Independent Bank
INDB
265 hedge funds and large institutions have $2.36B invested in Independent Bank in 2023 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 86 increasing their positions, 94 reducing their positions, and 37 closing their positions.
57% more call options, than puts
Call options by funds: $144K | Put options by funds: $92K
9% less repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 94
2.52% less ownership
Funds ownership: 82.49% → 79.97% (-2.5%)
3% less funds holding
Funds holding: 273 → 265 (-8)
19% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 37
22% less capital invested
Capital invested by funds: $3.05B → $2.36B (-$681M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Nuance Investments
Kansas City,
Missouri
|
+$21.2M |
| 2 |
State Street
Boston,
Massachusetts
|
+$16.7M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
+$6.7M |
| 4 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$4.5M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$3.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Channing Capital Management
Chicago,
Illinois
|
-$63M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$40.6M |
| 3 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
-$37.9M |
| 4 |
New York State Common Retirement Fund
Albany,
New York
|
-$13.4M |
| 5 |
Morgan Stanley
New York
|
-$10.8M |
INDB Hedge Fund Activity: Q1 2023 in Review
265 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q1 2023, worth a combined $2.36B — down 22% from $3.05B a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of INDB and 30 opened new positions — a net loss of 7 holders — while 94 trimmed existing stakes and 86 added.
The largest buyer was Nuance Investments, adding an estimated $21.2M. The largest seller was Channing Capital Management, exiting entirely with an estimated $63M sold.
- 265 institutional investors held Independent Bank (INDB) as of Q1 2023, down from 273 in Q4 2022.
- Funds reported $2.36B of Independent Bank stock for Q1 2023, down 22% quarter-over-quarter.
- 30 funds opened new Independent Bank positions in Q1 2023 and 37 closed out, a net change of -7 holders.
- The largest Independent Bank buyer in Q1 2023 was Nuance Investments, an estimated $21.2M added.
- The largest Independent Bank seller in Q1 2023 was Channing Capital Management, an estimated $63M sold.
Based on aggregated 13F filings for Q1 2023.