Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Independent Bk Corp Mass (INDB)

345 + 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
↑ +18
Streak
6Q ▲
Buyers last Q
54%

Smart Money Signals — INDB

Based on 349 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 6 quarters in a row

last 6Q
For 6 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
349 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.
🚀

Fast accumulation — +21% more funds vs a year ago

fund count last 6Q
+61 new funds entered over the past year (+21% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 54% buying

172 buying146 selling
Last quarter: 172 funds bought or added vs 146 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.
📈

More new buyers each quarter (+12 vs last Q)

new funds entering per quarter
Funds opening a new INDB position: 46 → 41 → 43 → 55. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 18% medium ■ 21% new
211 out of 349 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.
📈

Growing discovery — still being found

36 → 46 → 41 → 43 → 55 new funds/Q
New funds entering each quarter: 46 → 41 → 43 → 55. A growing number of institutions are discovering INDB each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 63% veterans vs 25% newcomers

■ 63% veterans ■ 12% 1-2yr ■ 25% new
Entry-cohort mix of 350 holders: 221 (63%) are 2+ year veterans, 43 entered 1–2 years ago, and 86 (25%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 58% AUM from top-100 funds

58% from top-100 AUM funds
53 of 349 holders are among the 100 largest funds by AUM, controlling 58% of total institutional value in INDB. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — 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 Q2, 172 hedge funds were net buyers of INDB (55 opened a new position, 117 added to an existing one), while 146 reduced or exited (109 trimmed, 37 sold completely) — a 54% buyer ratio, indicating a slight buying edge. This marks 6 consecutive quarters of net institutional buying — a persistent conviction signal. 58% of total institutional value in INDB is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +18 funds (more new holders than closures). Total institutional holders: 349.

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

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

13 top-rated funds 2 high-conviction
Consensus
5.0
/ 10
breadth
×
Elite
1.8
/ 10
conviction
Hedge Fund Positioning: INDB
345 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 345 331 4.23%
13F Shares 40M 42M -3.08%
Total Value $3.26B $3.05B 6.9%
New Positions 54 43 +11
Increased Positions 116 109 +7
Closed Positions 40 27 +13
Reduced Positions 107 117 -10
Total Calls 0 0 -
Total Puts 1 1 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: INDB

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Institutional Holders (2026 Q2)

345 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Rockland Trust Co 4.69% 1,427,951 $119.5M
2 Channing Capital Management, LLC 1.84% 953,435 $79.8M
3 Moody Aldrich Partners LLC 1.72% 114,219 $9.6M
4 Maltese Capital Management LLC 1.30% 85,000 $7.1M
5 Reinhart Partners, LLC. 1.26% 657,871 $55.1M
6 Nfj Investment Group, LLC 1.19% 421,384 $35.3M
7 Leeward Investments, LLC - MA 0.99% 260,345 $21.8M
8 Siena Capital Partners GP, LLC 0.86% 42,370 $3.5M
9 White Pine Capital LLC 0.75% 38,160 $3.2M
10 Carl P. Sherr & Co., LLC 0.74% 21,087 $1.8M
11 Deprince Race & Zollo Inc 0.53% 379,723 $31.8M
12 Excalibur Management Corp 0.53% 19,200 $1.6M
13 Teza Capital Management LLC 0.52% 3,205 $268K
14 William John Sempolinski 0.50% 14,689 $1.2M
15 Basswood Capital Management, L.L.C. 0.46% 137,646 $11.5M
16 New England Research & Management, Inc. 0.41% 12,730 $1.1M
17 Foster Dykema Cabot & Partners, LLC 0.40% 82,067 $6.9M
18 Dean Capital Management 0.38% 12,458 $1.0M
19 Kelly Financial Services LLC 0.37% 20,771 $1.7M
20 MQS Management LLC 0.36% 3,524 $295K
21 Isthmus Partners, LLC 0.34% 42,060 $3.5M
22 Boston Research & Management Inc 0.31% 17,011 $1.4M
23 Sachetta, LLC 0.31% 7,518 $629K
24 Polaris Capital Management, LLC 0.28% 35,239 $3.0M
25 MY Wealth Management Inc. 0.27% 10,757 $388K
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 — 6 quarters in a row: For 6 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 — 54% buying: Last quarter: 172 funds bought or added vs 146 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?

Elite ownership — 58% AUM from top-100 funds: 53 of 349 holders are among the 100 largest funds by AUM, controlling 58% of total institutional value in INDB. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held INDB?

60% of holders stayed for 2+ years: 211 out of 349 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.

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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