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Independent Bank Corp
IBCP

126 hedge funds and large institutions have $388M invested in Independent Bank Corp in 2017 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 47 increasing their positions, 37 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

109% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 11

27% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 37

11% more funds holding

Funds holding: 114 → 126 (+12)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

0.36% less ownership

Funds ownership: 81.69% → 81.33% (-0.36%)

2% less capital invested

Capital invested by funds: $395M → $388M (-$7.02M)

Holders
126
Holders Change
+12
Holders Change %
+10.53%
% of All Funds
2.86%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
23
Increased
47
Reduced
37
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$6.01M
2
Morgan Stanley
Morgan Stanley
New York
+$4.85M
3
BlackRock
BlackRock
New York
+$3.6M
4
BCM
Basswood Capital Management
New York
+$3.05M
5
MCM
Maltese Capital Management
New York
+$2.45M

Top Sellers

Rank Fund Capital Flow
1
EC
EJF Capital
Virginia
-$17M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$10.7M
3
CP
Clover Partners
Texas
-$7.5M
4
NFA
Nationwide Fund Advisors
Ohio
-$2.24M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$1.43M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$42.2M +$3.6M +160,154 +9%
PCA
2
PL Capital Advisors
Florida
$23.5M – – –
MCM
3
Maltese Capital Management
New York
$22.2M +$2.45M +109,105 +12%
Vanguard Group
4
Vanguard Group
Pennsylvania
$21.3M +$212K +9,434 +1%
Renaissance Technologies
5
Renaissance Technologies
New York
$20.1M +$1.56M +69,191 +8%
State Street
6
State Street
Massachusetts
$13.1M +$66.8K +2,970 +0.5%
Manulife (Manufacturers Life Insurance)
7
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$12.6M +$15.9K +709 +0.1%
Millennium Management
8
Millennium Management
New York
$12.1M +$6.01M +267,084 +97%
FCM
9
FJ Capital Management
Virginia
$10.8M -$45K -2,000 -0.4%
Russell Investments Group
10
Russell Investments Group
United Kingdom
$10.7M +$388K +17,239 +4%
NI
11
Numeric Investors
Massachusetts
$10.5M -$76.5K -3,400 -0.7%
BCM
12
Basswood Capital Management
New York
$10.2M +$3.05M +135,754 +42%
JP Morgan Chase
13
JP Morgan Chase
New York
$9.5M +$147K +6,520 +2%
Dimensional Fund Advisors
14
Dimensional Fund Advisors
Texas
$9.09M +$1.49M +66,188 +19%
Morgan Stanley
15
Morgan Stanley
New York
$9.05M +$4.85M +215,734 +114%
LSV Asset Management
16
LSV Asset Management
Illinois
$8.34M +$702K +31,200 +9%
TAM
17
THB Asset Management
Connecticut
$7.74M -$6.61K -294 -0.1%
DRZID
18
DePrince Race & Zollo Inc (DRZ)
Florida
$7.19M -$90.7K -4,031 -1%
FP
19
Foundry Partners
Minnesota
$6.58M -$269K -11,975 -4%
AL
20
AJO LP
Pennsylvania
$6.58M -$95.5K -4,246 -1%
PAM
21
Panagora Asset Management
Massachusetts
$6.07M +$557K +24,745 +10%
Boston Partners
22
Boston Partners
Massachusetts
$5.67M – – –
RCAMU
23
Rothschild & Co Asset Management US
Connecticut
$5.61M -$352K -15,629 -6%
Northern Trust
24
Northern Trust
Illinois
$5.02M -$212K -9,442 -4%
AQR Capital Management
25
AQR Capital Management
Connecticut
$4.51M +$1.2M +53,176 +36%
1
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IBCP Hedge Fund Activity: Q4 2017 in Review

126 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q4 2017, worth a combined $388M — down 1.8% from $395M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new IBCP positions and 11 closed out — a net gain of 12 holders — while 47 added to existing stakes and 37 trimmed.

The largest buyer was Millennium Management, adding an estimated $6.01M. The largest seller was EJF Capital, exiting entirely with an estimated $17M sold.

  • 126 institutional investors held Independent Bank Corp (IBCP) as of Q4 2017, up from 114 in Q3 2017.
  • Funds reported $388M of Independent Bank Corp stock for Q4 2017, down 1.8% quarter-over-quarter.
  • 23 funds opened new Independent Bank Corp positions in Q4 2017 and 11 closed out, a net change of +12 holders.
  • The largest Independent Bank Corp buyer in Q4 2017 was Millennium Management, an estimated $6.01M added.
  • The largest Independent Bank Corp seller in Q4 2017 was EJF Capital, an estimated $17M sold.

Based on aggregated 13F filings for Q4 2017.