DaveManuel.com · Institutional Ownership · Who Owns It
INDEPENDENT BK CORP MASS (INDB)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
354
Reporting holders
$3.4B
Reported value
86.0%
Of shares outstanding
0.0%
Calls
0.0%
Puts
+19
Holder change
Institutions report 40,746,908 shares against 47,369,099 outstanding. Shares only - option lines are excluded, which is why this can be compared with the company at all. The count comes from the cover page of the company's own most recent report, so it is dated when that was filed rather than at quarter end. A figure this high can overstate: where an adviser and a sub-adviser both report the same shares, both are counted.
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| BlackRock, Inc. | $584.3M | 6,979,611 | 0.01% | 8q | -2.3%-$13.6M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $274.0M | 3,273,358 | 0.01% | 2q | -1.0%-$2.7M |
| STATE STREET CORP | $223.2M | 2,645,824 | 0.01% | 31q | +5.8%+$12.2M |
| DIMENSIONAL FUND ADVISORS LP | $220.5M | 2,633,640 | 0.04% | 31q | +2.5%+$5.3M |
| VANGUARD CAPITAL MANAGEMENT LLC | $181.8M | 2,171,265 | 0.00% | 2q | -1.3%-$2.5M |
| GEODE CAPITAL MANAGEMENT, LLC | $120.6M | 1,440,396 | 0.01% | 31q | +14.0%+$14.8M |
| ROCKLAND TRUST CO | $119.5M | 1,427,951 | 4.69% | 31q | -2.9%-$3.6M |
| ALLIANCEBERNSTEIN L.P. | $88.7M | 1,179,183 | 0.03% | 31q | -19.0%-$20.8M |
| Channing Capital Management, LLC | $79.8M | 953,435 | 1.84% | 2q | +1.5%+$1.2M |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $76.8M | 917,172 | 0.12% | 3q | HELD |
| CITADEL ADVISORS LLC | $61.4M | 733,718 | 0.01% | 10q | -25.5%-$21.1M |
| MORGAN STANLEY | $59.8M | 714,013 | 0.00% | 35q | +10.3%+$5.6M |
| REINHART PARTNERS, LLC. | $55.1M | 657,871 | 1.26% | 5q | +1.3%+$717.9K |
| Verition Fund Management LLC | $52.5M | 627,376 | 0.27% | 9q | -10.5%-$6.1M |
| NORGES BANK | $51.6M | 616,226 | 0.01% | 32q | -2.3%-$1.2M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $49.6M | 592,448 | 0.01% | 31q | -1.3%-$646.6K |
| NORTHERN TRUST CORP | $46.6M | 556,997 | 0.01% | 31q | +4.4%+$2.0M |
| BANK OF AMERICA CORP /DE/ | $44.6M | 533,209 | 0.00% | 31q | -10.0%-$5.0M |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $44.5M | 531,514 | 0.04% | 21q | -0.6%-$287.9K |
| GOLDMAN SACHS GROUP INC | $41.9M | 500,477 | 0.00% | 31q | -8.5%-$3.9M |
| Bank of New York Mellon Corp | $41.3M | 492,923 | 0.01% | 31q | +0.7%+$274.1K |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | $39.3M | 469,098 | 0.26% | 31q | -7.2%-$3.1M |
| NFJ INVESTMENT GROUP, LLC | $35.3M | 421,384 | 1.19% | 11q | -6.7%-$2.5M |
| DEPRINCE RACE & ZOLLO INC | $31.8M | 379,723 | 0.53% | 8q | -63.4%-$55.0M |
| GW&K Investment Management, LLC | $28.9M | 345,765 | 0.23% | 29q | +16.4%+$4.1M |
| BESSEMER GROUP INC | $27.9M | 333,192 | 0.04% | 14q | +7255.2%+$27.5M |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $27.3M | 326,056 | 0.02% | 31q | HELD |
