Independent Bank
INDB
131 hedge funds and large institutions have $675M invested in Independent Bank in 2013 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 51 increasing their positions, 30 reducing their positions, and 4 closing their positions.
450% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 4
314% more capital inflows, than outflows
Capital inflows: $44.2M | Capital outflows: $10.7M
70% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 30
16% more funds holding
Funds holding: 113 → 131 (+18)
1.26% more ownership
Funds ownership: 72.39% → 73.64% (+1.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$7.02M |
| 2 |
Silvercrest Asset Management
New York
|
+$6.35M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
+$3.58M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.13M |
| 5 |
BlackRock Fund Advisors
San Francisco,
California
|
+$2.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
-$1.95M |
| 2 |
Boston Trust Walden
Boston,
Massachusetts
|
-$1.51M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$919K |
| 4 |
JP Morgan Chase
New York
|
-$724K |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$658K |
INDB Hedge Fund Activity: Q4 2013 in Review
131 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q4 2013, worth a combined $675M — up 16% from $584M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new INDB positions and 4 closed out — a net gain of 18 holders — while 51 added to existing stakes and 30 trimmed.
The largest buyer was State Street, adding an estimated $7.02M. The largest seller was Commerzbank Aktiengesellschaft, exiting entirely with an estimated $1.95M sold.
- 131 institutional investors held Independent Bank (INDB) as of Q4 2013, up from 113 in Q3 2013.
- Funds reported $675M of Independent Bank stock for Q4 2013, up 16% quarter-over-quarter.
- 22 funds opened new Independent Bank positions in Q4 2013 and 4 closed out, a net change of +18 holders.
- The largest Independent Bank buyer in Q4 2013 was State Street, an estimated $7.02M added.
- The largest Independent Bank seller in Q4 2013 was Commerzbank Aktiengesellschaft, an estimated $1.95M sold.
Based on aggregated 13F filings for Q4 2013.