Independent Bank
INDB
132 hedge funds and large institutions have $637M invested in Independent Bank in 2014 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 50 increasing their positions, 38 reducing their positions, and 11 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 38
2% less funds holding
Funds holding: 135 → 132 (-3)
6% less capital invested
Capital invested by funds: $677M → $637M (-$39.5M)
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $29K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$3.92M |
| 2 |
CCM
Channing Capital Management
Chicago,
Illinois
|
+$3.48M |
| 3 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
+$2.67M |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$1.98M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$1.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$8.84M |
| 2 |
State Street
Boston,
Massachusetts
|
-$3.35M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$1.35M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$915K |
| 5 |
PP
Prudential plc
London, England,
United Kingdom
|
-$741K |
INDB Hedge Fund Activity: Q3 2014 in Review
132 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q3 2014, worth a combined $637M — down 5.8% from $677M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of INDB and 9 opened new positions — a net loss of 2 holders — while 38 trimmed existing stakes and 50 added.
The largest buyer was Russell Frank Company, adding an estimated $3.92M. The largest seller was Norges Bank, cutting an estimated $8.84M.
- 132 institutional investors held Independent Bank (INDB) as of Q3 2014, down from 135 in Q2 2014.
- Funds reported $637M of Independent Bank stock for Q3 2014, down 5.8% quarter-over-quarter.
- 9 funds opened new Independent Bank positions in Q3 2014 and 11 closed out, a net change of -2 holders.
- The largest Independent Bank buyer in Q3 2014 was Russell Frank Company, an estimated $3.92M added.
- The largest Independent Bank seller in Q3 2014 was Norges Bank, an estimated $8.84M sold.
Based on aggregated 13F filings for Q3 2014.