Independent Bank Corp
IBCP
105 hedge funds and large institutions have $243M invested in Independent Bank Corp in 2016 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 35 increasing their positions, 36 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
8% more funds holding
Funds holding: 97 → 105 (+8)
1% more capital invested
Capital invested by funds: $240M → $243M (+$3.18M)
3% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 36
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $2K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
+$2.4M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
+$2.06M |
| 3 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$1.33M |
| 4 |
CEP
Chicago Equity Partners
Chicago,
Illinois
|
+$1.21M |
| 5 |
JP Morgan Chase
New York
|
+$1.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
-$2.51M |
| 2 |
Millennium Management
New York
|
-$1.76M |
| 3 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$1.27M |
| 4 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$773K |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$541K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWM
101
Geneos Wealth Management
Englewood,
Colorado
| $7K | – | – | – |
|
|
CG
102
Cutler Group
San Francisco,
California
| $2K | – | – | – |
|
103
Loomis, Sayles & Company
Boston,
Massachusetts
| $1K | -$5.36K | -363 | -84% |
|
104
Barclays
London,
United Kingdom
| $1K | -$339 | -23 | -25% |
|
|
LTFS
105
Ladenburg Thalmann Financial Services
Miami,
Florida
| $1K | +$738 | +50 | New |
|
|
AA
106
Ancora Advisors
Cleveland,
Ohio
| – | -$773K | -53,100 | Closed |
|
|
DTL
107
Dynamic Technology Lab
Singapore
| – | -$303K | -20,815 | Closed |
|
108
Acadian Asset Management
Boston,
Massachusetts
| – | -$20K | -1,395 | Closed |
|
109
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$5K | -370 | Closed |
|
IBCP Hedge Fund Activity: Q2 2016 in Review
105 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q2 2016, worth a combined $243M — up 1.3% from $240M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new IBCP positions and 4 closed out — a net gain of 9 holders — while 35 added to existing stakes and 36 trimmed.
The largest buyer was Maltese Capital Management, adding an estimated $2.4M. The largest seller was Endeavour Capital Advisors, cutting an estimated $2.51M.
- 105 institutional investors held Independent Bank Corp (IBCP) as of Q2 2016, up from 97 in Q1 2016.
- Funds reported $243M of Independent Bank Corp stock for Q2 2016, up 1.3% quarter-over-quarter.
- 13 funds opened new Independent Bank Corp positions in Q2 2016 and 4 closed out, a net change of +9 holders.
- The largest Independent Bank Corp buyer in Q2 2016 was Maltese Capital Management, an estimated $2.4M added.
- The largest Independent Bank Corp seller in Q2 2016 was Endeavour Capital Advisors, an estimated $2.51M sold.
Based on aggregated 13F filings for Q2 2016.