Independent Bank Corp
IBCP
126 hedge funds and large institutions have $388M invested in Independent Bank Corp in 2017 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 47 increasing their positions, 37 reducing their positions, and 11 closing their positions.
109% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 11
27% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 37
11% more funds holding
Funds holding: 114 → 126 (+12)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.36% less ownership
Funds ownership: 81.69% → 81.33% (-0.36%)
2% less capital invested
Capital invested by funds: $395M → $388M (-$7.02M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$6.01M |
| 2 |
Morgan Stanley
New York
|
+$4.85M |
| 3 |
BlackRock
New York
|
+$3.6M |
| 4 |
BCM
Basswood Capital Management
New York
|
+$3.05M |
| 5 |
MCM
Maltese Capital Management
New York
|
+$2.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
-$17M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$10.7M |
| 3 |
CP
Clover Partners
Dallas,
Texas
|
-$7.5M |
| 4 |
NFA
Nationwide Fund Advisors
Columbus,
Ohio
|
-$2.24M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$1.43M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
UOTTAIMCU
126
University of Texas/Texas AM Investment Management Co (UTIMCO)
Austin,
Texas
| $1K | +$1.13K | +50 | New |
|
|
EC
127
EJF Capital
Arlington,
Virginia
| – | -$17M | -750,000 | Closed |
|
|
NFA
128
Nationwide Fund Advisors
Columbus,
Ohio
| – | -$2.24M | -98,860 | Closed |
|
129
Norges Bank
Oslo,
Norway
| – | -$314K | -13,842 | Closed |
|
|
VF
130
Virtu Financial
New York
| – | -$298K | -13,176 | Closed |
|
|
ZIM
131
Zacks Investment Management
Chicago,
Illinois
| – | -$257K | -11,359 | Closed |
|
|
DIA
132
Denver Investment Advisors
Denver,
Colorado
| – | -$311K | -7,293 | Closed |
|
133
SG Americas Securities
New York
| – | -$149K | -6,562 | Closed |
|
|
PCM
134
Prelude Capital Management
New York
| – | -$136K | -6,000 | Closed |
|
|
OAM
135
Oppenheimer Asset Management
New York
| – | -$74K | -3,267 | Closed |
|
136
Simplex Trading
Chicago,
Illinois
| – | -$6K | -309 | Closed |
|
IBCP Hedge Fund Activity: Q4 2017 in Review
126 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q4 2017, worth a combined $388M — down 1.8% from $395M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new IBCP positions and 11 closed out — a net gain of 12 holders — while 47 added to existing stakes and 37 trimmed.
The largest buyer was Millennium Management, adding an estimated $6.01M. The largest seller was EJF Capital, exiting entirely with an estimated $17M sold.
- 126 institutional investors held Independent Bank Corp (IBCP) as of Q4 2017, up from 114 in Q3 2017.
- Funds reported $388M of Independent Bank Corp stock for Q4 2017, down 1.8% quarter-over-quarter.
- 23 funds opened new Independent Bank Corp positions in Q4 2017 and 11 closed out, a net change of +12 holders.
- The largest Independent Bank Corp buyer in Q4 2017 was Millennium Management, an estimated $6.01M added.
- The largest Independent Bank Corp seller in Q4 2017 was EJF Capital, an estimated $17M sold.
Based on aggregated 13F filings for Q4 2017.