Vault-13

INDEPENDENT BK CORP MICH IBCP

COM NEW · Common Stock · CUSIP 453838609

167 institutional holders -7 vs Q4 2024
17,399,15717.4m shares reported held*
83.0% of all shares outstanding*
$535.7mreported value*
16 new 61 added 55 reduced 20 sold out net sold ≈ $9.4m (-313.0k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($950.3k this quarter). Holder counts are more reliable. Shares outstanding: 21.0m as of 2025-03-06, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $30.79. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 123Q4 22: 132Q1 23: 130Q2 23: 121Q3 23: 116Q4 23: 135Q1 24: 134Q2 24: 143Q3 24: 151Q4 24: 174Q1 25: 167167Q3 22Q1 23Q3 23Q1 24Q3 24Q1 25
Numbers
QuarterHolders
Q3 2022123
Q4 2022132
Q1 2023130
Q2 2023121
Q3 2023116
Q4 2023135
Q1 2024134
Q2 2024143
Q3 2024151
Q4 2024174
Q1 2025167

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q2 23: 49 bought or addedQ2 23: 76 cut or sold outQ3 23: 47 bought or addedQ3 23: 53 cut or sold outQ3 23Q4 23: 66 bought or addedQ4 23: 48 cut or sold outQ1 24: 63 bought or addedQ1 24: 64 cut or sold outQ1 24Q2 24: 74 bought or addedQ2 24: 58 cut or sold outQ3 24: 73 bought or addedQ3 24: 62 cut or sold outQ3 24Q4 24: 78 bought or addedQ4 24: 68 cut or sold outQ1 25: 77 bought or addedQ1 25: 75 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q2 20234976
Q3 20234753
Q4 20236648
Q1 20246364
Q2 20247458
Q3 20247362
Q4 20247868
Q1 20257775

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20k$40k$60k$80kQ2 24 calls: $0Q2 24 puts: $0Q2 24P/C —Q3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $62.7kQ4 24 puts: $17.4kQ4 24P/C 0.28Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —
Numbers
QuarterCallsPutsP/C
Q2 2024$0$0—
Q3 2024$0$0—
Q4 2024$62.7k$17.4k0.28
Q1 2025$0$0—

Biggest buyers

BlackRock, Inc. Added +226,281+226.3k
VANGUARD GROUP INC Added +116,339+116.3k
MILLENNIUM MANAGEMENT LLC Added +107,972+108.0k
Qube Research & Technologies Ltd Added +89,959+90.0k
Cubist Systematic Strategies, LLC Added +55,638+55.6k
ExodusPoint Capital Management, LP Added +52,157+52.2k
AMERICAN CENTURY COMPANIES INC Added +44,071+44.1k
RENAISSANCE TECHNOLOGIES LLC Added +42,300+42.3k
LSV ASSET MANAGEMENT Added +40,856+40.9k
TWO SIGMA INVESTMENTS, LP Added +37,476+37.5k

Biggest sellers

Boston Partners Reduced -332,750-332.8k
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC Sold out -289,290-289.3k
Russell Investments Group, Ltd. Reduced -141,866-141.9k
Assenagon Asset Management S.A. Reduced -118,170-118.2k
BRIDGEWAY CAPITAL MANAGEMENT, LLC Reduced -113,833-113.8k
Empowered Funds, LLC Sold out -67,654-67.7k
AMERIPRISE FINANCIAL INC Reduced -66,202-66.2k
BANK OF AMERICA CORP /DE/ Reduced -63,421-63.4k
MACKENZIE FINANCIAL CORP Sold out -46,311-46.3k
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -37,185-37.2k

Biggest calls

Biggest puts

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
BlackRock, Inc. 13G · institution filed 2025-03-07 8.9% 1.9m≈ $67.4m 2025-03-07
BlackRock Portfolio Management LLC 13G · institution new · filed 2025-04-15 5.9% new 1.2m≈ $44.4m 2025-04-15
VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 5.1% new 1.1m≈ $38.2m 2026-04-30

Fell to 5% or below in the last year: FMR LLC (2.7%, 2026-05-06), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)

