Independent Bank (INDB) Ownership

50.56 ↑1.11 (2.24%)

As of April 19, 2024, 3:59pm EST.

Institutions
Mutual Funds

Institutional Ownership

BlackRock Inc is the biggest individual institutional holder of Independent Bank (INDB), owning a total of 6.3 million shares. Combined, the top 26 institutional holders of INDB own 77.09% of the company with a total of 33 million shares.

In the latest ownership report on December 31st 2023, the top 26 institutional holders increased their combined ownership of INDB by 297 thousand shares. 9 institutions bought 1,207,374 total additional shares and increased their ownership by an average of 20.42%. However 11 institutions sold 910,865 total shares and decreased their ownership by an average of 6.71%.

Overall this is a positive sign as the number of shares owned by the top 20 institutional holders of Independent Bank increased by a net total of 296,509 in the latest quarter.

Institution Ownership Chart

Latest Institutional Ownership Changes

Owner	Percent Owned	Percent Change	Shares Owned	Share Change	Date Reported
BlackRock Inc	14.787%	-1.744%	6,276,602	-111,424	2023-12-31
Vanguard Group Inc	12.423%	1.332%	5,272,986	69,312	2023-12-31
State Street Corporation	5.255%	8.898%	2,230,305	182,228	2023-12-31
Victory Capital Management Inc.	4.159%	-7.441%	1,765,417	-141,928	2023-12-31
Dimensional Fund Advisors, Inc.	4.132%	10.334%	1,753,697	164,254	2023-12-31
Silvercrest Asset Management Group LLC	3.584%	-3.767%	1,521,080	-59,535	2023-12-31
Mariner Value Strategies, LLC	3.011%	-23.068%	1,278,001	-383,214	2023-12-31
Goldman Sachs Group Inc	2.400%	110.614%	1,018,472	534,900	2023-12-31
Geode Capital Management, LLC	2.312%	4.384%	981,383	41,220	2023-12-31
Macquarie Group Ltd	2.016%	-0.540%	855,700	-4,642	2023-12-31
Northern Trust Corp	1.562%	-2.127%	662,961	-14,406	2023-12-31
Rockland Trust Co	1.527%	-0.855%	648,253	-5,593	2023-12-31
Champlain Investment Partners, LLC	1.482%	-7.842%	629,155	-53,540	2023-12-31
Morgan Stanley - Brokerage Accounts	1.300%	-1.090%	551,632	-6,079	2023-12-31
Bank of New York Mellon Corp	1.273%	12.859%	540,333	61,565	2023-12-31
BTIM Corp	1.221%	22.135%	518,119	93,901	2023-12-31
NORGES BANK	1.174%	7.449%	498,161	34,534	2023-12-31
Charles Schwab Investment Management Inc	1.096%	5.790%	465,220	25,460	2023-12-31
Ameriprise Financial Inc	1.053%	-15.030%	446,910	-79,049	2023-12-31
Palisade Capital Management LLc	1.051%	-10.343%	446,011	-51,455	2023-12-31

Top Institutions

Owner	Percent Owned	Percent Change	Shares Owned	Share Change	Date Reported
BlackRock Inc	14.787%	-1.744%	6,276,602	-111,424	2023-12-31
Vanguard Group Inc	12.423%	1.332%	5,272,986	69,312	2023-12-31
State Street Corporation	5.255%	8.898%	2,230,305	182,228	2023-12-31
Victory Capital Management Inc.	4.159%	-7.441%	1,765,417	-141,928	2023-12-31
Dimensional Fund Advisors, Inc.	4.132%	10.334%	1,753,697	164,254	2023-12-31
T. Rowe Price Associates, Inc.	3.538%	-2.920%	1,614,612	-48,564	2022-06-30
Silvercrest Asset Management Group LLC	3.584%	-3.767%	1,521,080	-59,535	2023-12-31
Mariner Value Strategies, LLC	3.011%	-23.068%	1,278,001	-383,214	2023-12-31
Goldman Sachs Group Inc	2.400%	110.614%	1,018,472	534,900	2023-12-31
Geode Capital Management, LLC	2.312%	4.384%	981,383	41,220	2023-12-31
Macquarie Group Ltd	2.016%	-0.540%	855,700	-4,642	2023-12-31
T. Rowe Price Investment Management,Inc.	1.823%	-0.039%	804,830	-310	2023-06-30
Channing Capital Management, LLC	1.693%	-18.312%	746,693	-167,388	2022-12-31
Northern Trust Corp	1.562%	-2.127%	662,961	-14,406	2023-12-31
Rockland Trust Co	1.527%	-0.855%	648,253	-5,593	2023-12-31
Champlain Investment Partners, LLC	1.482%	-7.842%	629,155	-53,540	2023-12-31
Eaton Vance Management	1.388%	3.658%	612,510	21,617	2022-09-30
Morgan Stanley - Brokerage Accounts	1.300%	-1.090%	551,632	-6,079	2023-12-31
Bank of New York Mellon Corp	1.273%	12.859%	540,333	61,565	2023-12-31
BTIM Corp	1.221%	22.135%	518,119	93,901	2023-12-31
NORGES BANK	1.174%	7.449%	498,161	34,534	2023-12-31
Charles Schwab Investment Management Inc	1.096%	5.790%	465,220	25,460	2023-12-31
Ameriprise Financial Inc	1.053%	-15.030%	446,910	-79,049	2023-12-31
Palisade Capital Management LLc	1.051%	-10.343%	446,011	-51,455	2023-12-31
GW&K Investment Management, LLC	0.968%	19.167%	424,274	68,241	2023-09-30
Manufacturers Life Insurance Co	0.862%	3.600%	393,502	13,675	2022-09-30

Mutual Fund Ownership

iShares Core S&P Small-Cap ETF is the biggest individual fund holder of Independent Bank (INDB), owning a total of 2.9 million shares. Combined, the top 33 mutual fund holders of INDB own 52.71% of the company with a total of 22.6 million shares.

