Independent Bank
INDB
192 hedge funds and large institutions have $1.41B invested in Independent Bank in 2020 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 53 increasing their positions, 71 reducing their positions, and 29 closing their positions.
1.69% less ownership
Funds ownership: 83.33% → 81.64% (-1.7%)
4% less funds holding
Funds holding: 199 → 192 (-7)
21% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 29
23% less capital invested
Capital invested by funds: $1.84B → $1.41B (-$432M)
25% less repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 71
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
93% less call options, than puts
Call options by funds: $52K | Put options by funds: $727K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$7.34M |
| 2 |
PCM
Palisade Capital Management
Fort Lee,
New Jersey
|
+$3.5M |
| 3 |
Morgan Stanley
New York
|
+$2.73M |
| 4 |
BCIM
British Columbia Investment Management
Victoria,
British Columbia, Canada
|
+$2.58M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$2.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$22.3M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$10.9M |
| 3 |
State Street
Boston,
Massachusetts
|
-$9.34M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$4.77M |
| 5 |
Goldman Sachs
New York
|
-$3.21M |
INDB Hedge Fund Activity: Q3 2020 in Review
192 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q3 2020, worth a combined $1.41B — down 23% from $1.84B a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of INDB and 23 opened new positions — a net loss of 6 holders — while 71 trimmed existing stakes and 53 added.
The largest buyer was Eaton Vance Management, adding an estimated $7.34M. The largest seller was Victory Capital Management, cutting an estimated $22.3M.
- 192 institutional investors held Independent Bank (INDB) as of Q3 2020, down from 199 in Q2 2020.
- Funds reported $1.41B of Independent Bank stock for Q3 2020, down 23% quarter-over-quarter.
- 23 funds opened new Independent Bank positions in Q3 2020 and 29 closed out, a net change of -6 holders.
- The largest Independent Bank buyer in Q3 2020 was Eaton Vance Management, an estimated $7.34M added.
- The largest Independent Bank seller in Q3 2020 was Victory Capital Management, an estimated $22.3M sold.
Based on aggregated 13F filings for Q3 2020.