Insider purchases and sales in Q1 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
404Q2 23: 3 buyingQ2 23: 0 sellingQ3 23: 0 buyingQ3 23: 1 sellingQ3 23Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 0 buyingQ1 24: 0 sellingQ1 24Q2 24: 0 buyingQ2 24: 3 sellingQ3 24: 0 buyingQ3 24: 2 sellingQ3 24Q4 24: 2 buyingQ4 24: 1 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20233$80.7k0——
Q3 20230—1$41.0k—
Q4 20230—0——
Q1 20240—0——
Q2 20240—3$135.8k—
Q3 20240—2$113.0k—
Q4 20242$39.8k1$150.8k—
Q1 20250—0——

None reported in Q1 2025.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,089,1453.1m $95.1m $95.1m 0.00% Added +226.3k +226,281
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,335,0491.3m $41.1m $41.1m 0.00% Added +116.3k +116,339
3 FMR LLC 0.00% of their portfolio BOSTON, MA 1,065,2071.1m $32.8m $32.8m 0.00% Added +18.2k +18,214
4 DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio AUSTIN, TX 910,762910.8k $28.0m $28.0m 0.01% Reduced -35.2k -35,181
5 FJ Capital Management LLC 2.18% of their portfolio MCLEAN, VA 683,156683.2k $21.0m $21.0m 2.18% Added +12.7k +12,672
6 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 671,160671.2k $20.7m $20.7m 0.00% Reduced -4.2k -4,246
7 RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio NEW YORK, NY 608,000608.0k $18.7m $18.7m 0.03% Added +42.3k +42,300
8 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 567,685567.7k $17.5m $17.5m 0.01% Added +44.1k +44,071
9 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 525,621525.6k $16.2m $16.2m 0.00% Added +29.2k +29,178
10 ACADIAN ASSET MANAGEMENT LLC 0.04% of their portfolio Boston, MA 502,040502.0k $15.5m $15.5m 0.04% Added +897 +897
11 LSV ASSET MANAGEMENT 0.03% of their portfolio CHICAGO, IL 460,026460.0k $14.2m $14.2m 0.03% Added +40.9k +40,856
12 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 426,204426.2k $13.1m $13.1m 0.00% First filing
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 418,933418.9k $12.9m $12.9m 0.00% Reduced -28.8k -28,757
14 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 404,245404.2k $12.4m $12.4m 0.01% Added +320 +320
15 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 326,145326.1k $10.0m $10.0m 0.01% Reduced -11.0k -10,967
16 PL Capital Advisors, LLC 3.30% of their portfolio NAPLES, FL 318,985319.0k $9.8m $9.8m 3.30% Unchanged
17 Allspring Global Investments Holdings, LLC 0.02% of their portfolio CHARLOTTE, NC 306,059306.1k $9.4m $9.4m 0.02% Reduced -13.4k -13,440
18 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 298,986299.0k $9.2m $9.2m 0.00% Added +12.9k +12,855
19 ProShare Advisors LLC 0.02% of their portfolio BETHESDA, MD 228,141228.1k $7.0m $7.0m 0.02% Added +20.3k +20,274
20 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 213,909213.9k $6.6m $6.6m 0.00% Reduced -5.0k -5,024
21 Foundry Partners, LLC 0.35% of their portfolio MINNEAPOLIS, MN 211,845211.8k $6.5m $6.5m 0.35% Reduced -1.4k -1,380
22 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 168,084168.1k $5.2m $5.2m 0.00% Reduced -4.3k -4,262
23 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 164,807164.8k $5.1m $5.1m 0.00% Reduced -2.4k -2,442
24 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 161,757161.8k $5.0m $5.0m 0.00% Added +13.6k +13,583
25 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 130,953131.0k $4.0m $4.0m 0.00% Added +108.0k +107,972
26 FEDERATED HERMES, INC. 0.01% of their portfolio PITTSBURGH, PA 122,896122.9k $3.8m $3.8m 0.01% Reduced -676 -676
27 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 119,566119.6k $3.7m $3.7m 0.00% Reduced -23.5k -23,497
28 JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio FLORHAM PARK, NJ 110,938110.9k $3.4m $3.4m 0.01% Added +24.6k +24,550
29 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 104,759104.8k $3.2m $3.2m 0.01% Added +90.0k +89,959
30 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 88,63788.6k $2.7m $2.7m 0.00% Reduced -13.8k -13,843
