Independent Bank Corp
IBCP
73 hedge funds and large institutions have $179M invested in Independent Bank Corp in 2013 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 30 increasing their positions, 16 reducing their positions, and 12 closing their positions.
2,467% more call options, than puts
Call options by funds: $154K | Put options by funds: $6K
88% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 16
50% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 12
34% more capital invested
Capital invested by funds: $133M → $179M (+$45.6M)
7% more funds holding
Funds holding: 68 → 73 (+5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$4.96M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.93M |
| 3 |
BCM
Basswood Capital Management
New York
|
+$2.16M |
| 4 |
ERSOT
Employees Retirement System of Texas
Austin,
Texas
|
+$1.88M |
| 5 |
Renaissance Technologies
New York
|
+$1.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
-$2.39M |
| 2 |
FG
FSI Group
Cincinnati,
Ohio
|
-$2.15M |
| 3 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$1.96M |
| 4 |
BIM
Bogle Investment Management
Newton Lower Falls,
Massachusetts
|
-$1.51M |
| 5 |
SCM
Schneider Capital Management
Berwyn,
Pennsylvania
|
-$1.35M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BIM
76
Bogle Investment Management
Newton Lower Falls,
Massachusetts
| – | -$1.51M | -151,128 | Closed |
|
|
SCM
77
Schneider Capital Management
Berwyn,
Pennsylvania
| – | -$1.35M | -135,135 | Closed |
|
|
PFP
78
Patriot Financial Partners
Radnor,
Pennsylvania
| – | -$1M | -100,100 | Closed |
|
|
MCA
79
Mendon Capital Advisors
Key Largo,
Florida
| – | -$740K | -74,000 | Closed |
|
|
BP
80
Boston Provident
Englewood,
New Jersey
| – | -$525K | -52,530 | Closed |
|
|
HCM
81
Highbridge Capital Management
New York
| – | -$322K | -32,225 | Closed |
|
82
LSV Asset Management
Chicago,
Illinois
| – | -$128K | -12,829 | Closed |
|
83
Jane Street
New York
| – | -$127K | -12,749 | Closed |
|
|
SSG
84
Summit Securities Group
New York
| – | -$24K | -2,400 | Closed |
|
|
AIG
85
American International Group
New York
| – | -$900 | -90 | Closed |
|
IBCP Hedge Fund Activity: Q4 2013 in Review
73 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q4 2013, worth a combined $179M — up 34% from $133M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new IBCP positions and 12 closed out — a net gain of 6 holders — while 30 added to existing stakes and 16 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $4.96M. The largest seller was Maltese Capital Management, cutting an estimated $2.39M.
- 73 institutional investors held Independent Bank Corp (IBCP) as of Q4 2013, up from 68 in Q3 2013.
- Funds reported $179M of Independent Bank Corp stock for Q4 2013, up 34% quarter-over-quarter.
- 18 funds opened new Independent Bank Corp positions in Q4 2013 and 12 closed out, a net change of +6 holders.
- The largest Independent Bank Corp buyer in Q4 2013 was Fidelity Investments, an estimated $4.96M added.
- The largest Independent Bank Corp seller in Q4 2013 was Maltese Capital Management, an estimated $2.39M sold.
Based on aggregated 13F filings for Q4 2013.