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Independent Bank Corp

132 hedge funds and large institutions have $449M invested in Independent Bank Corp in 2023 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 45 increasing their positions, 45 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

633% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 3

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

46% more capital invested

Capital invested by funds: $308M → $449M (+$141M)

17% more funds holding

Funds holding: 113132 (+19)

2.6% more ownership

Funds ownership: 80.19%82.79% (+2.6%)

0% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 45

Holders
132
Holders Change
+19
Holders Change %
+16.81%
% of All Funds
1.92%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
22
Increased
45
Reduced
45
Closed
3
Calls
$2K
Puts
Net Calls
+$2K
Net Calls Change
-$31K
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$76.1M +$461K +21,623 +0.7%
FCM
2
FJ Capital Management
Virginia
$33.5M
Vanguard Group
3
Vanguard Group
Pennsylvania
$27.8M +$673K +31,536 +3%
Dimensional Fund Advisors
4
Dimensional Fund Advisors
Texas
$25.4M +$298K +13,962 +1%
Fidelity Investments
5
Fidelity Investments
Massachusetts
$20.4M +$226K +10,613 +1%
State Street
6
State Street
Massachusetts
$15.6M -$496K -23,267 -4%
Renaissance Technologies
7
Renaissance Technologies
New York
$15.1M -$832K -39,000 -6%
LSV Asset Management
8
LSV Asset Management
Illinois
$14M -$807K -37,807 -7%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$12M +$406K +19,038 +4%
JP Morgan Chase
10
JP Morgan Chase
New York
$12M -$48.3K -2,262 -0.5%
Morgan Stanley
11
Morgan Stanley
New York
$11.7M +$7.17M +335,938 +300%
Manulife (Manufacturers Life Insurance)
12
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$11.3M -$368K -17,251 -4%
ACM
13
Ategra Capital Management
Virginia
$11.3M +$96.8K +4,537 +1%
Allspring Global Investments
14
Allspring Global Investments
North Carolina
$10.4M +$159K +7,455 +2%
PCA
15
PL Capital Advisors
Florida
$8.56M -$256K -12,000 -4%
Hotchkis & Wiley Capital Management
16
Hotchkis & Wiley Capital Management
California
$8.53M -$1.25M -58,380 -15%
N
17
Nuveen
North Carolina
$7.34M +$826K +38,722 +16%
American Century Companies
18
American Century Companies
Missouri
$7.34M +$1.02M +47,904 +20%
Goldman Sachs
19
Goldman Sachs
New York
$6.64M -$276K -12,932 -5%
Principal Financial Group
20
Principal Financial Group
Iowa
$6.25M -$94.9K -4,446 -2%
Northern Trust
21
Northern Trust
Illinois
$5.84M +$17.2K +808 +0.4%
Acadian Asset Management
22
Acadian Asset Management
Massachusetts
$5.67M
Ameriprise
23
Ameriprise
Minnesota
$5.56M -$873K -40,914 -16%
FP
24
Foundry Partners
Minnesota
$5.53M -$84.9K -3,980 -2%
Bank of New York Mellon
25
Bank of New York Mellon
New York
$4.83M -$507K -23,760 -11%

IBCP Hedge Fund Activity: Q4 2023 in Review

132 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q4 2023, worth a combined $449M — up 46% from $308M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new IBCP positions and 3 closed out — a net gain of 19 holders — while 45 added to existing stakes and 45 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $7.17M. The largest seller was Assenagon Asset Management, exiting entirely with an estimated $3.49M sold.

  • 132 institutional investors held Independent Bank Corp (IBCP) as of Q4 2023, up from 113 in Q3 2023.
  • Funds reported $449M of Independent Bank Corp stock for Q4 2023, up 46% quarter-over-quarter.
  • 22 funds opened new Independent Bank Corp positions in Q4 2023 and 3 closed out, a net change of +19 holders.
  • The largest Independent Bank Corp buyer in Q4 2023 was Morgan Stanley, an estimated $7.17M added.
  • The largest Independent Bank Corp seller in Q4 2023 was Assenagon Asset Management, an estimated $3.49M sold.

Based on aggregated 13F filings for Q4 2023.