Independent Bank Corp
IBCP
113 hedge funds and large institutions have $308M invested in Independent Bank Corp in 2023 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 40 increasing their positions, 41 reducing their positions, and 12 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
7% more capital invested
Capital invested by funds: $287M → $308M (+$21.3M)
0.2% more ownership
Funds ownership: 79.98% → 80.19% (+0.2%)
2% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 41
5% less funds holding
Funds holding: 119 → 113 (-6)
42% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$1.67M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.45M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$879K |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$869K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$455K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$1.45M |
| 2 |
JP Morgan Chase
New York
|
-$813K |
| 3 |
Goldman Sachs
New York
|
-$781K |
| 4 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$726K |
| 5 |
MCM
Maltese Capital Management
New York
|
-$713K |
IBCP Hedge Fund Activity: Q3 2023 in Review
113 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q3 2023, worth a combined $308M — up 7.4% from $287M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of IBCP and 7 opened new positions — a net loss of 5 holders — while 41 trimmed existing stakes and 40 added.
The largest buyer was Fidelity Investments, adding an estimated $1.67M. The largest seller was Bank of Montreal, exiting entirely with an estimated $1.45M sold.
- 113 institutional investors held Independent Bank Corp (IBCP) as of Q3 2023, down from 119 in Q2 2023.
- Funds reported $308M of Independent Bank Corp stock for Q3 2023, up 7.4% quarter-over-quarter.
- 7 funds opened new Independent Bank Corp positions in Q3 2023 and 12 closed out, a net change of -5 holders.
- The largest Independent Bank Corp buyer in Q3 2023 was Fidelity Investments, an estimated $1.67M added.
- The largest Independent Bank Corp seller in Q3 2023 was Bank of Montreal, an estimated $1.45M sold.
Based on aggregated 13F filings for Q3 2023.