Independent Bank Corp
IBCP
129 hedge funds and large institutions have $300M invested in Independent Bank Corp in 2023 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 46 increasing their positions, 50 reducing their positions, and 13 closing their positions.
67% more call options, than puts
Call options by funds: $30K | Put options by funds: $18K
1.32% more ownership
Funds ownership: 78.62% → 79.95% (+1.3%)
8% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 13
1% less funds holding
Funds holding: 130 → 129 (-1)
8% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 50
24% less capital invested
Capital invested by funds: $396M → $300M (-$96.1M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$2.03M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$1.17M |
| 3 |
Renaissance Technologies
New York
|
+$998K |
| 4 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$857K |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$724K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$4.65M |
| 2 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$3.01M |
| 3 |
BlackRock
New York
|
-$2.88M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$2.6M |
| 5 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$1.65M |
IBCP Hedge Fund Activity: Q1 2023 in Review
129 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q1 2023, worth a combined $300M — down 24% from $396M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new IBCP positions and 13 closed out — a net gain of 1 holder — while 46 added to existing stakes and 50 trimmed.
The largest buyer was State Street, adding an estimated $2.03M. The largest seller was Invesco, cutting an estimated $4.65M.
- 129 institutional investors held Independent Bank Corp (IBCP) as of Q1 2023, down from 130 in Q4 2022.
- Funds reported $300M of Independent Bank Corp stock for Q1 2023, down 24% quarter-over-quarter.
- 14 funds opened new Independent Bank Corp positions in Q1 2023 and 13 closed out, a net change of +1 holder.
- The largest Independent Bank Corp buyer in Q1 2023 was State Street, an estimated $2.03M added.
- The largest Independent Bank Corp seller in Q1 2023 was Invesco, an estimated $4.65M sold.
Based on aggregated 13F filings for Q1 2023.