Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Independent Bk Corp Mass (INDB)

325 + Investors. Track Smart Money conviction in INDB. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +14
Streak
5Q ▲
Buyers last Q
51%

Smart Money Signals — INDB

Based on 328 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 5 quarters in a row

last 6Q
For 5 consecutive quarters, more hedge funds added INDB than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
328 hedge funds hold INDB right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +16% more funds vs a year ago

fund count last 6Q
+46 new funds entered over the past year (+16% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 51% buying

151 buying145 selling
Last quarter: 151 funds bought or added vs 145 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~42 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 34 → 46 → 41 → 42. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 20% medium ■ 20% new
197 out of 328 hedge funds have held INDB for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~42 new funds/quarter

39 → 34 → 46 → 41 → 42 new funds/Q
New funds entering each quarter: 34 → 46 → 41 → 42. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 66% of holders stayed 2+ years

■ 66% veterans ■ 10% 1-2yr ■ 24% new
Of 329 current holders: 216 (66%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 37% AUM from major funds

37% from top-100 AUM funds
47 of 328 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — INDB

In 2026 Q1, 151 hedge funds were net buyers of INDB (42 opened a new position, 109 added to an existing one), while 145 reduced or exited (117 trimmed, 28 sold completely) — a 51% buyer ratio, indicating a slight buying edge. This marks 5 consecutive quarters of net institutional buying — a persistent conviction signal. 37% of total institutional value in INDB is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +14 funds (more new holders than closures). Total institutional holders: 328.

Hedge Fund Ownership: INDB

How many hedge funds hold INDB — quarterly history vs. share price
Quarterly hedge fund ownership of INDB vs. share price

Market Analysis: INDB

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: INDB

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Independent Bk Corp Mass (INDB) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much INDB has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 75d ago
INDB
+10.7%
XLF
+8.0%

INDB outperformed XLF by +2.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
INDB
+9.5%
XLF
+4.4%

Since the filing became public, INDB outperformed XLF by +5.1% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

23 top-rated funds 0 high-conviction
Consensus
6.0
/ 10
breadth
×
Elite
0.9
/ 10
conviction
Hedge Fund Positioning: INDB
325 + Investors

Track Smart Money conviction in INDB. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 325 314 3.5%
13F Shares 41M 42M -2.3%
Total Value $3.02B $3.07B -1.45%
New Positions 41 41 -
Increased Positions 107 115 -8
Closed Positions 30 24 +6
Reduced Positions 116 110 +6
Total Calls 0 0 -
Total Puts 1 1 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: INDB

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Beta (5Y Monthly) --
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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

325 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in INDB. Verified SEC 13F-HR filings.

QUARTER:
Top 25 INDB holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Rockland Trust Co 4.43% 1,470,438 $110.6M
2 Moody Aldrich Partners LLC 1.95% 144,008 $10.8M
3 Channing Capital Management, LLC 1.81% 939,667 $70.7M
4 Deprince Race & Zollo Inc 1.47% 1,036,188 $77.9M
5 Reinhart Partners, LLC. 1.40% 649,296 $48.8M
6 FJ Capital Management LLC 1.40% 165,653 $12.5M
7 Nfj Investment Group, LLC 1.29% 451,749 $34.0M
8 Maltese Capital Management LLC 1.04% 69,950 $5.3M
9 Leeward Investments, LLC - MA 0.99% 266,073 $20.0M
10 Siena Capital Partners GP, LLC 0.83% 42,370 $3.2M
11 Carl P. Sherr & Co., LLC 0.75% 21,317 $1.6M
12 Dean Capital Management 0.58% 18,655 $1.4M
13 White Pine Capital LLC 0.54% 25,301 $1.9M
14 Excalibur Management Corp 0.52% 19,200 $1.4M
15 Basswood Capital Management, L.L.C. 0.49% 137,646 $10.4M
16 New England Research & Management, Inc. 0.41% 12,992 $977K
17 Foster Dykema Cabot & Partners, LLC 0.40% 82,067 $6.2M
18 Kelly Financial Services LLC 0.38% 20,915 $1.6M
19 Verition Fund Management LLC 0.34% 700,767 $52.7M
20 Sachetta, LLC 0.34% 8,304 $625K
21 Isthmus Partners, LLC 0.33% 41,904 $3.2M
22 MQS Management LLC 0.32% 6,253 $470K
23 Mendon Capital Advisors Corp 0.29% 10,000 $752K
24 Dean Investment Associates, LLC 0.28% 26,627 $2.0M
25 Silvercrest Asset Management Group LLC 0.27% 505,674 $38.0M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Independent Bk Corp Mass (INDB)

What does the Smart Money Trend signal show for INDB?

Buying streak — 5 quarters in a row: For 5 consecutive quarters, more hedge funds added INDB than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for INDB?

Slight buying edge — 51% buying: Last quarter: 151 funds bought or added vs 145 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for INDB holders?

Strong quality — 37% AUM from major funds: 47 of 328 holders rank in the top 100 by AUM, accounting for 37% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held INDB?

60% of holders stayed for 2+ years: 197 out of 328 hedge funds have held INDB for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Independent Bk Corp Mass (INDB) following the 2026 Q1 hedge fund 13F filings?

As of today, INDB has moved +9.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.4% for the XLF sector ETF — an outperformance of +5.1%. Since the quarter end (March 31, 2026), INDB has gained +10.7% vs +8.0% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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