Vault-13

INDEPENDENT BANK GROUP INC IBTX

COM · Common Stock · CUSIP 45384B106

179 institutional holders -10 vs Q1 2023
30,947,25330.9m shares reported held*
$1.1bnreported value*
27 new 72 added 55 reduced 36 sold out net sold ≈ $92.2m (-2.5m 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 ($6.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $34.38. Options: 3 managers hold calls ($711.3k notional), 4 hold puts ($520.6k).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 199Q4 22: 181Q1 23: 189Q2 23: 179179Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022199
Q4 2022181
Q1 2023189
Q2 2023179

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 72 bought or addedQ4 22: 99 cut or sold outQ4 22Q1 23: 104 bought or addedQ1 23: 78 cut or sold outQ1 23Q2 23: 99 bought or addedQ2 23: 91 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20227299
Q1 202310478
Q2 20239991

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ3 22 calls: $399.0kQ3 22 puts: $325.0kQ3 22P/C 0.81Q4 22 calls: $1.4mQ4 22 puts: $18.0kQ4 22P/C 0.01Q1 23 calls: $287.4kQ1 23 puts: $273.5kQ1 23P/C 0.95Q2 23 calls: $711.3kQ2 23 puts: $520.6kQ2 23P/C 0.73
Numbers
QuarterCallsPutsP/C
Q3 2022$399.0k$325.0k0.81
Q4 2022$1.4m$18.0k0.01
Q1 2023$287.4k$273.5k0.95
Q2 2023$711.3k$520.6k0.73

Biggest buyers

STATE STREET CORP Added +313,039+313.0k
MANUFACTURERS LIFE INSURANCE COMPANY, THE Added +298,044+298.0k
PEREGRINE CAPITAL MANAGEMENT LLC New +217,399+217.4k
Hodges Capital Management Inc. New +146,391+146.4k
MORGAN STANLEY Added +92,729+92.7k
Empowered Funds, LLC New +86,887+86.9k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New +82,200+82.2k
BRIDGEWAY CAPITAL MANAGEMENT, LLC Added +67,216+67.2k
SEI INVESTMENTS CO Added +58,255+58.3k
FRANKLIN RESOURCES INC New +51,474+51.5k

Biggest sellers

FMR LLC Reduced -1,996,455-2.0m
Capital Research Global Investors Reduced -1,212,197-1.2m
DIMENSIONAL FUND ADVISORS LP Reduced -350,230-350.2k
GOLDMAN SACHS GROUP INC Reduced -242,995-243.0k
AMERIPRISE FINANCIAL INC Reduced -236,981-237.0k
Summit Creek Advisors LLC Sold out -140,000-140.0k
North Reef Capital Management LP Sold out -135,135-135.1k
Keeley-Teton Advisors, LLC Reduced -79,471-79.5k
Holocene Advisors, LP Reduced -72,903-72.9k
TWO SIGMA INVESTMENTS, LP Reduced -56,209-56.2k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $483.4k14.0k shares
CITADEL ADVISORS LLC Added $227.9k6.6k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

PEAK6 Investments LLC Added $297.0k8.6k shares
CITADEL ADVISORS LLC Added $172.7k5.0k shares
SIMPLEX TRADING, LLC New $51.0k1.5k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

