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Independent Bank Corp
IBCP

126 hedge funds and large institutions have $388M invested in Independent Bank Corp in 2017 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 47 increasing their positions, 37 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

109% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 11

27% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 37

11% more funds holding

Funds holding: 114 → 126 (+12)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

0.36% less ownership

Funds ownership: 81.69% → 81.33% (-0.36%)

2% less capital invested

Capital invested by funds: $395M → $388M (-$7.02M)

Holders
126
Holders Change
+12
Holders Change %
+10.53%
% of All Funds
2.86%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
23
Increased
47
Reduced
37
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$6.01M
2
Morgan Stanley
Morgan Stanley
New York
+$4.85M
3
BlackRock
BlackRock
New York
+$3.6M
4
BCM
Basswood Capital Management
New York
+$3.05M
5
MCM
Maltese Capital Management
New York
+$2.45M

Top Sellers

Rank Fund Capital Flow
1
EC
EJF Capital
Virginia
-$17M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$10.7M
3
CP
Clover Partners
Texas
-$7.5M
4
NFA
Nationwide Fund Advisors
Ohio
-$2.24M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$1.43M
Name Holding Trade Value Shares
Change 		Change in
Stake
GCP
51
GSA Capital Partners
United Kingdom
$1.08M +$125K +5,561 +13%
Prudential Financial
52
Prudential Financial
New Jersey
$1.05M +$250K +11,100 +31%
First Trust Advisors
53
First Trust Advisors
Illinois
$1M +$17.2K +764 +2%
Citadel Advisors
54
Citadel Advisors
Florida
$986K +$80.5K +3,577 +9%
Charles Schwab
55
Charles Schwab
California
$915K -$211K -9,396 -19%
AG
56
Algert Global
California
$907K +$913K +40,580 New
SCM
57
Sterling Capital Management
North Carolina
$870K +$876K +38,947 New
TA
58
Teachers Advisors
New York
$861K +$32.7K +1,454 +4%
American Century Companies
59
American Century Companies
Missouri
$853K +$858K +38,146 New
CAM
60
ClariVest Asset Management
California
$836K +$841K +37,400 New
ADEF
61
Adams Diversified Equity Fund
Maryland
$818K -$241K -10,700 -23%
Acadian Asset Management
62
Acadian Asset Management
Massachusetts
$803K +$87.4K +3,887 +12%
Bank of Montreal
63
Bank of Montreal
Ontario, Canada
$801K +$37.8K +1,680 +5%
Swiss National Bank
64
Swiss National Bank
Switzerland
$800K – – –
HCM
65
Highbridge Capital Management
New York
$783K +$340K +15,129 +76%
SEI Investments
66
SEI Investments
Pennsylvania
$771K – – –
CIC
67
Cornercap Investment Counsel
Georgia
$732K +$737K +32,755 New
California State Teachers Retirement System (CalSTRS)
68
California State Teachers Retirement System (CalSTRS)
California
$716K -$18.6K -825 -3%
SO
69
STRS Ohio
Ohio
$704K -$42.7K -1,900 -6%
B
70
Bailard
California
$682K +$686K +30,500 New
AIMCA
71
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$677K +$682K +30,300 New
Jacobs Levy Equity Management
72
Jacobs Levy Equity Management
New Jersey
$654K +$658K +29,273 New
Macquarie Group
73
Macquarie Group
Australia
$602K +$13.5K +600 +2%
Ameriprise
74
Ameriprise
Minnesota
$602K +$83.3K +3,705 +16%
Lazard Asset Management
75
Lazard Asset Management
New York
$599K +$604K +26,833 New
1 2
3
4 5

IBCP Hedge Fund Activity: Q4 2017 in Review

126 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q4 2017, worth a combined $388M — down 1.8% from $395M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new IBCP positions and 11 closed out — a net gain of 12 holders — while 47 added to existing stakes and 37 trimmed.

The largest buyer was Millennium Management, adding an estimated $6.01M. The largest seller was EJF Capital, exiting entirely with an estimated $17M sold.

  • 126 institutional investors held Independent Bank Corp (IBCP) as of Q4 2017, up from 114 in Q3 2017.
  • Funds reported $388M of Independent Bank Corp stock for Q4 2017, down 1.8% quarter-over-quarter.
  • 23 funds opened new Independent Bank Corp positions in Q4 2017 and 11 closed out, a net change of +12 holders.
  • The largest Independent Bank Corp buyer in Q4 2017 was Millennium Management, an estimated $6.01M added.
  • The largest Independent Bank Corp seller in Q4 2017 was EJF Capital, an estimated $17M sold.

Based on aggregated 13F filings for Q4 2017.