Independent Bank Corp
IBCP
131 hedge funds and large institutions have $434M invested in Independent Bank Corp in 2024 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 47 increasing their positions, 50 reducing their positions, and 15 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 15
1% less funds holding
Funds holding: 132 → 131 (-1)
0.91% less ownership
Funds ownership: 82.79% → 81.87% (-0.91%)
3% less capital invested
Capital invested by funds: $449M → $434M (-$15M)
6% less repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 50
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
FJ Capital Management
Mclean,
Virginia
|
+$6.24M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$3.18M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$2.82M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$1.83M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
+$1.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$6.07M |
| 2 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$3.67M |
| 3 |
Millennium Management
New York
|
-$3.24M |
| 4 |
BlackRock
New York
|
-$2.67M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.43M |
IBCP Hedge Fund Activity: Q1 2024 in Review
131 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Independent Bank Corp (IBCP) for Q1 2024, worth a combined $434M — down 3.3% from $449M a quarter earlier.
Fund positioning in IBCP was balanced in Q1 2024: 15 funds opened new positions, 15 closed out, 47 added to existing stakes and 50 trimmed.
The largest buyer was FJ Capital Management, adding an estimated $6.24M. The largest seller was Morgan Stanley, cutting an estimated $6.07M.
- 131 institutional investors held Independent Bank Corp (IBCP) as of Q1 2024, down from 132 in Q4 2023.
- Funds reported $434M of Independent Bank Corp stock for Q1 2024, down 3.3% quarter-over-quarter.
- 15 funds opened new Independent Bank Corp positions in Q1 2024 and 15 closed out, a net change of 0 holders.
- The largest Independent Bank Corp buyer in Q1 2024 was FJ Capital Management, an estimated $6.24M added.
- The largest Independent Bank Corp seller in Q1 2024 was Morgan Stanley, an estimated $6.07M sold.
Based on aggregated 13F filings for Q1 2024.