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Independent Bank
INDB

169 hedge funds and large institutions have $1.45B invested in Independent Bank in 2016 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 56 increasing their positions, 51 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 9

79.19% more ownership

Funds ownership: 0% → 79.19% (+79%)

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

31% more capital invested

Capital invested by funds: $1.11B → $1.45B (+$342M)

12% more funds holding

Funds holding: 151 → 169 (+18)

10% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 51

Holders
169
Holders Change
+18
Holders Change %
+11.92%
% of All Funds
4.22%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.07%
New
30
Increased
56
Reduced
51
Closed
9
Calls
$3K
Puts
–
Net Calls
+$3K
Net Calls Change
-$1K

Top Buyers

Rank Fund Capital Flow
1
BFA
BlackRock Fund Advisors
California
+$17.9M
2
PCM
Polaris Capital Management
Massachusetts
+$6.49M
3
State Street
State Street
Massachusetts
+$5.9M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$5.55M
5
Morgan Stanley
Morgan Stanley
New York
+$4.62M

Top Sellers

Rank Fund Capital Flow
1
SAM
Silvercrest Asset Management
New York
-$15.7M
2
IAM
Impax Asset Management
New Hampshire
-$13.7M
3
MTB
Mizuho Trust & Banking
Japan
-$6.07M
4
Macquarie Group
Macquarie Group
Australia
-$4.6M
5
Ameriprise
Ameriprise
Minnesota
-$3.63M
Name Holding Trade Value Shares
Change 		Change in
Stake
PAM
51
Panagora Asset Management
Massachusetts
$2.87M +$260K +4,245 +12%
AllianceBernstein
52
AllianceBernstein
Tennessee
$2.73M – – –
Bank of America
53
Bank of America
North Carolina
$2.71M -$384K -6,264 -14%
Deutsche Bank
54
Deutsche Bank
Germany
$2.67M -$721K -11,758 -24%
Canada Life
55
Canada Life
Manitoba, Canada
$2.5M +$11.8K +193 +0.5%
New York State Teachers Retirement System (NYSTRS)
56
New York State Teachers Retirement System (NYSTRS)
New York
$2.47M – – –
Susquehanna International Group
57
Susquehanna International Group
Pennsylvania
$2.39M +$2.08M +33,901 New
MC
58
Moors & Cabot
Massachusetts
$2.35M +$764K +12,445 +59%
New York State Common Retirement Fund
59
New York State Common Retirement Fund
New York
$2.27M – – –
NFA
60
Nationwide Fund Advisors
Ohio
$2.16M -$106K -1,735 -5%
CS
61
Credit Suisse
Switzerland
$2.15M +$598K +9,744 +47%
RC
62
RBF Capital
California
$2.11M – – –
KeyBank National Association
63
KeyBank National Association
Ohio
$2.05M -$42.9K -700 -2%
Comerica Bank
64
Comerica Bank
Texas
$1.97M +$132K +2,148 +8%
California Public Employees Retirement System
65
California Public Employees Retirement System
California
$1.9M -$215K -3,500 -12%
EM
66
Excalibur Management
Massachusetts
$1.81M -$123K -2,000 -7%
CT
67
Cambridge Trust
Massachusetts
$1.73M – – –
VOYA Investment Management
68
VOYA Investment Management
Georgia
$1.72M +$614K +10,013 +70%
State of Tennessee, Department of Treasury
69
State of Tennessee, Department of Treasury
Tennessee
$1.48M – – –
HW
70
Hancock Whitney
Mississippi
$1.43M – – –
NSEDCP
71
NJ State Employees Deferred Compensation Plan
New Jersey
$1.41M – – –
TPSF
72
Texas Permanent School Fund
Texas
$1.39M -$22.3K -364 -2%
NERM
73
New England Research & Management
Illinois
$1.36M -$29.9K -488 -2%
AIG
74
American International Group
New York
$1.35M -$10.9K -177 -0.9%
Public Sector Pension Investment Board (PSP Investments)
75
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.35M +$36.8K +600 +3%
1 2
3
4 5

INDB Hedge Fund Activity: Q4 2016 in Review

169 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q4 2016, worth a combined $1.45B — up 31% from $1.11B a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new INDB positions and 9 closed out — a net gain of 21 holders — while 56 added to existing stakes and 51 trimmed.

The largest buyer was BlackRock Fund Advisors, adding an estimated $17.9M. The largest seller was Silvercrest Asset Management, cutting an estimated $15.7M.

  • 169 institutional investors held Independent Bank (INDB) as of Q4 2016, up from 151 in Q3 2016.
  • Funds reported $1.45B of Independent Bank stock for Q4 2016, up 31% quarter-over-quarter.
  • 30 funds opened new Independent Bank positions in Q4 2016 and 9 closed out, a net change of +21 holders.
  • The largest Independent Bank buyer in Q4 2016 was BlackRock Fund Advisors, an estimated $17.9M added.
  • The largest Independent Bank seller in Q4 2016 was Silvercrest Asset Management, an estimated $15.7M sold.

Based on aggregated 13F filings for Q4 2016.