Independent Bank
INDB
199 hedge funds and large institutions have $1.84B invested in Independent Bank in 2020 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 55 increasing their positions, 76 reducing their positions, and 13 closing their positions.
77% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 13
5% more funds holding
Funds holding: 190 → 199 (+9)
0.7% less ownership
Funds ownership: 84.04% → 83.33% (-0.7%)
1% less capital invested
Capital invested by funds: $1.86B → $1.84B (-$16.3M)
28% less repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 76
45% less call options, than puts
Call options by funds: $268K | Put options by funds: $483K
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$28.6M |
| 2 |
PCM
Palisade Capital Management
Fort Lee,
New Jersey
|
+$13.5M |
| 3 |
Janus Henderson Group
London,
United Kingdom
|
+$10.6M |
| 4 |
State Street
Boston,
Massachusetts
|
+$6.49M |
| 5 |
BCIM
British Columbia Investment Management
Victoria,
British Columbia, Canada
|
+$4.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$89.7M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$18.3M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$17.4M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$15.5M |
| 5 |
BlackRock
New York
|
-$12.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MERSOM
201
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
| – | -$686K | -10,650 | Closed |
|
202
Holocene Advisors
New York
| – | -$533K | -8,275 | Closed |
|
203
TD Asset Management
Toronto,
Ontario, Canada
| – | -$458K | -7,121 | Closed |
|
|
MWNA
204
Marshall Wace North America
New York
| – | -$444K | -6,899 | Closed |
|
|
RJA
205
Raymond James & Associates
St Petersburg,
Florida
| – | -$238K | -3,696 | Closed |
|
|
P
206
Pitcairn
Conshohocken,
Pennsylvania
| – | -$215K | -3,337 | Closed |
|
207
Creative Planning
Overland Park,
Kansas
| – | -$204K | -3,166 | Closed |
|
|
FMT
208
First Mercantile Trust
Cordova,
Tennessee
| – | -$68K | -1,054 | Closed |
|
|
PRC
209
Pearl River Capital
Niles,
Michigan
| – | -$45K | -699 | Closed |
|
|
ASN
210
Advisory Services Network
Atlanta,
Georgia
| – | -$4K | -66 | Closed |
|
|
CFGS
211
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$1.61K | -24 | Closed |
|
INDB Hedge Fund Activity: Q2 2020 in Review
199 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q2 2020, worth a combined $1.84B — down 0.88% from $1.86B a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new INDB positions and 13 closed out — a net gain of 10 holders — while 55 added to existing stakes and 76 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $28.6M. The largest seller was Victory Capital Management, cutting an estimated $89.7M.
- 199 institutional investors held Independent Bank (INDB) as of Q2 2020, up from 190 in Q1 2020.
- Funds reported $1.84B of Independent Bank stock for Q2 2020, down 0.88% quarter-over-quarter.
- 23 funds opened new Independent Bank positions in Q2 2020 and 13 closed out, a net change of +10 holders.
- The largest Independent Bank buyer in Q2 2020 was Fidelity Investments, an estimated $28.6M added.
- The largest Independent Bank seller in Q2 2020 was Victory Capital Management, an estimated $89.7M sold.
Based on aggregated 13F filings for Q2 2020.