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.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock Inc. 0.01% of their portfolio New York, NY 5,756,9325.8m $198.8m $198.8m 0.01% Added +5.2k +5,232
2 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 4,162,0064.2m $143.7m $143.7m 0.00% Reduced -55.4k -55,448
3 FMR LLC 0.01% of their portfolio BOSTON, MA 3,296,8773.3m $113.8m $113.8m 0.01% Reduced -2.0m -1,996,455
4 DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio AUSTIN, TX 2,287,7992.3m $79.0m $79.0m 0.03% Reduced -350.2k -350,230
5 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 2,002,2492.0m $69.1m $69.1m 0.00% Added +313.0k +313,039
6 T. Rowe Price Investment Management, Inc. 0.03% of their portfolio BALTIMORE, MD 1,218,6631.2m $42.1m $42.1m 0.03% Added +9.5k +9,481
7 AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio KANSAS CITY, MO 961,378961.4k $33.2m $33.2m 0.03% Added +31.6k +31,582
8 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 740,769740.8k $25.6m $25.6m 0.00% Added +25.2k +25,220
9 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 730,365730.4k $25.2m $25.2m 0.01% Added +298.0k +298,044
10 MACQUARIE GROUP LTD 0.03% of their portfolio Sydney, NSW 2000, C3 719,343719.3k $24.8m $24.8m 0.03% Added +9.1k +9,117
11 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 524,233524.2k $18.1m $18.1m 0.01% Reduced -458 -458
12 ROYCE & ASSOCIATES LP 0.17% of their portfolio New York, NY 493,076493.1k $17.0m $17.0m 0.17% Added +26.9k +26,919
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 484,017484.0k $16.7m $16.7m 0.00% Added +92.7k +92,729
14 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 416,209416.2k $14.4m $14.4m 0.00% Added +20.1k +20,134
15 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 395,788395.8k $13.7m $13.7m 0.00% Reduced -3.6k -3,589
16 NORGES BANK 0.00% of their portfolio OSLO, Q8 378,121378.1k $13.1m $13.1m 0.00% Unchanged
17 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 366,446366.4k $12.7m $12.7m 0.00% Added +27.5k +27,457
18 HighTower Advisors, LLC 0.02% of their portfolio CHICAGO, IL 301,188301.2k $10.4m $10.4m 0.02% Added +25.5k +25,537
19 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 220,763220.8k $7.6m $7.6m 0.00% Reduced -243.0k -242,995
20 PEREGRINE CAPITAL MANAGEMENT LLC 0.20% of their portfolio MINNEAPOLIS, MN 217,399217.4k $7.5m $7.5m 0.20% New
21 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 211,049211.0k $7.3m $7.3m 0.00% Added +5.6k +5,570
22 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 210,336210.3k $7.3m $7.3m 0.00% Added +25.2k +25,229
23 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 202,014202.0k $7.0m $7.0m 0.00% Reduced -12.2k -12,161
24 CHARTWELL INVESTMENT PARTNERS, LLC 0.21% of their portfolio BERYWN, PA 169,597169.6k $5.9m $5.9m 0.21% Reduced -5.7k -5,729
25 Holocene Advisors, LP 0.02% of their portfolio New York, NY 163,450163.4k $5.6m $5.6m 0.02% Reduced -72.9k -72,903
26 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 161,682161.7k $5.6m $5.6m 0.01% Added +58.3k +58,255
27 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 152,156152.2k $5.3m $5.3m 0.00% Reduced -237.0k -236,981
28 Hodges Capital Management Inc. 0.00% of their portfolio DALLAS, TX 146,391146.4k $7.2k $7.2k 0.00% New
29 TRUIST FINANCIAL CORP 0.01% of their portfolio CHARLOTTE, NC 137,959138.0k $4.8m $4.8m 0.01% Added +69 +69
30 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 135,333135.3k $4.7m $4.7m 0.00% Added +49.6k +49,570
31 Capital Research Global Investors 0.00% of their portfolio Los Angeles, CA 132,402132.4k $4.6m $4.6m 0.00% Reduced -1.2m -1,212,197
32 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 125,365125.4k $4.3m $4.3m 0.00% Reduced -2.4k -2,371