In the latest ownership report on March 28th 2024, the top 33 fund holders increased their combined ownership of INDB by 2 thousand shares. 2 funds bought 2,340 total additional shares and increased their ownership by an average of 0.31%. However 1 funds sold 4,134 total shares and decreased their ownership by an average of 0.78%.

Overall this is a negative sign as the number of shares owned by the top 20 mutual funds holding Independent Bank decreased by a net total of -1,794 in the latest report.

Mutual Funds Chart

Latest Mutual Fund Ownership Changes

Owner	Percent Owned	Percent Change	Shares Owned	Share Change	Date Reported
iShares Core S&P Small-Cap ETF	6.811%	0.000%	2,891,485	0	2024-03-28
iShares Russell 2000 ETF	2.213%	0.000%	939,362	0	2024-03-28
iShares S&P Small-Cap 600 Value ETF	1.245%	-0.776%	528,609	-4,134	2024-03-28
iShares Russell 2000 Value ETF	0.918%	0.000%	389,886	0	2024-03-28
SPDR® S&P Regional Banking ETF	0.907%	0.509%	385,194	1,950	2024-03-28
SPDR® Portfolio S&P 600 Sm Cap ETF	0.894%	0.103%	379,382	390	2024-03-28
Invesco High Yield Eq Div Achiev™ ETF	0.881%	0.000%	373,788	0	2024-03-28

Top Mutual Funds

Owner	Percent Owned	Percent Change	Shares Owned	Share Change	Date Reported
iShares Core S&P Small-Cap ETF	6.811%	0.000%	2,891,485	0	2024-03-28
Vanguard Instl Ttl Stck Mkt Idx Tr	3.056%	-2.527%	1,348,845	-34,964	2023-03-31
Vanguard Total Stock Mkt Idx Inv	3.125%	-0.341%	1,326,463	-4,534	2024-02-29
Victory Sycamore Small Company Opp R	2.768%	-12.313%	1,175,000	-165,000	2023-12-31
Victory Small Cap Value CIT (Net 75)	2.768%	-12.313%	1,175,000	-165,000	2023-12-31
Vanguard Small Cap Index	2.529%	0.934%	1,073,803	9,939	2024-02-29
iShares Russell 2000 ETF	2.213%	0.000%	939,362	0	2024-03-28
Nuance Mid Cap Value Separate Account	2.175%	-16.530%	923,399	-182,860	2023-12-31
Delaware Small Cap Core I	1.920%	0.028%	815,128	229	2024-02-29
Vanguard Small Cap Value Index Inv	1.722%	0.415%	730,923	3,024	2024-02-29
Macquarie US Small Cap Core Equity	1.661%	0.000%	705,172	0	2023-12-31
Vanguard Institutional Extnd Mkt Idx Tr	1.518%	0.082%	644,277	526	2024-02-29
Nuance Mid Cap Value Institutional	1.492%	-24.438%	633,499	-204,883	2024-01-31
Vanguard Extended Market Index Investor	1.351%	-0.020%	596,204	-119	2023-08-31
iShares S&P Small-Cap 600 Value ETF	1.245%	-0.776%	528,609	-4,134	2024-03-28
Champlain Small Company Adv	1.156%	-4.673%	510,000	-25,000	2022-12-31
T. Rowe Price Small-Cap Value	1.146%	0.040%	505,895	200	2023-06-30
Champlain Small Company Fund, LLC	1.103%	-5.992%	472,770	-30,135	2023-12-31
Fidelity Small Cap Index	1.054%	1.501%	447,613	6,621	2024-01-31
Fidelity® Small Cap Index	0.976%	2.875%	427,936	11,961	2023-10-31
T. Rowe Price U.S. SC Value Eq Tr-Z	0.904%	1.029%	412,544	4,200	2022-09-30
Calvert Small-Cap A	0.899%	-4.386%	396,592	-18,194	2023-03-31
Calvert US Small-Cap SMA	0.899%	-20.162%	396,592	-100,153	2023-03-31
Calvert US Small-Cap Strategy	0.899%	-20.886%	396,592	-104,697	2023-03-31
iShares Russell 2000 Value ETF	0.918%	0.000%	389,886	0	2024-03-28
SPDR® S&P Regional Banking ETF	0.907%	0.509%	385,194	1,950	2024-03-28
SPDR® Portfolio S&P 600 Sm Cap ETF	0.894%	0.103%	379,382	390	2024-03-28
Invesco High Yield Eq Div Achiev™ ETF	0.881%	0.000%	373,788	0	2024-03-28
Vanguard Tax-Managed Small Cap Adm	0.807%	0.000%	342,599	0	2024-02-29
DFA US Targeted Value I	0.796%	0.000%	338,044	0	2024-02-29
DFA US Small Cap I	0.736%	0.000%	312,301	0	2024-01-31
SPDR® S&P 600 Small Cap Value ETF	0.725%	-0.206%	307,762	-636	2024-02-29
Palisade Small Cap Core Equity	0.658%	-0.207%	290,433	-601	2023-09-30