Independent Bank
INDB
259 hedge funds and large institutions have $2.33B invested in Independent Bank in 2023 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 72 increasing their positions, 108 reducing their positions, and 23 closing their positions.
35% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 23
31% more capital invested
Capital invested by funds: $1.77B → $2.33B (+$557M)
2% more funds holding
Funds holding: 255 → 259 (+4)
1.11% less ownership
Funds ownership: 81.84% → 80.73% (-1.1%)
33% less repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 108
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HSBC Holdings
London,
United Kingdom
|
+$13.3M |
| 2 |
State Street
Boston,
Massachusetts
|
+$10.1M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
+$9.06M |
| 4 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
+$5.18M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Nuance Investments
Kansas City,
Missouri
|
-$21.1M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$10.1M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$7.83M |
| 4 |
BlackRock
New York
|
-$6.15M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$4.36M |
INDB Hedge Fund Activity: Q4 2023 in Review
259 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q4 2023, worth a combined $2.33B — up 31% from $1.77B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new INDB positions and 23 closed out — a net gain of 8 holders — while 72 added to existing stakes and 108 trimmed.
The largest buyer was HSBC Holdings, adding an estimated $13.3M. The largest seller was Nuance Investments, cutting an estimated $21.1M.
- 259 institutional investors held Independent Bank (INDB) as of Q4 2023, up from 255 in Q3 2023.
- Funds reported $2.33B of Independent Bank stock for Q4 2023, up 31% quarter-over-quarter.
- 31 funds opened new Independent Bank positions in Q4 2023 and 23 closed out, a net change of +8 holders.
- The largest Independent Bank buyer in Q4 2023 was HSBC Holdings, an estimated $13.3M added.
- The largest Independent Bank seller in Q4 2023 was Nuance Investments, an estimated $21.1M sold.
Based on aggregated 13F filings for Q4 2023.