Independent Bank Corp
IBCP
91 hedge funds and large institutions have $270M invested in Independent Bank Corp in 2015 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 30 increasing their positions, 29 reducing their positions, and 12 closing their positions.
23% more call options, than puts
Call options by funds: $445K | Put options by funds: $363K
1.58% more ownership
Funds ownership: 81.36% → 82.94% (+1.6%)
3% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 29
0% more funds holding
Funds holding: 91 → 91 (0)
0% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 12
20% less capital inflows, than outflows
Capital inflows: $24.8M | Capital outflows: $31.1M
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
+$8.74M |
| 2 |
Endeavour Capital Advisors
Greenwich,
Connecticut
|
+$3.45M |
| 3 |
Panagora Asset Management
Boston,
Massachusetts
|
+$2.65M |
| 4 |
Clover Partners
Dallas,
Texas
|
+$1.36M |
| 5 |
Renaissance Technologies
New York
|
+$1.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$15.7M |
| 2 |
Maltese Capital Management
New York
|
-$2.5M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$1.65M |
| 4 |
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$1.39M |
| 5 |
Basswood Capital Management
New York
|
-$1.37M |
IBCP Hedge Fund Activity: Q4 2015 in Review
91 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q4 2015, worth a combined $270M — up 0.85% from $268M a quarter earlier.
Fund positioning in IBCP was balanced in Q4 2015: 12 funds opened new positions, 12 closed out, 30 added to existing stakes and 29 trimmed.
The largest buyer was THB Asset Management, opening a new position worth an estimated $8.74M. The largest seller was Wellington Management Group, cutting an estimated $15.7M.
- 91 institutional investors held Independent Bank Corp (IBCP) as of Q4 2015, unchanged from Q3 2015.
- Funds reported $270M of Independent Bank Corp stock for Q4 2015, up 0.85% quarter-over-quarter.
- 12 funds opened new Independent Bank Corp positions in Q4 2015 and 12 closed out, a net change of 0 holders.
- The largest Independent Bank Corp buyer in Q4 2015 was THB Asset Management, an estimated $8.74M added.
- The largest Independent Bank Corp seller in Q4 2015 was Wellington Management Group, an estimated $15.7M sold.
Based on aggregated 13F filings for Q4 2015.