Independent Bank Corp
IBCP
140 hedge funds and large institutions have $478M invested in Independent Bank Corp in 2018 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 57 increasing their positions, 33 reducing their positions, and 9 closing their positions.
144% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 9
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
73% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 33
22% more capital invested
Capital invested by funds: $393M → $478M (+$85.4M)
9% more funds holding
Funds holding: 128 → 140 (+12)
2.73% less ownership
Funds ownership: 80.56% → 77.83% (-2.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$7.44M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$5.37M |
| 3 |
Millennium Management
New York
|
+$4.42M |
| 4 |
Renaissance Technologies
New York
|
+$4.34M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$3.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$15.2M |
| 2 |
MCM
Maltese Capital Management
New York
|
-$2.76M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.26M |
| 4 |
Morgan Stanley
New York
|
-$1.16M |
| 5 |
PH
Pinnacle Holdings
Tulsa,
Oklahoma
|
-$1.15M |
IBCP Hedge Fund Activity: Q2 2018 in Review
140 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q2 2018, worth a combined $478M — up 22% from $393M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new IBCP positions and 9 closed out — a net gain of 13 holders — while 57 added to existing stakes and 33 trimmed.
The largest buyer was State Street, adding an estimated $7.44M. The largest seller was Basswood Capital Management, exiting entirely with an estimated $15.2M sold.
- 140 institutional investors held Independent Bank Corp (IBCP) as of Q2 2018, up from 128 in Q1 2018.
- Funds reported $478M of Independent Bank Corp stock for Q2 2018, up 22% quarter-over-quarter.
- 22 funds opened new Independent Bank Corp positions in Q2 2018 and 9 closed out, a net change of +13 holders.
- The largest Independent Bank Corp buyer in Q2 2018 was State Street, an estimated $7.44M added.
- The largest Independent Bank Corp seller in Q2 2018 was Basswood Capital Management, an estimated $15.2M sold.
Based on aggregated 13F filings for Q2 2018.