Independent Bank Corporation (IBCP)

Highly Crowded

Held by 164 of 5,944 reporting institutions (90th percentile) — extremely crowded.

Data as of Q1 2026

Institutional Ownership

83.61%

QoQ Change

N/A

Total Value

$528.9B

Shares Outstanding

20.6M

Crowding AnalysisHighly Crowded

Holders164of 5,944

Avg: 68

Uncrowded90th percentileCrowded

Institutional Activity

Buy/Sell Ratio1.22x

76th percentile

93 buying76 selling

+26

New

-30

Closed

+447K

Net shares

Holding Period Distribution

estimate

Median: 4 QAvg: 4 QHolders: 164

Ownership Concentration

Top 5: 35.4%Top 10: 52.3%

BlackRock,16.8%

VANGUARD CAPITAL MANAGEMENT5.3%

DIMENSIONAL FUND ADVISORS5.0%

AMERICAN CENTURY COMPANIES4.1%

STATE STREET4.1%

Others (159)64.7%

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Conviction-Weighted Ownership

Median weight: 0.00%Avg weight: 0.01%Max: 0.03%High conviction (>1%): 0

BlackRock,

VANGUARD CAPITAL MANAGEMENT

DIMENSIONAL FUND ADVISORS

AMERICAN CENTURY COMPANIES

STATE STREET

CHARLES SCHWAB INVESTMENT MANAGEMENT

ACADIAN ASSET MANAGEMENT

RENAISSANCE TECHNOLOGIES

FMR

GOLDMAN SACHS GROUP

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Whale Moves Timeline (8 Quarters)

Biggest dollar-value position changes among top 10 holders

NEWVANGUARD CAPITAL MANAGEMENT$30M905K shr

NEWCHARLES SCHWAB INVESTMENT MANAGEMENT$21M623K shr

NEWGOLDMAN SACHS GROUP$18M543K shr

SOLDFMR$13M376K shr

SOLDBlackRock$2M66K shr

NEWLSV ASSET MANAGEMENT$13.3B408K shr

BOUGHTACADIAN ASSET MANAGEMENT$492M15K shr

SOLDBlackRock$1M45K shr

BOUGHTAMERICAN CENTURY COMPANIES$929K29K shr

BOUGHTSTATE STREET$928K29K shr

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Institutional Trends (8 Quarters)

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Institutional Holders

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