Independent Bank
INDB
280 hedge funds and large institutions have $1.76B invested in Independent Bank in 2024 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 92 increasing their positions, 104 reducing their positions, and 31 closing their positions.
50% more call options, than puts
Call options by funds: $15K | Put options by funds: $10K
26% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 31
2% more funds holding
Funds holding: 275 → 280 (+5)
0.44% more ownership
Funds ownership: 81.24% → 81.68% (+0.44%)
2% less capital invested
Capital invested by funds: $1.8B → $1.76B (-$36.7M)
12% less repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 104
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$17.1M |
| 2 |
Millennium Management
New York
|
+$10.8M |
| 3 |
NIG
NFJ Investment Group
Dallas,
Texas
|
+$9.47M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$9.34M |
| 5 |
Goldman Sachs
New York
|
+$7.91M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Nuance Investments
Kansas City,
Missouri
|
-$25.5M |
| 2 |
PCM
Palisade Capital Management
Fort Lee,
New Jersey
|
-$23.8M |
| 3 |
SAM
Silvercrest Asset Management
New York
|
-$14.8M |
| 4 |
BlackRock
New York
|
-$10.7M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$8.04M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SSG
301
Summit Securities Group
New York
| – | -$52K | -1,000 | Closed |
|
|
EC
302
EntryPoint Capital
New York
| – | -$46.6K | -895 | Closed |
|
|
FIM
303
Fernwood Investment Management
Quincy,
Massachusetts
| – | -$7.8K | -150 | Closed |
|
|
TPCW
304
TD Private Client Wealth
New York
| – | -$5.98K | -115 | Closed |
|
305
Simplex Trading
Chicago,
Illinois
| – | -$5.2K | -104 | -99% |
|
|
PPC
306
Park Place Capital
Homewood,
Alabama
| – | -$3.38K | -65 | Closed |
|
|
LFA
307
LGT Financial Advisors
Dallas,
Texas
| – | -$2.91K | -56 | Closed |
|
308
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$780 | -15 | Closed |
|
|
AWM
309
Avior Wealth Management
Omaha,
Nebraska
| – | -$468 | -9 | Closed |
|
|
AWM
310
Abound Wealth Management
Franklin,
Tennessee
| – | -$365 | -7 | Closed |
|
|
TWP
311
TFO Wealth Partners
Maumee,
Ohio
| – | -$104 | -2 | Closed |
|
INDB Hedge Fund Activity: Q2 2024 in Review
280 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q2 2024, worth a combined $1.76B — down 2% from $1.8B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new INDB positions and 31 closed out — a net gain of 8 holders — while 92 added to existing stakes and 104 trimmed.
The largest buyer was Victory Capital Management, adding an estimated $17.1M. The largest seller was Nuance Investments, cutting an estimated $25.5M.
- 280 institutional investors held Independent Bank (INDB) as of Q2 2024, up from 275 in Q1 2024.
- Funds reported $1.76B of Independent Bank stock for Q2 2024, down 2% quarter-over-quarter.
- 39 funds opened new Independent Bank positions in Q2 2024 and 31 closed out, a net change of +8 holders.
- The largest Independent Bank buyer in Q2 2024 was Victory Capital Management, an estimated $17.1M added.
- The largest Independent Bank seller in Q2 2024 was Nuance Investments, an estimated $25.5M sold.
Based on aggregated 13F filings for Q2 2024.