Independent Bank Corp
IBCP
141 hedge funds and large institutions have $468M invested in Independent Bank Corp in 2024 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 52 increasing their positions, 45 reducing their positions, and 12 closing their positions.
100% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 12
16% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 45
8% more capital invested
Capital invested by funds: $434M → $468M (+$34M)
8% more funds holding
Funds holding: 131 → 141 (+10)
1.06% more ownership
Funds ownership: 81.87% → 82.94% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$3.63M |
| 2 |
MCM
Maltese Capital Management
New York
|
+$3.39M |
| 3 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$2.89M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$2.28M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$8.09M |
| 2 |
ACM
Ategra Capital Management
Vienna,
Virginia
|
-$1.76M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.45M |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$1.36M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$1.21M |
IBCP Hedge Fund Activity: Q2 2024 in Review
141 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q2 2024, worth a combined $468M — up 7.8% from $434M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new IBCP positions and 12 closed out — a net gain of 12 holders — while 52 added to existing stakes and 45 trimmed.
The largest buyer was BlackRock, adding an estimated $3.63M. The largest seller was FJ Capital Management, cutting an estimated $8.09M.
- 141 institutional investors held Independent Bank Corp (IBCP) as of Q2 2024, up from 131 in Q1 2024.
- Funds reported $468M of Independent Bank Corp stock for Q2 2024, up 7.8% quarter-over-quarter.
- 24 funds opened new Independent Bank Corp positions in Q2 2024 and 12 closed out, a net change of +12 holders.
- The largest Independent Bank Corp buyer in Q2 2024 was BlackRock, an estimated $3.63M added.
- The largest Independent Bank Corp seller in Q2 2024 was FJ Capital Management, an estimated $8.09M sold.
Based on aggregated 13F filings for Q2 2024.