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Independent Bank Corp
IBCP

105 hedge funds and large institutions have $277M invested in Independent Bank Corp in 2016 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 44 increasing their positions, 28 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 28

14% more capital invested

Capital invested by funds: $243M → $277M (+$34.2M)

11% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 9

0% more funds holding

Funds holding: 105 → 105 (0)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

Holders
105
Holders Change
–
Holders Change %
0%
% of All Funds
2.8%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
10
Increased
44
Reduced
28
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
NI
Numeric Investors
Massachusetts
+$4.65M
2
AL
AJO LP
Pennsylvania
+$4.41M
3
Renaissance Technologies
Renaissance Technologies
New York
+$1.23M
4
SCA
Stieven Capital Advisors
Missouri
+$1.2M
5
State Street
State Street
Massachusetts
+$990K

Top Sellers

Rank Fund Capital Flow
1
ECA
Endeavour Capital Advisors
Connecticut
-$7.83M
2
JAM
Jacobs Asset Management
New York
-$3.24M
3
Invesco
Invesco
Georgia
-$2.34M
4
TAM
THB Asset Management
Connecticut
-$1.81M
5
EA
Emerald Acquisition
Washington
-$1.18M
Name Holding Trade Value Shares
Change 		Change in
Stake
NFA
51
Nationwide Fund Advisors
Ohio
$694K +$12.1K +765 +2%
Goldman Sachs
52
Goldman Sachs
New York
$669K +$214K +13,516 +52%
Norges Bank
53
Norges Bank
Norway
$610K – – –
Invesco
54
Invesco
Georgia
$588K -$2.34M -147,746 -81%
Wellington Management Group
55
Wellington Management Group
Massachusetts
$570K – – –
TA
56
Teachers Advisors
New York
$542K – – –
MERSOM
57
Municipal Employees' Retirement System of Michigan
Michigan
$537K – – –
First Trust Advisors
58
First Trust Advisors
Illinois
$526K -$11.2K -709 -2%
OSAM
59
O'Shaughnessy Asset Management
Connecticut
$464K +$34.5K +2,180 +9%
RhumbLine Advisers
60
RhumbLine Advisers
Massachusetts
$443K +$3.32K +210 +0.8%
Bessemer Group
61
Bessemer Group
New Jersey
$375K +$353K +22,300 New
New York State Common Retirement Fund
62
New York State Common Retirement Fund
New York
$353K -$92.8K -5,872 -22%
DC
63
Deere & Company
Illinois
$327K – – –
Susquehanna International Group
64
Susquehanna International Group
Pennsylvania
$320K – – –
FQ
65
First Quadrant
California
$294K +$276K +17,462 New
MLICM
66
Metropolitan Life Insurance Company (MetLife)
New York
$280K – – –
SO
67
STRS Ohio
Ohio
$264K +$52.2K +3,300 +27%
PPA
68
Parametric Portfolio Associates
Washington
$257K +$35.9K +2,269 +17%
Balyasny Asset Management
69
Balyasny Asset Management
Illinois
$229K +$215K +13,600 New
Arrowstreet Capital
70
Arrowstreet Capital
Massachusetts
$226K +$212K +13,420 New
Prudential Financial
71
Prudential Financial
New Jersey
$220K +$207K +13,070 New
BA
72
BlackRock Advisors
Delaware
$206K +$21.9K +1,382 +13%
AIG
73
American International Group
New York
$198K +$285 +18 +0.2%
SSG
74
Summit Securities Group
New York
$169K +$159K +10,047 New
KBC Group
75
KBC Group
Belgium
$163K – – –
1 2
3
4 5

IBCP Hedge Fund Activity: Q3 2016 in Review

105 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q3 2016, worth a combined $277M — up 14% from $243M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new IBCP positions and 9 closed out — a net gain of 1 holder — while 44 added to existing stakes and 28 trimmed.

The largest buyer was Numeric Investors, adding an estimated $4.65M. The largest seller was Endeavour Capital Advisors, exiting entirely with an estimated $7.83M sold.

  • 105 institutional investors held Independent Bank Corp (IBCP) as of Q3 2016, unchanged from Q2 2016.
  • Funds reported $277M of Independent Bank Corp stock for Q3 2016, up 14% quarter-over-quarter.
  • 10 funds opened new Independent Bank Corp positions in Q3 2016 and 9 closed out, a net change of +1 holder.
  • The largest Independent Bank Corp buyer in Q3 2016 was Numeric Investors, an estimated $4.65M added.
  • The largest Independent Bank Corp seller in Q3 2016 was Endeavour Capital Advisors, an estimated $7.83M sold.

Based on aggregated 13F filings for Q3 2016.