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Independent Bank
INDB

130 hedge funds and large institutions have $646M invested in Independent Bank in 2013 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 52 increasing their positions, 30 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

425% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 4

73% more repeat investments, than reductions

Existing positions increased: 52 | Existing positions reduced: 30

16% more capital invested

Capital invested by funds: $556M → $646M (+$89.6M)

15% more funds holding

Funds holding: 113 → 130 (+17)

Holders
130
Holders Change
+17
Holders Change %
+15.04%
% of All Funds
3.77%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
21
Increased
52
Reduced
30
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
State Street
State Street
Massachusetts
+$7.02M
2
SAM
Silvercrest Asset Management
New York
+$6.35M
3
Victory Capital Management
Victory Capital Management
Texas
+$3.58M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$3.13M
5
BFA
BlackRock Fund Advisors
California
+$2.34M

Top Sellers

Rank Fund Capital Flow
1
CA
Commerzbank Aktiengesellschaft
Germany
-$1.95M
2
BTW
Boston Trust Walden
Massachusetts
-$1.51M
3
Deutsche Bank
Deutsche Bank
Germany
-$919K
4
JP Morgan Chase
JP Morgan Chase
New York
-$724K
5
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
-$658K
Name Holding Trade Value Shares
Change 		Change in
Stake
B
76
Baird
Wisconsin
$568K +$2.2K +60 +0.4%
D.E. Shaw & Co
77
D.E. Shaw & Co
New York
$561K +$525K +14,312 New
PA
78
Profund Advisors
Maryland
$529K +$116K +3,148 +30%
VOYA Investment Management
79
VOYA Investment Management
Georgia
$514K – – –
Deutsche Bank
80
Deutsche Bank
Germany
$509K -$919K -25,036 -66%
HW
81
Hancock Whitney
Mississippi
$501K +$470K +12,800 New
SCM
82
Stevens Capital Management
Pennsylvania
$487K +$80.1K +2,184 +21%
TRSOTSOK
83
Teachers Retirement System of the State of Kentucky
Kentucky
$450K – – –
Public Employees Retirement Association of Colorado
84
Public Employees Retirement Association of Colorado
Colorado
$427K – – –
LSERS
85
Louisiana State Employees Retirement System
Louisiana
$415K +$389K +10,600 New
T. Rowe Price Associates
86
T. Rowe Price Associates
Maryland
$394K +$36.7K +1,000 +11%
Citigroup
87
Citigroup
New York
$388K +$198K +5,392 +119%
Citadel Advisors
88
Citadel Advisors
Florida
$357K +$334K +9,106 New
CAM
89
Capstone Asset Management
Texas
$339K -$98.5K -2,684 -24%
Thrivent Financial for Lutherans
90
Thrivent Financial for Lutherans
Minnesota
$329K +$3.67K +100 +1%
Nomura Holdings
91
Nomura Holdings
Japan
$329K +$309K +8,435 New
BFM
92
Boston Financial Management
Massachusetts
$297K – – –
PP
93
PDT Partners
New York
$262K -$75.1K -2,048 -23%
GMIM
94
General Motors Investment Management
New York
$258K +$242K +6,587 New
Millennium Management
95
Millennium Management
New York
$257K -$645K -17,576 -73%
Commonwealth Equity Services
96
Commonwealth Equity Services
Massachusetts
$256K +$29.6K +808 +14%
PI
97
PineBridge Investments
New York
$241K +$132K +3,610 +142%
GIA
98
GHP Investment Advisors
Colorado
$238K +$223K +6,090 New
MAA
99
Managed Account Advisors
New Jersey
$227K +$205K +5,578 +2,457%
WTNA
100
Wilmington Trust National Association
Delaware
$219K -$18.3K -500 -8%
2 3
4
5 6

INDB Hedge Fund Activity: Q4 2013 in Review

130 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q4 2013, worth a combined $646M — up 16% from $556M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new INDB positions and 4 closed out — a net gain of 17 holders — while 52 added to existing stakes and 30 trimmed.

The largest buyer was State Street, adding an estimated $7.02M. The largest seller was Commerzbank Aktiengesellschaft, exiting entirely with an estimated $1.95M sold.

  • 130 institutional investors held Independent Bank (INDB) as of Q4 2013, up from 113 in Q3 2013.
  • Funds reported $646M of Independent Bank stock for Q4 2013, up 16% quarter-over-quarter.
  • 21 funds opened new Independent Bank positions in Q4 2013 and 4 closed out, a net change of +17 holders.
  • The largest Independent Bank buyer in Q4 2013 was State Street, an estimated $7.02M added.
  • The largest Independent Bank seller in Q4 2013 was Commerzbank Aktiengesellschaft, an estimated $1.95M sold.

Based on aggregated 13F filings for Q4 2013.