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Independent Bank Corp

128 hedge funds and large institutions have $300M invested in Independent Bank Corp in 2023 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 47 increasing their positions, 50 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more call options, than puts

Call options by funds: $30K | Put options by funds: $18K

0% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 13

6% less repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 50

2% less funds holding

Funds holding: 130128 (-2)

2.72% less ownership

Funds ownership: 82.66%79.95% (-2.7%)

24% less capital invested

Capital invested by funds: $396M → $300M (-$96.2M)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
128
Holders Change
-2
Holders Change %
-1.54%
% of All Funds
2.04%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
13
Increased
47
Reduced
50
Closed
13
Calls
$30K
Puts
$18K
Net Calls
+$12K
Net Calls Change
-$57K
Name Holding Trade Value Shares
Change
Change in
Stake
Osaic Holdings
101
Osaic Holdings
Arizona
$78.1K +$3.18K +147 +3%
Zurich Cantonal Bank
102
Zurich Cantonal Bank
Switzerland
$60.5K
Canada Life
103
Canada Life
Manitoba, Canada
$58K +$10.5K +487 +18%
AB
104
Amalgamated Bank
New York
$37K -$10.1K -466 -18%
AIP
105
Ameritas Investment Partners
Nebraska
$27.6K
Lazard Asset Management
106
Lazard Asset Management
New York
$25K -$43.9K -2,031 -58%
TRCT
107
Tower Research Capital (TRC)
New York
$25K +$20.2K +935 +199%
Citigroup
108
Citigroup
New York
$23.4K -$110K -5,099 -79%
MLICM
109
Metropolitan Life Insurance Company (MetLife)
New York
$21.5K
DWA
110
Dorsey Wright & Associates
California
$17K -$2.27K -105 -10%
BFEC
111
Benjamin F. Edwards & Company
Missouri
$16K
QCG
112
Quadrant Capital Group
Ohio
$15K +$7.46K +345 +69%
PNC Financial Services Group
113
PNC Financial Services Group
Pennsylvania
$14.7K -$259 -12 -1%
AAS
114
Ameritas Advisory Services
Nebraska
$13.2K +$16.5K +762 New
S
115
SignatureFD
Georgia
$10.8K -$5.49K -254 -29%
ACM
116
Aquatic Capital Management
Illinois
$9K -$6.48K -300 -38%
PTC
117
Private Trust Company
Ohio
$8.88K
Fifth Third Bancorp
118
Fifth Third Bancorp
Ohio
$8.53K -$3.35K -155 -24%
US Bancorp
119
US Bancorp
Minnesota
$7.73K -$346 -16 -4%
GCM
120
Gladius Capital Management
Illinois
$5.6K -$778 -36 -10%
HI
121
Harbour Investments
Wisconsin
$4.64K
IGWM
122
ICA Group Wealth Management
Colorado
$3.96K
Carson Wealth (CWM LLC)
123
Carson Wealth (CWM LLC)
Nebraska
$1K -$281 -13 -29%
HNB
124
Huntington National Bank
Ohio
$995
PMEF
125
Point72 Middle East FZE
United Arab Emirates
$346 +$411 +19 New

IBCP Hedge Fund Activity: Q1 2023 in Review

128 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q1 2023, worth a combined $300M — down 24% from $396M a quarter earlier.

Fund positioning in IBCP was balanced in Q1 2023: 13 funds opened new positions, 13 closed out, 47 added to existing stakes and 50 trimmed.

The largest buyer was State Street, adding an estimated $2.03M. The largest seller was Invesco, cutting an estimated $4.65M.

  • 128 institutional investors held Independent Bank Corp (IBCP) as of Q1 2023, down from 130 in Q4 2022.
  • Funds reported $300M of Independent Bank Corp stock for Q1 2023, down 24% quarter-over-quarter.
  • 13 funds opened new Independent Bank Corp positions in Q1 2023 and 13 closed out, a net change of 0 holders.
  • The largest Independent Bank Corp buyer in Q1 2023 was State Street, an estimated $2.03M added.
  • The largest Independent Bank Corp seller in Q1 2023 was Invesco, an estimated $4.65M sold.

Based on aggregated 13F filings for Q1 2023.