Independent Bank
INDB
275 hedge funds and large institutions have $1.8B invested in Independent Bank in 2024 Q1 according to their latest regulatory filings, with 39 funds opening new positions, 82 increasing their positions, 105 reducing their positions, and 22 closing their positions.
77% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 22
6% more funds holding
Funds holding: 259 → 275 (+16)
0.51% more ownership
Funds ownership: 80.73% → 81.24% (+0.51%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
22% less repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 105
23% less capital invested
Capital invested by funds: $2.33B → $1.8B (-$535M)
26% less call options, than puts
Call options by funds: $73K | Put options by funds: $98K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$20.9M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$12M |
| 3 |
D.E. Shaw & Co
New York
|
+$8.73M |
| 4 |
Morgan Stanley
New York
|
+$8.62M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$7.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
-$41.4M |
| 2 |
SAM
Silvercrest Asset Management
New York
|
-$29.4M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$22.5M |
| 4 |
NI
Nuance Investments
Kansas City,
Missouri
|
-$17.5M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$17.3M |
INDB Hedge Fund Activity: Q1 2024 in Review
275 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Independent Bank (INDB) for Q1 2024, worth a combined $1.8B — down 23% from $2.33B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new INDB positions and 22 closed out — a net gain of 17 holders — while 82 added to existing stakes and 105 trimmed.
The largest buyer was Invesco, adding an estimated $20.9M. The largest seller was Champlain Investment Partners, exiting entirely with an estimated $41.4M sold.
- 275 institutional investors held Independent Bank (INDB) as of Q1 2024, up from 259 in Q4 2023.
- Funds reported $1.8B of Independent Bank stock for Q1 2024, down 23% quarter-over-quarter.
- 39 funds opened new Independent Bank positions in Q1 2024 and 22 closed out, a net change of +17 holders.
- The largest Independent Bank buyer in Q1 2024 was Invesco, an estimated $20.9M added.
- The largest Independent Bank seller in Q1 2024 was Champlain Investment Partners, an estimated $41.4M sold.
Based on aggregated 13F filings for Q1 2024.