Independent Bank
INDB
248 hedge funds and large institutions have $1.6B invested in Independent Bank in 2023 Q2 according to their latest regulatory filings, with 30 funds opening new positions, 88 increasing their positions, 79 reducing their positions, and 46 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 79
1.43% more ownership
Funds ownership: 79.97% → 81.4% (+1.4%)
6% less funds holding
Funds holding: 264 → 248 (-16)
32% less capital invested
Capital invested by funds: $2.37B → $1.6B (-$767M)
35% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 46
68% less call options, than puts
Call options by funds: $36K | Put options by funds: $111K
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Nuance Investments
Kansas City,
Missouri
|
+$9.69M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$9.64M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$5.28M |
| 4 |
N
Numerai
San Francisco,
California
|
+$5.15M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$4.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$16.7M |
| 2 |
BlackRock
New York
|
-$10.8M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$10.6M |
| 4 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
-$6.86M |
| 5 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$3.86M |
INDB Hedge Fund Activity: Q2 2023 in Review
248 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q2 2023, worth a combined $1.6B — down 32% from $2.37B a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of INDB and 30 opened new positions — a net loss of 16 holders — while 79 trimmed existing stakes and 88 added.
The largest buyer was Nuance Investments, adding an estimated $9.69M. The largest seller was Morgan Stanley, cutting an estimated $16.7M.
- 248 institutional investors held Independent Bank (INDB) as of Q2 2023, down from 264 in Q1 2023.
- Funds reported $1.6B of Independent Bank stock for Q2 2023, down 32% quarter-over-quarter.
- 30 funds opened new Independent Bank positions in Q2 2023 and 46 closed out, a net change of -16 holders.
- The largest Independent Bank buyer in Q2 2023 was Nuance Investments, an estimated $9.69M added.
- The largest Independent Bank seller in Q2 2023 was Morgan Stanley, an estimated $16.7M sold.
Based on aggregated 13F filings for Q2 2023.