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Independent Bank
INDB

152 hedge funds and large institutions have $911M invested in Independent Bank in 2016 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 65 increasing their positions, 39 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 39

50% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 12

4% more funds holding

Funds holding: 146 → 152 (+6)

1% more capital invested

Capital invested by funds: $904M → $911M (+$6.66M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
152
Holders Change
+6
Holders Change %
+4.11%
% of All Funds
4.05%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
18
Increased
65
Reduced
39
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$4.67M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$2.85M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$2.47M
4
WI
WBI Investments
New Jersey
+$2.06M
5
Victory Capital Management
Victory Capital Management
Texas
+$1.8M

Top Sellers

Rank Fund Capital Flow
1
CCM
Channing Capital Management
Illinois
-$7.11M
2
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
-$5M
3
BGIM
Brandywine Global Investment Management
Pennsylvania
-$3.54M
4
CIP
Champlain Investment Partners
Vermont
-$3.4M
5
BCM
Bridgeway Capital Management
Texas
-$3.22M
Name Holding Trade Value Shares
Change 		Change in
Stake
New York State Teachers Retirement System (NYSTRS)
51
New York State Teachers Retirement System (NYSTRS)
New York
$1.61M – – –
First Trust Advisors
52
First Trust Advisors
Illinois
$1.57M -$1.58M -35,374 -51%
CS
53
Credit Suisse
Switzerland
$1.51M +$767K +17,200 +110%
NFA
54
Nationwide Fund Advisors
Ohio
$1.5M +$4.55K +102 +0.3%
EM
55
Excalibur Management
Massachusetts
$1.44M – – –
RC
56
RBF Capital
California
$1.38M – – –
California Public Employees Retirement System
57
California Public Employees Retirement System
California
$1.33M -$71.4K -1,600 -5%
KeyBank National Association
58
KeyBank National Association
Ohio
$1.32M -$17.8K -400 -1%
Citigroup
59
Citigroup
New York
$1.27M +$542K +12,158 +79%
CT
60
Cambridge Trust
Massachusetts
$1.25M – – –
Comerica Bank
61
Comerica Bank
Texas
$1.22M +$5.04K +113 +0.4%
Wells Fargo
62
Wells Fargo
California
$1.22M +$143K +3,209 +14%
NERM
63
New England Research & Management
Illinois
$1.13M +$340K +7,624 +45%
TPSF
64
Texas Permanent School Fund
Texas
$966K -$32.6K -730 -3%
State of Tennessee, Department of Treasury
65
State of Tennessee, Department of Treasury
Tennessee
$965K +$22.1K +495 +2%
AIG
66
American International Group
New York
$913K +$40.5K +909 +5%
MLICM
67
Metropolitan Life Insurance Company (MetLife)
New York
$899K +$79.9K +1,792 +10%
State Board of Administration of Florida Retirement System
68
State Board of Administration of Florida Retirement System
Florida
$897K -$495K -11,101 -36%
NSEDCP
69
NJ State Employees Deferred Compensation Plan
New Jersey
$897K – – –
PAM
70
Panagora Asset Management
Massachusetts
$865K +$671K +15,035 +398%
Public Sector Pension Investment Board (PSP Investments)
71
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$852K +$22.3K +500 +3%
Bank of America
72
Bank of America
North Carolina
$808K +$108K +2,417 +16%
Commonwealth Equity Services
73
Commonwealth Equity Services
Massachusetts
$734K +$758 +17 +0.1%
MAP
74
Moody Aldrich Partners
Massachusetts
$730K +$708K +15,875 New
EMFAT
75
Emerald Mutual Fund Advisers Trust
Pennsylvania
$701K – – –
1 2
3
4 5

INDB Hedge Fund Activity: Q1 2016 in Review

152 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q1 2016, worth a combined $911M — up 0.74% from $904M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new INDB positions and 12 closed out — a net gain of 6 holders — while 65 added to existing stakes and 39 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $4.67M. The largest seller was Channing Capital Management, cutting an estimated $7.11M.

  • 152 institutional investors held Independent Bank (INDB) as of Q1 2016, up from 146 in Q4 2015.
  • Funds reported $911M of Independent Bank stock for Q1 2016, up 0.74% quarter-over-quarter.
  • 18 funds opened new Independent Bank positions in Q1 2016 and 12 closed out, a net change of +6 holders.
  • The largest Independent Bank buyer in Q1 2016 was Goldman Sachs, an estimated $4.67M added.
  • The largest Independent Bank seller in Q1 2016 was Channing Capital Management, an estimated $7.11M sold.

Based on aggregated 13F filings for Q1 2016.