Independent Bank
INDB
135 hedge funds and large institutions have $930M invested in Independent Bank in 2015 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 54 increasing their positions, 46 reducing their positions, and 11 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 46
10% more capital invested
Capital invested by funds: $848M → $930M (+$81.9M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
3% less funds holding
Funds holding: 139 → 135 (-4)
36% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 11
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $141K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$14.8M |
| 2 |
State Street
Boston,
Massachusetts
|
+$6.85M |
| 3 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
+$6.77M |
| 4 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
+$3.85M |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$3.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$6.5M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$4.49M |
| 3 |
RT
Rockland Trust
Hanover,
Massachusetts
|
-$3.58M |
| 4 |
MCP
Moab Capital Partners
Southampton,
New York
|
-$3.2M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$1.9M |
INDB Hedge Fund Activity: Q2 2015 in Review
135 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q2 2015, worth a combined $930M — up 9.7% from $848M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of INDB and 7 opened new positions — a net loss of 4 holders — while 46 trimmed existing stakes and 54 added.
The largest buyer was Wasatch Advisors, opening a new position worth an estimated $14.8M. The largest seller was Heartland Advisors, cutting an estimated $6.5M.
- 135 institutional investors held Independent Bank (INDB) as of Q2 2015, down from 139 in Q1 2015.
- Funds reported $930M of Independent Bank stock for Q2 2015, up 9.7% quarter-over-quarter.
- 7 funds opened new Independent Bank positions in Q2 2015 and 11 closed out, a net change of -4 holders.
- The largest Independent Bank buyer in Q2 2015 was Wasatch Advisors, an estimated $14.8M added.
- The largest Independent Bank seller in Q2 2015 was Heartland Advisors, an estimated $6.5M sold.
Based on aggregated 13F filings for Q2 2015.