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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
Pictet Asset Management
176
Pictet Asset Management
Switzerland
$399K +$67.6K +1,014 +19%
BCI
177
Brinker Capital Investments
Pennsylvania
$376K -$16.2K -243 -4%
OPS
178
Orion Portfolio Solutions
Nebraska
$376K -$16.2K -243 -4%
Jane Street
179
Jane Street
New York
$359K -$3.77M -56,559 -91%
ACM
180
Aquatic Capital Management
Illinois
$353K -$173K -2,601 -32%
Public Employees Retirement Association of Colorado
181
Public Employees Retirement Association of Colorado
Colorado
$347K – – –
P
182
&Partners
Tennessee
$343K +$358K +5,371 New
QC
183
Quadrature Capital
United Kingdom
$338K +$352K +5,275 New
BFS
184
Bard Financial Services
Connecticut
$333K – – –
CIC
185
Cornercap Investment Counsel
Georgia
$329K – – –
CRC
186
Curi RMB Capital
Illinois
$327K – – –
NSEDCP
187
NJ State Employees Deferred Compensation Plan
New Jersey
$321K – – –
M&T Bank
188
M&T Bank
New York
$318K -$30.7K -460 -8%
CB
189
Commerce Bank
Missouri
$315K -$2.73K -41 -0.8%
Janney Montgomery Scott
190
Janney Montgomery Scott
Pennsylvania
$291K +$333 +5 +0.1%
AIP
191
Ameritas Investment Partners
Nebraska
$285K +$18.8K +282 +7%
US Bancorp
192
US Bancorp
Minnesota
$282K -$374K -5,614 -56%
CIBC Asset Management
193
CIBC Asset Management
Ontario, Canada
$270K +$10.5K +158 +4%
Stifel Financial
194
Stifel Financial
Missouri
$266K +$277K +4,149 New
CWM
195
CIBC World Markets
New York
$255K +$265K +3,972 New
SFA
196
Sequoia Financial Advisors
Ohio
$250K -$1.47K -22 -0.6%
RZH
197
Relyea Zuckerberg Hanson
Connecticut
$250K +$259K +3,887 New
Los Angeles Capital Management
198
Los Angeles Capital Management
California
$247K -$32.7K -490 -11%
TI
199
Tidal Investments
Wisconsin
$245K – – –
CCAL
200
City Center Advisors LLC
Michigan
$232K -$88K -1,320 -27%
6 7
8
9 10

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.