Independent Bank
INDB
199 hedge funds and large institutions have $1.84B invested in Independent Bank in 2020 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 56 increasing their positions, 75 reducing their positions, and 13 closing their positions.
77% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 13
5% more funds holding
Funds holding: 190 → 199 (+9)
3.51% more ownership
Funds ownership: 79.82% → 83.33% (+3.5%)
4% more capital invested
Capital invested by funds: $1.76B → $1.84B (+$76.7M)
25% less repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 75
45% less call options, than puts
Call options by funds: $268K | Put options by funds: $483K
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$28.6M |
| 2 |
PCM
Palisade Capital Management
Fort Lee,
New Jersey
|
+$13.5M |
| 3 |
Janus Henderson Group
London,
|
+$10.6M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$7.54M |
| 5 |
State Street
Boston,
Massachusetts
|
+$6.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$18.3M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$17.4M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$15.5M |
| 4 |
BlackRock
New York
|
-$12.5M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$4.61M |
INDB Hedge Fund Activity: Q2 2020 in Review
199 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q2 2020, worth a combined $1.84B — up 4.3% from $1.76B a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new INDB positions and 13 closed out — a net gain of 10 holders — while 56 added to existing stakes and 75 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $28.6M. The largest seller was T. Rowe Price Associates, cutting an estimated $18.3M.
- 199 institutional investors held Independent Bank (INDB) as of Q2 2020, up from 190 in Q1 2020.
- Funds reported $1.84B of Independent Bank stock for Q2 2020, up 4.3% quarter-over-quarter.
- 23 funds opened new Independent Bank positions in Q2 2020 and 13 closed out, a net change of +10 holders.
- The largest Independent Bank buyer in Q2 2020 was Fidelity Investments, an estimated $28.6M added.
- The largest Independent Bank seller in Q2 2020 was T. Rowe Price Associates, an estimated $18.3M sold.
Based on aggregated 13F filings for Q2 2020.