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Independent Bank Corp
IBCP

108 hedge funds and large institutions have $369M invested in Independent Bank Corp in 2016 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 50 increasing their positions, 26 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

92% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 26

80.09% more ownership

Funds ownership: 0% → 80.09% (+80%)

44% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 9

33% more capital invested

Capital invested by funds: $277M → $369M (+$92.5M)

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

3% more funds holding

Funds holding: 105 → 108 (+3)

Holders
108
Holders Change
+3
Holders Change %
+2.86%
% of All Funds
2.7%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.1%
New
13
Increased
50
Reduced
26
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BIT
BlackRock Institutional Trust
California
+$3.41M
2
Invesco
Invesco
Georgia
+$2.99M
3
JP Morgan Chase
JP Morgan Chase
New York
+$2.32M
4
BFA
BlackRock Fund Advisors
California
+$1.83M
5
Morgan Stanley
Morgan Stanley
New York
+$1.82M

Top Sellers

Rank Fund Capital Flow
1
CP
Clover Partners
Texas
-$5.58M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$5.36M
3
JAM
Jacobs Asset Management
New York
-$2.69M
4
MCM
Maltese Capital Management
New York
-$1.06M
5
Boston Partners
Boston Partners
Massachusetts
-$1.05M
Name Holding Trade Value Shares
Change 		Change in
Stake
PMFA
101
Plante Moran Financial Advisors
Michigan
$14K – – –
GWM
102
Geneos Wealth Management
Colorado
$11K – – –
LTFS
103
Ladenburg Thalmann Financial Services
Florida
$11K +$6.42K +348 +229%
TRCT
104
Tower Research Capital (TRC)
New York
$8K +$4.5K +244 +205%
MFS
105
MSI Financial Services
Massachusetts
$1K -$7.39K -401 -87%
Creative Planning
106
Creative Planning
Kansas
$1K – – –
JAM
107
Jacobs Asset Management
New York
– -$2.69M -160,000 Closed
MERSOM
108
Municipal Employees' Retirement System of Michigan
Michigan
– -$537K -31,890 Closed
DC
109
Deere & Company
Illinois
– -$327K -19,400 Closed
Balyasny Asset Management
110
Balyasny Asset Management
Illinois
– -$229K -13,600 Closed
Arrowstreet Capital
111
Arrowstreet Capital
Massachusetts
– -$226K -13,420 Closed
SSG
112
Summit Securities Group
New York
– -$169K -10,047 Closed
SG Americas Securities
113
SG Americas Securities
New York
– -$131K -7,776 Closed
GI
114
Gradient Investments
Minnesota
– -$35K -2,067 Closed
Loomis, Sayles & Company
115
Loomis, Sayles & Company
Massachusetts
– -$1.97K -107 -88%
Simplex Trading
116
Simplex Trading
Illinois
– +$295 +16 New
1 2 3 4
5

IBCP Hedge Fund Activity: Q4 2016 in Review

108 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q4 2016, worth a combined $369M — up 33% from $277M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new IBCP positions and 9 closed out — a net gain of 4 holders — while 50 added to existing stakes and 26 trimmed.

The largest buyer was BlackRock Institutional Trust, adding an estimated $3.41M. The largest seller was Clover Partners, cutting an estimated $5.58M.

  • 108 institutional investors held Independent Bank Corp (IBCP) as of Q4 2016, up from 105 in Q3 2016.
  • Funds reported $369M of Independent Bank Corp stock for Q4 2016, up 33% quarter-over-quarter.
  • 13 funds opened new Independent Bank Corp positions in Q4 2016 and 9 closed out, a net change of +4 holders.
  • The largest Independent Bank Corp buyer in Q4 2016 was BlackRock Institutional Trust, an estimated $3.41M added.
  • The largest Independent Bank Corp seller in Q4 2016 was Clover Partners, an estimated $5.58M sold.

Based on aggregated 13F filings for Q4 2016.