Independent Bank Corp.
US ˙ NasdaqGS ˙ US4538361084

SecurityINDB / Independent Bank Corp.
InstitutionMorgan Stanley
Latest Disclosed Ownership647,601 shares
Latest Disclosed Value $ 48,706,228
Morgan Stanley reports 2.24% decrease in ownership of INDB / Independent Bank Corp.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 647,601 shares of Independent Bank Corp. (US:INDB) valued at $48,706,071 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 662,432 shares of Independent Bank Corp.. This represents a change in shares of -2.24% during the quarter. The current value of the position is $51,532,850 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.

Upgrade to unlock premium data and export to Excel .

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 MASS COM 453836108 647,601 -14,831 -2.24 48,706 0.61 0.0029
2026-05-27 2025-12-31 13F/A-1 INDEPENDENT BK CORP MASS COM 453836108 662,432 37,034 5.92 48,411 11.91 0.0029
2026-02-13 2025-12-31 13F INDEPENDENT BK CORP MASS COM 453836108 662,432 37,034 48,411
2026-05-27 2025-09-30 13F/A-1 INDEPENDENT BK CORP MASS COM 453836108 625,398 16,372 2.69 43,259 12.95 0.0026
2025-11-14 2025-09-30 13F INDEPENDENT BK CORP MASS COM 453836108 625,398 16,372 43,259 0.0026
2025-08-15 2025-06-30 13F INDEPENDENT BK CORP MASS COM 453836108 609,026 44,766 7.93 38,299 8.34 0.0025
2025-05-15 2025-03-31 13F INDEPENDENT BK CORP MASS COM 453836108 564,260 -26,132 -4.43 35,351 -6.72 0.0025
2025-05-15 2024-12-31 13F/A-1 INDEPENDENT BK CORP MASS COM 453836108 590,392 -132,886 -18.37 37,897 -11.39 0.0027
2025-02-14 2024-12-31 13F INDEPENDENT BK CORP MASS COM 453836108 590,392 -132,886 37,897 0.0027
2025-05-14 2024-09-30 13F/A-2 INDEPENDENT BK CORP MASS COM 453836108 723,278 28,878 4.16 42,768 21.43 0.0031
2025-02-14 2024-09-30 13F/A-1 INDEPENDENT BK CORP MASS COM 453836108 723,278 28,878 42,768 0.0031
2024-11-14 2024-09-30 13F INDEPENDENT BK CORP MASS COM 453836108 723,278 28,878 42,768 0.0004
2025-05-14 2024-06-30 13F/A-2 INDEPENDENT BK CORP MASS COM 453836108 694,400 -13,093 -1.85 35,220 -4.30 0.0027
2024-10-17 2024-06-30 13F/A-1 INDEPENDENT BK CORP MASS COM 453836108 694,400 -13,093 35,220 0.0027
2024-08-14 2024-06-30 13F INDEPENDENT BK CORP MASS COM 453836108 694,400 -13,093 35,220 0.0027
2024-10-17 2024-03-31 13F/A-2 INDEPENDENT BK CORP MASS COM 453836108 707,493 155,861 28.25 36,804 1.38 0.0030
2024-08-16 2024-03-31 13F/A-1 INDEPENDENT BK CORP MASS COM 453836108 707,493 155,861 36,804 0.0003
2024-05-15 2024-03-31 13F INDEPENDENT BK CORP MASS COM 453836108 707,493 155,861 36,804 0.0030
2024-08-16 2023-12-31 13F/A-1 INDEPENDENT BK CORP MASS COM 453836108 551,632 -6,079 -1.09 36,303 32.60 0.0032
2024-02-13 2023-12-31 13F INDEPENDENT BK CORP MASS COM 453836108 551,632 -6,079 36,303 0.0032
