Independent Bank Corp
IBCP
136 hedge funds and large institutions have $404M invested in Independent Bank Corp in 2019 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 49 increasing their positions, 50 reducing their positions, and 22 closing their positions.
13,000% more call options, than puts
Call options by funds: $262K | Put options by funds: $2K
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
2% more capital invested
Capital invested by funds: $396M → $404M (+$8.09M)
0.49% more ownership
Funds ownership: 79.04% → 79.54% (+0.49%)
2% less repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 50
7% less funds holding
Funds holding: 146 → 136 (-10)
41% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$5.46M |
| 2 |
PCA
PL Capital Advisors
Naples,
Florida
|
+$4.49M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
+$4.17M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
+$3.66M |
| 5 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$2.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Man Group
London,
United Kingdom
|
-$7.49M |
| 2 |
BlackRock
New York
|
-$5.56M |
| 3 |
RCAMU
Rothschild & Co Asset Management US
Stamford,
Connecticut
|
-$4.51M |
| 4 |
Parallax Volatility Advisers
San Francisco,
California
|
-$3.42M |
| 5 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RQS
151
Ramsey Quantitative Systems
Louisville,
Kentucky
| – | -$88K | -4,200 | Closed |
|
|
TSW
152
Thompson Siegel & Walmsley
Richmond,
Virginia
| – | -$38K | -1,800 | Closed |
|
153
Macquarie Group
Sydney, NSW 2000,
Australia
| – | -$28K | -1,329 | Closed |
|
|
IA
154
IFP Advisors
Tampa,
Florida
| – | -$14K | -657 | Closed |
|
|
JA
155
JOYN Advisors
Atlanta,
Georgia
| – | -$3K | -120 | Closed |
|
|
CC
156
Claybrook Capital
Wellesley,
Massachusetts
| – | -$2K | -100 | Closed |
|
|
WDL
157
Well Done LLC
Holland,
Michigan
| – | -$2K | -100 | Closed |
|
IBCP Hedge Fund Activity: Q1 2019 in Review
136 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q1 2019, worth a combined $404M — up 2% from $396M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of IBCP and 13 opened new positions — a net loss of 9 holders — while 50 trimmed existing stakes and 49 added.
The largest buyer was Grantham, Mayo, Van Otterloo & Co (GMO), opening a new position worth an estimated $5.46M. The largest seller was Man Group, cutting an estimated $7.49M.
- 136 institutional investors held Independent Bank Corp (IBCP) as of Q1 2019, down from 146 in Q4 2018.
- Funds reported $404M of Independent Bank Corp stock for Q1 2019, up 2% quarter-over-quarter.
- 13 funds opened new Independent Bank Corp positions in Q1 2019 and 22 closed out, a net change of -9 holders.
- The largest Independent Bank Corp buyer in Q1 2019 was Grantham, Mayo, Van Otterloo & Co (GMO), an estimated $5.46M added.
- The largest Independent Bank Corp seller in Q1 2019 was Man Group, an estimated $7.49M sold.
Based on aggregated 13F filings for Q1 2019.