31 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 88,47088.5k $2.7m $2.7m 0.00% Reduced -17.3k -17,317
32 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 84,79484.8k $2.6m $2.6m 0.00% Reduced -141.9k -141,866
33 TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio STAMFORD, CT 81,42881.4k $2.5m $2.5m 0.02% Added +23.5k +23,490
34 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 77,39877.4k $2.4m $2.4m 0.00% Reduced -1.2k -1,225
35 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 75,47875.5k $2.3m $2.3m 0.00% Reduced -8.5k -8,451
36 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 71,11571.1k $2.2m $2.2m 0.00% Added +13.9k +13,926
37 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 67,08567.1k $2.1m $2.1m 0.00% Reduced -66.2k -66,202
38 MALTESE CAPITAL MANAGEMENT LLC 0.33% of their portfolio New York, NY 64,99265.0k $2.0m $2.0m 0.33% Unchanged
39 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 61,36361.4k $1.9m $1.9m 0.00% Reduced -63.4k -63,421
40 ExodusPoint Capital Management, LP 0.02% of their portfolio NEW YORK, NY 61,28761.3k $1.9m $1.9m 0.02% Added +52.2k +52,157
41 Cubist Systematic Strategies, LLC 0.02% of their portfolio STAMFORD, CT 60,98961.0k $1.9m $1.9m 0.02% Added +55.6k +55,638
42 AXA S.A. 0.01% of their portfolio PARIS, I0 56,37056.4k $1.7m $1.7m 0.01% Added +6.3k +6,277
43 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 53,85453.9k $1.7m $1.7m 0.00% Added +34.6k +34,555
44 MARTINGALE ASSET MANAGEMENT L P 0.04% of their portfolio BOSTON, MA 53,38153.4k $1.6m $1.6m 0.04% Added +1.3k +1,340
45 Advisory Services Network, LLC 0.03% of their portfolio ATLANTA, GA 51,12651.1k $1.6m $1.6m 0.03% Unchanged
46 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 49,80349.8k $1.5m $1.5m 0.00% Added +37.5k +37,476
47 Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio VANCOUVER, A1 48,07948.1k $1.5m $1.5m 0.01% Added +14.0k +13,969
48 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 47,50447.5k $1.5m $1.5m 0.00% Reduced -4.3k -4,310
49 GLOBEFLEX CAPITAL L P 0.12% of their portfolio SAN DIEGO, CA 42,71842.7k $1.3m $1.3m 0.12% Unchanged
50 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 42,21042.2k $1.3m $1.3m 0.00% Added +10.0k +10,029
51 Swiss National Bank 0.00% of their portfolio ZURICH, V8 40,50040.5k $1.2m $1.2m 0.00% Reduced -800 -800
52 TEACHER RETIREMENT SYSTEM OF TEXAS 0.01% of their portfolio AUSTIN, TX 39,04739.0k $1.2m $1.2m 0.01% Reduced -4.0k -4,010
53 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 38,73738.7k $1.2m $1.2m 0.00% Reduced -2.9k -2,912
54 UBS Group AG 0.00% of their portfolio ZURICH, V8 37,86137.9k $1.2m $1.2m 0.00% Added +4.1k +4,119
55 Trexquant Investment LP 0.01% of their portfolio STAMFORD, CT 35,45735.5k $1.1m $1.1m 0.01% Reduced -16.2k -16,162
56 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 33,76733.8k $1.0m $1.0m 0.00% Added +19.0k +19,030
57 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 33,49033.5k $1.0m $1.0m 0.00% First filing
58 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 33,19033.2k $1.0m $1.0m 0.00% New
59 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 32,40832.4k $997.8k $997.8k 0.00% Reduced -171 -171
60 HUDSON EDGE INVESTMENT PARTNERS INC. 0.20% of their portfolio JERSEY CITY, NJ 31,25831.3k $962.4k $962.4k 0.20% Added +9.6k +9,630
61 Alberta Investment Management Corp 0.01% of their portfolio EDMONTON, A0 30,30030.3k $932.9k $932.9k 0.01% Unchanged
62 VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio San Antonio, TX 29,03229.0k $893.9k $893.9k 0.00% Reduced -943 -943
63 SummerHaven Investment Management, LLC 0.62% of their portfolio STAMFORD, CT 29,01029.0k $893.2k $893.2k 0.62% Added +395 +395
64 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 28,79228.8k $886.5k $886.5k 0.00% New
65 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 28,29628.3k $871.2k $871.2k 0.00% Reduced -1.5k -1,464
66 GSA CAPITAL PARTNERS LLP 0.07% of their portfolio LONDON, X0 26,72226.7k $823.0k $823.0k 0.07% Added +10.2k +10,170