33 BESSEMER GROUP INC 0.01% of their portfolio WOODBRIDGE, NJ 115,628115.6k $4.0m $4.0m 0.01% Added +41.5k +41,511
34 TUDOR INVESTMENT CORP ET AL 0.06% of their portfolio STAMFORD, CT 103,163103.2k $3.6m $3.6m 0.06% Reduced -966 -966
35 Legal & General Group Plc 0.00% of their portfolio London, X0 101,880101.9k $3.5m $3.5m 0.00% Reduced -2.3k -2,270
36 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.08% of their portfolio HOUSTON, TX 101,421101.4k $3.5m $3.5m 0.08% Added +67.2k +67,216
37 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 98,12898.1k $3.4m $3.4m 0.00% Unchanged
38 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 89,46189.5k $3.1m $3.1m 0.01% Reduced -2.5k -2,532
39 TWO SIGMA ADVISERS, LP 0.01% of their portfolio NEW YORK, NY 88,90088.9k $3.1m $3.1m 0.01% Added +37.0k +37,000
40 Empowered Funds, LLC 0.11% of their portfolio NEWTOWN SQUARE, PA 86,88786.9k $3.0m $3.0m 0.11% New
41 EA Series Trust 0.11% of their portfolio HAVERTOWN, PA 86,88786.9k $3.0m $3.0m 0.11% First filing
42 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 83,41883.4k $2.9m $2.9m 0.00% Reduced -8.0k -8,038
43 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.01% of their portfolio JUPITER, FL 82,61082.6k $2.9m $2.9m 0.01% Added +41.6k +41,631
44 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 82,20082.2k $2.8m $2.8m 0.01% New
45 Swiss National Bank 0.00% of their portfolio ZURICH, V8 80,92280.9k $2.8m $2.8m 0.00% Added +900 +900
46 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 78,10778.1k $2.7m $2.7m 0.00% Added +17.6k +17,615
47 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 75,63275.6k $2.6m $2.6m 0.00% Added +16.2k +16,166
48 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 72,23172.2k $2.5m $2.5m 0.00% Added +40.5k +40,497
49 Squarepoint Ops LLC 0.01% of their portfolio NEW YORK, NY 71,16871.2k $2.5m $2.5m 0.01% Added +37.5k +37,499
50 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 70,00870.0k $2.4m $2.4m 0.01% Added +23.1k +23,102
51 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 67,77967.8k $2.3m $2.3m 0.00% Reduced -7.7k -7,722
52 Public Sector Pension Investment Board 0.02% of their portfolio MONTREAL, A8 63,01663.0k $2.2m $2.2m 0.02% Added +713 +713
53 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 62,44362.4k $2.2m $2.2m 0.00% Added +20.5k +20,500
54 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 58,29058.3k $2.0m $2.0m 0.00% Added +42.0k +41,969
55 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 57,37357.4k $2.0m $2.0m 0.00% Added +2.8k +2,838
56 Rafferty Asset Management, LLC 0.01% of their portfolio New York, NY 55,48955.5k $1.9m $1.9m 0.01% Added +36.6k +36,551
57 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 54,32654.3k $1.9m $1.9m 0.00% Added +26.0k +25,977
58 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 51,47451.5k $1.8m $1.8m 0.00% New
59 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 51,33451.3k $1.8m $1.8m 0.00% Added +19.1k +19,084
60 PDT Partners, LLC 0.22% of their portfolio New York, NY 46,52146.5k $1.6m $1.6m 0.22% Added +40.3k +40,274
61 Cubist Systematic Strategies, LLC 0.02% of their portfolio STAMFORD, CT 45,09445.1k $1.6m $1.6m 0.02% Added +13.7k +13,696
62 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 43,73743.7k $1.5m $1.5m 0.00% Reduced -2.2k -2,152
63 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio HARRISBURG, PA 40,13040.1k $1.4m $1.4m 0.01% Added +2.6k +2,622
64 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 38,85438.9k $1.3m $1.3m 0.00% New
65 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 36,83636.8k $1.3m $1.3m 0.01% Reduced -2.9k -2,903
66 Numerai GP LLC 0.24% of their portfolio SAN FRANCISCO, CA 34,49634.5k $1.2m $1.2m 0.24% Added +18.4k +18,375
67 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 33,96234.0k $1.2m $1.2m 0.00% Reduced -1.1k -1,144
