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Independent Bank Corp
IBCP

112 hedge funds and large institutions have $355M invested in Independent Bank Corp in 2017 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 38 increasing their positions, 36 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

143% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 7

4% more funds holding

Funds holding: 108 → 112 (+4)

6% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 36

0.36% more ownership

Funds ownership: 80.09% → 80.45% (+0.36%)

4% less capital invested

Capital invested by funds: $369M → $355M (-$14.2M)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
112
Holders Change
+4
Holders Change %
+3.7%
% of All Funds
2.79%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.07%
New
17
Increased
38
Reduced
36
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$33.1M
2
LSV Asset Management
LSV Asset Management
Illinois
+$2.32M
3
NI
Numeric Investors
Massachusetts
+$2.01M
4
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$1.24M
5
GCP
GSA Capital Partners
United Kingdom
+$1.02M

Top Sellers

Rank Fund Capital Flow
1
BCM
Basswood Capital Management
New York
-$3.16M
2
Russell Investments Group
Russell Investments Group
United Kingdom
-$2.76M
3
MCM
Maltese Capital Management
New York
-$1.91M
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.04M
5
BCM
Bridgeway Capital Management
Texas
-$621K
Name Holding Trade Value Shares
Change 		Change in
Stake
Charles Schwab
51
Charles Schwab
California
$1.04M – – –
PH
52
Pinnacle Holdings
Oklahoma
$1.04M -$28.7K -1,359 -3%
EMFAT
53
Emerald Mutual Fund Advisers Trust
Pennsylvania
$1.03M – – –
GCP
54
GSA Capital Partners
United Kingdom
$996K +$1.02M +48,127 New
HIM
55
Hillsdale Investment Management
Ontario, Canada
$948K +$968K +45,800 New
Goldman Sachs
56
Goldman Sachs
New York
$927K +$60.4K +2,857 +7%
TA
57
Teachers Advisors
New York
$918K +$229K +10,825 +32%
AQR Capital Management
58
AQR Capital Management
Connecticut
$899K -$243K -11,498 -21%
California State Teachers Retirement System (CalSTRS)
59
California State Teachers Retirement System (CalSTRS)
California
$848K -$21.1K -1,000 -2%
Bank of Montreal
60
Bank of Montreal
Ontario, Canada
$780K +$710K +33,620 +831%
Prudential Financial
61
Prudential Financial
New Jersey
$735K +$127K +6,000 +20%
Wellington Management Group
62
Wellington Management Group
Massachusetts
$701K – – –
SO
63
STRS Ohio
Ohio
$691K -$27.5K -1,300 -4%
Connor, Clark & Lunn Investment Management (CC&L)
64
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$677K +$80.3K +3,800 +13%
Bessemer Group
65
Bessemer Group
New Jersey
$667K – – –
RhumbLine Advisers
66
RhumbLine Advisers
Massachusetts
$543K +$7.61K +360 +1%
CCA
67
Catalyst Capital Advisors
New York
$538K +$549K +26,000 New
FQ
68
First Quadrant
California
$494K – – –
SIM
69
Spark Investment Management
New York
$484K – – –
Ameriprise
70
Ameriprise
Minnesota
$474K +$484K +22,900 New
MC
71
Menta Capital
California
$469K +$478K +22,644 New
New York State Common Retirement Fund
72
New York State Common Retirement Fund
New York
$435K +$21 +1 +0%
CI
73
Cigna Investments
Connecticut
$356K – – –
MLICM
74
Metropolitan Life Insurance Company (MetLife)
New York
$344K – – –
VOYA Investment Management
75
VOYA Investment Management
Georgia
$333K – – –
1 2
3
4 5

IBCP Hedge Fund Activity: Q1 2017 in Review

112 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q1 2017, worth a combined $355M — down 3.8% from $369M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new IBCP positions and 7 closed out — a net gain of 10 holders — while 38 added to existing stakes and 36 trimmed.

The largest buyer was BlackRock, adding an estimated $33.1M. The largest seller was Basswood Capital Management, cutting an estimated $3.16M.

  • 112 institutional investors held Independent Bank Corp (IBCP) as of Q1 2017, up from 108 in Q4 2016.
  • Funds reported $355M of Independent Bank Corp stock for Q1 2017, down 3.8% quarter-over-quarter.
  • 17 funds opened new Independent Bank Corp positions in Q1 2017 and 7 closed out, a net change of +10 holders.
  • The largest Independent Bank Corp buyer in Q1 2017 was BlackRock, an estimated $33.1M added.
  • The largest Independent Bank Corp seller in Q1 2017 was Basswood Capital Management, an estimated $3.16M sold.

Based on aggregated 13F filings for Q1 2017.