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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
LPL Financial
101
LPL Financial
California
$1.55M +$120K +1,800 +8%
SOADOR
102
State of Alaska Department of Revenue
Alaska
$1.55M -$9.6K -144 -0.6%
SP
103
Stablepoint Partners
Massachusetts
$1.5M +$24.1K +361 +2%
Wealth Enhancement Advisory Services
104
Wealth Enhancement Advisory Services
Minnesota
$1.49M -$85.7K -1,285 -5%
IMRF
105
Illinois Municipal Retirement Fund
Illinois
$1.47M -$46.8K -702 -3%
EM
106
Excalibur Management
Massachusetts
$1.47M -$66.7K -1,000 -4%
EB
107
Eastern Bank
Massachusetts
$1.46M -$32.3K -485 -2%
CF
108
Corebridge Financial
Texas
$1.45M -$118K -1,764 -7%
Envestnet Asset Management
109
Envestnet Asset Management
Illinois
$1.37M +$172K +2,578 +14%
Amundi
110
Amundi
France
$1.34M +$929K +13,940 +186%
Janus Henderson Group
111
Janus Henderson Group
United Kingdom
$1.33M – – –
LSERS
112
Louisiana State Employees Retirement System
Louisiana
$1.32M – – –
LCM
113
Legato Capital Management
California
$1.3M +$66.1K +992 +5%
MCM
114
Maltese Capital Management
New York
$1.28M +$1.33M +20,000 New
State of Tennessee, Department of Treasury
115
State of Tennessee, Department of Treasury
Tennessee
$1.26M -$1.02M -15,238 -44%
BNP Paribas Financial Markets
116
BNP Paribas Financial Markets
France
$1.22M -$400K -5,994 -24%
GT
117
Glenmede Trust
Pennsylvania
$1.22M +$127K +1,912 +11%
A
118
AlphaQuest
New York
$1.19M -$1.88M -28,147 -60%
D.E. Shaw & Co
119
D.E. Shaw & Co
New York
$1.19M -$6.45M -96,785 -84%
Ensign Peak Advisors
120
Ensign Peak Advisors
Utah
$1.18M – – –
KFS
121
Kelly Financial Services
Massachusetts
$1.16M – – –
YIH
122
Y-Intercept (HK)
Hong Kong
$1.11M -$346K -5,189 -23%
AWM
123
Aries Wealth Management
Maine
$1.05M – – –
YCM
124
Yousif Capital Management
Michigan
$1.03M -$29.4K -441 -3%
Comerica Bank
125
Comerica Bank
Texas
$1M -$34.3K -515 -3%
3 4
5
6 7

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.