Independent Bank
INDB
133 hedge funds and large institutions have $765M invested in Independent Bank in 2014 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 42 increasing their positions, 50 reducing their positions, and 8 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
50% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 8
26% more capital invested
Capital invested by funds: $609M → $765M (+$155M)
2% more funds holding
Funds holding: 131 → 133 (+2)
16% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 50
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $21K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Polaris Capital Management
Boston,
Massachusetts
|
+$11.9M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$8.33M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$5.26M |
| 4 |
New York State Common Retirement Fund
Albany,
New York
|
+$4.24M |
| 5 |
Goldman Sachs
New York
|
+$3.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$3.18M |
| 2 |
DVM
Dreman Value Management
West Palm Beach,
Florida
|
-$2.06M |
| 3 |
RCAMU
Rothschild & Co Asset Management US
Stamford,
Connecticut
|
-$1.25M |
| 4 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
-$1.08M |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$956K |
INDB Hedge Fund Activity: Q4 2014 in Review
133 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q4 2014, worth a combined $765M — up 26% from $609M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new INDB positions and 8 closed out — a net gain of 4 holders — while 42 added to existing stakes and 50 trimmed.
The largest buyer was Polaris Capital Management, opening a new position worth an estimated $11.9M. The largest seller was Brandywine Global Investment Management, cutting an estimated $3.18M.
- 133 institutional investors held Independent Bank (INDB) as of Q4 2014, up from 131 in Q3 2014.
- Funds reported $765M of Independent Bank stock for Q4 2014, up 26% quarter-over-quarter.
- 12 funds opened new Independent Bank positions in Q4 2014 and 8 closed out, a net change of +4 holders.
- The largest Independent Bank buyer in Q4 2014 was Polaris Capital Management, an estimated $11.9M added.
- The largest Independent Bank seller in Q4 2014 was Brandywine Global Investment Management, an estimated $3.18M sold.
Based on aggregated 13F filings for Q4 2014.