Independent Bank
INDB
190 hedge funds and large institutions have $1.86B invested in Independent Bank in 2020 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 71 increasing their positions, 65 reducing their positions, and 39 closing their positions.
3,767% more call options, than puts
Call options by funds: $232K | Put options by funds: $6K
3.55% more ownership
Funds ownership: 80.48% → 84.04% (+3.6%)
9% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 65
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
13% less funds holding
Funds holding: 219 → 190 (-29)
19% less capital invested
Capital invested by funds: $2.3B → $1.86B (-$445M)
67% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 39
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$136M |
| 2 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
+$8.09M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$7.17M |
| 4 |
BlackRock
New York
|
+$5.29M |
| 5 |
BCIM
British Columbia Investment Management
Victoria,
British Columbia, Canada
|
+$4.69M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$30.9M |
| 2 |
JP Morgan Chase
New York
|
-$10.8M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$9.43M |
| 4 |
Morgan Stanley
New York
|
-$4.92M |
| 5 |
California Public Employees Retirement System
Sacramento,
California
|
-$4.33M |
INDB Hedge Fund Activity: Q1 2020 in Review
190 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q1 2020, worth a combined $1.86B — down 19% from $2.3B a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of INDB and 13 opened new positions — a net loss of 26 holders — while 65 trimmed existing stakes and 71 added.
The largest buyer was Victory Capital Management, adding an estimated $136M. The largest seller was Fidelity Investments, cutting an estimated $30.9M.
- 190 institutional investors held Independent Bank (INDB) as of Q1 2020, down from 219 in Q4 2019.
- Funds reported $1.86B of Independent Bank stock for Q1 2020, down 19% quarter-over-quarter.
- 13 funds opened new Independent Bank positions in Q1 2020 and 39 closed out, a net change of -26 holders.
- The largest Independent Bank buyer in Q1 2020 was Victory Capital Management, an estimated $136M added.
- The largest Independent Bank seller in Q1 2020 was Fidelity Investments, an estimated $30.9M sold.
Based on aggregated 13F filings for Q1 2020.