Independent Bank Corp
IBCP
90 hedge funds and large institutions have $200M invested in Independent Bank Corp in 2014 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 26 increasing their positions, 27 reducing their positions, and 4 closing their positions.
5,675% more call options, than puts
Call options by funds: $231K | Put options by funds: $4K
425% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 4
23% more funds holding
Funds holding: 73 → 90 (+17)
12% more capital invested
Capital invested by funds: $179M → $200M (+$21.3M)
4% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 27
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$6.63M |
| 2 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$5.15M |
| 3 |
NC
Northpointe Capital
Bloomfield Hills,
Michigan
|
+$4.46M |
| 4 |
Morgan Stanley
New York
|
+$1.65M |
| 5 |
EPCA
Elizabeth Park Capital Advisors
Pepper Pike,
Ohio
|
+$1.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$9.12M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$4.63M |
| 3 |
MCM
Maltese Capital Management
New York
|
-$4.41M |
| 4 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$1.21M |
| 5 |
Renaissance Technologies
New York
|
-$963K |
IBCP Hedge Fund Activity: Q1 2014 in Review
90 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q1 2014, worth a combined $200M — up 12% from $179M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new IBCP positions and 4 closed out — a net gain of 17 holders — while 26 added to existing stakes and 27 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $6.63M. The largest seller was Basswood Capital Management, cutting an estimated $9.12M.
- 90 institutional investors held Independent Bank Corp (IBCP) as of Q1 2014, up from 73 in Q4 2013.
- Funds reported $200M of Independent Bank Corp stock for Q1 2014, up 12% quarter-over-quarter.
- 21 funds opened new Independent Bank Corp positions in Q1 2014 and 4 closed out, a net change of +17 holders.
- The largest Independent Bank Corp buyer in Q1 2014 was Wellington Management Group, an estimated $6.63M added.
- The largest Independent Bank Corp seller in Q1 2014 was Basswood Capital Management, an estimated $9.12M sold.
Based on aggregated 13F filings for Q1 2014.