Independent Bank
INDB
196 hedge funds and large institutions have $1.97B invested in Independent Bank in 2019 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 87 increasing their positions, 47 reducing their positions, and 25 closing their positions.
85% more repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 47
23% more capital invested
Capital invested by funds: $1.6B → $1.97B (+$368M)
12% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 25
5.31% more ownership
Funds ownership: 81.77% → 87.07% (+5.3%)
1% more funds holding
Funds holding: 194 → 196 (+2)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$40.3M |
| 2 |
CCM
Channing Capital Management
Chicago,
Illinois
|
+$20.6M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$20M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$10.9M |
| 5 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
+$9.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$17.9M |
| 2 |
SAM
Silvercrest Asset Management
New York
|
-$4.75M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$2.71M |
| 4 |
3C
361 Capital
Denver,
Colorado
|
-$2.37M |
| 5 |
Morgan Stanley
New York
|
-$2.31M |
INDB Hedge Fund Activity: Q1 2019 in Review
196 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q1 2019, worth a combined $1.97B — up 23% from $1.6B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new INDB positions and 25 closed out — a net gain of 3 holders — while 87 added to existing stakes and 47 trimmed.
The largest buyer was BlackRock, adding an estimated $40.3M. The largest seller was Wasatch Advisors, cutting an estimated $17.9M.
- 196 institutional investors held Independent Bank (INDB) as of Q1 2019, up from 194 in Q4 2018.
- Funds reported $1.97B of Independent Bank stock for Q1 2019, up 23% quarter-over-quarter.
- 28 funds opened new Independent Bank positions in Q1 2019 and 25 closed out, a net change of +3 holders.
- The largest Independent Bank buyer in Q1 2019 was BlackRock, an estimated $40.3M added.
- The largest Independent Bank seller in Q1 2019 was Wasatch Advisors, an estimated $17.9M sold.
Based on aggregated 13F filings for Q1 2019.