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Independent Bank
INDB

131 hedge funds and large institutions have $609M invested in Independent Bank in 2014 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 50 increasing their positions, 38 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

32% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 38

3% less funds holding

Funds holding: 135 → 131 (-4)

10% less capital invested

Capital invested by funds: $677M → $609M (-$67.7M)

27% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 11

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $29K

Holders
131
Holders Change
-4
Holders Change %
-2.96%
% of All Funds
3.8%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
8
Increased
50
Reduced
38
Closed
11
Calls
–
Puts
$29K
Net Calls
-$29K
Net Calls Change
+$38K

Top Buyers

Rank Fund Capital Flow
1
RFC
Russell Frank Company
Washington
+$3.92M
2
CCM
Channing Capital Management
Illinois
+$3.48M
3
CIP
Champlain Investment Partners
Vermont
+$2.67M
4
Macquarie Group
Macquarie Group
Australia
+$1.98M
5
Victory Capital Management
Victory Capital Management
Texas
+$1.57M

Top Sellers

Rank Fund Capital Flow
1
Norges Bank
Norges Bank
Norway
-$8.84M
2
State Street
State Street
Massachusetts
-$3.35M
3
BFA
BlackRock Fund Advisors
California
-$1.35M
4
BIT
BlackRock Institutional Trust
California
-$915K
5
PP
Prudential plc
United Kingdom
-$741K
Name Holding Trade Value Shares
Change 		Change in
Stake
GAM
126
Gemmer Asset Management
California
$4K – – –
PNC Financial Services Group
127
PNC Financial Services Group
Pennsylvania
$3K – – –
GSC
128
Ground Swell Capital
South Carolina
$3K +$3.47K +94 New
EFSCE
129
Enterprise Financial Services Corp (EFSC)
Missouri
$2K – – –
Creative Planning
130
Creative Planning
Kansas
$1K +$1.33K +36 New
PCMF
131
Private Capital Management (Florida)
Florida
– -$673K -17,523 Closed
HW
132
Hancock Whitney
Mississippi
– -$491K -12,800 Closed
ARC
133
Absolute Return Capital
Massachusetts
– -$388K -10,099 Closed
D.E. Shaw & Co
134
D.E. Shaw & Co
New York
– -$370K -9,644 Closed
Susquehanna International Group
135
Susquehanna International Group
Pennsylvania
– -$274K -7,152 Closed
B
136
Baird
Wisconsin
– -$254K -6,627 Closed
PP
137
PDT Partners
New York
– -$207K -5,387 Closed
VFA
138
Virtus Fund Advisers
Connecticut
– -$78K -2,039 Closed
TRCT
139
Tower Research Capital (TRC)
New York
– -$15.1K -409 -99%
Federated Hermes
140
Federated Hermes
Pennsylvania
– -$5K -131 Closed
Bessemer Group
141
Bessemer Group
New Jersey
– -$3K -73 Closed
CAW
142
Cornerstone Advisors (Washington)
Washington
– -$1K -14 Closed
2 3 4 5
6

INDB Hedge Fund Activity: Q3 2014 in Review

131 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q3 2014, worth a combined $609M — down 10% from $677M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of INDB and 8 opened new positions — a net loss of 3 holders — while 38 trimmed existing stakes and 50 added.

The largest buyer was Russell Frank Company, adding an estimated $3.92M. The largest seller was Norges Bank, cutting an estimated $8.84M.

  • 131 institutional investors held Independent Bank (INDB) as of Q3 2014, down from 135 in Q2 2014.
  • Funds reported $609M of Independent Bank stock for Q3 2014, down 10% quarter-over-quarter.
  • 8 funds opened new Independent Bank positions in Q3 2014 and 11 closed out, a net change of -3 holders.
  • The largest Independent Bank buyer in Q3 2014 was Russell Frank Company, an estimated $3.92M added.
  • The largest Independent Bank seller in Q3 2014 was Norges Bank, an estimated $8.84M sold.

Based on aggregated 13F filings for Q3 2014.