Independent Bank Corp
IBCP
91 hedge funds and large institutions have $268M invested in Independent Bank Corp in 2015 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 39 increasing their positions, 27 reducing their positions, and 9 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
44% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 27
9% more capital invested
Capital invested by funds: $246M → $268M (+$21.7M)
0% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 9
1% less funds holding
Funds holding: 92 → 91 (-1)
60% less call options, than puts
Call options by funds: $327K | Put options by funds: $808K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CP
Clover Partners
Dallas,
Texas
|
+$4.85M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$3.68M |
| 3 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$2.01M |
| 4 |
CCM
Castine Capital Management
Boston,
Massachusetts
|
+$1.95M |
| 5 |
JP Morgan Chase
New York
|
+$1.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
-$7.94M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$4.13M |
| 3 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$2.76M |
| 4 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$2.24M |
| 5 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
-$969K |
IBCP Hedge Fund Activity: Q3 2015 in Review
91 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q3 2015, worth a combined $268M — up 8.8% from $246M a quarter earlier.
Fund positioning in IBCP was balanced in Q3 2015: 9 funds opened new positions, 9 closed out, 39 added to existing stakes and 27 trimmed.
The largest buyer was Clover Partners, adding an estimated $4.85M. The largest seller was Maltese Capital Management, cutting an estimated $7.94M.
- 91 institutional investors held Independent Bank Corp (IBCP) as of Q3 2015, down from 92 in Q2 2015.
- Funds reported $268M of Independent Bank Corp stock for Q3 2015, up 8.8% quarter-over-quarter.
- 9 funds opened new Independent Bank Corp positions in Q3 2015 and 9 closed out, a net change of 0 holders.
- The largest Independent Bank Corp buyer in Q3 2015 was Clover Partners, an estimated $4.85M added.
- The largest Independent Bank Corp seller in Q3 2015 was Maltese Capital Management, an estimated $7.94M sold.
Based on aggregated 13F filings for Q3 2015.