Independent Bank Corp
IBCP
126 hedge funds and large institutions have $321M invested in Independent Bank Corp in 2020 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 37 increasing their positions, 48 reducing their positions, and 5 closing their positions.
180% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 5
46% more capital invested
Capital invested by funds: $220M → $321M (+$101M)
8% more funds holding
Funds holding: 117 → 126 (+9)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.46% less ownership
Funds ownership: 79.81% → 79.35% (-0.46%)
23% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 48
25% less call options, than puts
Call options by funds: $260K | Put options by funds: $345K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
+$1.7M |
| 2 |
BlackRock
New York
|
+$1.61M |
| 3 |
Morgan Stanley
New York
|
+$1.35M |
| 4 |
MSL
Mackay Shields LLC
New York
|
+$1.14M |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$942K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$2.57M |
| 2 |
MCM
Maltese Capital Management
New York
|
-$1.95M |
| 3 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
-$1.27M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
-$1.17M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$822K |
IBCP Hedge Fund Activity: Q4 2020 in Review
126 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q4 2020, worth a combined $321M — up 46% from $220M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new IBCP positions and 5 closed out — a net gain of 9 holders — while 37 added to existing stakes and 48 trimmed.
The largest buyer was EJF Capital, opening a new position worth an estimated $1.7M. The largest seller was FJ Capital Management, cutting an estimated $2.57M.
- 126 institutional investors held Independent Bank Corp (IBCP) as of Q4 2020, up from 117 in Q3 2020.
- Funds reported $321M of Independent Bank Corp stock for Q4 2020, up 46% quarter-over-quarter.
- 14 funds opened new Independent Bank Corp positions in Q4 2020 and 5 closed out, a net change of +9 holders.
- The largest Independent Bank Corp buyer in Q4 2020 was EJF Capital, an estimated $1.7M added.
- The largest Independent Bank Corp seller in Q4 2020 was FJ Capital Management, an estimated $2.57M sold.
Based on aggregated 13F filings for Q4 2020.