Independent Bank Corp.
US ˙ NasdaqGS ˙ US4538361084

SecurityINDB / Independent Bank Corp.
InstitutionSilvercrest Asset Management Group Llc
Latest Disclosed Ownership1,447,301 shares
Ownership 4.20%
Silvercrest Asset Management Group Llc ownership in INDB / Independent Bank Corp.

2020-02-14 - Silvercrest Asset Management Group Llc has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 1,447,301 shares of Independent Bank Corp. (US:INDB). This represents 4.2 percent ownership of the company. In their previous filing dated 2019-02-14 , Silvercrest Asset Management Group Llc had reported owning 1,537,591 shares, indicating a decrease of -5.87 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2020-02-14 2020-02-14 13G/A 1,537,591 1,447,301 -5.87 4.20 -23.64
2019-02-14 2019-02-14 13G/A 1,473,298 1,537,591 4.36 5.50 1.85
2018-02-14 2018-02-14 13G 1,473,298 5.40

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

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 BANK CORP MASS COM COM 453836108 505,674 -86,833 -14.66 38,032 -12.17 0.2748
2026-02-17 2025-12-31 13F INDEPENDENT BANK CORP MASS COM 453836108 592,507 -79,081 -11.78 43,301 -6.79 0.2976
2025-11-14 2025-09-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 671,588 85,486 14.59 46,454 26.04 0.3074
2025-08-14 2025-06-30 13F INDEPENDENT BK CORP MASS COM 453836108 586,102 -38,339 -6.14 36,857 -5.79 0.2476
2025-05-15 2025-03-31 13F INDEPENDENT BANK CORP MASS COM 453836108 624,441 -11,128 -1.75 39,121 -4.11 0.2800
2025-02-14 2024-12-31 13F INDEPENDENT BK CORP MASS COM 453836108 635,569 -50,035 -7.30 40,797 0.64 0.2725
2024-11-14 2024-09-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 685,604 -7,639 -1.10 40,540 15.30 0.2758
2024-08-15 2024-06-30 13F/A-1 INDEPENDENT BANK CORP MASS COM COM 453836108 693,243 -295,165 -29.86 35,161 -31.61 0.2412
2024-08-14 2024-06-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,386,486 398,078 70,323 0.1607
2024-05-15 2024-03-31 13F INDEPENDENT BANK CORP MASS COM COM 453836108 988,408 -532,672 -35.02 51,417 -48.64 0.3479
2024-02-14 2023-12-31 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,521,080 -59,535 -3.77 100,102 29.01 0.7080
2023-11-14 2023-09-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,580,615 136,840 9.48 77,592 20.74 0.5890
2023-08-14 2023-06-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,443,775 20,666 1.45 64,262 -31.19 0.4584
2023-05-15 2023-03-31 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,423,109 -39,463 -2.70 93,384 -24.38 0.7091
2023-02-14 2022-12-31 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,462,572 -41,184 -2.74 123,485 10.18 0.9493
2022-11-14 2022-09-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,503,756 -83,965 -5.29 112,075 -11.13 0.9218
2022-08-15 2022-06-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,587,721 -30,061 -1.86 126,113 -4.57 0.9586
2022-05-16 2022-03-31 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,617,782 24,500 1.54 132,157 2.51 0.8584
2022-02-14 2021-12-31 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,593,282 -39,763 -2.43 128,917 3.67 0.8167
2021-11-15 2021-09-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,633,045 109,187 7.17 124,357 8.09 0.8382
2021-08-16 2021-06-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,523,858 -4,019 -0.26 115,052 -10.56 0.7546
2021-05-17 2021-03-31 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,527,877 -156,289 -9.28 128,632 4.57 0.8685
2021-02-16 2020-12-31 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,684,166 75,308 4.68 123,012 45.97 0.8978
2020-11-16 2020-09-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,608,858 3,344 0.21 84,272 -21.76 0.7230
2020-08-14 2020-06-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,605,514 53,872 3.47 107,714 7.84 0.9554
2020-05-15 2020-03-31 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,551,642 22,643 1.48 99,879 -21.53 1.0711
2020-02-14 2019-12-31 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,528,999 -8,624 -0.56 127,290 10.90 0.9875
2019-11-14 2019-09-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,537,623 -18,576 -1.19 114,784 -3.14 0.9467
2019-08-14 2019-06-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,556,199 -8,571 -0.55 118,505 -6.51 1.1100
2019-05-15 2019-03-31 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,564,770 -59,944 -3.69 126,762 10.97 1.2459
2019-02-14 2018-12-31 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,624,714 -40,136 -2.41 114,233 -16.93 1.2584
2018-11-14 2018-09-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,664,850 19,251 1.17 137,517 6.59 1.2479
2018-08-14 2018-06-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,645,599 53,224 3.34 129,015 13.24 1.2077
2018-05-15 2018-03-31 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,592,375 15,434 0.98 113,935 3.44 1.1106
2018-02-14 2017-12-31 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,576,941 -119,004 -7.02 110,149 -13.00 1.0245
2017-11-14 2017-09-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,695,945 114,373 7.23 126,602 19.17 1.2618
2017-08-14 2017-06-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,581,572 97,902 6.60 106,240 10.16 1.1373
2017-05-15 2017-03-31 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,483,670 116,884 8.55 96,438 0.15 1.0321
2017-02-14 2016-12-31 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,366,786 -256,691 -15.81 96,290 9.76 1.0783
2016-11-14 2016-09-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,623,477 94,175 6.16 87,731 25.53 1.0532
2016-08-15 2016-06-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,529,302 291,110 23.51 69,889 22.81 0.8887
2016-05-16 2016-03-31 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,238,192 32,363 2.68 56,907 1.45 0.7840
2016-02-16 2015-12-31 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,205,829 34,337 2.93 56,095 3.87 0.7770
2015-11-16 2015-09-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,171,492 58,874 5.29 54,006 3.52 0.8220
2015-08-14 2015-06-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,112,618 3,801 0.34 52,171 7.25 0.6971
2015-05-15 2015-03-31 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,108,817 43,625 4.10 48,643 6.67 0.6903
2015-02-17 2014-12-31 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,065,192 -7,462 -0.70 45,601 19.01 0.6611
2014-11-14 2014-09-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,072,654 12,117 1.14 38,316 -5.87 0.5918
2014-08-14 2014-06-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,060,537 37,959 3.71 40,704 1.11 0.6105
2014-05-15 2014-03-31 13F INDEPENDENT BANK CORP MASS COM COM 453836108 1,022,578 97,349 10.52 40,259 11.23 0.6407
2014-02-14 2013-12-31 13F INDEPENDENT BANK CORP MASS COM COM 453836108 925,229 173,118 23.02 36,194 34.80 0.6003
2013-11-14 2013-09-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 752,111 7,385 0.99 26,850 4.50 0.5160
2013-08-14 2013-06-30 13F INDEPENDENT BANK CORP MASS COM COM 453836108 744,726 744,726 25,693 0.5424
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.