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Independent Bank
INDB

131 hedge funds and large institutions have $609M invested in Independent Bank in 2014 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 50 increasing their positions, 38 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

32% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 38

3% less funds holding

Funds holding: 135 → 131 (-4)

10% less capital invested

Capital invested by funds: $677M → $609M (-$67.7M)

27% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 11

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $29K

Holders
131
Holders Change
-4
Holders Change %
-2.96%
% of All Funds
3.8%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
8
Increased
50
Reduced
38
Closed
11
Calls
–
Puts
$29K
Net Calls
-$29K
Net Calls Change
+$38K

Top Buyers

Rank Fund Capital Flow
1
RFC
Russell Frank Company
Washington
+$3.92M
2
CCM
Channing Capital Management
Illinois
+$3.48M
3
CIP
Champlain Investment Partners
Vermont
+$2.67M
4
Macquarie Group
Macquarie Group
Australia
+$1.98M
5
Victory Capital Management
Victory Capital Management
Texas
+$1.57M

Top Sellers

Rank Fund Capital Flow
1
Norges Bank
Norges Bank
Norway
-$8.84M
2
State Street
State Street
Massachusetts
-$3.35M
3
BFA
BlackRock Fund Advisors
California
-$1.35M
4
BIT
BlackRock Institutional Trust
California
-$915K
5
PP
Prudential plc
United Kingdom
-$741K
Name Holding Trade Value Shares
Change 		Change in
Stake
TCIM
26
TIAA CREF Investment Management
New York
$4.17M +$356K +9,663 +9%
HAI
27
Hennessy Advisors Inc
California
$3.75M +$1.11M +30,000 +40%
BIM
28
BlackRock Investment Management
Delaware
$3.17M +$26.8K +728 +0.8%
JP Morgan Chase
29
JP Morgan Chase
New York
$2.94M +$54.3K +1,472 +2%
PPA
30
Parametric Portfolio Associates
Washington
$2.39M +$164K +4,436 +7%
Deutsche Bank
31
Deutsche Bank
Germany
$2.38M +$1.56M +42,277 +173%
Charles Schwab
32
Charles Schwab
California
$2.34M +$52.1K +1,412 +2%
DVM
33
Dreman Value Management
Florida
$2.06M +$28.1K +762 +1%
Prudential Financial
34
Prudential Financial
New Jersey
$1.91M -$126K -3,429 -6%
Invesco
35
Invesco
Georgia
$1.84M -$52.7K -1,429 -3%
EM
36
Excalibur Management
Massachusetts
$1.82M – – –
California Public Employees Retirement System
37
California Public Employees Retirement System
California
$1.8M +$160K +4,326 +9%
New York State Common Retirement Fund
38
New York State Common Retirement Fund
New York
$1.71M -$281K -7,630 -14%
KeyBank National Association
39
KeyBank National Association
Ohio
$1.63M -$14.8K -400 -0.9%
Public Sector Pension Investment Board (PSP Investments)
40
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.61M -$262K -7,100 -14%
California State Teachers Retirement System (CalSTRS)
41
California State Teachers Retirement System (CalSTRS)
California
$1.58M +$16.6K +450 +1%
NERM
42
New England Research & Management
Illinois
$1.52M +$376K +10,200 +31%
Renaissance Technologies
43
Renaissance Technologies
New York
$1.51M +$1.56M +42,224 New
AllianceBernstein
44
AllianceBernstein
Tennessee
$1.38M -$25.8K -700 -2%
RhumbLine Advisers
45
RhumbLine Advisers
Massachusetts
$1.34M -$3.69K -100 -0.3%
NFA
46
Nationwide Fund Advisors
Ohio
$1.29M +$2.14K +58 +0.2%
FP
47
Foundry Partners
Minnesota
$1.25M +$41.9K +1,135 +3%
RCAMU
48
Rothschild & Co Asset Management US
Connecticut
$1.25M -$393K -10,656 -23%
New York State Teachers Retirement System (NYSTRS)
49
New York State Teachers Retirement System (NYSTRS)
New York
$1.22M – – –
TA
50
Teachers Advisors
New York
$1.2M – – –
1
2
3 4 5

INDB Hedge Fund Activity: Q3 2014 in Review

131 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q3 2014, worth a combined $609M — down 10% from $677M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of INDB and 8 opened new positions — a net loss of 3 holders — while 38 trimmed existing stakes and 50 added.

The largest buyer was Russell Frank Company, adding an estimated $3.92M. The largest seller was Norges Bank, cutting an estimated $8.84M.

  • 131 institutional investors held Independent Bank (INDB) as of Q3 2014, down from 135 in Q2 2014.
  • Funds reported $609M of Independent Bank stock for Q3 2014, down 10% quarter-over-quarter.
  • 8 funds opened new Independent Bank positions in Q3 2014 and 11 closed out, a net change of -3 holders.
  • The largest Independent Bank buyer in Q3 2014 was Russell Frank Company, an estimated $3.92M added.
  • The largest Independent Bank seller in Q3 2014 was Norges Bank, an estimated $8.84M sold.

Based on aggregated 13F filings for Q3 2014.