Independent Bank
INDB
259 hedge funds and large institutions have $2.37B invested in Independent Bank in 2023 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 72 increasing their positions, 108 reducing their positions, and 23 closing their positions.
35% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 23
33% more capital invested
Capital invested by funds: $1.77B → $2.37B (+$593M)
2% more funds holding
Funds holding: 255 → 259 (+4)
0.14% more ownership
Funds ownership: 81.84% → 81.98% (+0.14%)
33% less repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 108
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$30.1M |
| 2 |
HSBC Holdings
London,
United Kingdom
|
+$13.3M |
| 3 |
State Street
Boston,
Massachusetts
|
+$10.1M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$9.06M |
| 5 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
+$5.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Nuance Investments
Kansas City,
Missouri
|
-$21.1M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$10.1M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$7.83M |
| 4 |
BlackRock
New York
|
-$6.15M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$4.36M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
YIH
276
Y-Intercept (HK)
Hong Kong
| – | -$232K | -4,717 | Closed |
|
|
GCP
277
GSA Capital Partners
London,
United Kingdom
| – | -$230K | -4,679 | Closed |
|
278
Allspring Global Investments
Charlotte,
North Carolina
| – | -$26K | -530 | Closed |
|
279
CI Investments Inc
Toronto,
Ontario, Canada
| – | -$16K | -322 | Closed |
|
|
RTC
280
Riverview Trust Company
Vancouver,
Washington
| – | -$14.8K | -302 | Closed |
|
|
GCM
281
Gladius Capital Management
Chicago,
Illinois
| – | -$3.83K | -78 | Closed |
|
|
NA
282
NewEdge Advisors
New Orleans,
Louisiana
| – | -$147 | -3 | Closed |
|
INDB Hedge Fund Activity: Q4 2023 in Review
259 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q4 2023, worth a combined $2.37B — up 33% from $1.77B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new INDB positions and 23 closed out — a net gain of 8 holders — while 72 added to existing stakes and 108 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $30.1M. The largest seller was Nuance Investments, cutting an estimated $21.1M.
- 259 institutional investors held Independent Bank (INDB) as of Q4 2023, up from 255 in Q3 2023.
- Funds reported $2.37B of Independent Bank stock for Q4 2023, up 33% quarter-over-quarter.
- 31 funds opened new Independent Bank positions in Q4 2023 and 23 closed out, a net change of +8 holders.
- The largest Independent Bank buyer in Q4 2023 was Morgan Stanley, an estimated $30.1M added.
- The largest Independent Bank seller in Q4 2023 was Nuance Investments, an estimated $21.1M sold.
Based on aggregated 13F filings for Q4 2023.