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Independent Bank
INDB

286 hedge funds and large institutions have $2.28B invested in Independent Bank in 2024 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 93 increasing their positions, 109 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

542% more call options, than puts

Call options by funds: $289K | Put options by funds: $45K

12% more capital invested

Capital invested by funds: $2.04B → $2.28B (+$246M)

2.61% more ownership

Funds ownership: 81% → 83.61% (+2.6%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2% less funds holding

Funds holding: 292 → 286 (-6)

14% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 35

15% less repeat investments, than reductions

Existing positions increased: 93 | Existing positions reduced: 109

Holders
286
Holders Change
-6
Holders Change %
-2.05%
% of All Funds
3.77%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
30
Increased
93
Reduced
109
Closed
35
Calls
$289K
Puts
$45K
Net Calls
+$244K
Net Calls Change
+$273K

Top Buyers

1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
+$55.2M
2
Verition Fund Management
Verition Fund Management
Connecticut
+$25.2M
3
State Street
State Street
Massachusetts
+$19.1M
4
Russell Investments Group
Russell Investments Group
United Kingdom
+$8.13M
5
New York State Common Retirement Fund
New York State Common Retirement Fund
New York
+$5.9M

Top Sellers

1
Victory Capital Management
Victory Capital Management
Texas
-$9.17M
2
Morgan Stanley
Morgan Stanley
New York
-$8.86M
3
Millennium Management
Millennium Management
New York
-$7.88M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$6.45M
5
Northern Trust
Northern Trust
Illinois
-$6.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
First Trust Advisors
51
First Trust Advisors
Illinois
$6.55M -$393K -5,899 -5%
New York State Common Retirement Fund
52
New York State Common Retirement Fund
New York
$6.51M +$5.9M +88,448 +681%
GLA
53
Great Lakes Advisors
Illinois
$6.33M -$204K -3,058 -3%
UBS AM
54
UBS AM
Illinois
$6.24M +$949K +14,236 +17%
CAG
55
Crestwood Advisors Group
Massachusetts
$6.2M -$228K -3,425 -3%
Barclays
56
Barclays
United Kingdom
$6.12M +$21.3K +320 +0.3%
Assenagon Asset Management
57
Assenagon Asset Management
Luxembourg
$5.59M +$5.8M +87,029 New
Citadel Advisors
58
Citadel Advisors
Florida
$5.52M +$1.54M +23,162 +37%
Swiss National Bank
59
Swiss National Bank
Switzerland
$5.36M +$46.7K +700 +0.8%
Prudential Financial
60
Prudential Financial
New Jersey
$5.34M -$961K -14,410 -15%
HCM
61
Howland Capital Management
Massachusetts
$4.81M – – –
California Public Employees Retirement System
62
California Public Employees Retirement System
California
$4.06M -$41.4K -621 -1%
SEI Investments
63
SEI Investments
Pennsylvania
$4.04M -$554K -8,306 -12%
SCP
64
Siena Capital Partners
Illinois
$3.85M – – –
HAI
65
Hennessy Advisors Inc
California
$3.72M -$133K -2,000 -3%
State of Wisconsin Investment Board
66
State of Wisconsin Investment Board
Wisconsin
$3.61M +$127K +1,902 +3%
Commonwealth Equity Services
67
Commonwealth Equity Services
Massachusetts
$3.49M -$83.2K -1,248 -2%
WAM
68
Weiss Asset Management
Massachusetts
$3.44M +$3.58M +53,629 New
IWC
69
Integrated Wealth Concepts
Massachusetts
$3.4M +$176K +2,640 +5%
WIA
70
World Investment Advisors
California
$3.32M +$1.47K +22 +0%
Rafferty Asset Management
71
Rafferty Asset Management
New York
$3.28M -$142K -2,130 -4%
Squarepoint
72
Squarepoint
New York
$3.21M +$3.33M +49,961 New
Brown Advisory
73
Brown Advisory
Maryland
$3.15M – – –
UBS Group
74
UBS Group
Switzerland
$3.13M +$518K +7,776 +19%
DIA
75
Dean Investment Associates
Ohio
$3.07M -$89.7K -1,345 -3%
1 2
3
4 5

INDB Hedge Fund Activity: Q4 2024 in Review

286 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q4 2024, worth a combined $2.28B — up 12% from $2.04B a quarter earlier.

Sellers outnumbered buyers: 35 funds closed out of INDB and 30 opened new positions — a net loss of 5 holders — while 109 trimmed existing stakes and 93 added.

The largest buyer was DePrince Race & Zollo Inc (DRZ), adding an estimated $55.2M. The largest seller was Victory Capital Management, cutting an estimated $9.17M.

  • 286 institutional investors held Independent Bank (INDB) as of Q4 2024, down from 292 in Q3 2024.
  • Funds reported $2.28B of Independent Bank stock for Q4 2024, up 12% quarter-over-quarter.
  • 30 funds opened new Independent Bank positions in Q4 2024 and 35 closed out, a net change of -5 holders.
  • The largest Independent Bank buyer in Q4 2024 was DePrince Race & Zollo Inc (DRZ), an estimated $55.2M added.
  • The largest Independent Bank seller in Q4 2024 was Victory Capital Management, an estimated $9.17M sold.

Based on aggregated 13F filings for Q4 2024.