2023-11-15 2023-09-30 13F INDEPENDENT BK CORP MASS COM 453836108 557,711 58,164 11.64 27,378 23.14 0.0028
2023-08-14 2023-06-30 13F INDEPENDENT BK CORP MASS COM 453836108 499,547 -321,697 -39.17 22,235 -58.74 0.0022
2023-05-15 2023-03-31 13F INDEPENDENT BK CORP MASS COM 453836108 821,244 -140,599 -14.62 53,890 -33.64 0.0058
2023-02-14 2022-12-31 13F INDEPENDENT BK CORP MASS COM 453836108 961,843 688,062 251.32 81,208 297.96 0.0092
2022-11-14 2022-09-30 13F INDEPENDENT BK CORP MASS COM 453836108 273,781 -21,122 -7.16 20,406 -12.89 0.0028
2022-10-27 2022-06-30 13F/A-1 INDEPENDENT BK CORP MASS COM 453836108 294,903 74,251 33.65 23,426 29.96 0.0030
2022-08-15 2022-06-30 13F INDEPENDENT BK CORP MASS COM 453836108 294,903 74,251 23,426 0.0006
2022-10-27 2022-03-31 13F/A-1 INDEPENDENT BK CORP MASS COM 453836108 220,652 -17,424 -7.32 18,025 -7.14 0.0024
2022-05-13 2022-03-31 13F INDEPENDENT BK CORP MASS COM 453836108 220,652 -17,424 18,025 0.0024
2022-02-14 2021-12-31 13F INDEPENDENT BK CORP MASS COM 453836108 238,076 -3,959 -1.64 19,411 5.32 0.0024
2021-11-15 2021-09-30 13F INDEPENDENT BK CORP MASS COM 453836108 242,035 98,711 68.87 18,431 70.34 0.0025
2021-08-23 2021-06-30 13F/A-1 INDEPENDENT BK CORP MASS COM 453836108 143,324 -27,887 -16.29 10,820 -24.93 0.0014
2021-08-16 2021-06-30 13F INDEPENDENT BK CORP MASS COM 453836108 143,324 -27,887 10,820 0.0003
2021-05-17 2021-03-31 13F INDEPENDENT BANK CORP MASS COM 453836108 171,211 46,772 37.59 14,414 58.57 0.0021
2021-02-16 2020-12-31 13F INDEPENDENT BANK CORP MASS COM 453836108 124,439 -24,889 -16.67 9,090 16.21 0.0014
2020-11-13 2020-09-30 13F INDEPENDENT BANK CORP MASS COM 453836108 149,328 43,978 41.74 7,822 10.68 0.0015
2020-08-14 2020-06-30 13F INDEPENDENT BANK CORP MASS COM 453836108 105,350 -12,390 -10.52 7,067 -6.74 0.0016
2020-05-26 2020-03-31 13F/A-1 INDEPENDENT BANK CORP MASS COM 453836108 117,740 -68,845 -36.90 7,578 -51.21 0.0021
2020-05-15 2020-03-31 13F INDEPENDENT BANK CORP MASS COM 453836108 117,740 -68,845 7,578 582.1484
2020-02-14 2019-12-31 13F INDEPENDENT BANK CORP MASS COM 453836108 186,585 59,897 47.28 15,533 64.25 0.0036
2019-11-14 2019-09-30 13F INDEPENDENT BANK CORP MASS COM 453836108 126,688 -38,276 -23.20 9,457 -24.72 0.0025
2019-08-14 2019-06-30 13F INDEPENDENT BANK CORP MASS COM 453836108 164,964 142,817 644.86 12,562 600.22 0.0033
2019-05-15 2019-03-31 13F INDEPENDENT BANK CORP MASS COM 453836108 22,147 -29,197 -56.87 1,794 -50.30 0.0005
2019-02-14 2018-12-31 13F INDEPENDENT BANK CORP MASS COM 453836108 51,344 -14,847 -22.43 3,610 -33.96 0.0011
2019-04-23 2018-09-30 13F/A-2 INDEPENDENT BANK CORP MASS COM 453836108 66,191 2,051 3.20 5,466 8.69 0.0014
2018-11-20 2018-09-30 13F/A-1 INDEPENDENT BANK CORP MASS COM 453836108 66,191 0 5,466 0.0014
2018-11-14 2018-09-30 13F INDEPENDENT BANK CORP MASS COM 453836108 66,191 2,051 5,466
