Independent Bank Corp
IBCP
133 hedge funds and large institutions have $410M invested in Independent Bank Corp in 2021 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 47 increasing their positions, 43 reducing their positions, and 6 closing their positions.
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
27% more capital invested
Capital invested by funds: $322M → $410M (+$88.4M)
15% more call options, than puts
Call options by funds: $544K | Put options by funds: $475K
6% more funds holding
Funds holding: 126 → 133 (+7)
9% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 43
0.23% more ownership
Funds ownership: 79.36% → 79.58% (+0.23%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$6.07M |
| 2 |
State Street
Boston,
Massachusetts
|
+$3.38M |
| 3 |
JP Morgan Chase
New York
|
+$1.83M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
+$1.32M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
-$6.37M |
| 2 |
Renaissance Technologies
New York
|
-$2.6M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$1.62M |
| 4 |
Millennium Management
New York
|
-$1.32M |
| 5 |
Man Group
London,
United Kingdom
|
-$1.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SFA
126
Semmax Financial Advisors
Winston Salem,
North Carolina
| $1K | – | – | – |
|
|
LC
127
Lindbrook Capital
Calabasas,
California
| $1K | +$762 | +36 | New |
|
|
PA
128
Parallel Advisors
San Francisco,
California
| $1K | +$783 | +37 | New |
|
|
SWM
129
Spire Wealth Management
Mclean,
Virginia
| $1K | +$1.08K | +51 | New |
|
|
MAM
130
Meeder Asset Management
Dublin,
Ohio
| $1K | +$1.4K | +66 | New |
|
|
AIG
131
American International Group
New York
| $291 | +$678 | +32 | +0.3% |
|
132
Nisa Investment Advisors
St. Louis,
Missouri
| $97 | – | – | – |
|
|
133
Millennium Management
New York
| – | -$1.32M | -71,340 | Closed |
|
|
134
Man Group
London,
United Kingdom
| – | -$1.2M | -64,722 | Closed |
|
|
RIA
135
Regal Investment Advisors
Kentwood,
Michigan
| – | -$204K | -11,029 | Closed |
|
|
CAAS
136
Capital Asset Advisory Services
Williamston,
Michigan
| – | -$71K | -3,844 | Closed |
|
|
CCA
137
Childress Capital Advisors
Houston,
Texas
| – | -$4K | -202 | Closed |
|
|
PWPS
138
Pinnacle Wealth Planning Services
Mansfield,
Ohio
| – | -$3K | -169 | Closed |
|
IBCP Hedge Fund Activity: Q1 2021 in Review
133 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q1 2021, worth a combined $410M — up 27% from $322M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new IBCP positions and 6 closed out — a net gain of 8 holders — while 47 added to existing stakes and 43 trimmed.
The largest buyer was BlackRock, adding an estimated $6.07M. The largest seller was Maltese Capital Management, cutting an estimated $6.37M.
- 133 institutional investors held Independent Bank Corp (IBCP) as of Q1 2021, up from 126 in Q4 2020.
- Funds reported $410M of Independent Bank Corp stock for Q1 2021, up 27% quarter-over-quarter.
- 14 funds opened new Independent Bank Corp positions in Q1 2021 and 6 closed out, a net change of +8 holders.
- The largest Independent Bank Corp buyer in Q1 2021 was BlackRock, an estimated $6.07M added.
- The largest Independent Bank Corp seller in Q1 2021 was Maltese Capital Management, an estimated $6.37M sold.
Based on aggregated 13F filings for Q1 2021.