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Independent Bank
INDB

130 hedge funds and large institutions have $646M invested in Independent Bank in 2013 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 52 increasing their positions, 30 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

425% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 4

73% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 30

16% more capital invested

Capital invested by funds: $556M → $646M (+$89.6M)

15% more funds holding

Funds holding: 113 → 130 (+17)

Holders
130
Holders Change
+17
Holders Change %
+15.04%
% of All Funds
3.77%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
21
Increased
52
Reduced
30
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
State Street
State Street
Massachusetts
+$7.02M
2
SAM
Silvercrest Asset Management
New York
+$6.35M
3
Victory Capital Management
Victory Capital Management
Texas
+$3.58M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$3.13M
5
BFA
BlackRock Fund Advisors
California
+$2.34M

Top Sellers

Rank Fund Capital Flow
1
CA
Commerzbank Aktiengesellschaft
Germany
-$1.95M
2
BTW
Boston Trust Walden
Massachusetts
-$1.51M
3
Deutsche Bank
Deutsche Bank
Germany
-$919K
4
JP Morgan Chase
JP Morgan Chase
New York
-$724K
5
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$658K
Name Holding Trade Value Shares
Change 		Change in
Stake
TCIM
26
TIAA CREF Investment Management
New York
$4.19M -$45.5K -1,241 -1%
BIM
27
BlackRock Investment Management
Delaware
$3.6M +$4.59K +125 +0.1%
BGIM
28
Brandywine Global Investment Management
Pennsylvania
$3.44M +$71K +1,935 +2%
PPA
29
Parametric Portfolio Associates
Washington
$2.5M +$40.6K +1,106 +2%
Charles Schwab
30
Charles Schwab
California
$2.46M +$291K +7,934 +14%
WC
31
Walthausen & Co
New York
$2.29M +$110K +3,000 +5%
DVM
32
Dreman Value Management
Florida
$2.22M +$261K +7,100 +14%
Public Sector Pension Investment Board (PSP Investments)
33
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.19M +$58.7K +1,600 +3%
New York State Common Retirement Fund
34
New York State Common Retirement Fund
New York
$2.09M – – –
Prudential Financial
35
Prudential Financial
New Jersey
$2.08M +$49.5K +1,350 +3%
EM
36
Excalibur Management
Massachusetts
$2M – – –
California Public Employees Retirement System
37
California Public Employees Retirement System
California
$2M +$873K +23,791 +88%
BG
38
BlackRock Group
United Kingdom
$1.95M +$150K +4,095 +9%
RCAMU
39
Rothschild & Co Asset Management US
Connecticut
$1.93M -$135K -3,678 -7%
IG
40
ING Group
Netherlands
$1.85M +$1.73M +47,212 New
KeyBank National Association
41
KeyBank National Association
Ohio
$1.82M +$31.7K +863 +2%
Invesco
42
Invesco
Georgia
$1.77M +$35.5K +967 +2%
California State Teachers Retirement System (CalSTRS)
43
California State Teachers Retirement System (CalSTRS)
California
$1.68M +$62.4K +1,700 +4%
AllianceBernstein
44
AllianceBernstein
Tennessee
$1.55M – – –
RhumbLine Advisers
45
RhumbLine Advisers
Massachusetts
$1.54M -$70.8K -1,930 -5%
NFA
46
Nationwide Fund Advisors
Ohio
$1.43M -$14.8K -403 -1%
FP
47
Foundry Partners
Minnesota
$1.39M +$1.3M +35,505 New
HAI
48
Hennessy Advisors Inc
California
$1.37M – – –
New York State Teachers Retirement System (NYSTRS)
49
New York State Teachers Retirement System (NYSTRS)
New York
$1.37M -$29.4K -800 -2%
TA
50
Teachers Advisors
New York
$1.33M +$91.4K +2,490 +8%
1
2
3 4 5

INDB Hedge Fund Activity: Q4 2013 in Review

130 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q4 2013, worth a combined $646M — up 16% from $556M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new INDB positions and 4 closed out — a net gain of 17 holders — while 52 added to existing stakes and 30 trimmed.

The largest buyer was State Street, adding an estimated $7.02M. The largest seller was Commerzbank Aktiengesellschaft, exiting entirely with an estimated $1.95M sold.

  • 130 institutional investors held Independent Bank (INDB) as of Q4 2013, up from 113 in Q3 2013.
  • Funds reported $646M of Independent Bank stock for Q4 2013, up 16% quarter-over-quarter.
  • 21 funds opened new Independent Bank positions in Q4 2013 and 4 closed out, a net change of +17 holders.
  • The largest Independent Bank buyer in Q4 2013 was State Street, an estimated $7.02M added.
  • The largest Independent Bank seller in Q4 2013 was Commerzbank Aktiengesellschaft, an estimated $1.95M sold.

Based on aggregated 13F filings for Q4 2013.