Independent Bank Corporation
US ˙ NasdaqGS ˙ US4538386099

SecurityIBCP / Independent Bank Corporation
InstitutionTrexquant Investment LP
Latest Disclosed Ownership11,894 shares
Latest Disclosed Value $ 396,070
Trexquant Investment LP reports 86.07% decrease in ownership of IBCP / Independent Bank Corporation

On May 15, 2026 - Trexquant Investment LP filed a 13F-HR form disclosing ownership of 11,894 shares of Independent Bank Corporation (US:IBCP) valued at $396,070 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 85,364 shares of Independent Bank Corporation. This represents a change in shares of -86.07% during the quarter. The current value of the position is $411,295 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 11,894 -73,470 -86.07 396 -85.73 0.0028
2026-02-17 2025-12-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 85,364 29,838 53.74 2,777 61.49 0.0248
2025-11-14 2025-09-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 55,526 8,279 17.52 1,720 12.28 0.0177
2025-08-12 2025-06-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 47,247 11,790 33.25 1,531 40.33 0.0173
2025-05-14 2025-03-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 35,457 -16,162 -31.31 1,092 -39.29 0.0127
2025-02-12 2024-12-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 51,619 -3,839 -6.92 1,798 -2.81 0.0210
2024-11-12 2024-09-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 55,458 17,951 47.86 1,850 82.71 0.0234
2024-08-13 2024-06-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 37,507 5,525 17.28 1,013 24.94 0.0154
2024-05-14 2024-03-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 31,982 1,023 3.30 811 0.62 0.0162
2024-02-09 2023-12-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 30,959 2,717 9.62 806 55.71 0.0181
2023-11-13 2023-09-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 28,242 -3,318 -10.51 518 -3.36 0.0130
2023-08-11 2023-06-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 31,560 -4,241 -11.85 535 -15.88 0.0140
2023-05-15 2023-03-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 35,801 20,921 140.60 636 79.15 0.0175
2023-02-13 2022-12-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 14,880 14,880 356 0.0101
2022-11-14 2022-09-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 0 -17,197 -100.00 0 -100.00
2022-08-11 2022-06-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 17,197 3,658 27.02 332 11.41 0.0149
2022-05-13 2022-03-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 13,539 -1,831 -11.91 298 -18.80 0.0140
2022-02-14 2021-12-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 15,370 15,370 367 0.0227
2021-11-12 2021-09-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 0 -12,933 -100.00 0 -100.00
2021-08-12 2021-06-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 12,933 12,933 281 0.0237
2021-02-11 2020-12-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 0 -31,254 -100.00 0 -100.00
2020-11-06 2020-09-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 31,254 16,314 109.20 393 77.03 0.0253
2020-08-07 2020-06-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 14,940 -12,412 -45.38 222 -36.93 0.0154
2020-05-08 2020-03-31 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 27,352 27,352 83.08 352 58.56 0.0255
2018-11-09 2018-09-30 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 0 -8,142 -100.00 0 -100.00
2018-08-07 2018-06-30 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 8,142 -7,347 -47.43 208 -41.41 0.0144
2018-05-03 2018-03-31 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 15,489 3,671 31.06 355 34.47 0.0247
2018-02-08 2017-12-31 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 11,818 11,818 264 0.0290
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.