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Independent Bank
INDB

139 hedge funds and large institutions have $848M invested in Independent Bank in 2015 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 69 increasing their positions, 24 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

188% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 24

100% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 7

11% more capital invested

Capital invested by funds: $765M → $848M (+$83.1M)

5% more funds holding

Funds holding: 133 → 139 (+6)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $4K

Holders
139
Holders Change
+6
Holders Change %
+4.51%
% of All Funds
3.7%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.03%
New
14
Increased
69
Reduced
24
Closed
7
Calls
–
Puts
$4K
Net Calls
-$4K
Net Calls Change
+$17K

Top Buyers

1
PIM
Perkins Investment Management
Illinois
+$8.17M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$8.15M
3
IAM
Impax Asset Management
New Hampshire
+$8.13M
4
BFA
BlackRock Fund Advisors
California
+$7.19M
5
PWLP
Prio Wealth Limited Partnership
Massachusetts
+$6.33M

Top Sellers

1
HA
Heartland Advisors
Wisconsin
-$12M
2
RFC
Russell Frank Company
Washington
-$5.88M
3
Norges Bank
Norges Bank
Norway
-$1.01M
4
Comerica Bank
Comerica Bank
Texas
-$847K
5
NERM
New England Research & Management
Illinois
-$840K
Name Holding Trade Value Shares
Change 		Change in
Stake
Principal Financial Group
26
Principal Financial Group
Iowa
$7.1M +$689K +16,735 +12%
EWM
27
Endurance Wealth Management
Rhode Island
$6.84M – – –
PWLP
28
Prio Wealth Limited Partnership
Massachusetts
$6.75M +$6.33M +153,910 New
WC
29
Walthausen & Co
New York
$6.11M +$600K +14,570 +12%
HAI
30
Hennessy Advisors Inc
California
$6.05M -$494K -12,000 -8%
Renaissance Technologies
31
Renaissance Technologies
New York
$4.7M +$3.22M +78,208 +271%
TCIM
32
TIAA CREF Investment Management
New York
$4.51M +$64.7K +1,571 +2%
BIM
33
BlackRock Investment Management
Delaware
$4.16M +$282K +6,847 +8%
Deutsche Bank
34
Deutsche Bank
Germany
$4.05M +$1.43M +34,800 +60%
BCM
35
Bridgeway Capital Management
Texas
$3.81M +$2.84M +69,000 +389%
BGIM
36
Brandywine Global Investment Management
Pennsylvania
$3.48M -$6.63K -161 -0.2%
MCP
37
Moab Capital Partners
New York
$3.2M +$3M +72,984 New
PPA
38
Parametric Portfolio Associates
Washington
$3.15M +$139K +3,380 +5%
Charles Schwab
39
Charles Schwab
California
$3.12M +$135K +3,278 +5%
JP Morgan Chase
40
JP Morgan Chase
New York
$2.91M -$500K -12,141 -15%
Prudential Financial
41
Prudential Financial
New Jersey
$2.58M +$222K +5,400 +10%
Invesco
42
Invesco
Georgia
$2.4M +$191K +4,630 +9%
Public Sector Pension Investment Board (PSP Investments)
43
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.16M +$168K +4,080 +9%
EM
44
Excalibur Management
Massachusetts
$2.15M – – –
California State Teachers Retirement System (CalSTRS)
45
California State Teachers Retirement System (CalSTRS)
California
$2.05M +$103K +2,500 +6%
California Public Employees Retirement System
46
California Public Employees Retirement System
California
$2.05M – – –
KeyBank National Association
47
KeyBank National Association
Ohio
$2.03M +$53.5K +1,300 +3%
RhumbLine Advisers
48
RhumbLine Advisers
Massachusetts
$1.84M +$81.3K +1,975 +5%
AllianceBernstein
49
AllianceBernstein
Tennessee
$1.7M – – –
TA
50
Teachers Advisors
New York
$1.57M +$225K +5,476 +18%
1
2
3 4 5

INDB Hedge Fund Activity: Q1 2015 in Review

139 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q1 2015, worth a combined $848M — up 11% from $765M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new INDB positions and 7 closed out — a net gain of 7 holders — while 69 added to existing stakes and 24 trimmed.

The largest buyer was Perkins Investment Management, opening a new position worth an estimated $8.17M. The largest seller was Heartland Advisors, cutting an estimated $12M.

  • 139 institutional investors held Independent Bank (INDB) as of Q1 2015, up from 133 in Q4 2014.
  • Funds reported $848M of Independent Bank stock for Q1 2015, up 11% quarter-over-quarter.
  • 14 funds opened new Independent Bank positions in Q1 2015 and 7 closed out, a net change of +7 holders.
  • The largest Independent Bank buyer in Q1 2015 was Perkins Investment Management, an estimated $8.17M added.
  • The largest Independent Bank seller in Q1 2015 was Heartland Advisors, an estimated $12M sold.

Based on aggregated 13F filings for Q1 2015.