| VANGUARD FIDUCIARY TRUST CO | $26.9M | 321,764 | 0.01% | 2q | HELD |
| NEW YORK STATE COMMON RETIREMENT FUND | $24.7M | 295,399 | 0.03% | 31q | -13.3%-$3.8M |
| Leeward Investments, LLC - MA | $21.8M | 260,345 | 0.99% | 15q | -2.2%-$479.5K |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $21.1M | 252,173 | 0.01% | 2q | +1880.3%+$20.0M |
| VICTORY CAPITAL MANAGEMENT INC | $20.4M | 243,160 | 0.01% | 31q | +16.7%+$2.9M |
| PRINCIPAL FINANCIAL GROUP INC | $19.6M | 233,580 | 0.01% | 31q | -3.1%-$617.5K |
| Bridgewater Associates, LP | $16.8M | 200,771 | 0.07% | 4q | -2.2%-$378.9K |
| Invesco Ltd. | $16.7M | 199,371 | 0.00% | 31q | +12.0%+$1.8M |
| Public Sector Pension Investment Board | $13.9M | 166,042 | 0.04% | 31q | -6.4%-$946.6K |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $13.4M | 160,624 | 0.02% | 3q | +21.9%+$2.4M |
| SG Americas Securities, LLC | $12.7M | 151,545 | 0.01% | 3q | -14.9%-$2.2M |
| UBS Group AG | $12.1M | 144,721 | 0.00% | 31q | +15.2%+$1.6M |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. | $11.5M | 137,646 | 0.46% | 6q | HELD |
| Russell Investments Group, Ltd. | $11.4M | 136,208 | 0.01% | 19q | -38.5%-$7.1M |
| PRUDENTIAL FINANCIAL INC | $10.8M | 129,563 | 0.01% | 31q | -10.2%-$1.2M |
| RAYMOND JAMES FINANCIAL INC | $10.4M | 124,040 | 0.00% | 7q | +93.0%+$5.0M |
| RHUMBLINE ADVISERS | $10.3M | 122,920 | 0.01% | 31q | -10.9%-$1.3M |
| Nuveen, LLC | $10.1M | 120,391 | 0.00% | 6q | +6.9%+$647.1K |
| Moody Aldrich Partners LLC | $9.6M | 114,219 | 1.72% | 31q | -20.7%-$2.5M |
| Legal & General Group Plc | $9.4M | 112,026 | 0.00% | 31q | -0.9%-$89.9K |
| CIBC WORLD MARKET INC. | $8.4M | 100,522 | 0.01% | 4q | +8.5%+$656.4K |
| Fisher Asset Management, LLC | $8.3M | 98,830 | 0.00% | 31q | HELD |
| COMMONWEALTH EQUITY SERVICES, LLC | $8.3M | 98,821 | 0.01% | 31q | -0.5%-$43.0K |
| Swiss National Bank | $8.2M | 97,378 | 0.00% | 31q | -0.6%-$50.2K |
| AMERICAN CENTURY COMPANIES INC | $8.0M | 96,081 | 0.00% | 21q | +30.3%+$1.9M |
| JPMORGAN CHASE & CO | $7.5M | 87,667 | 0.00% | 31q | +29.4%+$1.7M |
| AMERIPRISE FINANCIAL INC | $7.4M | 88,775 | 0.00% | 31q | -4.6%-$356.6K |
| ProShare Advisors LLC | $7.4M | 88,493 | 0.01% | 25q | +0.5%+$40.2K |
| Edgestream Partners, L.P. | $7.3M | 86,698 | 0.22% | new | NEW |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $7.2M | 86,411 | 0.00% | 31q | -16.3%-$1.4M |
| MALTESE CAPITAL MANAGEMENT LLC | $7.1M | 85,000 | 1.30% | 7q | +21.5%+$1.3M |
| HSBC HOLDINGS PLC | $7.0M | 83,191 | 0.00% | new | NEW |
| FOSTER DYKEMA CABOT & PARTNERS, LLC | $6.9M | 82,067 | 0.40% | 4q | HELD |
| California Public Employees Retirement System | $6.8M | 80,704 | 0.00% | 18q | -10.3%-$773.8K |
| Crestwood Advisors Group, LLC | $6.7M | 80,524 | 0.10% | 12q | HELD |
| AQR CAPITAL MANAGEMENT LLC | $6.2M | 73,806 | 0.00% | 12q | +14.7%+$791.9K |
