Independent Bank Corp
IBCP
112 hedge funds and large institutions have $355M invested in Independent Bank Corp in 2017 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 38 increasing their positions, 36 reducing their positions, and 7 closing their positions.
143% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 7
4% more funds holding
Funds holding: 108 → 112 (+4)
6% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 36
0.36% more ownership
Funds ownership: 80.09% → 80.45% (+0.36%)
4% less capital invested
Capital invested by funds: $369M → $355M (-$14.2M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$33.1M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
+$2.32M |
| 3 |
NI
Numeric Investors
Boston,
Massachusetts
|
+$2.01M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$1.24M |
| 5 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$3.16M |
| 2 |
Russell Investments Group
London,
United Kingdom
|
-$2.76M |
| 3 |
MCM
Maltese Capital Management
New York
|
-$1.91M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.04M |
| 5 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$621K |
IBCP Hedge Fund Activity: Q1 2017 in Review
112 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q1 2017, worth a combined $355M — down 3.8% from $369M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new IBCP positions and 7 closed out — a net gain of 10 holders — while 38 added to existing stakes and 36 trimmed.
The largest buyer was BlackRock, adding an estimated $33.1M. The largest seller was Basswood Capital Management, cutting an estimated $3.16M.
- 112 institutional investors held Independent Bank Corp (IBCP) as of Q1 2017, up from 108 in Q4 2016.
- Funds reported $355M of Independent Bank Corp stock for Q1 2017, down 3.8% quarter-over-quarter.
- 17 funds opened new Independent Bank Corp positions in Q1 2017 and 7 closed out, a net change of +10 holders.
- The largest Independent Bank Corp buyer in Q1 2017 was BlackRock, an estimated $33.1M added.
- The largest Independent Bank Corp seller in Q1 2017 was Basswood Capital Management, an estimated $3.16M sold.
Based on aggregated 13F filings for Q1 2017.