Independent Bank Corp
IBCP
105 hedge funds and large institutions have $277M invested in Independent Bank Corp in 2016 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 44 increasing their positions, 28 reducing their positions, and 9 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 28
14% more capital invested
Capital invested by funds: $243M → $277M (+$34.2M)
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
0% more funds holding
Funds holding: 105 → 105 (0)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Numeric Investors
Boston,
Massachusetts
|
+$4.65M |
| 2 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$4.41M |
| 3 |
Renaissance Technologies
New York
|
+$1.23M |
| 4 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
+$1.2M |
| 5 |
State Street
Boston,
Massachusetts
|
+$990K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECA
Endeavour Capital Advisors
Greenwich,
Connecticut
|
-$7.83M |
| 2 |
JAM
Jacobs Asset Management
New York
|
-$3.24M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$2.34M |
| 4 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$1.81M |
| 5 |
EA
Emerald Acquisition
Seattle,
Washington
|
-$1.18M |
IBCP Hedge Fund Activity: Q3 2016 in Review
105 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q3 2016, worth a combined $277M — up 14% from $243M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new IBCP positions and 9 closed out — a net gain of 1 holder — while 44 added to existing stakes and 28 trimmed.
The largest buyer was Numeric Investors, adding an estimated $4.65M. The largest seller was Endeavour Capital Advisors, exiting entirely with an estimated $7.83M sold.
- 105 institutional investors held Independent Bank Corp (IBCP) as of Q3 2016, unchanged from Q2 2016.
- Funds reported $277M of Independent Bank Corp stock for Q3 2016, up 14% quarter-over-quarter.
- 10 funds opened new Independent Bank Corp positions in Q3 2016 and 9 closed out, a net change of +1 holder.
- The largest Independent Bank Corp buyer in Q3 2016 was Numeric Investors, an estimated $4.65M added.
- The largest Independent Bank Corp seller in Q3 2016 was Endeavour Capital Advisors, an estimated $7.83M sold.
Based on aggregated 13F filings for Q3 2016.