Independent Bank Corp
IBCP
130 hedge funds and large institutions have $387M invested in Independent Bank Corp in 2019 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 50 increasing their positions, 38 reducing their positions, and 15 closing their positions.
1,071% more call options, than puts
Call options by funds: $6.73M | Put options by funds: $575K
32% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 38
4.39% more ownership
Funds ownership: 76.4% → 80.78% (+4.4%)
1% less capital invested
Capital invested by funds: $391M → $387M (-$3.19M)
2% less funds holding
Funds holding: 132 → 130 (-2)
13% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 15
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.82M |
| 2 |
FCM
FJ Capital Management
Mclean,
Virginia
|
+$2.73M |
| 3 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$2.62M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$2.62M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$2.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$5M |
| 2 |
MCM
Maltese Capital Management
New York
|
-$3.14M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$2.81M |
| 4 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$2.18M |
| 5 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$2.07M |
IBCP Hedge Fund Activity: Q3 2019 in Review
130 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q3 2019, worth a combined $387M — down 0.82% from $391M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of IBCP and 13 opened new positions — a net loss of 2 holders — while 38 trimmed existing stakes and 50 added.
The largest buyer was Arrowstreet Capital, adding an estimated $2.82M. The largest seller was Stieven Capital Advisors, exiting entirely with an estimated $5M sold.
- 130 institutional investors held Independent Bank Corp (IBCP) as of Q3 2019, down from 132 in Q2 2019.
- Funds reported $387M of Independent Bank Corp stock for Q3 2019, down 0.82% quarter-over-quarter.
- 13 funds opened new Independent Bank Corp positions in Q3 2019 and 15 closed out, a net change of -2 holders.
- The largest Independent Bank Corp buyer in Q3 2019 was Arrowstreet Capital, an estimated $2.82M added.
- The largest Independent Bank Corp seller in Q3 2019 was Stieven Capital Advisors, an estimated $5M sold.
Based on aggregated 13F filings for Q3 2019.