Independent Bank
INDB
194 hedge funds and large institutions have $1.6B invested in Independent Bank in 2018 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 76 increasing their positions, 48 reducing their positions, and 20 closing their positions.
58% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 48
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
20% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 20
2% more funds holding
Funds holding: 190 → 194 (+4)
0.41% more ownership
Funds ownership: 81.35% → 81.77% (+0.41%)
13% less capital invested
Capital invested by funds: $1.84B → $1.6B (-$236M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$14.2M |
| 2 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$12.9M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$7.11M |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$6.72M |
| 5 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
+$6.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$6.51M |
| 2 |
WG
Winton Group
London,
United Kingdom
|
-$6.19M |
| 3 |
PP
Prudential plc
London, England,
United Kingdom
|
-$3.91M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$3.14M |
| 5 |
SAM
Silvercrest Asset Management
New York
|
-$3.11M |
INDB Hedge Fund Activity: Q4 2018 in Review
194 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q4 2018, worth a combined $1.6B — down 13% from $1.84B a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new INDB positions and 20 closed out — a net gain of 4 holders — while 76 added to existing stakes and 48 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $14.2M. The largest seller was JP Morgan Chase, cutting an estimated $6.51M.
- 194 institutional investors held Independent Bank (INDB) as of Q4 2018, up from 190 in Q3 2018.
- Funds reported $1.6B of Independent Bank stock for Q4 2018, down 13% quarter-over-quarter.
- 24 funds opened new Independent Bank positions in Q4 2018 and 20 closed out, a net change of +4 holders.
- The largest Independent Bank buyer in Q4 2018 was Fidelity Investments, an estimated $14.2M added.
- The largest Independent Bank seller in Q4 2018 was JP Morgan Chase, an estimated $6.51M sold.
Based on aggregated 13F filings for Q4 2018.