Independent Bank Corp

INDB • NASDAQ

Independent Bank Corp is a banks - regional company in the financial services sector on NASDAQ, led by Jeffrey J. Tengel, with a market cap of $3.8B. As of Q3 2025, 82% of shares are held by 300 institutional investors, with BlackRock, Inc. as the largest holder at 14.05%.

CEOJeffrey J. Tengel

Market Cap$3.8B

Banks - Regional

Financial Services

Employees1.8K

Websiterocklandtrust.com

Country

United States of America

Overview

Overview of institutional ownership in INDB as of Q3 2025 with a market cap of $3.5B

All Institutions

Institutions: 300
Value Held: $2.8B
Shares Held: 40.9M
Avg Position: $9.4M
Median Position: $722.7K

Hedge Funds

Hedge Funds: 17
Value Held: $173.8M
Shares Held: 2.5M
Avg Position: $10.2M
Median Position: $4.2M

Ownership Breakdown

Institutional (non-HF)

76.99%

$2.7B

Hedge Funds

5.03%

$173.8M

Retail & Other

17.97%

$620.6M

Based on market cap of $3.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in INDB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BlackRock, Inc. Institution	Laurence D. Fink CEO	$485.2M 0.01% of portfolio	14.05% 7.0M shares	≤ Q2 2013 Held for 12y 6m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$411.1M 0.01% of portfolio	11.91% 5.9M shares	≤ Q2 2013 Held for 12y 6m+	$6.69T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$180.3M 0.04% of portfolio	5.22% 2.6M shares	≤ Q2 2013 Held for 12y 6m+	$466.34B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$178.3M 0.01% of portfolio	5.12% 2.6M shares	≤ Q2 2013 Held for 12y 6m+	$2.88T
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$118.0M 0.04% of portfolio	3.42% 1.7M shares	≤ Q2 2013 Held for 12y 6m+	$317.45B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$83.9M 0.01% of portfolio	2.43% 1.2M shares	≤ Q2 2013 Held for 12y 6m+	$1.57T
M MACQUARIE GROUP LTD Institution	-	$81.2M 0.10% of portfolio	2.35% 1.2M shares	≤ Q2 2013 Held for 12y 6m+	$82.9B
D DEPRINCE RACE & ZOLLO INC Long Only Manager	John Dudley Race CEO	$71.4M 1.42% of portfolio	2.07% 1.0M shares	Q3 2024 Held for 1y 3m	$5.0B
Verition Fund Management LLC Hedge Fund•Multi-Strategy	Nicholas Matthew Maounis CEO	$65.4M 0.39% of portfolio	1.90% 946.0K shares	Q2 2024 Held for 1y 6m	$16.7B
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	David Craig Brown CEO	$59.4M 0.04% of portfolio	1.72% 858.7K shares	Q3 2013 Held for 12y 3m	$158.22B

Net Capital Flow

Institutional buying and selling activity for INDB in Q3 2025

Traded: +$204.9M
Buyers: 188
Sellers: 91
Total Bought: +$360.2M
Total Sold: −$155.3M
Avg Position: $8.6M

Biggest Buyers

Institution	Net Bought	Current Position
BlackRock, Inc. Institution	+$59.4M +858.8K shares	$485.2M 7.0M shares
VANGUARD GROUP INC Institution	+$53.2M +769.1K shares	$411.1M 5.9M shares
NFJ INVESTMENT GROUP, LLC Long Only Manager	+$24.1M +349.0K shares	$34.3M 495.5K shares
STATE STREET CORP Institution	+$21.8M +311.9K shares	$178.3M 2.6M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$20.0M +288.6K shares	$24.2M 349.6K shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	+$17.3M +250.7K shares	$180.3M 2.6M shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$11.3M +163.1K shares	$83.9M 1.2M shares
BANK OF AMERICA CORP /DE/ Institution	+$11.1M +160.8K shares	$38.4M 555.2K shares
Verition Fund Management LLC Hedge Fund•Multi-Strategy	+$9.8M +141.9K shares	$65.4M 946.0K shares
GOLDMAN SACHS GROUP INC Institution	+$9.6M +138.7K shares	$47.7M 689.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
B BTIM Corp. Institution	−$36.8M −585.0K shares	Sold Off 0 shares
FIRST TRUST ADVISORS LP ETF Provider	−$19.1M −276.0K shares	$26.4M 381.6K shares
FJ Capital Management LLC Hedge Fund•Long/Short	−$18.7M −270.6K shares	$26.2M 378.7K shares
A AMERICAN CENTURY COMPANIES INC Institution	−$14.0M −203.1K shares	$9.9M 143.2K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	−$6.5M −93.5K shares	$2.3M 32.7K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$6.3M −91.3K shares	$4.2M 60.5K shares
ALGERT COLDIRON INVESTORS LLC Hedge Fund•Quant	−$5.3M −83.6K shares	Sold Off 0 shares
NUANCE INVESTMENTS, LLC Long Only Manager	−$3.5M −56.1K shares	Sold Off 0 shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	−$3.3M −47.4K shares	$59.4M 858.7K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$3.2M −46.4K shares	$2.4M 34.6K shares