| Cerity Partners LLC | $5.5M | 65,348 | 0.01% | 10q | -5.4%-$309.3K |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $5.5M incl. $1.5M options PUT | 46,823 | 0.00% | 29q | +18.5%+$852.3K |
| ZACKS INVESTMENT MANAGEMENT | $5.4M | 64,142 | 0.04% | 4q | +10.4%+$506.9K |
| FRANKLIN RESOURCES INC | $5.3M | 63,882 | 0.00% | 8q | -10.7%-$638.4K |
| PRICE T ROWE ASSOCIATES INC /MD/ | $5.3M | 63,582 | 0.00% | 31q | +15.4%+$711.8K |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $4.6M | 55,150 | 0.09% | 3q | +288.0%+$3.4M |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $4.6M | 54,980 | 0.00% | 31q | -2.9%-$136.7K |
| STATE OF WISCONSIN INVESTMENT BOARD | $4.4M | 52,328 | 0.01% | 24q | HELD |
| RENAISSANCE TECHNOLOGIES LLC | $4.3M | 51,361 | 0.01% | new | NEW |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $4.3M | 51,316 | 0.01% | 6q | +18.3%+$665.7K |
| CITIGROUP INC | $4.3M | 51,005 | 0.00% | 31q | +28.6%+$949.1K |
| DEUTSCHE BANK AG\ | $4.3M | 50,988 | 0.00% | 34q | +15.8%+$582.8K |
| TUDOR INVESTMENT CORP ET AL | $4.2M | 50,616 | 0.01% | 2q | -1.8%-$75.7K |
| HOWLAND CAPITAL MANAGEMENT LLC | $4.2M | 49,800 | 0.15% | 9q | HELD |
| BROWN ADVISORY INC | $4.1M | 49,022 | 0.01% | 9q | HELD |
| SEI INVESTMENTS CO | $4.0M | 47,423 | 0.00% | 31q | -45.3%-$3.3M |
| CANADA LIFE ASSURANCE Co | $3.9M | 47,168 | 0.01% | 27q | -5.0%-$206.0K |
| World Investment Advisors | $3.9M | 52,329 | 0.07% | 10q | HELD |
| TWO SIGMA INVESTMENTS, LP | $3.9M | 46,190 | 0.00% | 2q | -29.0%-$1.6M |
| WELLS FARGO & COMPANY/MN | $3.7M | 44,515 | 0.00% | 31q | +116.9%+$2.0M |
| VANGUARD ASSET MANAGEMENT, Ltd | $3.7M | 44,461 | 0.00% | 2q | HELD |
| Siena Capital Partners GP, LLC | $3.5M | 42,370 | 0.86% | 9q | HELD |
| ISTHMUS PARTNERS, LLC | $3.5M | 42,060 | 0.34% | 29q | HELD |
| XTX Topco Ltd | $3.5M | 41,953 | 0.05% | 3q | +46.3%+$1.1M |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $3.4M | 41,015 | 0.01% | 8q | +0.7%+$25.1K |
| FIRST TRUST ADVISORS LP | $3.4M | 40,738 | 0.00% | 31q | -89.2%-$28.2M |
| WHITE PINE CAPITAL LLC | $3.2M | 38,160 | 0.75% | 4q | -32.1%-$1.5M |
| ENVESTNET ASSET MANAGEMENT INC | $3.2M | 37,916 | 0.00% | 22q | HELD |
| Pathstone Holdings, LLC | $3.1M | 37,572 | 0.01% | 11q | -7.4%-$252.2K |
| GHP Investment Advisors, Inc. | $3.0M | 36,112 | 0.11% | 31q | +1.0%+$29.2K |
| CAPTRUST FINANCIAL ADVISORS | $3.0M | 36,062 | 0.00% | 27q | +1.2%+$36.9K |
| Polaris Capital Management, LLC | $3.0M | 35,239 | 0.28% | 29q | +8.6%+$234.4K |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM | $2.9M | 35,169 | 0.01% | 31q | -1.4%-$43.1K |
| Moors & Cabot, Inc. | $2.9M | 34,369 | 0.11% | 31q | -1.4%-$41.9K |
| HENNESSY ADVISORS INC | $2.8M | 34,000 | 0.09% | 31q | HELD |
| Thrivent Financial for Lutherans | $2.7M | 32,132 | 0.00% | 31q | -4.1%-$113.6K |
| HARBOR CAPITAL ADVISORS, INC. | $2.6M | 30,537 | 0.17% | 8q | +2.5%+$63.1K |
Showing the largest 100 of 354 reported holders.
