Independent Bank Corp
IBCP
113 hedge funds and large institutions have $375M invested in Independent Bank Corp in 2017 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 38 increasing their positions, 43 reducing their positions, and 10 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
10% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 10
6% more capital invested
Capital invested by funds: $355M → $375M (+$20.2M)
1% more funds holding
Funds holding: 112 → 113 (+1)
0.46% more ownership
Funds ownership: 80.45% → 80.91% (+0.46%)
12% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 43
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$3.19M |
| 2 |
JP Morgan Chase
New York
|
+$1.8M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
+$1.59M |
| 4 |
BlackRock
New York
|
+$1.55M |
| 5 |
RCAMU
Rothschild & Co Asset Management US
Stamford,
Connecticut
|
+$1.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$13M |
| 2 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$948K |
| 3 |
TCIM
TIAA CREF Investment Management
New York
|
-$747K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$689K |
| 5 |
Los Angeles Capital Management
Los Angeles,
California
|
-$523K |
IBCP Hedge Fund Activity: Q2 2017 in Review
113 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q2 2017, worth a combined $375M — up 5.7% from $355M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new IBCP positions and 10 closed out — a net gain of 1 holder — while 38 added to existing stakes and 43 trimmed.
The largest buyer was State Street, adding an estimated $3.19M. The largest seller was Basswood Capital Management, cutting an estimated $13M.
- 113 institutional investors held Independent Bank Corp (IBCP) as of Q2 2017, up from 112 in Q1 2017.
- Funds reported $375M of Independent Bank Corp stock for Q2 2017, up 5.7% quarter-over-quarter.
- 11 funds opened new Independent Bank Corp positions in Q2 2017 and 10 closed out, a net change of +1 holder.
- The largest Independent Bank Corp buyer in Q2 2017 was State Street, an estimated $3.19M added.
- The largest Independent Bank Corp seller in Q2 2017 was Basswood Capital Management, an estimated $13M sold.
Based on aggregated 13F filings for Q2 2017.