Independent Bank Corp.
Independent Bank Corp. (INDB) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · INDB · as of Sep 30, 2025
Ownership Breakdown
307
Institutional Holders
▲ 11 vs Q2
$2.83B
Total Inst. Value
▲ $395.35M vs Q2
48.25M
Shares Outstanding
freeFloat 98.89%
40.94M
13F Shares Held
▲ 2.15M vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
INDB largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
BLACKROCK, INC. state commercial banks | 7.01M | 16.46% | 16.46% | $485.16B | Nov 12, 2025 | ▲ 858.8K |
VANGUARD GROUP INC state commercial banks | 5.94M | 13.94% | 13.94% | $411.13B | Nov 7, 2025 | ▲ 769.1K |
DIMENSIONAL FUND ADVISORS LP state commercial banks | 2.61M | 6.11% | 6.11% | $180.29B | Nov 12, 2025 | ▲ 250.7K |
STATE STREET CORP state commercial banks | 2.56M | 6.00% | 6.00% | $178.27B | Nov 14, 2025 | ▲ 311.9K |
ALLIANCEBERNSTEIN L.P. state commercial banks | 1.71M | 4.00% | 4.00% | $117.99B | Nov 14, 2025 | ▲ 2.6K |
GEODE CAPITAL MANAGEMENT, LLC state commercial banks | 1.21M | 2.84% | 2.84% | $83.86B | Nov 12, 2025 | ▲ 163.1K |
MACQUARIE GROUP LTD state commercial banks | 1.17M | 2.75% | 2.75% | $81.18B | Nov 13, 2025 | ▲ 89.5K |
DEPRINCE RACE & ZOLLO INC state commercial banks | 1.03M | 2.42% | 2.42% | $71.42B | Oct 17, 2025 | ▼ 7.4K |
VERITION FUND MANAGEMENT LLC state commercial banks | 946.0K | 2.22% | 2.22% | $65.44B | Nov 14, 2025 | ▲ 141.9K |
VICTORY CAPITAL MANAGEMENT INC state commercial banks | 858.7K | 2.01% | 2.01% | $59.40B | Nov 12, 2025 | ▼ 47.4K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
35
Increased
+4.17M shares1
New Positions
first time holders14
Decreased
−973.2K shares0
Sold Out
fully exitedNet shares change (top 50)
+3.20M
+4.17M / −973.2K
Net new holders
+22
1 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
INDB insider trading · insider activity
Source: SEC Form 4
Insiders have been primarily selling shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.
14
Buy transactions
0
Sell transactions
0.00
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
LERNER JOSEPH C director | May 18, 2026 | Sale | 2,832 | $77.31 | $219.0K | 16.2K | Form 4 ↗ |
O'DAY SUSAN PERRY director | May 19, 2026 | Award | 842 | — | — | 6.5K | Form 4 ↗ |
MORTON JAMES O'SHANNA director | May 19, 2026 | Award | 842 | — | — | 5.4K | Form 4 ↗ |
LERNER JOSEPH C director | May 19, 2026 | Award | 842 | — | — | 19.0K | Form 4 ↗ |
Abelli Donna L director | May 19, 2026 | Award | 842 | — | — | 14.2K | Form 4 ↗ |
O'Leary Leif director | May 19, 2026 | Award | 842 | — | — | 1.8K | Form 4 ↗ |
ANSIN KEN S director | May 19, 2026 | Award | 842 | — | — | 5.9K | Form 4 ↗ |
Nadeau Gerard F director | May 19, 2026 | Award | 842 | — | — | 22.2K | Form 4 ↗ |
Venables Thomas R director | May 19, 2026 | Award | 842 | — | — | 21.4K | Form 4 ↗ |
Hogan Michael P. director | May 19, 2026 | Award | 842 | — | — | 7.8K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Independent Bank Corp. (INDB) is primarily owned by institutional investors, who hold approximately 84.8% of total shares outstanding. Company insiders own approximately 1.11%, while retail and public investors account for the remaining 14.04%.
The largest institutional shareholder of Independent Bank Corp. is BLACKROCK, INC., holding approximately 7.01 million shares — equal to 16.46% of outstanding shares — as of September 30, 2025.
A total of 307 institutional investors currently hold INDB stock, with a combined institutional value of approximately $2.83 billion as of the most recent 13F filing period.
Frequently asked questions
INDB ownershipIndependent Bank Corp. (INDB) is primarily owned by institutional investors, who hold approximately 84.8% of shares. The largest shareholder is BLACKROCK, INC. with a 16.46% stake. Company insiders hold 1.11%. Data sourced from SEC Form 13F as of September 30, 2025.