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Independent Bank Corp

131 hedge funds and large institutions have $434M invested in Independent Bank Corp in 2024 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 47 increasing their positions, 50 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 33 (0)

0% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 15

1% less funds holding

Funds holding: 132131 (-1)

0.91% less ownership

Funds ownership: 82.79%81.87% (-0.91%)

3% less capital invested

Capital invested by funds: $449M → $434M (-$15M)

6% less repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 50

Holders
131
Holders Change
-1
Holders Change %
-0.76%
% of All Funds
1.89%
Holding in Top 10
3
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.04%
New
15
Increased
47
Reduced
50
Closed
15
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
B
76
Bailard
California
$405K +$81.1K +3,260 +26%
Janus Henderson Group
77
Janus Henderson Group
United Kingdom
$370K -$185K -7,458 -34%
Rockefeller Capital Management
78
Rockefeller Capital Management
New York
$355K +$349K +14,016 New
RCAG
79
Rehmann Capital Advisory Group
Michigan
$354K
RJFSA
80
Raymond James Financial Services Advisors
Florida
$353K -$20.4K -820 -6%
State of Tennessee, Department of Treasury
81
State of Tennessee, Department of Treasury
Tennessee
$349K -$146K -5,873 -30%
SEI Investments
82
SEI Investments
Pennsylvania
$347K +$32.9K +1,321 +11%
Truist Financial
83
Truist Financial
North Carolina
$332K
KFGK
84
Keystone Financial Group (Kentucky)
Kentucky
$325K -$5.97K -240 -2%
Royal Bank of Canada
85
Royal Bank of Canada
Ontario, Canada
$305K -$116K -4,650 -28%
Envestnet Asset Management
86
Envestnet Asset Management
Illinois
$285K -$19.6K -789 -7%
MIM
87
MetLife Investment Management
New Jersey
$283K
ST
88
Sentinel Trust
Texas
$281K +$276K +11,086 New
Ohio Public Employees Retirement System (OPERS)
89
Ohio Public Employees Retirement System (OPERS)
Ohio
$275K -$11.7K -469 -4%
AWM
90
Axxcess Wealth Management
California
$258K +$253K +10,170 New
AI
91
Atom Investors
Texas
$253K +$248K +9,967 New
AIG
92
American International Group
New York
$249K -$2.11K -85 -0.9%
CAAS
93
Capital Asset Advisory Services
Michigan
$248K +$253K +10,170 New
CIBC Private Wealth Group
94
CIBC Private Wealth Group
Georgia
$246K
JF
95
Jump Financial
Illinois
$244K +$240K +9,643 New
RIA
96
Regal Investment Advisors
Michigan
$244K -$34.2K -1,377 -13%
Grantham, Mayo, Van Otterloo & Co (GMO)
97
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$243K
Tudor Investment Corp
98
Tudor Investment Corp
Connecticut
$234K -$209K -8,397 -48%
New York State Common Retirement Fund
99
New York State Common Retirement Fund
New York
$231K +$40.6K +1,633 +22%
LWM
100
LJI Wealth Management
Indiana
$228K

IBCP Hedge Fund Activity: Q1 2024 in Review

131 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q1 2024, worth a combined $434M — down 3.3% from $449M a quarter earlier.

Fund positioning in IBCP was balanced in Q1 2024: 15 funds opened new positions, 15 closed out, 47 added to existing stakes and 50 trimmed.

The largest buyer was FJ Capital Management, adding an estimated $6.24M. The largest seller was Morgan Stanley, cutting an estimated $6.07M.

  • 131 institutional investors held Independent Bank Corp (IBCP) as of Q1 2024, down from 132 in Q4 2023.
  • Funds reported $434M of Independent Bank Corp stock for Q1 2024, down 3.3% quarter-over-quarter.
  • 15 funds opened new Independent Bank Corp positions in Q1 2024 and 15 closed out, a net change of 0 holders.
  • The largest Independent Bank Corp buyer in Q1 2024 was FJ Capital Management, an estimated $6.24M added.
  • The largest Independent Bank Corp seller in Q1 2024 was Morgan Stanley, an estimated $6.07M sold.

Based on aggregated 13F filings for Q1 2024.