68 Trexquant Investment LP 0.03% of their portfolio STAMFORD, CT 33,60833.6k $1.2m $1.2m 0.03% New
69 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 31,61031.6k $1.5m $1.5m 0.00% Unchanged
70 CANADA LIFE ASSURANCE Co 0.00% of their portfolio WINNIPEG, A2 31,57131.6k $1.1m $1.1m 0.00% Reduced -2.3k -2,303
71 CONTINENTAL ADVISORS LLC 0.96% of their portfolio Park City, UT 31,41831.4k $1.1m $1.1m 0.96% New
72 TEXAS PERMANENT SCHOOL FUND CORP 0.01% of their portfolio AUSTIN, TX 31,24631.2k $1.1m $1.1m 0.01% Reduced -523 -523
73 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 29,39529.4k $1.0m $1.0m 0.00% Reduced -56.2k -56,209
74 Linscomb Wealth, Inc. 0.05% of their portfolio Houston, TX 27,16027.2k $937.8k $937.8k 0.05% Unchanged
75 HOWARD FINANCIAL SERVICES, LTD. 0.22% of their portfolio DALLAS, TX 27,12027.1k $936.5k $936.5k 0.22% Added +282 +282
76 State of Alaska, Department of Revenue 0.01% of their portfolio JUNEAU, AK 23,35923.4k $806.0k $806.0k 0.01% Reduced -899 -899
77 CORNERCAP INVESTMENT COUNSEL INC 0.13% of their portfolio Atlanta, GA 22,40622.4k $773.7k $773.7k 0.13% Added +83 +83
78 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 21,93621.9k $757.5k $757.5k 0.00% Reduced -6.5k -6,497
79 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 20,16420.2k $696.0k $696.0k 0.00% Added +4.3k +4,311
80 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 20,09220.1k $693.3k $693.3k 0.00% Reduced -17 -17
81 AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio New York, NY 19,40019.4k $669.9k $669.9k 0.00% Reduced -118 -118
82 State of Tennessee, Department of Treasury 0.00% of their portfolio NASHVILLE, TN 19,20819.2k $663.3k $663.3k 0.00% Added +7.2k +7,169
83 YOUSIF CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BLOOMFIELD HILLS, MI 18,95319.0k $654.4k $654.4k 0.01% Reduced -1.1k -1,067
84 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 18,85518.9k $651.1k $651.1k 0.00% Unchanged
85 UBS Group AG 0.00% of their portfolio ZURICH, V8 18,82318.8k $650.0k $650.0k 0.00% Reduced -3.9k -3,858
86 Louisiana State Employees Retirement System 0.01% of their portfolio BATON ROUGE, LA 18,60018.6k $642.3k $642.3k 0.01% Added +2.1k +2,100
87 DARK FOREST CAPITAL MANAGEMENT LP 0.07% of their portfolio NEW YORK, NY 18,58218.6k $641.6k $641.6k 0.07% New
88 SOUTHSTATE PRIVATE CAPITAL MANAGEMENT LLC 0.18% of their portfolio COLUMBIA, SC 18,22718.2k $629.4k $629.4k 0.18% Reduced -5.7k -5,701
89 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 18,19518.2k $629.0k $629.0k 0.00% Added +413 +413
90 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 17,52517.5k $605.1k $605.1k 0.00% Added +6.2k +6,178
91 DOLIVER ADVISORS, LP 0.18% of their portfolio HOUSTON, TX 16,97717.0k $586.2k $586.2k 0.18% Added +2.3k +2,310
92 EMERALD MUTUAL FUND ADVISERS TRUST 0.03% of their portfolio LEOLA, PA 16,94616.9k $585.1k $585.1k 0.03% New
93 Ensign Peak Advisors, Inc 0.00% of their portfolio SALT LAKE CITY, UT 16,56016.6k $571.8k $571.8k 0.00% Unchanged
94 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 16,30016.3k $562.0k $562.0k 0.00% Added +15.4k +15,400
95 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 16,14316.1k $557.4k $557.4k 0.00% Reduced -9.3k -9,290
96 KING LUTHER CAPITAL MANAGEMENT CORP 0.00% of their portfolio FORT WORTH, TX 16,00016.0k $552.5k $552.5k 0.00% Unchanged
97 Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio SEOUL, M5 15,78415.8k $545.0k $545.0k 0.00% Unchanged
98 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 15,48615.5k $534.7k $534.7k 0.00% Reduced -672 -672
99 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 15,39115.4k $531.5k $531.5k 0.00% Added +6.9k +6,936
100 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 14,80014.8k $511.0k $511.0k 0.00% Reduced -4.0k -4,024