Independent Bank
INDB
170 hedge funds and large institutions have $1.45B invested in Independent Bank in 2016 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 57 increasing their positions, 51 reducing their positions, and 9 closing their positions.
222% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 9
79.19% more ownership
Funds ownership: 0% → 79.19% (+79%)
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
30% more capital invested
Capital invested by funds: $1.12B → $1.45B (+$335M)
12% more repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 51
11% more funds holding
Funds holding: 153 → 170 (+17)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$17.9M |
| 2 |
PCM
Polaris Capital Management
Boston,
Massachusetts
|
+$6.49M |
| 3 |
State Street
Boston,
Massachusetts
|
+$5.9M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.55M |
| 5 |
Morgan Stanley
New York
|
+$4.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Silvercrest Asset Management
New York
|
-$15.7M |
| 2 |
IAM
Impax Asset Management
Portsmouth,
New Hampshire
|
-$13.7M |
| 3 |
MTB
Mizuho Trust & Banking
Tokyo,
Japan
|
-$6.07M |
| 4 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$4.6M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$3.63M |
INDB Hedge Fund Activity: Q4 2016 in Review
170 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q4 2016, worth a combined $1.45B — up 30% from $1.12B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new INDB positions and 9 closed out — a net gain of 20 holders — while 57 added to existing stakes and 51 trimmed.
The largest buyer was BlackRock Fund Advisors, adding an estimated $17.9M. The largest seller was Silvercrest Asset Management, cutting an estimated $15.7M.
- 170 institutional investors held Independent Bank (INDB) as of Q4 2016, up from 153 in Q3 2016.
- Funds reported $1.45B of Independent Bank stock for Q4 2016, up 30% quarter-over-quarter.
- 29 funds opened new Independent Bank positions in Q4 2016 and 9 closed out, a net change of +20 holders.
- The largest Independent Bank buyer in Q4 2016 was BlackRock Fund Advisors, an estimated $17.9M added.
- The largest Independent Bank seller in Q4 2016 was Silvercrest Asset Management, an estimated $15.7M sold.
Based on aggregated 13F filings for Q4 2016.