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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
NFA
51
Nationwide Fund Advisors
Ohio
$1.55M +$20.3K +493 +1%
New York State Teachers Retirement System (NYSTRS)
52
New York State Teachers Retirement System (NYSTRS)
New York
$1.5M +$4.12K +100 +0.3%
Susquehanna International Group
53
Susquehanna International Group
Pennsylvania
$1.38M -$313K -7,599 -19%
State Board of Administration of Florida Retirement System
54
State Board of Administration of Florida Retirement System
Florida
$1.34M – – –
BG
55
BlackRock Group
United Kingdom
$1.32M +$7.82K +190 +0.6%
RC
56
RBF Capital
California
$1.32M – – –
Swiss National Bank
57
Swiss National Bank
Switzerland
$1.24M +$193K +4,700 +20%
CT
58
Cambridge Trust
Massachusetts
$1.14M – – –
Comerica Bank
59
Comerica Bank
Texas
$1.13M -$847K -20,587 -44%
First Trust Advisors
60
First Trust Advisors
Illinois
$1.09M -$261K -6,350 -20%
TPSF
61
Texas Permanent School Fund
Texas
$1.03M +$80.6K +1,959 +9%
Two Sigma Advisers
62
Two Sigma Advisers
New York
$1.03M -$103K -2,500 -10%
BFC
63
Banc Funds Company
Illinois
$1.01M +$343K +8,326 +56%
NERM
64
New England Research & Management
Illinois
$901K -$840K -20,419 -50%
Two Sigma Investments
65
Two Sigma Investments
New York
$881K +$402K +9,774 +95%
NSEDCP
66
NJ State Employees Deferred Compensation Plan
New Jersey
$877K – – –
Wells Fargo
67
Wells Fargo
California
$871K +$145K +3,523 +22%
State of Tennessee, Department of Treasury
68
State of Tennessee, Department of Treasury
Tennessee
$864K +$41.2K +1,000 +5%
MLICM
69
Metropolitan Life Insurance Company (MetLife)
New York
$837K +$22.6K +549 +3%
AIG
70
American International Group
New York
$804K +$15.7K +382 +2%
Commonwealth Equity Services
71
Commonwealth Equity Services
Massachusetts
$726K +$329 +8 +0%
BA
72
BlackRock Advisors
Delaware
$690K +$124K +3,014 +24%
EMFAT
73
Emerald Mutual Fund Advisers Trust
Pennsylvania
$642K – – –
Morgan Stanley
74
Morgan Stanley
New York
$626K +$104K +2,536 +22%
IP
75
Isthmus Partners
Wisconsin
$614K +$15.2K +370 +3%
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.