Independent Bank Corp
IBCP
108 hedge funds and large institutions have $369M invested in Independent Bank Corp in 2016 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 50 increasing their positions, 26 reducing their positions, and 9 closing their positions.
92% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 26
80.09% more ownership
Funds ownership: 0% → 80.09% (+80%)
44% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 9
33% more capital invested
Capital invested by funds: $277M → $369M (+$92.5M)
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
3% more funds holding
Funds holding: 105 → 108 (+3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$3.41M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$2.99M |
| 3 |
JP Morgan Chase
New York
|
+$2.32M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$1.83M |
| 5 |
Morgan Stanley
New York
|
+$1.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CP
Clover Partners
Dallas,
Texas
|
-$5.58M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$5.36M |
| 3 |
JAM
Jacobs Asset Management
New York
|
-$2.69M |
| 4 |
MCM
Maltese Capital Management
New York
|
-$1.06M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
-$1.05M |
IBCP Hedge Fund Activity: Q4 2016 in Review
108 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q4 2016, worth a combined $369M — up 33% from $277M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new IBCP positions and 9 closed out — a net gain of 4 holders — while 50 added to existing stakes and 26 trimmed.
The largest buyer was BlackRock Institutional Trust, adding an estimated $3.41M. The largest seller was Clover Partners, cutting an estimated $5.58M.
- 108 institutional investors held Independent Bank Corp (IBCP) as of Q4 2016, up from 105 in Q3 2016.
- Funds reported $369M of Independent Bank Corp stock for Q4 2016, up 33% quarter-over-quarter.
- 13 funds opened new Independent Bank Corp positions in Q4 2016 and 9 closed out, a net change of +4 holders.
- The largest Independent Bank Corp buyer in Q4 2016 was BlackRock Institutional Trust, an estimated $3.41M added.
- The largest Independent Bank Corp seller in Q4 2016 was Clover Partners, an estimated $5.58M sold.
Based on aggregated 13F filings for Q4 2016.