2019-04-23 2018-06-30 13F/A-1 INDEPENDENT BANK CORP MASS COM 453836108 64,140 -5,013 -7.25 5,029 1.64 0.0014
2018-08-14 2018-06-30 13F INDEPENDENT BANK CORP MASS COM 453836108 64,140 -5,013 5,029
2019-04-23 2018-03-31 13F/A-1 INDEPENDENT BANK CORP MASS COM 453836108 69,153 -4,388 -5.97 4,948 -3.68 0.0014
2018-05-14 2018-03-31 13F INDEPENDENT BANK CORP MASS COM 453836108 69,153 -4,388 4,948
2019-04-23 2017-12-31 13F/A-1 INDEPENDENT BANK CORP MASS COM 453836108 73,541 30,707 71.69 5,137 60.68 0.0014
2018-02-14 2017-12-31 13F INDEPENDENT BANK CORP MASS COM 453836108 73,541 30,707 5,137
2017-11-14 2017-09-30 13F INDEPENDENT BANK CORP MASS COM 453836108 42,834 14,258 49.90 3,197 67.82 0.0010
2017-08-11 2017-06-30 13F INDEPENDENT BANK CORP MASS COM 453836108 28,576 -12,929 -31.15 1,905 -29.42 0.0006
2017-05-22 2017-03-31 13F/A-1 INDEPENDENT BANK CORP MASS COM 453836108 41,505 -44,432 -51.70 2,699 -55.42 0.0008
2017-05-12 2017-03-31 13F INDEPENDENT BANK CORP MASS COM 453836108 41,505 2,699
2017-02-22 2016-12-31 13F/A-1 INDEPENDENT BANK CORP MASS COM 453836108 85,937 75,327 709.96 6,054 954.70 0.0020
2017-02-13 2016-12-31 13F INDEPENDENT BANK CORP MASS COM 453836108 85,937 6,054
2016-11-10 2016-09-30 13F INDEPENDENT BANK CORP MASS COM 453836108 10,610 -18,737 -63.85 574 -57.20 0.0002
2016-08-12 2016-06-30 13F INDEPENDENT BANK CORP MASS COM 453836108 29,347 16,676 131.61 1,341 130.41 0.0005
2016-05-12 2016-03-31 13F INDEPENDENT BANK CORP MASS COM 453836108 12,671 -1,571 -11.03 582 -12.08 0.0002
2016-02-09 2015-12-31 13F INDEPENDENT BANK CORP MASS COM 453836108 14,242 -829 -5.50 662 -4.61 0.0002
2016-02-08 2015-09-30 13F/A-1 INDEPENDENT BANK CORP MASS COM 453836108 15,071 3,400 29.13 694 26.64 0.0003
2015-11-09 2015-09-30 13F INDEPENDENT BANK CORP MASS COM 453836108 15,071 694
2015-08-12 2015-06-30 13F INDEPENDENT BANK CORP MASS COM 453836108 11,671 -2,614 -18.30 548 -12.46 0.0002
2015-05-14 2015-03-31 13F INDEPENDENT BANK CORP MASS COM 453836108 14,285 2,536 21.58 626 24.45 0.0002
2015-02-13 2014-12-31 13F INDEPENDENT BANK CORP MASS COM 453836108 11,749 -1,474 -11.15 503 6.34 0.0002
2014-12-16 2014-09-30 13F/A-1 INDEPENDENT BANK CORP MASS COM 453836108 13,223 -1,980 -13.02 473 -20.90 0.0002
2014-11-14 2014-09-30 13F INDEPENDENT BANK CORP MASS COM 453836108 13,223 473
2014-05-13 2014-03-31 13F INDEPENDENT BANK CORP MASS COM 453836108 15,203 -3,246 -17.59 598 -17.06 0.0003
2014-02-13 2013-12-31 13F INDEPENDENT BANK CORP MASS COM 453836108 18,449 3,465 23.12 721 34.51 0.0003
2013-11-13 2013-09-30 13F INDEPENDENT BK CORP MASS COM 453836108 14,984 6,514 76.91 536 83.56 0.0003
2013-08-08 2013-06-30 13F INDEPENDENT BK CORP MASS COM 453836108 8,470 8,470 292 0.0001
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.