Independent Bank Corporation

IBCP • NASDAQ

Independent Bank Corporation is a banks - regional company in the financial services sector on NASDAQ, led by Gavin A. Mohr, with a market cap of $721.3M. As of Q3 2025, 84% of shares are held by 163 institutional investors, with BlackRock, Inc. as the largest holder at 14.51%.

Chief Executive OfficerGavin A. Mohr

Market Cap$721.3M

Banks - Regional

Financial Services

Employees832.0

Websiteindependentbank.com

Country

United States of America

Overview

Overview of institutional ownership in IBCP as of Q3 2025 with a market cap of $641.5M

All Institutions

Institutions: 163
Value Held: $536.5M
Shares Held: 17.3M
Avg Position: $3.3M
Median Position: $523.5K

Hedge Funds

Hedge Funds: 28
Value Held: $92.7M
Shares Held: 3.0M
Avg Position: $3.3M
Median Position: $1.0M

Ownership Breakdown

Institutional (non-HF)

69.18%

$443.8M

Hedge Funds

14.45%

$92.7M

Retail & Other

16.37%

$105.0M

Based on market cap of $641.5M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in IBCP as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$93.1M 0.00% of portfolio	14.51% 3.0M shares	Q4 2015 Held for 9y 11m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$41.2M 0.00% of portfolio	6.41% 1.3M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
FMR LLC Institution	-	$29.9M 0.00% of portfolio	4.66% 965.8K shares	Q3 2013 Held for 12y 2m	$1.92T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$27.3M 0.01% of portfolio	4.26% 882.5K shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
A AMERICAN CENTURY COMPANIES INC Institution	-	$19.9M 0.01% of portfolio	3.11% 643.5K shares	Q4 2017 Held for 7y 11m	$195.93B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$19.5M 0.00% of portfolio	3.04% 628.8K shares	Q3 2013 Held for 12y 2m	$2.88T
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$18.6M 0.02% of portfolio	2.90% 600.3K shares	≤ Q2 2013 Held for 12y 5m+	$75.8B
FJ Capital Management LLC Hedge Fund•Long/Short	Martin Saul Friedman Founder	$17.0M 1.70% of portfolio	2.66% 550.2K shares	Q4 2013 Held for 11y 11m	$999.9M
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	Gillian Morna Therese Savage CEO	$15.9M 0.03% of portfolio	2.48% 513.0K shares	Q4 2016 Held for 8y 11m	$51.5B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$15.7M 0.00% of portfolio	2.44% 505.6K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T

Net Capital Flow

Institutional buying and selling activity for IBCP in Q3 2025

Traded: +$6.0M
Buyers: 78
Sellers: 71
Total Bought: +$33.3M
Total Sold: −$27.3M
Avg Position: $3.1M

Biggest Buyers

Institution	Net Bought	Current Position
A Assenagon Asset Management S.A. Institution	+$6.4M +206.4K shares	$6.4M 206.4K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$4.5M +146.6K shares	$12.1M 389.2K shares
SANDLER ONEILL ASSET MANAGEMENT LLC Hedge Fund•Long/Short	+$2.1M +67.9K shares	$4.8M 155.0K shares
GOLDMAN SACHS GROUP INC Institution	+$2.0M +64.1K shares	$9.3M 301.1K shares
A AMERICAN CENTURY COMPANIES INC Institution	+$1.5M +48.3K shares	$19.9M 643.5K shares
Q Qube Research & Technologies Ltd Institution	+$1.5M +47.7K shares	$5.5M 176.4K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	+$1.4M +43.7K shares	$3.1M 100.1K shares
UBS Group AG Institution	+$1.2M +40.2K shares	$2.0M 64.1K shares
J JANE STREET GROUP, LLC Institution	+$1.1M +35.5K shares	$1.9M 62.3K shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	+$935.4K +30.2K shares	$15.9M 513.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
FJ Capital Management LLC Hedge Fund•Long/Short	−$3.5M −114.5K shares	$17.0M 550.2K shares
N Nuveen, LLC Institution	−$2.2M −70.7K shares	$9.0M 291.1K shares
FIRST TRUST ADVISORS LP ETF Provider	−$2.1M −68.7K shares	$353.8K 11.4K shares
FMR LLC Institution	−$1.5M −49.4K shares	$29.9M 965.8K shares
Allspring Global Investments Holdings, LLC Long Only Manager	−$1.4M −45.5K shares	$7.9M 255.0K shares
B BlackRock, Inc. Institution	−$1.4M −44.5K shares	$93.1M 3.0M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$1.3M −42.4K shares	$1.5M 49.4K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	−$1.2M −38.4K shares	$15.7M 505.6K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$925.8K −28.6K shares	Sold Off 0 shares
C Cubist Systematic Strategies, LLC Institution	−$808.0K −26.1K shares	$667.4K 21.5K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited IBCP in Q3 2025

