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Independent Bank
INDB

190 hedge funds and large institutions have $1.84B invested in Independent Bank in 2018 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 59 increasing their positions, 62 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

250% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 8

11% more funds holding

Funds holding: 171 → 190 (+19)

4% more capital invested

Capital invested by funds: $1.76B → $1.84B (+$78.8M)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

0.67% less ownership

Funds ownership: 82.02% → 81.35% (-0.67%)

5% less repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 62

Holders
190
Holders Change
+19
Holders Change %
+11.11%
% of All Funds
4.34%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
28
Increased
59
Reduced
62
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$12M
2
Macquarie Group
Macquarie Group
Australia
+$9.02M
3
CIP
Champlain Investment Partners
Vermont
+$8.37M
4
CEP
Chicago Equity Partners
Illinois
+$8.21M
5
WG
Winton Group
United Kingdom
+$7.2M

Top Sellers

Rank Fund Capital Flow
1
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$26.4M
2
Victory Capital Management
Victory Capital Management
Texas
-$19.7M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$11.3M
4
Janus Henderson Group
Janus Henderson Group
United Kingdom
-$6.31M
5
PP
Prudential plc
United Kingdom
-$4.92M
Name Holding Trade Value Shares
Change 		Change in
Stake
AllianceBernstein
51
AllianceBernstein
Tennessee
$2.99M – – –
New York State Teachers Retirement System (NYSTRS)
52
New York State Teachers Retirement System (NYSTRS)
New York
$2.91M – – –
New York State Common Retirement Fund
53
New York State Common Retirement Fund
New York
$2.84M +$166K +1,900 +6%
Canada Life
54
Canada Life
Manitoba, Canada
$2.79M -$104K -1,187 -3%
Barclays
55
Barclays
United Kingdom
$2.59M +$1.86M +21,316 +212%
RC
56
RBF Capital
California
$2.48M – – –
Citadel Advisors
57
Citadel Advisors
Florida
$2.4M +$1.07M +12,236 +73%
AQR Capital Management
58
AQR Capital Management
Connecticut
$2.31M -$403K -4,624 -14%
AWM
59
Aries Wealth Management
Maine
$2.29M -$87.2K -1,000 -3%
NERM
60
New England Research & Management
Illinois
$2.24M -$13.1K -150 -0.5%
Comerica Bank
61
Comerica Bank
Texas
$2.08M -$217K -2,492 -9%
OCG
62
Opus Capital Group
Ohio
$2.05M +$23.7K +272 +1%
Lazard Asset Management
63
Lazard Asset Management
New York
$1.88M +$1.98M +22,737 New
State of Tennessee, Department of Treasury
64
State of Tennessee, Department of Treasury
Tennessee
$1.79M +$250K +2,869 +15%
AIG
65
American International Group
New York
$1.77M +$34.8K +399 +2%
PI
66
PineBridge Investments
New York
$1.75M -$267K -3,065 -13%
Millennium Management
67
Millennium Management
New York
$1.71M +$1.8M +20,670 New
PAM
68
Panagora Asset Management
Massachusetts
$1.64M +$1.73M +19,818 New
EM
69
Excalibur Management
Massachusetts
$1.63M – – –
HSBC Holdings
70
HSBC Holdings
United Kingdom
$1.6M +$1.7M +19,451 New
Public Sector Pension Investment Board (PSP Investments)
71
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.59M +$136K +1,562 +9%
Thrivent Financial for Lutherans
72
Thrivent Financial for Lutherans
Minnesota
$1.59M +$32.3K +370 +2%
UBS AM
73
UBS AM
Illinois
$1.43M +$27.8K +319 +2%
TPSF
74
Texas Permanent School Fund
Texas
$1.43M -$41.2K -472 -3%
CT
75
Cambridge Trust
Massachusetts
$1.42M – – –
1 2
3
4 5

INDB Hedge Fund Activity: Q3 2018 in Review

190 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q3 2018, worth a combined $1.84B — up 4.5% from $1.76B a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new INDB positions and 8 closed out — a net gain of 20 holders — while 59 added to existing stakes and 62 trimmed.

The largest buyer was BlackRock, adding an estimated $12M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $26.4M.

  • 190 institutional investors held Independent Bank (INDB) as of Q3 2018, up from 171 in Q2 2018.
  • Funds reported $1.84B of Independent Bank stock for Q3 2018, up 4.5% quarter-over-quarter.
  • 28 funds opened new Independent Bank positions in Q3 2018 and 8 closed out, a net change of +20 holders.
  • The largest Independent Bank buyer in Q3 2018 was BlackRock, an estimated $12M added.
  • The largest Independent Bank seller in Q3 2018 was Manulife (Manufacturers Life Insurance), an estimated $26.4M sold.

Based on aggregated 13F filings for Q3 2018.