Independent Bank Corp
IBCP
132 hedge funds and large institutions have $449M invested in Independent Bank Corp in 2023 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 45 increasing their positions, 45 reducing their positions, and 3 closing their positions.
633% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 3
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
46% more capital invested
Capital invested by funds: $308M → $449M (+$141M)
17% more funds holding
Funds holding: 113 → 132 (+19)
2.6% more ownership
Funds ownership: 80.19% → 82.79% (+2.6%)
0% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 45
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$7.17M |
| 2 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
+$3.01M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$1.98M |
| 4 |
Millennium Management
New York
|
+$1.37M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$3.49M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.85M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$1.25M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$873K |
| 5 |
Renaissance Technologies
New York
|
-$832K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HI
126
Harbour Investments
Madison,
Wisconsin
| $6.79K | – | – | – |
|
127
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $6K | +$3.63K | +170 | +274% |
|
|
IGWM
128
ICA Group Wealth Management
Denver,
Colorado
| $5.8K | +$4.76K | +223 | New |
|
|
NC
129
NewSquare Capital
Newtown Square,
Pennsylvania
| $2.6K | +$2.13K | +100 | New |
|
|
SFA
130
Semmax Financial Advisors
Winston Salem,
North Carolina
| $1.4K | – | – | – |
|
|
C
131
Covestor
London,
United Kingdom
| $1K | -$576 | -27 | -36% |
|
132
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $963 | – | – | – |
|
|
133
Assenagon Asset Management
Senningerberg,
Luxembourg
| – | -$3.49M | -190,556 | Closed |
|
|
SGI
134
Summit Global Investments
Bountiful,
Utah
| – | -$275K | -15,005 | Closed |
|
|
GCM
135
Gladius Capital Management
Chicago,
Illinois
| – | -$4.22K | -230 | Closed |
|
IBCP Hedge Fund Activity: Q4 2023 in Review
132 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q4 2023, worth a combined $449M — up 46% from $308M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new IBCP positions and 3 closed out — a net gain of 19 holders — while 45 added to existing stakes and 45 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $7.17M. The largest seller was Assenagon Asset Management, exiting entirely with an estimated $3.49M sold.
- 132 institutional investors held Independent Bank Corp (IBCP) as of Q4 2023, up from 113 in Q3 2023.
- Funds reported $449M of Independent Bank Corp stock for Q4 2023, up 46% quarter-over-quarter.
- 22 funds opened new Independent Bank Corp positions in Q4 2023 and 3 closed out, a net change of +19 holders.
- The largest Independent Bank Corp buyer in Q4 2023 was Morgan Stanley, an estimated $7.17M added.
- The largest Independent Bank Corp seller in Q4 2023 was Assenagon Asset Management, an estimated $3.49M sold.
Based on aggregated 13F filings for Q4 2023.