Independent Bank
INDB
151 hedge funds and large institutions have $1.11B invested in Independent Bank in 2016 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 60 increasing their positions, 44 reducing their positions, and 8 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
36% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 44
16% more capital invested
Capital invested by funds: $956M → $1.11B (+$154M)
1% less funds holding
Funds holding: 152 → 151 (-1)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$7.03M |
| 2 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
+$6.42M |
| 3 |
SAM
Silvercrest Asset Management
New York
|
+$4.8M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.6M |
| 5 |
CEP
Chicago Equity Partners
Chicago,
Illinois
|
+$3.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$35.6M |
| 2 |
EA
Emerald Acquisition
Seattle,
Washington
|
-$3.59M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$3.09M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$3.03M |
| 5 |
HAI
Hennessy Advisors Inc
Novato,
California
|
-$1.78M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Two Sigma Advisers
New York
| – | -$278K | -6,078 | Closed |
|
152
Two Sigma Investments
New York
| – | -$210K | -4,585 | Closed |
|
153
Teacher Retirement System of Texas
Austin,
Texas
| – | -$169K | -3,692 | Closed |
|
154
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$7K | -149 | Closed |
|
155
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$6K | -127 | Closed |
|
|
TRCT
156
Tower Research Capital (TRC)
New York
| – | -$2K | -33 | Closed |
|
INDB Hedge Fund Activity: Q3 2016 in Review
151 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q3 2016, worth a combined $1.11B — up 16% from $956M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of INDB and 7 opened new positions — a net loss of 1 holder — while 44 trimmed existing stakes and 60 added.
The largest buyer was BlackRock Fund Advisors, adding an estimated $7.03M. The largest seller was Macquarie Group, cutting an estimated $35.6M.
- 151 institutional investors held Independent Bank (INDB) as of Q3 2016, down from 152 in Q2 2016.
- Funds reported $1.11B of Independent Bank stock for Q3 2016, up 16% quarter-over-quarter.
- 7 funds opened new Independent Bank positions in Q3 2016 and 8 closed out, a net change of -1 holder.
- The largest Independent Bank buyer in Q3 2016 was BlackRock Fund Advisors, an estimated $7.03M added.
- The largest Independent Bank seller in Q3 2016 was Macquarie Group, an estimated $35.6M sold.
Based on aggregated 13F filings for Q3 2016.