Independent Bank Corp
IBCP
132 hedge funds and large institutions have $391M invested in Independent Bank Corp in 2019 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 42 increasing their positions, 45 reducing their positions, and 14 closing their positions.
1,021% more call options, than puts
Call options by funds: $6.66M | Put options by funds: $594K
3% less capital invested
Capital invested by funds: $404M → $391M (-$13.3M)
7% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 45
3% less funds holding
Funds holding: 136 → 132 (-4)
3.14% less ownership
Funds ownership: 79.54% → 76.4% (-3.1%)
14% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 14
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAM
Jacobs Asset Management
New York
|
+$7.11M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$6.68M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$3.83M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$2.83M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$2.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCA
PL Capital Advisors
Naples,
Florida
|
-$19.7M |
| 2 |
BlackRock
New York
|
-$8.08M |
| 3 |
MCM
Maltese Capital Management
New York
|
-$2.17M |
| 4 |
Man Group
London,
United Kingdom
|
-$1.69M |
| 5 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$1.52M |
IBCP Hedge Fund Activity: Q2 2019 in Review
132 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q2 2019, worth a combined $391M — down 3.3% from $404M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of IBCP and 12 opened new positions — a net loss of 2 holders — while 45 trimmed existing stakes and 42 added.
The largest buyer was Jacobs Asset Management, opening a new position worth an estimated $7.11M. The largest seller was PL Capital Advisors, cutting an estimated $19.7M.
- 132 institutional investors held Independent Bank Corp (IBCP) as of Q2 2019, down from 136 in Q1 2019.
- Funds reported $391M of Independent Bank Corp stock for Q2 2019, down 3.3% quarter-over-quarter.
- 12 funds opened new Independent Bank Corp positions in Q2 2019 and 14 closed out, a net change of -2 holders.
- The largest Independent Bank Corp buyer in Q2 2019 was Jacobs Asset Management, an estimated $7.11M added.
- The largest Independent Bank Corp seller in Q2 2019 was PL Capital Advisors, an estimated $19.7M sold.
Based on aggregated 13F filings for Q2 2019.