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Independent Bank
INDB

135 hedge funds and large institutions have $677M invested in Independent Bank in 2014 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 48 increasing their positions, 40 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 8

20% more repeat investments, than reductions

Existing positions increased: 48 | Existing positions reduced: 40

2% more funds holding

Funds holding: 133 → 135 (+2)

2% more capital invested

Capital invested by funds: $663M → $677M (+$14.3M)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $67K

Holders
135
Holders Change
+2
Holders Change %
+1.5%
% of All Funds
3.88%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
48
Reduced
40
Closed
8
Calls
–
Puts
$67K
Net Calls
-$67K
Net Calls Change
-$67K

Top Buyers

Rank Fund Capital Flow
1
Norges Bank
Norges Bank
Norway
+$8.98M
2
Goldman Sachs
Goldman Sachs
New York
+$2.28M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$1.62M
4
HAI
Hennessy Advisors Inc
California
+$1.5M
5
SAM
Silvercrest Asset Management
New York
+$1.42M

Top Sellers

Rank Fund Capital Flow
1
Federated Hermes
Federated Hermes
Pennsylvania
-$9.52M
2
BFA
BlackRock Fund Advisors
California
-$2.86M
3
PCM
Piermont Capital Management
Missouri
-$2.03M
4
IG
ING Group
Netherlands
-$1.86M
5
BTW
Boston Trust Walden
Massachusetts
-$884K
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
126
Ladenburg Thalmann Financial Services
Florida
$14K – – –
GT
127
Glenmede Trust
Pennsylvania
$11K – – –
Citigroup
128
Citigroup
New York
$8K -$250K -6,664 -97%
ST
129
SpiderRock Trading
Illinois
$8K – – –
Federated Hermes
130
Federated Hermes
Pennsylvania
$5K -$9.52M -254,340 -100%
GAM
131
Gemmer Asset Management
California
$5K – – –
EFSCE
132
Enterprise Financial Services Corp (EFSC)
Missouri
$3K – – –
PNC Financial Services Group
133
PNC Financial Services Group
Pennsylvania
$3K – – –
Bessemer Group
134
Bessemer Group
New Jersey
$3K +$2.73K +73 New
CAW
135
Cornerstone Advisors (Washington)
Washington
$1K – – –
PCM
136
Piermont Capital Management
Missouri
– -$2.03M -51,480 Closed
IG
137
ING Group
Netherlands
– -$1.86M -47,212 Closed
Millennium Management
138
Millennium Management
New York
– -$445K -11,294 Closed
SCM
139
Stevens Capital Management
Pennsylvania
– -$238K -6,052 Closed
GMIM
140
General Motors Investment Management
New York
– -$237K -6,022 Closed
PA
141
Profund Advisors
Maryland
– -$226K -5,744 Closed
DTL
142
Dynamic Technology Lab
Singapore
– -$225K -5,722 Closed
EMG
143
Ellington Management Group
Connecticut
– -$205K -5,200 Closed
2 3 4 5
6

INDB Hedge Fund Activity: Q2 2014 in Review

135 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q2 2014, worth a combined $677M — up 2.2% from $663M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new INDB positions and 8 closed out — a net gain of 2 holders — while 48 added to existing stakes and 40 trimmed.

The largest buyer was Norges Bank, adding an estimated $8.98M. The largest seller was Federated Hermes, cutting an estimated $9.52M.

  • 135 institutional investors held Independent Bank (INDB) as of Q2 2014, up from 133 in Q1 2014.
  • Funds reported $677M of Independent Bank stock for Q2 2014, up 2.2% quarter-over-quarter.
  • 10 funds opened new Independent Bank positions in Q2 2014 and 8 closed out, a net change of +2 holders.
  • The largest Independent Bank buyer in Q2 2014 was Norges Bank, an estimated $8.98M added.
  • The largest Independent Bank seller in Q2 2014 was Federated Hermes, an estimated $9.52M sold.

Based on aggregated 13F filings for Q2 2014.