Independent Bank Corp
IBCP
114 hedge funds and large institutions have $395M invested in Independent Bank Corp in 2017 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 42 increasing their positions, 31 reducing their positions, and 11 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 31
5% more capital invested
Capital invested by funds: $375M → $395M (+$19.6M)
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
1% more funds holding
Funds holding: 113 → 114 (+1)
0.78% more ownership
Funds ownership: 80.91% → 81.69% (+0.78%)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Russell Investments Group
London,
United Kingdom
|
+$2.24M |
| 2 |
RCAMU
Rothschild & Co Asset Management US
Stamford,
Connecticut
|
+$2.13M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$2.13M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
+$1.95M |
| 5 |
Millennium Management
New York
|
+$1.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
-$14.6M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$3.98M |
| 3 |
MCM
McKinley Capital Management
Anchorage,
Alaska
|
-$1.34M |
| 4 |
OAM
Oberweis Asset Management
Lisle,
Illinois
|
-$816K |
| 5 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
-$787K |
IBCP Hedge Fund Activity: Q3 2017 in Review
114 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q3 2017, worth a combined $395M — up 5.2% from $375M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new IBCP positions and 11 closed out — a net gain of 1 holder — while 42 added to existing stakes and 31 trimmed.
The largest buyer was Russell Investments Group, adding an estimated $2.24M. The largest seller was EJF Capital, cutting an estimated $14.6M.
- 114 institutional investors held Independent Bank Corp (IBCP) as of Q3 2017, up from 113 in Q2 2017.
- Funds reported $395M of Independent Bank Corp stock for Q3 2017, up 5.2% quarter-over-quarter.
- 12 funds opened new Independent Bank Corp positions in Q3 2017 and 11 closed out, a net change of +1 holder.
- The largest Independent Bank Corp buyer in Q3 2017 was Russell Investments Group, an estimated $2.24M added.
- The largest Independent Bank Corp seller in Q3 2017 was EJF Capital, an estimated $14.6M sold.
Based on aggregated 13F filings for Q3 2017.