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Independent Bank Corp

132 hedge funds and large institutions have $449M invested in Independent Bank Corp in 2023 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 45 increasing their positions, 45 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

633% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 3

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

46% more capital invested

Capital invested by funds: $308M → $449M (+$141M)

17% more funds holding

Funds holding: 113132 (+19)

2.6% more ownership

Funds ownership: 80.19%82.79% (+2.6%)

0% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 45

Holders
132
Holders Change
+19
Holders Change %
+16.81%
% of All Funds
1.92%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
22
Increased
45
Reduced
45
Closed
3
Calls
$2K
Puts
Net Calls
+$2K
Net Calls Change
-$31K
Name Holding Trade Value Shares
Change
Change in
Stake
Jane Street
76
Jane Street
New York
$431K +$353K +16,551 New
Franklin Resources
77
Franklin Resources
California
$420K +$130K +6,075 +60%
Teacher Retirement System of Texas
78
Teacher Retirement System of Texas
Texas
$405K -$133K -6,233 -29%
AllianceBernstein
79
AllianceBernstein
Tennessee
$405K +$27.3K +1,280 +9%
SG Americas Securities
80
SG Americas Securities
New York
$397K +$52.3K +2,449 +19%
RJFSA
81
Raymond James Financial Services Advisors
Florida
$384K +$14.4K +677 +5%
PI
82
Putnam Investments
Massachusetts
$380K -$49.9K -2,338 -14%
HEIP
83
Hudson Edge Investment Partners
New Jersey
$377K -$10.3K -485 -3%
Marshall Wace
84
Marshall Wace
United Kingdom
$368K +$302K +14,132 New
RCAG
85
Rehmann Capital Advisory Group
Michigan
$364K
Rafferty Asset Management
86
Rafferty Asset Management
New York
$355K +$49.5K +2,321 +21%
Truist Financial
87
Truist Financial
North Carolina
$340K -$8.94K -419 -3%
KFGK
88
Keystone Financial Group (Kentucky)
Kentucky
$340K -$811 -38 -0.3%
B
89
Bailard
California
$330K +$271K +12,700 New
SEI Investments
90
SEI Investments
Pennsylvania
$322K -$76.1K -3,567 -22%
Envestnet Asset Management
91
Envestnet Asset Management
Illinois
$313K -$3.07K -144 -1%
Ohio Public Employees Retirement System (OPERS)
92
Ohio Public Employees Retirement System (OPERS)
Ohio
$295K
Susquehanna International Group
93
Susquehanna International Group
Pennsylvania
$292K +$239K +11,217 New
MIM
94
MetLife Investment Management
New Jersey
$290K
RIA
95
Regal Investment Advisors
Michigan
$286K +$1.6K +75 +0.7%
CIBC Private Wealth Group
96
CIBC Private Wealth Group
Georgia
$260K +$213K +10,000 New
AIG
97
American International Group
New York
$258K -$3.78K -177 -2%
Grantham, Mayo, Van Otterloo & Co (GMO)
98
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$249K -$28.1K -1,317 -12%
LWM
99
LJI Wealth Management
Indiana
$234K +$192K +9,000 New
OQS
100
Occudo Quantitative Strategies
Florida
$208K +$170K +7,986 New

IBCP Hedge Fund Activity: Q4 2023 in Review

132 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q4 2023, worth a combined $449M — up 46% from $308M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new IBCP positions and 3 closed out — a net gain of 19 holders — while 45 added to existing stakes and 45 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $7.17M. The largest seller was Assenagon Asset Management, exiting entirely with an estimated $3.49M sold.

  • 132 institutional investors held Independent Bank Corp (IBCP) as of Q4 2023, up from 113 in Q3 2023.
  • Funds reported $449M of Independent Bank Corp stock for Q4 2023, up 46% quarter-over-quarter.
  • 22 funds opened new Independent Bank Corp positions in Q4 2023 and 3 closed out, a net change of +19 holders.
  • The largest Independent Bank Corp buyer in Q4 2023 was Morgan Stanley, an estimated $7.17M added.
  • The largest Independent Bank Corp seller in Q4 2023 was Assenagon Asset Management, an estimated $3.49M sold.

Based on aggregated 13F filings for Q4 2023.