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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$7.02M |
| 2 |
SAM
Silvercrest Asset Management
New York
|
+$6.35M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
+$3.58M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.13M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$2.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
-$1.95M |
| 2 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
-$1.51M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$919K |
| 4 |
JP Morgan Chase
New York
|
-$724K |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$658K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
126
Ladenburg Thalmann Financial Services
Miami,
Florida
| $14K | – | – | – |
|
127
BNP Paribas Financial Markets
Paris,
France
| $12K | -$220K | -6,005 | -95% |
|
|
GT
128
Glenmede Trust
Philadelphia,
Pennsylvania
| $11K | – | – | – |
|
|
EFSCE
129
Enterprise Financial Services Corp (EFSC)
Clayton,
Missouri
| $3K | – | – | – |
|
|
CA
130
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
| – | -$1.95M | -54,624 | Closed |
|
131
ProShare Advisors
Bethesda,
Maryland
| – | -$536K | -15,021 | Closed |
|
132
SG Americas Securities
New York
| – | -$147K | -4,104 | Closed |
|
|
PCM
133
Prelude Capital Management
New York
| – | -$25K | -700 | Closed |
|
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.