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Independent Bank

113 hedge funds and large institutions have $556M invested in Independent Bank in 2013 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 39 increasing their positions, 33 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

367% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 3

172% more call options, than puts

Call options by funds: $193K | Put options by funds: $71K

18% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 33

10% more funds holding

Funds holding: 103113 (+10)

2% less capital invested

Capital invested by funds: $564M → $556M (-$8.52M)

Holders
113
Holders Change
+10
Holders Change %
+9.71%
% of All Funds
3.66%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
14
Increased
39
Reduced
33
Closed
3
Calls
$193K
Puts
$71K
Net Calls
+$122K
Net Calls Change
+$122K
Name Holding Trade Value Shares
Change
Change in
Stake
TCIM
26
TIAA CREF Investment Management
New York
$3.86M -$39.1K -1,072 -1%
BIM
27
BlackRock Investment Management
Delaware
$3.28M +$34.8K +955 +1%
BGIM
28
Brandywine Global Investment Management
Pennsylvania
$3.07M -$543K -14,906 -15%
PPA
29
Parametric Portfolio Associates
Washington
$2.24M +$70.4K +1,933 +3%
WC
30
Walthausen & Co
New York
$1.98M +$575K +15,780 +40%
Charles Schwab
31
Charles Schwab
California
$1.98M +$59K +1,618 +3%
CA
32
Commerzbank Aktiengesellschaft
Germany
$1.95M +$1.99M +54,624 New
Public Sector Pension Investment Board (PSP Investments)
33
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.94M +$408K +11,200 +26%
New York State Common Retirement Fund
34
New York State Common Retirement Fund
New York
$1.91M
RCAMU
35
Rothschild & Co Asset Management US
Connecticut
$1.89M -$301K -8,266 -14%
Prudential Financial
36
Prudential Financial
New Jersey
$1.84M -$390K -10,700 -17%
EM
37
Excalibur Management
Massachusetts
$1.82M -$36.4K -1,000 -2%
DVM
38
Dreman Value Management
Florida
$1.76M +$1.8M +49,380 New
KeyBank National Association
39
KeyBank National Association
Ohio
$1.63M -$22.3M -612,129 -93%
BG
40
BlackRock Group
United Kingdom
$1.63M +$152K +4,183 +10%
Invesco
41
Invesco
Georgia
$1.59M +$149K +4,089 +10%
RhumbLine Advisers
42
RhumbLine Advisers
Massachusetts
$1.48M -$12.6K -347 -0.8%
California State Teachers Retirement System (CalSTRS)
43
California State Teachers Retirement System (CalSTRS)
California
$1.47M +$47.2K +1,295 +3%
AllianceBernstein
44
AllianceBernstein
Tennessee
$1.41M +$2.81K +77 +0.2%
Deutsche Bank
45
Deutsche Bank
Germany
$1.36M -$4.59M -125,987 -77%
NFA
46
Nationwide Fund Advisors
Ohio
$1.32M +$28.2K +773 +2%
New York State Teachers Retirement System (NYSTRS)
47
New York State Teachers Retirement System (NYSTRS)
New York
$1.28M -$47.4K -1,300 -4%
HAI
48
Hennessy Advisors Inc
California
$1.25M -$182K -5,000 -13%
TA
49
Teachers Advisors
New York
$1.12M +$49.4K +1,356 +5%
State Board of Administration of Florida Retirement System
50
State Board of Administration of Florida Retirement System
Florida
$1.1M

INDB Hedge Fund Activity: Q3 2013 in Review

113 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q3 2013, worth a combined $556M — down 1.5% from $564M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new INDB positions and 3 closed out — a net gain of 11 holders — while 39 added to existing stakes and 33 trimmed.

The largest buyer was BlackRock Fund Advisors, adding an estimated $3.66M. The largest seller was KeyBank National Association, cutting an estimated $22.3M.

  • 113 institutional investors held Independent Bank (INDB) as of Q3 2013, up from 103 in Q2 2013.
  • Funds reported $556M of Independent Bank stock for Q3 2013, down 1.5% quarter-over-quarter.
  • 14 funds opened new Independent Bank positions in Q3 2013 and 3 closed out, a net change of +11 holders.
  • The largest Independent Bank buyer in Q3 2013 was BlackRock Fund Advisors, an estimated $3.66M added.
  • The largest Independent Bank seller in Q3 2013 was KeyBank National Association, an estimated $22.3M sold.

Based on aggregated 13F filings for Q3 2013.