Independent Bank Corp
IBCP
97 hedge funds and large institutions have $240M invested in Independent Bank Corp in 2016 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 37 increasing their positions, 24 reducing their positions, and 10 closing their positions.
60% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 10
54% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 24
7% more funds holding
Funds holding: 91 → 97 (+6)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
9% less capital invested
Capital invested by funds: $262M → $240M (-$22.5M)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $4K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$2.58M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.09M |
| 3 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$1.03M |
| 4 |
Morgan Stanley
New York
|
+$862K |
| 5 |
CP
Clover Partners
Dallas,
Texas
|
+$853K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
-$6.42M |
| 2 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$4.99M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$4.11M |
| 4 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
-$3.59M |
| 5 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
-$3.23M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AL
101
AJO LP
Philadelphia,
Pennsylvania
| – | -$1.45M | -95,197 | Closed |
|
|
GH
102
GAM Holding
Zurich,
Switzerland
| – | -$1.04M | -68,300 | Closed |
|
103
Stifel Financial
St. Louis,
Missouri
| – | -$256K | -16,825 | Closed |
|
104
Citadel Advisors
Miami,
Florida
| – | -$235K | -15,461 | Closed |
|
|
DIA
105
Denver Investment Advisors
Denver,
Colorado
| – | -$181K | -11,875 | Closed |
|
106
BNP Paribas Financial Markets
Paris,
France
| – | -$67.6K | -4,440 | Closed |
|
|
IA
107
IFP Advisors
Tampa,
Florida
| – | -$10K | -657 | Closed |
|
IBCP Hedge Fund Activity: Q1 2016 in Review
97 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q1 2016, worth a combined $240M — down 8.6% from $262M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new IBCP positions and 10 closed out — a net gain of 6 holders — while 37 added to existing stakes and 24 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $2.58M. The largest seller was Elizabeth Park Capital Advisors, exiting entirely with an estimated $6.42M sold.
- 97 institutional investors held Independent Bank Corp (IBCP) as of Q1 2016, up from 91 in Q4 2015.
- Funds reported $240M of Independent Bank Corp stock for Q1 2016, down 8.6% quarter-over-quarter.
- 16 funds opened new Independent Bank Corp positions in Q1 2016 and 10 closed out, a net change of +6 holders.
- The largest Independent Bank Corp buyer in Q1 2016 was Millennium Management, an estimated $2.58M added.
- The largest Independent Bank Corp seller in Q1 2016 was Elizabeth Park Capital Advisors, an estimated $6.42M sold.
Based on aggregated 13F filings for Q1 2016.