Who Owns Independent Bank Stock?
NASDAQ: INDBFinanceMajor BanksUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Ownership breakdown
- Held by institutions
- 88.05%
- Held by insiders
- 1.65%
- Institutional holders
- 466
- Institutions 88.0%
- Insiders 1.6%
- Public and other 10.3%
Who owns Independent Bank stock?
Institutional investors own about 88.0% of Independent Bank's shares, spread across 466 institutions that file 13F reports. That level of institutional ownership is high, typical of large, widely followed companies. Insiders, including executives, directors and large founding shareholders, hold 1.65% of INDB.
The largest institutional holders are Blackrock Inc. (14.73%), Vanguard Portfolio Management LLC (6.91%) and State Street Corporation (5.59%). Together, the top 10 institutions control 49.8% of shares outstanding. In their latest filings, 4 of the top 10 institutions increased their INDB positions and 6 reduced them.
Summary generated from market data by MetaCap's automated system. Methodology
Top institutional holders of INDB
| Institution | Shares | % Held | Change |
|---|---|---|---|
| Blackrock Inc. | 6.98M | 14.73% | -2.3% |
| Vanguard Portfolio Management LLC | 3.27M | 6.91% | -1.0% |
| State Street Corporation | 2.65M | 5.59% | +5.8% |
| Dimensional Fund Advisors LP | 2.63M | 5.56% | +2.5% |
| Vanguard Capital Management LLC | 2.17M | 4.58% | -1.3% |
| Geode Capital Management, LLC | 1.44M | 3.04% | +14.0% |
| Rockland Trust Company | 1.39M | 2.93% | -2.7% |
| Alliancebernstein L.P. | 1.18M | 2.49% | -19.0% |
| Channing Capital Management, LLC | 953.43K | 2.01% | +1.5% |
| Nomura Asset Management International Inc | 917.17K | 1.94% | -0.5% |
% held is the share of total shares outstanding. Change is the percentage change in the position since the holder's previous 13F filing.
Top mutual fund and ETF holders of INDB
| Fund | Shares | % Held |
|---|---|---|
| iShares Trust-iShares Core S&P Small-Cap ETF | 2.90M | 6.12% |
| VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund | 1.54M | 3.24% |
| iShares Trust-iShares Russell 2000 ETF | 1.25M | 2.63% |
| VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund | 1.11M | 2.34% |
| VANGUARD INDEX FUNDS-Vanguard Small-Cap Value Index Fund | 702.08K | 1.48% |
| Delaware Group Equity Funds V-Nomura Small Cap Core Fund | 689.14K | 1.45% |
| DFA INVESTMENT DIMENSIONS GROUP INC-U.S. Small Cap Value Portfolio | 619.06K | 1.31% |
| VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund | 552.96K | 1.17% |
| Fidelity Salem Street Trust-Fidelity Small Cap Index Fund | 536.78K | 1.13% |
| SPDR SERIES TRUST-State Street SPDR Portfolio S&P 600 Small Cap ETF | 454.51K | 0.96% |
Frequently asked questions
Who is the largest shareholder of Independent Bank?
Blackrock Inc. is the largest institutional shareholder of INDB, owning 14.73% of shares outstanding (6.98M shares) as of its latest 13F filing.
What percentage of Independent Bank is owned by institutions?
Institutions own about 88.0% of INDB shares and 89.5% of the public float.
How much of Independent Bank do insiders own?
Insiders, such as officers and directors, own about 1.65% of INDB shares outstanding.
Where does institutional ownership data come from?
Investment managers with more than $100 million in US equities must file Form 13F with the SEC within 45 days of each quarter-end. Holdings are therefore up to about 4.5 months old when published.