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Independent Bank Corp
IBCP

108 hedge funds and large institutions have $369M invested in Independent Bank Corp in 2016 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 50 increasing their positions, 26 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

92% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 26

80.09% more ownership

Funds ownership: 0% → 80.09% (+80%)

44% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 9

33% more capital invested

Capital invested by funds: $277M → $369M (+$92.5M)

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

3% more funds holding

Funds holding: 105 → 108 (+3)

Holders
108
Holders Change
+3
Holders Change %
+2.86%
% of All Funds
2.7%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.1%
New
13
Increased
50
Reduced
26
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BIT
BlackRock Institutional Trust
California
+$3.41M
2
Invesco
Invesco
Georgia
+$2.99M
3
JP Morgan Chase
JP Morgan Chase
New York
+$2.32M
4
BFA
BlackRock Fund Advisors
California
+$1.83M
5
Morgan Stanley
Morgan Stanley
New York
+$1.82M

Top Sellers

Rank Fund Capital Flow
1
CP
Clover Partners
Texas
-$5.58M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$5.36M
3
JAM
Jacobs Asset Management
New York
-$2.69M
4
MCM
Maltese Capital Management
New York
-$1.06M
5
Boston Partners
Boston Partners
Massachusetts
-$1.05M
Name Holding Trade Value Shares
Change 		Change in
Stake
EMFAT
51
Emerald Mutual Fund Advisers Trust
Pennsylvania
$1.08M – – –
Susquehanna International Group
52
Susquehanna International Group
Pennsylvania
$1.04M +$537K +29,099 +153%
Two Sigma Investments
53
Two Sigma Investments
New York
$992K -$72.2K -3,913 -8%
California State Teachers Retirement System (CalSTRS)
54
California State Teachers Retirement System (CalSTRS)
California
$911K -$20.3K -1,100 -3%
Goldman Sachs
55
Goldman Sachs
New York
$910K +$40.5K +2,194 +6%
NFA
56
Nationwide Fund Advisors
Ohio
$857K -$32K -1,734 -4%
Acadian Asset Management
57
Acadian Asset Management
Massachusetts
$849K +$722K +39,145 New
Norges Bank
58
Norges Bank
Norway
$824K – – –
Bank of America
59
Bank of America
North Carolina
$821K +$615K +33,330 +742%
SO
60
STRS Ohio
Ohio
$752K +$350K +19,000 +121%
Wellington Management Group
61
Wellington Management Group
Massachusetts
$735K – – –
TA
62
Teachers Advisors
New York
$728K +$24.5K +1,330 +4%
Bessemer Group
63
Bessemer Group
New Jersey
$699K +$183K +9,900 +44%
Prudential Financial
64
Prudential Financial
New Jersey
$640K +$302K +16,400 +125%
Connor, Clark & Lunn Investment Management (CC&L)
65
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$628K +$533K +28,925 New
BCM
66
Bridgeway Capital Management
Texas
$621K -$835K -45,250 -61%
ARTA
67
A.R.T. Advisors
New York
$571K +$486K +26,326 New
RhumbLine Advisers
68
RhumbLine Advisers
Massachusetts
$561K -$7.88K -427 -2%
FQ
69
First Quadrant
California
$518K +$118K +6,413 +37%
SIM
70
Spark Investment Management
New York
$507K +$432K +23,400 New
Citigroup
71
Citigroup
New York
$479K +$267K +14,497 +191%
BG
72
BlackRock Group
United Kingdom
$472K +$402K +21,771 New
New York State Common Retirement Fund
73
New York State Common Retirement Fund
New York
$456K – – –
CI
74
Cigna Investments
Connecticut
$374K +$318K +17,219 New
MLICM
75
Metropolitan Life Insurance Company (MetLife)
New York
$361K – – –
1 2
3
4 5

IBCP Hedge Fund Activity: Q4 2016 in Review

108 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q4 2016, worth a combined $369M — up 33% from $277M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new IBCP positions and 9 closed out — a net gain of 4 holders — while 50 added to existing stakes and 26 trimmed.

The largest buyer was BlackRock Institutional Trust, adding an estimated $3.41M. The largest seller was Clover Partners, cutting an estimated $5.58M.

  • 108 institutional investors held Independent Bank Corp (IBCP) as of Q4 2016, up from 105 in Q3 2016.
  • Funds reported $369M of Independent Bank Corp stock for Q4 2016, up 33% quarter-over-quarter.
  • 13 funds opened new Independent Bank Corp positions in Q4 2016 and 9 closed out, a net change of +4 holders.
  • The largest Independent Bank Corp buyer in Q4 2016 was BlackRock Institutional Trust, an estimated $3.41M added.
  • The largest Independent Bank Corp seller in Q4 2016 was Clover Partners, an estimated $5.58M sold.

Based on aggregated 13F filings for Q4 2016.