New Positions: 10
New Value: $1.8M
Exited Positions: 8
Exited Value: $3.1M

New Positions

Institution	Position Value
Cetera Investment Advisers RIA/Wealth	$678.1K 21.9K shares
Semanteon Capital Management, LP Hedge Fund•Long/Short	$327.1K 10.6K shares
P PharVision Advisers, LLC Hedge Fund•Long/Short	$256.1K 8.3K shares
IEQ CAPITAL, LLC RIA/Wealth	$224.3K 7.2K shares
Mariner Wealth Advisors, LLC RIA/Wealth	$201.3K 6.5K shares
GENWORTH FINANCIAL WEALTH MANAGEMENT, INC Long Only Manager	$36.0K 1.2K shares
S State of Alaska, Department of Revenue Institution	$25.8K 832.0 shares
O Optiver Holding B.V. Institution	$3.8K 122.0 shares
Farther Finance Advisors, LLC RIA/Wealth	$186.0 6.0 shares
Hartland & Co., LLC RIA/Wealth	$62.0 2.0 shares

Exited Positions

Institution	Previous Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$925.8K 28.6K shares
Verition Fund Management LLC Hedge Fund•Multi-Strategy	$725.2K 22.4K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$523.7K 16.2K shares
A ALPS ADVISORS INC ETF Provider	$380.2K 11.7K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$262.7K 8.1K shares
Oakmont Partners LLC RIA/Wealth	$240.1K 7.4K shares
Ameritas Advisory Services, LLC RIA/Wealth	$29.9K 922.0 shares
S Skopos Labs, Inc. RIA/Wealth	$325.0 10.0 shares

Options Activity

Institutions with the largest Call and Put options positions in IBCP as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with IBCP as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
PL Capital Advisors, LLC Hedge Fund•Activist	Richard J Lashley Managing Partner	3.45% $9.9M	1.54% 319.0K shares	Q3 2014 Held for 11y 2m	$286.3M
FJ Capital Management LLC Hedge Fund•Long/Short	Martin Saul Friedman Founder	1.70% $17.0M	2.66% 550.2K shares	Q4 2013 Held for 11y 11m	$999.9M
SANDLER ONEILL ASSET MANAGEMENT LLC Hedge Fund•Long/Short	Terry Anthony Maltese President	0.74% $4.8M	0.75% 155.0K shares	Q2 2023 Held for 2y 5m	$646.2M
SummerHaven Investment Management, LLC Long Only Manager	Kurt Jonathon Nelson CEO	0.45% $766.4K	0.12% 24.7K shares	Q3 2024 Held for 1y 2m	$170.9M
Semanteon Capital Management, LP Hedge Fund•Long/Short	Rajat Lal Managing Partner	0.41% $327.1K	0.05% 10.6K shares	Q3 2025 Held for 2 months	$79.7M
M MQS Management LLC Hedge Fund•Global Macro	Robert Yale Gelfond CEO	0.29% $493.2K	0.08% 15.9K shares	Q1 2025 Held for 8 months	$171.4M
GLOBEFLEX CAPITAL L P Long Only Manager	Marina Loretta Marrelli CEO	0.21% $1.3M	0.21% 42.7K shares	Q1 2017 Held for 8y 8m	$644.8M
C CSM Advisors, LLC Institution	-	0.18% $6.1M	0.95% 197.5K shares	Q2 2025 Held for 5 months	$3.4B
HGK ASSET MANAGEMENT INC Long Only Manager	David Charles Hauck COO	0.17% $1.1M	0.17% 34.3K shares	Q2 2021 Held for 4y 5m	$617.8M
Numerai GP LLC Hedge Fund•Quant	Richard Malone Craib CEO	0.15% $1.0M	0.16% 33.6K shares	Q2 2025 Held for 5 months	$707.9M

Hedge Fund Spotlight

Discover hedge funds investing in IBCP

GSA CAPITAL PARTNERS LLP

Hedge Fund • Quant

Portfolio ManagerDavid Khabie-Zeitoune

Portfolio Value: $1.1B
Positions: 1,504
Last Reported: Q3 2025

Sector Allocation

Position in Independent Bank Corporation

Market Value: $336.8K
Shares Held: 10.9K
Portfolio Weight: 0.03%
Owned Since: 2024-Q4

Top Holding	Sector	Market Value	Weight
1 Accenture ACN	Information Technology Services Technology	$5.6M	0.50%
2 Sprouts Farmers Market SFM	Grocery Stores Consumer Defensive	$5.2M	0.46%
3 Microsoft MSFT	Software - Infrastructure Technology	$4.8M	0.43%