What the insiders did
Open market purchases and sales reported on Form 4 in the last 180 days. Grants, option exercises and shares surrendered to cover tax are left out: they are compensation rather than a decision to buy or sell. Where a broker filled one order in tranches the lines are summed, because it was one decision.
Officers and directors
| Date | Insider | Role | Side | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-03 | Nadeau Gerard F | Director | Sold | 5,307 | $449.5K |
| 2026-08-25 | Venables Thomas R | Director | Sold | 3,750 | $311.2K |
| 2026-05-18 | LERNER JOSEPH C | Director | Sold | 2,832 | $219.0K |
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 96 | $250.4M | 3,224,027 | 8 | 26 | 25 | 0.0% |
| Q2 2026 | 354 | $3.4B | 40,746,908 | 50 | 110 | 108 | 0.0% |
| Q1 2026 | 335 | $3.1B | 41,240,715 | 35 | 103 | 112 | 0.0% |
| Q4 2025 | 321 | $3.1B | 42,087,677 | 26 | 108 | 106 | 0.0% |
| Q3 2025 | 308 | $2.9B | 41,196,767 | 43 | 134 | 63 | 0.0% |
| Q2 2025 | 296 | $2.4B | 38,774,771 | 34 | 104 | 87 | 0.0% |
| Q1 2025 | 288 | $2.3B | 37,141,276 | 30 | 97 | 92 | 0.0% |
| Q4 2024 | 288 | $2.3B | 35,541,049 | 23 | 88 | 102 | 0.0% |
| Q3 2024 | 294 | $2.1B | 34,772,348 | 39 | 92 | 105 | 0.0% |
| Q2 2024 | 280 | $1.8B | 34,906,453 | 36 | 89 | 99 | 0.0% |
| Q1 2024 | 275 | $1.9B | 36,113,372 | 38 | 77 | 100 | 0.0% |
| Q4 2023 | 259 | $2.4B | 36,124,415 | 22 | 70 | 102 | 0.0% |
| Q3 2023 | 255 | $1.8B | 36,123,833 | 37 | 83 | 78 | 0.0% |
| Q2 2023 | 248 | $1.6B | 35,922,706 | 30 | 84 | 74 | 0.0% |
| Q1 2023 | 265 | $2.4B | 36,119,056 | 29 | 79 | 89 | 0.0% |
| Q4 2022 | 272 | $3.2B | 37,649,762 | 31 | 69 | 88 | 0.0% |
| Q3 2022 | 248 | $10.3B | 137,884,366 | 22 | 64 | 95 | 0.0% |
| Q2 2022 | 242 | $12.1B | 152,411,947 | 26 | 66 | 79 | 0.0% |
| Q1 2022 | 239 | $5.3B | 64,519,107 | 14 | 71 | 70 | 0.0% |
| Q4 2021 | 252 | $6.0B | 73,803,933 | 56 | 111 | 31 | 0.0% |
| Q3 2021 | 203 | $3.0B | 39,626,242 | 16 | 58 | 64 | 0.0% |
| Q2 2021 | 206 | $2.9B | 38,864,866 | 27 | 71 | 48 | 0.0% |
| Q1 2021 | 199 | $3.1B | 36,584,251 | 22 | 54 | 66 | 0.0% |
| Q4 2020 | 192 | $2.8B | 38,533,655 | 24 | 61 | 55 | 0.1% |
| Q3 2020 | 189 | $2.0B | 37,706,912 | 24 | 48 | 64 | 0.0% |
| Q2 2020 | 197 | $2.6B | 38,603,764 | 25 | 54 | 73 | 0.0% |
| Q1 2020 | 187 | $3.5B | 54,310,755 | 12 | 65 | 62 | 0.0% |
| Q4 2019 | 216 | $3.2B | 38,727,147 | 27 | 62 | 65 | 0.0% |
| Q3 2019 | 200 | $2.9B | 38,607,480 | 12 | 66 | 61 | 0.0% |
| Q2 2019 | 211 | $3.0B | 39,505,804 | 41 | 90 | 34 | 0.0% |
| Q1 2019 | 193 | $2.7B | 33,548,395 | 28 | 80 | 44 | 0.0% |
| Q4 2018 | 191 | $2.3B | 32,531,514 | 3 | 2 | 4 | 0.0% |