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Independent Bank
INDB

139 hedge funds and large institutions have $848M invested in Independent Bank in 2015 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 69 increasing their positions, 24 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

188% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 24

100% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 7

11% more capital invested

Capital invested by funds: $765M → $848M (+$83.1M)

5% more funds holding

Funds holding: 133 → 139 (+6)

67% less funds holding in top 10

Funds holding in top 10: 3 → 1 (-2)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $4K

Holders
139
Holders Change
+6
Holders Change %
+4.51%
% of All Funds
3.7%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.03%
New
14
Increased
69
Reduced
24
Closed
7
Calls
–
Puts
$4K
Net Calls
-$4K
Net Calls Change
+$17K

Top Buyers

1
PIM
Perkins Investment Management
Illinois
+$8.17M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$8.15M
3
IAM
Impax Asset Management
New Hampshire
+$8.13M
4
BFA
BlackRock Fund Advisors
California
+$7.19M
5
PWLP
Prio Wealth Limited Partnership
Massachusetts
+$6.33M

Top Sellers

1
HA
Heartland Advisors
Wisconsin
-$12M
2
RFC
Russell Frank Company
Washington
-$5.88M
3
Norges Bank
Norges Bank
Norway
-$1.01M
4
Comerica Bank
Comerica Bank
Texas
-$847K
5
NERM
New England Research & Management
Illinois
-$840K
Name Holding Trade Value Shares
Change 		Change in
Stake
VOYA Investment Management
76
VOYA Investment Management
Georgia
$575K – – –
JMPWA
77
JP Morgan Private Wealth Advisors
California
$514K -$24.3K -590 -5%
TRSOTSOK
78
Teachers Retirement System of the State of Kentucky
Kentucky
$505K – – –
FP
79
Foundry Partners
Minnesota
$501K +$6.42K +156 +1%
LSERS
80
Louisiana State Employees Retirement System
Louisiana
$500K +$4.12K +100 +0.9%
CAM
81
Capstone Asset Management
Texas
$494K +$75.7K +1,840 +20%
UBS AM
82
UBS AM
Illinois
$487K +$156K +3,800 +52%
Public Employees Retirement Association of Colorado
83
Public Employees Retirement Association of Colorado
Colorado
$478K – – –
T. Rowe Price Associates
84
T. Rowe Price Associates
Maryland
$441K – – –
MC
85
Moors & Cabot
Massachusetts
$429K +$206 +5 +0.1%
Thrivent Financial for Lutherans
86
Thrivent Financial for Lutherans
Minnesota
$423K +$37K +900 +10%
CS
87
Credit Suisse
Switzerland
$421K +$29.3K +711 +8%
MAA
88
Managed Account Advisors
New Jersey
$377K +$72.8K +1,769 +26%
MAM
89
Martingale Asset Management
Massachusetts
$338K -$574K -13,957 -64%
AG
90
Aperio Group
California
$326K +$45.3K +1,101 +17%
PI
91
PineBridge Investments
New York
$296K +$57K +1,384 +26%
WCM
92
Wedge Capital Management
North Carolina
$285K – – –
BFM
93
Boston Financial Management
Massachusetts
$281K – – –
GIA
94
GHP Investment Advisors
Colorado
$269K +$288 +7 +0.1%
UBS Group
95
UBS Group
Switzerland
$268K -$24.2K -587 -9%
AA
96
AQR Arbitrage
Connecticut
$255K +$240K +5,821 New
PA
97
Profund Advisors
Maryland
$252K +$236K +5,745 New
ProShare Advisors
98
ProShare Advisors
Maryland
$247K -$576 -14 -0.2%
VKH
99
Virtu KCG Holdings
New York
$245K +$229K +5,576 New
NPA
100
Nichols & Pratt Advisers
Massachusetts
$219K – – –
2 3
4
5 6

INDB Hedge Fund Activity: Q1 2015 in Review

139 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q1 2015, worth a combined $848M — up 11% from $765M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new INDB positions and 7 closed out — a net gain of 7 holders — while 69 added to existing stakes and 24 trimmed.

The largest buyer was Perkins Investment Management, opening a new position worth an estimated $8.17M. The largest seller was Heartland Advisors, cutting an estimated $12M.

  • 139 institutional investors held Independent Bank (INDB) as of Q1 2015, up from 133 in Q4 2014.
  • Funds reported $848M of Independent Bank stock for Q1 2015, up 11% quarter-over-quarter.
  • 14 funds opened new Independent Bank positions in Q1 2015 and 7 closed out, a net change of +7 holders.
  • The largest Independent Bank buyer in Q1 2015 was Perkins Investment Management, an estimated $8.17M added.
  • The largest Independent Bank seller in Q1 2015 was Heartland Advisors, an estimated $12M sold.

Based on aggregated 13F filings for Q1 2015.