Independent Bank Corp
IBCP
73 hedge funds and large institutions have $184M invested in Independent Bank Corp in 2013 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 29 increasing their positions, 16 reducing their positions, and 12 closing their positions.
2,467% more call options, than puts
Call options by funds: $154K | Put options by funds: $6K
115% more capital inflows, than outflows
Capital inflows: $32.5M | Capital outflows: $15.1M
81% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 16
50% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 12
7% more funds holding
Funds holding: 68 → 73 (+5)
6.37% more ownership
Funds ownership: 60.33% → 66.7% (+6.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$4.96M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$2.93M |
| 3 |
Basswood Capital Management
New York
|
+$2.16M |
| 4 |
Employees Retirement System of Texas
Austin,
Texas
|
+$1.88M |
| 5 |
Renaissance Technologies
New York
|
+$1.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Maltese Capital Management
New York
|
-$2.39M |
| 2 |
FSI Group
Cincinnati,
Ohio
|
-$2.16M |
| 3 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$1.96M |
| 4 |
Bogle Investment Management
Newton Lower Falls,
Massachusetts
|
-$1.51M |
| 5 |
SCM
Schneider Capital Management
Berwyn,
Pennsylvania
|
-$1.35M |
IBCP Hedge Fund Activity: Q4 2013 in Review
73 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q4 2013, worth a combined $184M — up 33% from $138M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new IBCP positions and 12 closed out — a net gain of 6 holders — while 29 added to existing stakes and 16 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $4.96M. The largest seller was Maltese Capital Management, cutting an estimated $2.39M.
- 73 institutional investors held Independent Bank Corp (IBCP) as of Q4 2013, up from 68 in Q3 2013.
- Funds reported $184M of Independent Bank Corp stock for Q4 2013, up 33% quarter-over-quarter.
- 18 funds opened new Independent Bank Corp positions in Q4 2013 and 12 closed out, a net change of +6 holders.
- The largest Independent Bank Corp buyer in Q4 2013 was Fidelity Investments, an estimated $4.96M added.
- The largest Independent Bank Corp seller in Q4 2013 was Maltese Capital Management, an estimated $2.39M sold.
Based on aggregated 13F filings for Q4 2013.