Independent Bank Corp
IBCP
85 hedge funds and large institutions have $225M invested in Independent Bank Corp in 2014 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 32 increasing their positions, 24 reducing their positions, and 8 closing their positions.
539% more call options, than puts
Call options by funds: $294K | Put options by funds: $46K
33% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 24
12% more capital invested
Capital invested by funds: $201M → $225M (+$23.9M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less funds holding
Funds holding: 89 → 85 (-4)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
+$3.05M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$2.33M |
| 3 |
EC
EJF Capital
Arlington,
Virginia
|
+$2.33M |
| 4 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$2.11M |
| 5 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$1.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NC
Northpointe Capital
Bloomfield Hills,
Michigan
|
-$6.47M |
| 2 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
-$1.92M |
| 3 |
APCM
Arbiter Partners Capital Management
New York
|
-$608K |
| 4 |
HAI
Hennessy Advisors Inc
Novato,
California
|
-$536K |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$499K |
IBCP Hedge Fund Activity: Q4 2014 in Review
85 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q4 2014, worth a combined $225M — up 12% from $201M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of IBCP and 5 opened new positions — a net loss of 3 holders — while 24 trimmed existing stakes and 32 added.
The largest buyer was Maltese Capital Management, adding an estimated $3.05M. The largest seller was Northpointe Capital, exiting entirely with an estimated $6.47M sold.
- 85 institutional investors held Independent Bank Corp (IBCP) as of Q4 2014, down from 89 in Q3 2014.
- Funds reported $225M of Independent Bank Corp stock for Q4 2014, up 12% quarter-over-quarter.
- 5 funds opened new Independent Bank Corp positions in Q4 2014 and 8 closed out, a net change of -3 holders.
- The largest Independent Bank Corp buyer in Q4 2014 was Maltese Capital Management, an estimated $3.05M added.
- The largest Independent Bank Corp seller in Q4 2014 was Northpointe Capital, an estimated $6.47M sold.
Based on aggregated 13F filings for Q4 2014.