67 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 26,30826.3k $810.0k $810.0k 0.00% Reduced -11.8k -11,787
68 Brandywine Global Investment Management, LLC 0.01% of their portfolio PHILADELPHIA, PA 25,43825.4k $783.2k $783.2k 0.01% Reduced -1.0k -1,000
69 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 25,32425.3k $780.0k $780.0k 0.00% Added +10.4k +10,384
70 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 25,24625.2k $777.3k $777.3k 0.00% Added +11.1k +11,122
71 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 24,76124.8k $763.0k $763.0k 0.00% Reduced -37.2k -37,185
72 WEDGE CAPITAL MANAGEMENT L L P/NC 0.01% of their portfolio CHARLOTTE, NC 24,12924.1k $742.9k $742.9k 0.01% Added +4.6k +4,643
73 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 23,64023.6k $727.9k $727.9k 0.00% Added +9.4k +9,355
74 Man Group plc 0.00% of their portfolio LONDON, X0 22,96323.0k $707.0k $707.0k 0.00% New
75 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 21,69321.7k $667.9k $667.9k 0.00% Unchanged
76 BAILARD, INC. 0.02% of their portfolio Foster City, CA 21,26021.3k $654.6k $654.6k 0.02% Unchanged
77 Legal & General Group Plc 0.00% of their portfolio London, X0 20,36020.4k $626.9k $626.9k 0.00% Unchanged
78 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 19,47619.5k $599.7k $599.7k 0.00% Unchanged
79 AlphaQuest LLC 0.07% of their portfolio New York, NY 19,44719.4k $598.8k $598.8k 0.07% Added +5.2k +5,209
80 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.02% of their portfolio HOUSTON, TX 19,42119.4k $598.0k $598.0k 0.02% Reduced -113.8k -113,833
81 SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.01% of their portfolio BALA CYNWYD, PA 19,00919.0k $585.3k $585.3k 0.01% Added +13.2k +13,164
82 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 18,90018.9k $581.9k $581.9k 0.00% Added +8.0k +8,000
83 INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio WEST PALM BEACH, FL 18,80518.8k $579.0k $579.0k 0.01% Added +6.3k +6,289
84 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 18,30318.3k $563.5k $563.5k 0.00% Reduced -22 -22
85 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 18,14718.1k $559.0k $559.0k 0.00% Reduced -20.9k -20,944
86 Rafferty Asset Management, LLC 0.00% of their portfolio New York, NY 18,06618.1k $556.3k $556.3k 0.00% Added +952 +952
87 Campbell & CO Investment Adviser LLC 0.04% of their portfolio BALTIMORE, MD 17,96218.0k $553.0k $553.0k 0.04% Added +6.4k +6,444
88 Grantham, Mayo, Van Otterloo & Co. LLC 0.00% of their portfolio Boston, MA 17,72217.7k $545.7k $545.7k 0.00% Added +6.1k +6,139
89 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 16,92116.9k $521.0k $521.0k 0.00% Added +7.7k +7,721
90 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 16,81116.8k $517.0k $517.0k 0.00% New
91 LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio LOS ANGELES, CA 16,47616.5k $507.3k $507.3k 0.00% Reduced -2.4k -2,420
92 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 15,62015.6k $480.9k $480.9k 0.00% Added +5.1k +5,051
93 Boston Partners 0.00% of their portfolio BOSTON, MA 15,23615.2k $469.1k $469.1k 0.00% Reduced -332.8k -332,750
94 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 15,07915.1k $464.3k $464.3k 0.00% Added +4.1k +4,062
95 OCCUDO QUANTITATIVE STRATEGIES LP 0.06% of their portfolio FORT LAUDERDALE, FL 14,42414.4k $445.1k $445.1k 0.06% New
96 Assenagon Asset Management S.A. 0.00% of their portfolio SENNINGERBERG, N4 14,06414.1k $433.0k $433.0k 0.00% Reduced -118.2k -118,170
97 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 14,04914.0k $432.6k $432.6k 0.00% Added +28 +28
98 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 14,01714.0k $431.6k $431.6k 0.00% Reduced -1.7k -1,729
99 Rehmann Capital Advisory Group 0.03% of their portfolio LANSING, MI 13,58113.6k $418.2k $418.2k 0.03% Reduced -400 -400
100 Sterling Capital Management LLC 0.01% of their portfolio CHARLOTTE, NC 13,30613.3k $409.7k $409.7k 0.01% Reduced -1.4k -1,415