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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
DPW
276
DiNuzzo Private Wealth
Pennsylvania
$450 – – –
IA
277
IFP Advisors
Florida
$449 +$467 +7 New
SIC
278
SJS Investment Consulting
Ohio
$386 -$133 -2 -25%
S
279
SignatureFD
Georgia
$321 – – –
PA
280
Parallel Advisors
California
$257 -$400 -6 -60%
AWM
281
Abound Wealth Management
Tennessee
$257 +$267 +4 New
LFG
282
Larson Financial Group
Missouri
$193 – – –
TWD
283
True Wealth Design
Ohio
$129 -$8K -120 -98%
GFPC
284
Global Financial Private Client
Florida
$128 +$133 +2 New
PWM
285
Parkworth Wealth Management
California
$64 +$67 +1 New
SS
286
SBI Securities
Japan
$64 +$67 +1 New
CSS
287
Cubist Systematic Strategies
Connecticut
– -$3.67M -62,065 Closed
TI
288
Trexquant Investment
Connecticut
– -$3.3M -55,832 Closed
BFM
289
Boothbay Fund Management
New York
– -$2.06M -34,822 Closed
EP
290
Edgestream Partners
New Jersey
– -$1.9M -32,161 Closed
Canada Pension Plan Investment Board
291
Canada Pension Plan Investment Board
Ontario, Canada
– -$1.53M -25,900 Closed
JCIA
292
Jackson Creek Investment Advisors
Colorado
– -$1.43M -24,158 Closed
ECM
293
ExodusPoint Capital Management
New York
– -$1.41M -23,773 Closed
PFO
294
PMC FIG Opportunities
Israel
– -$918K -15,526 Closed
SSA
295
Schonfeld Strategic Advisors
New York
– -$834K -14,110 Closed
MAM
296
Martingale Asset Management
Massachusetts
– -$660K -11,159 Closed
Acadian Asset Management
297
Acadian Asset Management
Massachusetts
– -$604K -10,225 Closed
JF
298
Jump Financial
Illinois
– -$583K -9,861 Closed
DFCM
299
Dark Forest Capital Management
Puerto Rico
– -$555K -9,393 Closed
ZIM
300
Zacks Investment Management
Illinois
– -$544K -9,194 Closed
9 10 11
12
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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.