Entry and Exit Activity

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

New Positions: 22
New Value: $26.0M
Exited Positions: 28
Exited Value: $57.4M

New Positions

Institution	Position Value
Bridgewater Associates, LP Hedge Fund•Global Macro	$6.8M 98.6K shares
C CIBC World Markets Inc. Institution	$6.5M 94.1K shares
FOSTER DYKEMA CABOT & PARTNERS, LLC RIA/Wealth	$5.5M 79.0K shares
S SPINNAKER TRUST Institution	$1.9M 26.8K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$1.7M 24.4K shares
B BOSTON RESEARCH & MANAGEMENT INC Institution	$1.2M 17.0K shares
MERCER GLOBAL ADVISORS INC /ADV RIA/Wealth	$862.6K 12.5K shares
BridgePort Financial Solutions, LLC RIA/Wealth	$331.6K 4.8K shares
WHALEROCK POINT PARTNERS, LLC RIA/Wealth	$306.8K 4.4K shares
CABOT MONEY MANAGEMENT INC RIA/Wealth	$303.2K 4.4K shares

Exited Positions

Institution	Previous Position
B BTIM Corp. Institution	$36.8M 585.0K shares
ALGERT COLDIRON INVESTORS LLC Hedge Fund•Quant	$5.3M 83.6K shares
NUANCE INVESTMENTS, LLC Long Only Manager	$3.5M 56.1K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$2.2M 34.3K shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	$2.0M 32.0K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$1.5M 23.6K shares
D Dynamic Technology Lab Private Ltd Institution	$884.2K 14.1K shares
Q Quantessence Capital LLC Hedge Fund•Quant	$755.8K 12.0K shares
Fourthstone LLC Hedge Fund•Long/Short	$628.9K 10.0K shares
S SG Americas Securities, LLC Institution	$523.9K 8.3K shares

Options Activity

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

Call Positions: 0
Call Value: -
Put Positions: 1
Put Value: $594.9K

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$594.9K 86.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Siena Capital Management, LLC Hedge Fund•Sector	Daniel Kanter President	2.67% $4.5M	0.13% 64.4K shares	Q2 2024 Held for 1y 6m	$167.0M
FJ Capital Management LLC Hedge Fund•Long/Short	Andrew Frank Jose Founder	2.62% $26.2M	0.76% 378.7K shares	Q1 2025 Held for 9 months	$999.9M
MOODY ALDRICH PARTNERS LLC Long Only Manager	Philippe Louis Rolland CIO	2.00% $10.5M	0.31% 152.4K shares	Q1 2016 Held for 9y 9m	$527.2M
ROCKLAND TRUST CO Private Equity	Nolena Lynn Meche CFO	1.94% $47.4M	1.37% 685.4K shares	≤ Q2 2013 Held for 12y 6m+	$2.4B
Dean Capital Management Long Only Manager	Jessica Lynn Skinner CCO	1.47% $3.8M	0.11% 54.7K shares	Q3 2023 Held for 2y 3m	$256.5M
D DEPRINCE RACE & ZOLLO INC Long Only Manager	John Dudley Race CEO	1.42% $71.4M	2.07% 1.0M shares	Q3 2024 Held for 1y 3m	$5.0B
REINHART MAHONEY CAPITAL MANAGEMENT INC Long Only Manager	James Everett Reinhart CEO	1.22% $37.5M	1.08% 541.4K shares	Q2 2025 Held for 6 months	$3.1B
NFJ INVESTMENT GROUP, LLC Long Only Manager	George Robert Aylward CEO	1.18% $34.3M	0.99% 495.5K shares	Q4 2023 Held for 2 years	$2.9B
B BASSWOOD CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Long/Short	Bennett David Lindenbaum Managing Partner	1.02% $22.0M	0.64% 318.3K shares	Q1 2025 Held for 9 months	$2.2B
Leeward Investments, LLC - MA Long Only Manager	R. Todd Vingers President	0.97% $19.0M	0.55% 274.7K shares	Q4 2022 Held for 3 years	$2.0B

Hedge Fund Spotlight

Discover hedge funds investing in INDB

RENAISSANCE TECHNOLOGIES LLC

Hedge Fund • Quant

Portfolio ManagerDavid Allen Lippe

Portfolio Value: $75.8B
Positions: 3,421
Last Reported: Q3 2025

Sector Allocation

Position in Independent Bank Corp

Market Value: $4.2M
Shares Held: 60.5K
Portfolio Weight: 0.01%
Owned Since: 2021-Q2

Top Holding	Sector	Market Value	Weight
1 Palantir Technologies Inc. PLTR	Software - Infrastructure Technology	$1.6B	2.06%
2 Nvidia NVDA	Semiconductors Technology	$1.1B	1.39%
3 Roblox RBLX	Electronic Gaming & Multimedia Technology	$953.5M	1.26%