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Independent Bank
INDB

286 hedge funds and large institutions have $2.28B invested in Independent Bank in 2024 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 93 increasing their positions, 109 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

542% more call options, than puts

Call options by funds: $289K | Put options by funds: $45K

12% more capital invested

Capital invested by funds: $2.04B → $2.28B (+$246M)

2.61% more ownership

Funds ownership: 81% → 83.61% (+2.6%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2% less funds holding

Funds holding: 292 → 286 (-6)

14% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 35

15% less repeat investments, than reductions

Existing positions increased: 93 | Existing positions reduced: 109

Holders
286
Holders Change
-6
Holders Change %
-2.05%
% of All Funds
3.77%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
30
Increased
93
Reduced
109
Closed
35
Calls
$289K
Puts
$45K
Net Calls
+$244K
Net Calls Change
+$273K

Top Buyers

1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
+$55.2M
2
Verition Fund Management
Verition Fund Management
Connecticut
+$25.2M
3
State Street
State Street
Massachusetts
+$19.1M
4
Russell Investments Group
Russell Investments Group
United Kingdom
+$8.13M
5
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
+$5.9M

Top Sellers

1
Victory Capital Management
Victory Capital Management
Texas
-$9.17M
2
Morgan Stanley
Morgan Stanley
New York
-$8.86M
3
Millennium Management
Millennium Management
New York
-$7.88M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$6.45M
5
Northern Trust
Northern Trust
Illinois
-$6.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
CH
226
Canton Hathaway
Rhode Island
$27K – – –
Bessemer Group
227
Bessemer Group
New Jersey
$26K -$62.6K -939 -70%
MCM
228
MAI Capital Management
Ohio
$25.7K +$26.7K +400 New
AAG
229
Armstrong Advisory Group
Massachusetts
$24.3K +$1.6K +24 +7%
SPIA
230
Steward Partners Investment Advisory
New York
$23.6K +$200 +3 +0.8%
VCM
231
Versant Capital Management
Arizona
$23K -$16.7K -250 -41%
Fifth Third Bancorp
232
Fifth Third Bancorp
Ohio
$22.3K -$2.6K -39 -10%
PSB
233
Piscataqua Savings Bank
New Hampshire
$22K – – –
MPWT
234
MassMutual Private Wealth & Trust
Connecticut
$21.1K – – –
RA
235
Rise Advisors
New York
$20.1K +$200 +3 +1%
RTC
236
Riverview Trust Company
Washington
$19.4K – – –
FHA
237
First Horizon Advisors
Tennessee
$14.5K – – –
DB
238
Danske Bank
Denmark
$12.8K – – –
HCA
239
Harbor Capital Advisors
Illinois
$12K -$200 -3 -2%
HWM
240
HighMark Wealth Management
Minnesota
$11.5K +$133 +2 +1%
GI
241
GAMMA Investing
California
$10.7K +$6.33K +95 +132%
WA
242
WPG Advisers
Maryland
$10.6K +$11K +165 New
HNB
243
Huntington National Bank
Ohio
$10.5K -$667 -10 -6%
MG
244
Mather Group
Illinois
$10K +$9.93K +149 +2,129%
C
245
Covestor
United Kingdom
$10K -$733 -11 -6%
GWM
246
Geneos Wealth Management
Colorado
$9.24K – – –
1IA
247
1620 Investment Advisors
Massachusetts
$9.18K +$3K +45 +46%
EWA
248
EverSource Wealth Advisors
Alabama
$8.02K +$2.4K +36 +40%
SWA
249
SOA Wealth Advisors
New York
$7.79K +$67 +1 +0.8%
UB
250
UMB Bank
Missouri
$7.45K -$257K -3,849 -97%
8 9
10
11 12

INDB Hedge Fund Activity: Q4 2024 in Review

286 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q4 2024, worth a combined $2.28B — up 12% from $2.04B a quarter earlier.

Sellers outnumbered buyers: 35 funds closed out of INDB and 30 opened new positions — a net loss of 5 holders — while 109 trimmed existing stakes and 93 added.

The largest buyer was DePrince Race & Zollo Inc (DRZ), adding an estimated $55.2M. The largest seller was Victory Capital Management, cutting an estimated $9.17M.

  • 286 institutional investors held Independent Bank (INDB) as of Q4 2024, down from 292 in Q3 2024.
  • Funds reported $2.28B of Independent Bank stock for Q4 2024, up 12% quarter-over-quarter.
  • 30 funds opened new Independent Bank positions in Q4 2024 and 35 closed out, a net change of -5 holders.
  • The largest Independent Bank buyer in Q4 2024 was DePrince Race & Zollo Inc (DRZ), an estimated $55.2M added.
  • The largest Independent Bank seller in Q4 2024 was Victory Capital Management, an estimated $9.17M sold.

Based on aggregated 13F filings for Q4 2024.