Independent Bank Corp
IBCP
89 hedge funds and large institutions have $201M invested in Independent Bank Corp in 2014 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 28 increasing their positions, 33 reducing their positions, and 19 closing their positions.
1,471% more call options, than puts
Call options by funds: $377K | Put options by funds: $24K
9% less capital invested
Capital invested by funds: $220M → $201M (-$19.6M)
10% less funds holding
Funds holding: 99 → 89 (-10)
15% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 33
53% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCA
PL Capital Advisors
Naples,
Florida
|
+$12.4M |
| 2 |
BCM
Basswood Capital Management
New York
|
+$8.04M |
| 3 |
MCM
Maltese Capital Management
New York
|
+$4.88M |
| 4 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
+$3.92M |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$2.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$11.7M |
| 2 |
HAI
Hennessy Advisors Inc
Novato,
California
|
-$2.72M |
| 3 |
EC
EJF Capital
Arlington,
Virginia
|
-$2.68M |
| 4 |
TI
Turner Investments
Berwyn,
Pennsylvania
|
-$2.14M |
| 5 |
NC
Northpointe Capital
Bloomfield Hills,
Michigan
|
-$2.02M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
ProShare Advisors
Bethesda,
Maryland
| – | -$142K | -11,037 | Closed |
|
|
VKH
102
Virtu KCG Holdings
New York
| – | -$141K | -10,987 | Closed |
|
103
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$125K | -10,078 | Closed |
|
|
TRCT
104
Tower Research Capital (TRC)
New York
| – | -$69K | -5,388 | Closed |
|
105
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$33K | -2,539 | Closed |
|
|
VFA
106
Virtus Fund Advisers
Hartford,
Connecticut
| – | -$25K | -1,956 | Closed |
|
|
DA
107
Denali Advisors
San Diego,
California
| – | -$1K | -100 | Closed |
|
IBCP Hedge Fund Activity: Q3 2014 in Review
89 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q3 2014, worth a combined $201M — down 8.9% from $220M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of IBCP and 9 opened new positions — a net loss of 10 holders — while 33 trimmed existing stakes and 28 added.
The largest buyer was PL Capital Advisors, opening a new position worth an estimated $12.4M. The largest seller was Wellington Management Group, cutting an estimated $11.7M.
- 89 institutional investors held Independent Bank Corp (IBCP) as of Q3 2014, down from 99 in Q2 2014.
- Funds reported $201M of Independent Bank Corp stock for Q3 2014, down 8.9% quarter-over-quarter.
- 9 funds opened new Independent Bank Corp positions in Q3 2014 and 19 closed out, a net change of -10 holders.
- The largest Independent Bank Corp buyer in Q3 2014 was PL Capital Advisors, an estimated $12.4M added.
- The largest Independent Bank Corp seller in Q3 2014 was Wellington Management Group, an estimated $11.7M sold.
Based on aggregated 13F filings for Q3 2014.