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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
SO
126
STRS Ohio
Ohio
$982K -$53.3K -800 -5%
BBHC
127
Brown Brothers Harriman & Co
New York
$982K – – –
TRSOTSOK
128
Teachers Retirement System of the State of Kentucky
Kentucky
$956K – – –
Pathstone Holdings
129
Pathstone Holdings
New Jersey
$947K +$115K +1,726 +13%
MSRPS
130
Maryland State Retirement & Pension System
Maryland
$921K – – –
NERM
131
New England Research & Management
Illinois
$895K -$9.47K -142 -1%
IC
132
IEQ Capital
California
$892K +$505K +7,582 +120%
Cerity Partners
133
Cerity Partners
New York
$872K -$43.2K -648 -4%
CAPTRUST Financial Advisors
134
CAPTRUST Financial Advisors
North Carolina
$822K -$25.7K -385 -3%
VOYA Investment Management
135
VOYA Investment Management
Georgia
$822K -$60.1K -901 -7%
AB
136
Amalgamated Bank
New York
$798K -$4.27K -64 -0.5%
ASRS
137
Arizona State Retirement System
Arizona
$791K +$6.73K +101 +0.8%
Tudor Investment Corp
138
Tudor Investment Corp
Connecticut
$787K -$996K -14,940 -55%
Focus Partners Wealth
139
Focus Partners Wealth
Massachusetts
$749K +$293K +4,397 +60%
Carson Wealth (CWM LLC)
140
Carson Wealth (CWM LLC)
Nebraska
$736K +$20.7K +310 +3%
Royal Bank of Canada
141
Royal Bank of Canada
Ontario, Canada
$722K +$90.2K +1,353 +14%
Natixis Advisors
142
Natixis Advisors
Massachusetts
$722K +$750K +11,252 New
Nisa Investment Advisors
143
Nisa Investment Advisors
Missouri
$712K – – –
Zurich Cantonal Bank
144
Zurich Cantonal Bank
Switzerland
$665K +$62.7K +941 +10%
Handelsbanken Fonder
145
Handelsbanken Fonder
Sweden
$650K +$86.7K +1,300 +15%
OPERF
146
Oregon Public Employees Retirement Fund
Oregon
$644K – – –
AOCA
147
Angel Oak Capital Advisors
Georgia
$642K +$667K +10,000 New
CPSC
148
Carl P. Sherr & Co
Massachusetts
$640K +$263K +3,950 +66%
Fidelity Investments
149
Fidelity Investments
Massachusetts
$640K -$1.12M -16,759 -63%
AACP
150
Advantage Alpha Capital Partners
California
$640K +$75.9K +1,139 +13%
4 5
6
7 8

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.