Independent Bank
INDB
133 hedge funds and large institutions have $693M invested in Independent Bank in 2014 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 45 increasing their positions, 49 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
2% more funds holding
Funds holding: 131 → 133 (+2)
3% more capital invested
Capital invested by funds: $675M → $693M (+$17.7M)
8% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 49
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$3.84M |
| 2 |
SAM
Silvercrest Asset Management
New York
|
+$3.64M |
| 3 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$2.19M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$2.06M |
| 5 |
PCM
Piermont Capital Management
St. Louis,
Missouri
|
+$1.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$3.47M |
| 2 |
Goldman Sachs
New York
|
-$2M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.29M |
| 4 |
JP Morgan Chase
New York
|
-$1.27M |
| 5 |
State Street
Boston,
Massachusetts
|
-$1.04M |
INDB Hedge Fund Activity: Q1 2014 in Review
133 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q1 2014, worth a combined $693M — up 2.6% from $675M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new INDB positions and 7 closed out — a net gain of 3 holders — while 45 added to existing stakes and 49 trimmed.
The largest buyer was Macquarie Group, adding an estimated $3.84M. The largest seller was Heartland Advisors, cutting an estimated $3.47M.
- 133 institutional investors held Independent Bank (INDB) as of Q1 2014, up from 131 in Q4 2013.
- Funds reported $693M of Independent Bank stock for Q1 2014, up 2.6% quarter-over-quarter.
- 10 funds opened new Independent Bank positions in Q1 2014 and 7 closed out, a net change of +3 holders.
- The largest Independent Bank buyer in Q1 2014 was Macquarie Group, an estimated $3.84M added.
- The largest Independent Bank seller in Q1 2014 was Heartland Advisors, an estimated $3.47M sold.
Based on aggregated 13F filings for Q1 2014.