Independent Bank
INDB
214 hedge funds and large institutions have $2.06B invested in Independent Bank in 2019 Q2 according to their latest regulatory filings, with 41 funds opening new positions, 94 increasing their positions, 39 reducing their positions, and 20 closing their positions.
141% more repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 39
105% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 20
9% more funds holding
Funds holding: 196 → 214 (+18)
5% more capital invested
Capital invested by funds: $1.97B → $2.06B (+$89.5M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
7.78% less ownership
Funds ownership: 87.07% → 79.3% (-7.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$66M |
| 2 |
BlackRock
New York
|
+$35.1M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$31.9M |
| 4 |
CCM
Channing Capital Management
Chicago,
Illinois
|
+$20.9M |
| 5 |
State Street
Boston,
Massachusetts
|
+$20.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$38.2M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$9.28M |
| 3 |
CEP
Chicago Equity Partners
Chicago,
Illinois
|
-$6.71M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$4.37M |
| 5 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
-$3.39M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
226
HSBC Holdings
London,
United Kingdom
| – | -$214K | -2,636 | Closed |
|
|
ECM
227
Evergreen Capital Management
Bellevue,
Washington
| – | -$213K | -2,625 | Closed |
|
|
MSA
228
Marino Stram & Associates
Braintree,
Massachusetts
| – | -$134K | -1,650 | Closed |
|
|
WCM
229
WealthBridge Capital Management
Westerville,
Ohio
| – | -$15K | -185 | Closed |
|
|
LFA
230
Legacy Financial Advisors
Covington,
Kentucky
| – | -$13K | -159 | Closed |
|
|
WAM
231
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| – | -$6K | -76 | Closed |
|
232
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$4K | -55 | Closed |
|
|
PCP
233
Proficio Capital Partners
Newton,
Massachusetts
| – | -$4K | -52 | Closed |
|
|
MNBTD
234
Moody National Bank Trust Division
Galveston,
Texas
| – | -$4K | -48 | Closed |
|
INDB Hedge Fund Activity: Q2 2019 in Review
214 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q2 2019, worth a combined $2.06B — up 4.5% from $1.97B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new INDB positions and 20 closed out — a net gain of 21 holders — while 94 added to existing stakes and 39 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $66M. The largest seller was Wasatch Advisors, exiting entirely with an estimated $38.2M sold.
- 214 institutional investors held Independent Bank (INDB) as of Q2 2019, up from 196 in Q1 2019.
- Funds reported $2.06B of Independent Bank stock for Q2 2019, up 4.5% quarter-over-quarter.
- 41 funds opened new Independent Bank positions in Q2 2019 and 20 closed out, a net change of +21 holders.
- The largest Independent Bank buyer in Q2 2019 was T. Rowe Price Associates, an estimated $66M added.
- The largest Independent Bank seller in Q2 2019 was Wasatch Advisors, an estimated $38.2M sold.
Based on aggregated 13F filings for Q2 2019.