Independent Bank Corporation
Hedge Funds Holdings

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Independent Bank Corporation‘s stocks are currently a part of 79 hedge funds’ portfolios, which represents 49.32% of the total amount of its stocks outstanding. This makes up a total of 11.31M shares of Independent Bank Corporation. Compared to the previous quarter, the number fell by -33.73% or -5.75M shares fewer. As for the holding position changes, 34.18% (27) of current hedge fund investors increased the number of shares held, 41.77% (33) of current holders sold a part of the shares held, and 10.13% (8) closed the holdings completely. 7 hedge funds are new holders of Independent Bank Corporation stock in Q1 2023, it is 8.86% of total holders.

Hedge funds holding Independent Bank (Q2 2018 – Q1 2023)

Number of hedge funds
Q2 2018 140
Q3 2018 143
Q4 2018 145
Q1 2019 136
Q2 2019 131
Q3 2019 128
Q4 2019 125
Q1 2020 117
Q2 2020 119
Q3 2020 116
Q4 2020 125
Q1 2021 132
Q2 2021 131
Q3 2021 127
Q4 2021 126
Q1 2022 129
Q2 2022 120
Q3 2022 118
Q4 2022 126
Q1 2023 79

Hedge funds changes in Independent Bank positions (Q2 2018 – Q1 2023)

Changes in positions
Q2 2018 225733919
Q3 2018 1657401317
Q4 2018 225051202
Q1 2019 144949213
Q2 2019 1142451419
Q3 2019 1250381513
Q4 2019 115242119
Q1 2020 13404720-3
Q2 2020 193741166
Q3 2020 123447158
Q4 2020 143747522
Q1 2021 144743622
Q2 2021 1249451312
Q3 2021 104750146
Q4 2021 1346381316
Q1 2022 1442521110
Q2 2022 104149155
Q3 2022 1140401413
Q4 2022 19395189
Q1 2023 7273384

Hedge funds changes in Independent Bank stock options (Q2 2018 – Q1 2023)

Changes in stock options
Q2 2018 0 0
Q3 2018 0 15,294,000
Q4 2018 275,000 4,215,000
Q1 2019 262,000 2,000
Q2 2019 6,659,000 594,000
Q3 2019 6,734,000 575,000
Q4 2019 6,007,000 283,000
Q1 2020 230,000 0
Q2 2020 12,000 171,000
Q3 2020 7,000 294,000
Q4 2020 260,000 345,000
Q1 2021 544,000 475,000
Q2 2021 28,000 245,000
Q3 2021 9,000 866,000
Q4 2021 0 4,000
Q1 2022 2,000 169,000
Q2 2022 0 149,000
Q3 2022 3,000 0
Q4 2022 81,328 11,960
Q1 2023 0 0

Top 50 hedge fund holders of Independent Bank Corporation (NASDAQ:IBCP)

Hedge fund Value Shares owned Portfolio share
BLACKROCK INC. Larry Fink 58.78M 3.07M 0.002%
FJ CAPITAL MANAGEMENT LLC 25.41M 1.33M 3.039%
VANGUARD GROUP INC 19.75M 1.03M 0.001%
DIMENSIONAL FUND ADVISORS LP 15.98M 837.00K 0.006%
LSV ASSET MANAGEMENT 12.81M 670.67K 0.030%
STATE STREET CORP 11.8M 617.78K 0.001%
RENAISSANCE TECHNOLOGIES LLC Jim Simons 11.74M 615.1K 0.017%
FMR LLC 11.05M 578.62K 0.001%
JPMORGAN CHASE & CO 9.50M 497.44K 0.001%
MANUFACTURERS LIFE INSURANCE COMPANY, THE 9.48M 496.73K 0.007%
GEODE CAPITAL MANAGEMENT, LLC 7.42M 388.98K 0.001%
PL CAPITAL ADVISORS, LLC 6.51M 359.98K 1.906%
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 6.33M 331.74K 0.027%
THRIVENT FINANCIAL FOR LUTHERANS 5.91M 309.47K 0.016%
GOLDMAN SACHS GROUP INC 5.77M 302.24K 0.001%
ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC 5.13M 269.02K 0.009%
AMERIPRISE FINANCIAL INC 5.01M 262.43K 0.002%
AQR CAPITAL MANAGEMENT LLC Cliff Asness 4.85M 254.22K 0.012%
PRINCIPAL FINANCIAL GROUP INC 4.77M 249.88K 0.004%
ACADIAN ASSET MANAGEMENT LLC 4.43M 232.10K 0.024%
NORTHERN TRUST CORP 4.39M 230.25K 0.001%
FOUNDRY PARTNERS, LLC 4.24M 222.07K 0.267%
BANK OF AMERICA CORP /DE/ 4.2M 219.87K 0.001%
MORGAN STANLEY 3.98M 208.58K 0.001%
NUVEEN ASSET MANAGEMENT, LLC 3.68M 192.94K 0.002%
SEIZERT CAPITAL PARTNERS, LLC 3.62M 189.99K 0.205%
BANK OF NEW YORK MELLON CORP 3.49M 182.88K 0.001%
BRIDGEWAY CAPITAL MANAGEMENT, LLC 2.93M 153.6K 0.079%
JACOBS LEVY EQUITY MANAGEMENT, INC 2.63M 137.78K 0.021%
AMERICAN CENTURY COMPANIES INC 2.58M 135.47K 0.002%
MILLENNIUM MANAGEMENT LLC Israel Englander 2.55M 133.66K 0.002%
PANAGORA ASSET MANAGEMENT INC 2.16M 113.52K 0.015%
FEDERATED HERMES, INC. 1.67M 87.68K 0.005%
BARCLAYS PLC 1.49M 78.06K 0.002%
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 1.39M 73.04K 0.002%
RHUMBLINE ADVISERS 1.27M 66.72K 0.002%
TWO SIGMA ADVISERS, LP 1.21M 63.4K 0.004%
FIRST TRUST ADVISORS LP 1.21M 63.38K 0.002%
GLOBEFLEX CAPITAL L P 1.19M 62.61K 0.206%
VICTORY CAPITAL MANAGEMENT INC 1.18M 62.26K 0.001%
TWO SIGMA INVESTMENTS, LP John Overdeck 1.05M 54.97K 0.004%
RUSSELL INVESTMENTS GROUP, LTD. 1.04M 54.82K 0.002%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 1.03M 54.08K 0.000%
PRICE T ROWE ASSOCIATES INC /MD/ 956K 50.04K 0.000%
SWISS NATIONAL BANK 951K 49.8K 0.001%
LOS ANGELES CAPITAL MANAGEMENT LLC 930K 48.69K 0.005%
D. E. SHAW & CO., INC. David E. Shaw 908K 47.56K 0.001%
ZIEGLER CAPITAL MANAGEMENT, LLC 895K 46.86K 0.039%
INVESCO LTD. 809K 42.38K 0.000%
MARTINGALE ASSET MANAGEMENT L P 793K 41.49K 0.016%