Independent Bank
INDB
255 hedge funds and large institutions have $1.77B invested in Independent Bank in 2023 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 90 increasing their positions, 79 reducing their positions, and 27 closing their positions.
37% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 27
14% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 79
11% more capital invested
Capital invested by funds: $1.6B → $1.77B (+$173M)
2% more funds holding
Funds holding: 249 → 255 (+6)
0.4% more ownership
Funds ownership: 81.44% → 81.84% (+0.4%)
77% less call options, than puts
Call options by funds: $29K | Put options by funds: $128K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Nuance Investments
Kansas City,
Missouri
|
+$39.5M |
| 2 |
ClearBridge Investments
New York
|
+$16.1M |
| 3 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$8.84M |
| 4 |
SAM
Silvercrest Asset Management
New York
|
+$7.28M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$5.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$31.9M |
| 2 |
State Street
Boston,
Massachusetts
|
-$11.1M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$9.41M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$7.53M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$7.42M |
INDB Hedge Fund Activity: Q3 2023 in Review
255 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q3 2023, worth a combined $1.77B — up 11% from $1.6B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new INDB positions and 27 closed out — a net gain of 10 holders — while 90 added to existing stakes and 79 trimmed.
The largest buyer was Nuance Investments, adding an estimated $39.5M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $31.9M.
- 255 institutional investors held Independent Bank (INDB) as of Q3 2023, up from 249 in Q2 2023.
- Funds reported $1.77B of Independent Bank stock for Q3 2023, up 11% quarter-over-quarter.
- 37 funds opened new Independent Bank positions in Q3 2023 and 27 closed out, a net change of +10 holders.
- The largest Independent Bank buyer in Q3 2023 was Nuance Investments, an estimated $39.5M added.
- The largest Independent Bank seller in Q3 2023 was T. Rowe Price Investment Management, an estimated $31.9M sold.
Based on aggregated 13F filings for Q3 2023.