Independent Bank Corp
IBCP
121 hedge funds and large institutions have $231M invested in Independent Bank Corp in 2020 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 41 increasing their positions, 46 reducing their positions, and 20 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.47% less ownership
Funds ownership: 81.59% → 81.12% (-0.47%)
6% less funds holding
Funds holding: 129 → 121 (-8)
11% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 46
30% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 20
44% less capital invested
Capital invested by funds: $415M → $231M (-$185M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
FJ Capital Management
Mclean,
Virginia
|
+$10.2M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
+$4.53M |
| 3 |
BlackRock
New York
|
+$2.14M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$2.1M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$1.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAM
Jacobs Asset Management
New York
|
-$7.51M |
| 2 |
Millennium Management
New York
|
-$7.13M |
| 3 |
PCA
PL Capital Advisors
Naples,
Florida
|
-$4.99M |
| 4 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$3.4M |
| 5 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$2.21M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Squarepoint
New York
| – | -$722K | -31,876 | Closed |
|
|
CCIA
127
Campbell & Co Investment Adviser
Baltimore,
Maryland
| – | -$697K | -30,791 | Closed |
|
|
CEP
128
Chicago Equity Partners
Chicago,
Illinois
| – | -$448K | -19,793 | Closed |
|
|
RIA
129
Regal Investment Advisors
Kentwood,
Michigan
| – | -$344K | -15,193 | Closed |
|
|
ECM
130
ExodusPoint Capital Management
New York
| – | -$306K | -13,495 | Closed |
|
|
AG
131
Algert Global
San Francisco,
California
| – | -$252K | -11,104 | Closed |
|
132
Walleye Capital
New York
| – | -$224K | -9,876 | Closed |
|
|
JG
133
Jefferies Group
New York
| – | -$217K | -9,596 | Closed |
|
|
TRCT
134
Tower Research Capital (TRC)
New York
| – | -$19K | -838 | Closed |
|
|
DWA
135
Dorsey Wright & Associates
Pasadena,
California
| – | -$13K | -584 | Closed |
|
136
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$2K | -89 | Closed |
|
|
FHA
137
First Horizon Advisors
Memphis,
Tennessee
| – | +$640 | +33 | +75% |
|
IBCP Hedge Fund Activity: Q1 2020 in Review
121 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q1 2020, worth a combined $231M — down 44% from $415M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of IBCP and 14 opened new positions — a net loss of 6 holders — while 46 trimmed existing stakes and 41 added.
The largest buyer was FJ Capital Management, adding an estimated $10.2M. The largest seller was Jacobs Asset Management, exiting entirely with an estimated $7.51M sold.
- 121 institutional investors held Independent Bank Corp (IBCP) as of Q1 2020, down from 129 in Q4 2019.
- Funds reported $231M of Independent Bank Corp stock for Q1 2020, down 44% quarter-over-quarter.
- 14 funds opened new Independent Bank Corp positions in Q1 2020 and 20 closed out, a net change of -6 holders.
- The largest Independent Bank Corp buyer in Q1 2020 was FJ Capital Management, an estimated $10.2M added.
- The largest Independent Bank Corp seller in Q1 2020 was Jacobs Asset Management, an estimated $7.51M sold.
Based on aggregated 13F filings for Q1 2020.