Independent Bank Corp
IBCP
117 hedge funds and large institutions have $219M invested in Independent Bank Corp in 2020 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 34 increasing their positions, 47 reducing their positions, and 15 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2.27% less ownership
Funds ownership: 82.09% → 79.82% (-2.3%)
3% less funds holding
Funds holding: 120 → 117 (-3)
18% less capital invested
Capital invested by funds: $266M → $219M (-$46.8M)
20% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 15
28% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 47
98% less call options, than puts
Call options by funds: $7K | Put options by funds: $294K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
FJ Capital Management
Mclean,
Virginia
|
+$3.55M |
| 2 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$1.83M |
| 3 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$1.37M |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
+$1.02M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$786K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Russell Investments Group
London,
United Kingdom
|
-$6.48M |
| 2 |
BlackRock
New York
|
-$1.35M |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
-$1.17M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
-$1.04M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RA
126
Royce & Associates
New York
| – | -$39K | -2,628 | Closed |
|
|
PAG
127
Private Advisor Group
Morristown,
New Jersey
| – | -$8K | -534 | Closed |
|
128
Rockefeller Capital Management
New York
| – | -$5K | -306 | Closed |
|
|
PIMG
129
Patriot Investment Management Group
Knoxville,
Tennessee
| – | -$3.06K | -206 | Closed |
|
|
GT
130
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$2K | -169 | Closed |
|
|
EI
131
Ellevest Inc
New York
| – | -$1K | -75 | Closed |
|
IBCP Hedge Fund Activity: Q3 2020 in Review
117 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q3 2020, worth a combined $219M — down 18% from $266M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of IBCP and 12 opened new positions — a net loss of 3 holders — while 47 trimmed existing stakes and 34 added.
The largest buyer was FJ Capital Management, adding an estimated $3.55M. The largest seller was Russell Investments Group, cutting an estimated $6.48M.
- 117 institutional investors held Independent Bank Corp (IBCP) as of Q3 2020, down from 120 in Q2 2020.
- Funds reported $219M of Independent Bank Corp stock for Q3 2020, down 18% quarter-over-quarter.
- 12 funds opened new Independent Bank Corp positions in Q3 2020 and 15 closed out, a net change of -3 holders.
- The largest Independent Bank Corp buyer in Q3 2020 was FJ Capital Management, an estimated $3.55M added.
- The largest Independent Bank Corp seller in Q3 2020 was Russell Investments Group, an estimated $6.48M sold.
Based on aggregated 13F filings for Q3 2020.