Independent Bank Corp
IBCP
120 hedge funds and large institutions have $266M invested in Independent Bank Corp in 2020 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 40 increasing their positions, 41 reducing their positions, and 17 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
15% more capital invested
Capital invested by funds: $231M → $266M (+$35.3M)
0.97% more ownership
Funds ownership: 81.12% → 82.09% (+0.97%)
0% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 17
1% less funds holding
Funds holding: 121 → 120 (-1)
2% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 41
93% less call options, than puts
Call options by funds: $12K | Put options by funds: $171K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
+$2.61M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$1.79M |
| 3 |
BlackRock
New York
|
+$1.33M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$932K |
| 5 |
Charles Schwab
San Francisco,
California
|
+$884K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$1.31M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
-$949K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$885K |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$680K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$659K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MAM
126
Meeder Asset Management
Dublin,
Ohio
| – | -$142K | -11,054 | Closed |
|
127
Walleye Trading
New York
| – | -$141K | -10,950 | Closed |
|
128
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$140K | -10,890 | Closed |
|
|
WCM
129
Weld Capital Management
New York
| – | -$131K | -10,152 | Closed |
|
130
Simplex Trading
Chicago,
Illinois
| – | -$47K | -3,684 | Closed |
|
|
AIM
131
Aigen Investment Management
New York
| – | -$28K | -2,208 | Closed |
|
|
MOACM
132
Mutual of America Capital Management
New York
| – | -$28K | -2,200 | Closed |
|
|
OAM
133
Oppenheimer Asset Management
New York
| – | -$17K | -1,350 | Closed |
|
134
US Bancorp
Minneapolis,
Minnesota
| – | -$5K | -388 | Closed |
|
|
ASN
135
Advisory Services Network
Atlanta,
Georgia
| – | -$4K | -305 | Closed |
|
IBCP Hedge Fund Activity: Q2 2020 in Review
120 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q2 2020, worth a combined $266M — up 15% from $231M a quarter earlier.
Fund positioning in IBCP was balanced in Q2 2020: 17 funds opened new positions, 17 closed out, 40 added to existing stakes and 41 trimmed.
The largest buyer was Maltese Capital Management, adding an estimated $2.61M. The largest seller was Victory Capital Management, cutting an estimated $1.31M.
- 120 institutional investors held Independent Bank Corp (IBCP) as of Q2 2020, down from 121 in Q1 2020.
- Funds reported $266M of Independent Bank Corp stock for Q2 2020, up 15% quarter-over-quarter.
- 17 funds opened new Independent Bank Corp positions in Q2 2020 and 17 closed out, a net change of 0 holders.
- The largest Independent Bank Corp buyer in Q2 2020 was Maltese Capital Management, an estimated $2.61M added.
- The largest Independent Bank Corp seller in Q2 2020 was Victory Capital Management, an estimated $1.31M sold.
Based on aggregated 13F filings for Q2 2020.