Independent Bank Corp
IBCP
119 hedge funds and large institutions have $287M invested in Independent Bank Corp in 2023 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 40 increasing their positions, 52 reducing their positions, and 22 closing their positions.
700% more call options, than puts
Call options by funds: $24K | Put options by funds: $3K
0.04% more ownership
Funds ownership: 79.95% → 79.98% (+0.04%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less capital invested
Capital invested by funds: $300M → $287M (-$13.3M)
7% less funds holding
Funds holding: 128 → 119 (-9)
23% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 52
41% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$1.89M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$1.35M |
| 3 |
ACM
Ategra Capital Management
Vienna,
Virginia
|
+$1.17M |
| 4 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
+$1.1M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCP
Seizert Capital Partners
Birmingham,
Michigan
|
-$2.65M |
| 2 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$2.13M |
| 3 |
Millennium Management
New York
|
-$1.49M |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$1.01M |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$596K |
IBCP Hedge Fund Activity: Q2 2023 in Review
119 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q2 2023, worth a combined $287M — down 4.4% from $300M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of IBCP and 13 opened new positions — a net loss of 9 holders — while 52 trimmed existing stakes and 40 added.
The largest buyer was Allspring Global Investments, adding an estimated $1.89M. The largest seller was Seizert Capital Partners, exiting entirely with an estimated $2.65M sold.
- 119 institutional investors held Independent Bank Corp (IBCP) as of Q2 2023, down from 128 in Q1 2023.
- Funds reported $287M of Independent Bank Corp stock for Q2 2023, down 4.4% quarter-over-quarter.
- 13 funds opened new Independent Bank Corp positions in Q2 2023 and 22 closed out, a net change of -9 holders.
- The largest Independent Bank Corp buyer in Q2 2023 was Allspring Global Investments, an estimated $1.89M added.
- The largest Independent Bank Corp seller in Q2 2023 was Seizert Capital Partners, an estimated $2.65M sold.
Based on aggregated 13F filings for Q2 2023.