Independent Bank
INDB
169 hedge funds and large institutions have $1.36B invested in Independent Bank in 2017 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 55 increasing their positions, 56 reducing their positions, and 14 closing their positions.
43% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 14
8% more call options, than puts
Call options by funds: $932K | Put options by funds: $865K
0% more funds holding
Funds holding: 169 → 169 (0)
2% less repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 56
1.15% less ownership
Funds ownership: 79.19% → 78.05% (-1.1%)
7% less capital invested
Capital invested by funds: $1.45B → $1.36B (-$95.5M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$211M |
| 2 |
DIA
Denver Investment Advisors
Denver,
Colorado
|
+$12.2M |
| 3 |
Bank of New York Mellon
New York
|
+$7.58M |
| 4 |
SAM
Silvercrest Asset Management
New York
|
+$7.54M |
| 5 |
State Street
Boston,
Massachusetts
|
+$7.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Polaris Capital Management
Boston,
Massachusetts
|
-$31.6M |
| 2 |
Russell Investments Group
London,
United Kingdom
|
-$23.5M |
| 3 |
Renaissance Technologies
New York
|
-$3.69M |
| 4 |
Morgan Stanley
New York
|
-$2.87M |
| 5 |
MAP
Moody Aldrich Partners
Marblehead,
Massachusetts
|
-$2.48M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
HSBC Holdings
London,
United Kingdom
| – | -$374K | -5,305 | Closed |
|
|
TSS
177
Two Sigma Securities
New York
| – | -$278K | -3,944 | Closed |
|
|
N
178
Natixis
Paris,
France
| – | -$204K | -2,900 | Closed |
|
179
SEI Investments
Oaks,
Pennsylvania
| – | -$21K | -300 | Closed |
|
180
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$15K | -218 | Closed |
|
|
TSW
181
Thompson Siegel & Walmsley
Richmond,
Virginia
| – | -$3K | -49 | Closed |
|
|
SIC
182
Salem Investment Counselors
Winston Salem,
North Carolina
| – | -$3K | -40 | Closed |
|
INDB Hedge Fund Activity: Q1 2017 in Review
169 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q1 2017, worth a combined $1.36B — down 6.6% from $1.45B a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new INDB positions and 14 closed out — a net gain of 6 holders — while 55 added to existing stakes and 56 trimmed.
The largest buyer was BlackRock, adding an estimated $211M. The largest seller was Polaris Capital Management, exiting entirely with an estimated $31.6M sold.
- 169 institutional investors held Independent Bank (INDB) as of Q1 2017, unchanged from Q4 2016.
- Funds reported $1.36B of Independent Bank stock for Q1 2017, down 6.6% quarter-over-quarter.
- 20 funds opened new Independent Bank positions in Q1 2017 and 14 closed out, a net change of +6 holders.
- The largest Independent Bank buyer in Q1 2017 was BlackRock, an estimated $211M added.
- The largest Independent Bank seller in Q1 2017 was Polaris Capital Management, an estimated $31.6M sold.
Based on aggregated 13F filings for Q1 2017.