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Independent Bank Corp

132 hedge funds and large institutions have $449M invested in Independent Bank Corp in 2023 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 45 increasing their positions, 45 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

633% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 3

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

46% more capital invested

Capital invested by funds: $308M → $449M (+$141M)

17% more funds holding

Funds holding: 113132 (+19)

2.6% more ownership

Funds ownership: 80.19%82.79% (+2.6%)

0% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 45

Holders
132
Holders Change
+19
Holders Change %
+16.81%
% of All Funds
1.92%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
22
Increased
45
Reduced
45
Closed
3
Calls
$2K
Puts
Net Calls
+$2K
Net Calls Change
-$31K
Name Holding Trade Value Shares
Change
Change in
Stake
New York State Common Retirement Fund
101
New York State Common Retirement Fund
New York
$195K +$107 +5 +0.1%
Wells Fargo
102
Wells Fargo
California
$164K +$27.9K +1,307 +26%
Lazard Asset Management
103
Lazard Asset Management
New York
$152K +$88.7K +4,159 +245%
TRCT
104
Tower Research Capital (TRC)
New York
$140K -$127K -5,963 -53%
DA
105
Denali Advisors
California
$138K +$113K +5,300 New
Osaic Holdings
106
Osaic Holdings
Arizona
$131K -$12.8K -598 -11%
Nisa Investment Advisors
107
Nisa Investment Advisors
Missouri
$98.4K -$19.2K -900 -19%
Zurich Cantonal Bank
108
Zurich Cantonal Bank
Switzerland
$88.6K
A
109
AlphaQuest
New York
$79K +$64.8K +3,035 New
Canada Life
110
Canada Life
Manitoba, Canada
$62K -$2.11K -99 -4%
Fifth Third Bancorp
111
Fifth Third Bancorp
Ohio
$53.6K +$36.9K +1,730 +524%
QCG
112
Quadrant Capital Group
Ohio
$53.2K +$13.8K +648 +46%
MCM
113
Maltese Capital Management
New York
$52K +$42.7K +2,000 New
AIP
114
Ameritas Investment Partners
Nebraska
$51.9K
AB
115
Amalgamated Bank
New York
$46K -$4.46K -209 -10%
A
116
AJOVista
Massachusetts
$37.8K +$31K +1,454 New
MLICM
117
Metropolitan Life Insurance Company (MetLife)
New York
$31.5K
ACM
118
Aquatic Capital Management
Illinois
$29K +$23.5K +1,100 New
CAM
119
Clarity Asset Management
Iowa
$27.7K +$22.7K +1,063 New
BFEC
120
Benjamin F. Edwards & Company
Missouri
$24K +$19.3K +905 New
HNB
121
Huntington National Bank
Ohio
$22.3K
IA
122
IFP Advisors
Florida
$22.2K +$9.39K +440 +107%
PTC
123
Private Trust Company
Ohio
$18.2K
US Bancorp
124
US Bancorp
Minnesota
$14.3K +$2.13K +100 +22%
SA
125
Scarborough Advisors
Maryland
$12.4K +$10.1K +475 New

IBCP Hedge Fund Activity: Q4 2023 in Review

132 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q4 2023, worth a combined $449M — up 46% from $308M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new IBCP positions and 3 closed out — a net gain of 19 holders — while 45 added to existing stakes and 45 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $7.17M. The largest seller was Assenagon Asset Management, exiting entirely with an estimated $3.49M sold.

  • 132 institutional investors held Independent Bank Corp (IBCP) as of Q4 2023, up from 113 in Q3 2023.
  • Funds reported $449M of Independent Bank Corp stock for Q4 2023, up 46% quarter-over-quarter.
  • 22 funds opened new Independent Bank Corp positions in Q4 2023 and 3 closed out, a net change of +19 holders.
  • The largest Independent Bank Corp buyer in Q4 2023 was Morgan Stanley, an estimated $7.17M added.
  • The largest Independent Bank Corp seller in Q4 2023 was Assenagon Asset Management, an estimated $3.49M sold.

Based on aggregated 13F filings for Q4 2023.