Independent Bank Corp
IBCP
99 hedge funds and large institutions have $220M invested in Independent Bank Corp in 2014 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 35 increasing their positions, 27 reducing their positions, and 11 closing their positions.
2,041% more call options, than puts
Call options by funds: $364K | Put options by funds: $17K
82% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 11
30% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 27
10% more funds holding
Funds holding: 90 → 99 (+9)
7% more capital invested
Capital invested by funds: $206M → $220M (+$14.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$5.53M |
| 2 |
EC
EJF Capital
Arlington,
Virginia
|
+$4.84M |
| 3 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
+$3.42M |
| 4 |
State Street
Boston,
Massachusetts
|
+$2.49M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$2.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
-$3.59M |
| 2 |
NC
Northpointe Capital
Bloomfield Hills,
Michigan
|
-$3.15M |
| 3 |
NFA
Nationwide Fund Advisors
Columbus,
Ohio
|
-$1.74M |
| 4 |
ERSOT
Employees Retirement System of Texas
Austin,
Texas
|
-$1.46M |
| 5 |
BCMU
BlueCrest Capital Management (UK)
St. Peter Port,
Guernsey
|
-$796K |
IBCP Hedge Fund Activity: Q2 2014 in Review
99 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q2 2014, worth a combined $220M — up 7% from $206M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new IBCP positions and 11 closed out — a net gain of 9 holders — while 35 added to existing stakes and 27 trimmed.
The largest buyer was BlackRock Fund Advisors, adding an estimated $5.53M. The largest seller was Castine Capital Management, exiting entirely with an estimated $3.59M sold.
- 99 institutional investors held Independent Bank Corp (IBCP) as of Q2 2014, up from 90 in Q1 2014.
- Funds reported $220M of Independent Bank Corp stock for Q2 2014, up 7% quarter-over-quarter.
- 20 funds opened new Independent Bank Corp positions in Q2 2014 and 11 closed out, a net change of +9 holders.
- The largest Independent Bank Corp buyer in Q2 2014 was BlackRock Fund Advisors, an estimated $5.53M added.
- The largest Independent Bank Corp seller in Q2 2014 was Castine Capital Management, an estimated $3.59M sold.
Based on aggregated 13F filings for Q2 2014.