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Independent Bank
INDB

196 hedge funds and large institutions have $1.97B invested in Independent Bank in 2019 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 87 increasing their positions, 47 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

85% more repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 47

23% more capital invested

Capital invested by funds: $1.6B → $1.97B (+$368M)

12% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 25

5.31% more ownership

Funds ownership: 81.77% → 87.07% (+5.3%)

1% more funds holding

Funds holding: 194 → 196 (+2)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
196
Holders Change
+2
Holders Change %
+1.03%
% of All Funds
4.24%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.06%
New
28
Increased
87
Reduced
47
Closed
25
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$40.3M
2
CCM
Channing Capital Management
Illinois
+$20.6M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$20M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$10.9M
5
CIP
Champlain Investment Partners
Vermont
+$9.06M

Top Sellers

Rank Fund Capital Flow
1
WA
Wasatch Advisors
Utah
-$17.9M
2
SAM
Silvercrest Asset Management
New York
-$4.75M
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$2.71M
4
3C
361 Capital
Colorado
-$2.37M
5
Morgan Stanley
Morgan Stanley
New York
-$2.31M
Name Holding Trade Value Shares
Change 		Change in
Stake
PAM
51
Panagora Asset Management
Massachusetts
$2.65M +$736K +9,288 +40%
Public Sector Pension Investment Board (PSP Investments)
52
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.54M +$578K +7,300 +30%
RC
53
RBF Capital
California
$2.43M – – –
JP Morgan Chase
54
JP Morgan Chase
New York
$2.42M -$1.02M -12,847 -30%
Comerica Bank
55
Comerica Bank
Texas
$2.4M +$44.5K +562 +2%
AWM
56
Aries Wealth Management
Maine
$2.25M – – –
DIA
57
Dana Investment Advisors
Wisconsin
$2.17M +$2.12M +26,790 New
Thrivent Financial for Lutherans
58
Thrivent Financial for Lutherans
Minnesota
$2.13M +$518K +6,539 +33%
Barclays
59
Barclays
United Kingdom
$2.06M +$764K +9,644 +61%
Citigroup
60
Citigroup
New York
$1.91M +$822K +10,377 +78%
TPSF
61
Texas Permanent School Fund
Texas
$1.89M +$391K +4,934 +27%
CS
62
Credit Suisse
Switzerland
$1.83M +$641K +8,083 +55%
Morgan Stanley
63
Morgan Stanley
New York
$1.79M -$2.31M -29,197 -57%
AIG
64
American International Group
New York
$1.76M +$41.8K +528 +2%
VF
65
Virtu Financial
New York
$1.75M +$1.43M +18,033 +504%
UBS AM
66
UBS AM
Illinois
$1.67M +$255K +3,212 +18%
Deutsche Bank
67
Deutsche Bank
Germany
$1.63M -$951K -11,999 -37%
EM
68
Excalibur Management
Massachusetts
$1.6M – – –
T. Rowe Price Associates
69
T. Rowe Price Associates
Maryland
$1.51M +$380K +4,794 +35%
BNP Paribas Financial Markets
70
BNP Paribas Financial Markets
France
$1.32M +$1.24M +15,656 +2,333%
NERM
71
New England Research & Management
Illinois
$1.32M -$27.7K -350 -2%
CT
72
Cambridge Trust
Massachusetts
$1.24M -$158K -2,000 -12%
State Board of Administration of Florida Retirement System
73
State Board of Administration of Florida Retirement System
Florida
$1.1M -$170K -2,148 -14%
KeyBank National Association
74
KeyBank National Association
Ohio
$1.06M -$48.1K -607 -4%
LSERS
75
Louisiana State Employees Retirement System
Louisiana
$1.04M +$189K +2,387 +23%
1 2
3
4 5

INDB Hedge Fund Activity: Q1 2019 in Review

196 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q1 2019, worth a combined $1.97B — up 23% from $1.6B a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new INDB positions and 25 closed out — a net gain of 3 holders — while 87 added to existing stakes and 47 trimmed.

The largest buyer was BlackRock, adding an estimated $40.3M. The largest seller was Wasatch Advisors, cutting an estimated $17.9M.

  • 196 institutional investors held Independent Bank (INDB) as of Q1 2019, up from 194 in Q4 2018.
  • Funds reported $1.97B of Independent Bank stock for Q1 2019, up 23% quarter-over-quarter.
  • 28 funds opened new Independent Bank positions in Q1 2019 and 25 closed out, a net change of +3 holders.
  • The largest Independent Bank buyer in Q1 2019 was BlackRock, an estimated $40.3M added.
  • The largest Independent Bank seller in Q1 2019 was Wasatch Advisors, an estimated $17.9M sold.

Based on aggregated 13F filings for Q1 2019.