Independent Bank Corp. (INDB) Ownership
INDB ownership summary
as of October 18, 2026- Institutions
- 87.2% of shares outstanding
- Insiders
- 1.65% of shares outstanding
- Shares outstanding
- 47.4M
- Float
- 46.3M shares available to trade
- Short interest
- 6.05% 2.1M shares short
- Days to cover
- 6.05 short interest down 3.7% vs prior month
- Institutions 87.20%
- Insiders 1.65%
- Other investors 11.15%
INDB top institutional holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | BlackRock Inc | 14.68% | 7.0M | $557.5M | −162,714 (−2.3%) | June 30, 2026 |
| 2 | Vanguard Portfolio Management, LLC | 6.88% | 3.3M | $261.5M | −31,755 (−1.0%) | June 30, 2026 |
| 3 | State Street Corp | 5.56% | 2.6M | $211.3M | +144,561 (+5.8%) | June 30, 2026 |
| 4 | Dimensional Fund Advisors, Inc. | 5.54% | 2.6M | $210.4M | +63,714 (+2.5%) | June 30, 2026 |
| 5 | Vanguard Capital Management, LLC | 4.57% | 2.2M | $173.4M | −29,580 (−1.3%) | June 30, 2026 |
| 6 | Geode Capital Management, LLC | 3.03% | 1.4M | $115.1M | +176,807 (+14.0%) | June 30, 2026 |
| 7 | Rockland Trust Co | 3.00% | 1.4M | $114.1M | −42,487 (−2.9%) | June 30, 2026 |
| 8 | AllianceBernstein L.P. | 2.48% | 1.2M | $94.2M | −276,659 (−19.0%) | June 30, 2026 |
| 9 | Channing Capital Management, LLC | 2.01% | 953K | $76.2M | +13,768 (+1.5%) | June 30, 2026 |
| 10 | Delaware Management Holdings Inc | 1.93% | 917K | $73.3M | −4,566 (−0.5%) | June 30, 2026 |
| 11 | Citadel Advisors Llc | 1.54% | 734K | $58.6M | −251,719 (−25.5%) | June 30, 2026 |
| 12 | Morgan Stanley - Brokerage Accounts | 1.50% | 714K | $57.0M | +66,412 (+10.3%) | June 30, 2026 |
| 13 | Reinhart Mahoney Capital Management Inc | 1.38% | 658K | $52.6M | +8,575 (+1.3%) | June 30, 2026 |
| 14 | Verition Fund Managegment, LLC | 1.32% | 627K | $50.1M | −73,391 (−10.5%) | June 30, 2026 |
| 15 | NORGES BANK | 1.30% | 616K | $49.2M | −14,819 (−2.3%) | June 30, 2026 |
| 16 | Charles Schwab Investment Management Inc | 1.25% | 592K | $47.3M | −7,723 (−1.3%) | June 30, 2026 |
| 17 | Northern Trust Corp | 1.17% | 557K | $44.5M | +23,478 (+4.4%) | June 30, 2026 |
| 18 | Bank of America Corp | 1.12% | 533K | $42.6M | −59,456 (−10.0%) | June 30, 2026 |
| 19 | BNP Paribas Investment Partners SA | 1.12% | 532K | $42.5M | −3,439 (−0.6%) | June 30, 2026 |
| 20 | The Goldman Sachs Group Inc | 1.05% | 500K | $40.0M | −46,386 (−8.5%) | June 30, 2026 |
Value at the latest close. Change = shares bought or sold in the latest quarterly filing (13F). In the top 20, 7 holders added 497K shares and 13 cut 1.0M.
INDB top mutual fund and ETF holders
20 largest| # | Holder | % of shares | Shares | Value | Change | Reported |
|---|---|---|---|---|---|---|
| 1 | iShares Core S&P Small-Cap ETF | 5.96% | 2.8M | $226.5M | — | September 30, 2026 |
| 2 | Vanguard MStar Total Stk Mkt Idx Invest | 3.24% | 1.5M | $123.0M | −2,395 (−0.2%) | August 31, 2026 |
| 3 | iShares Russell 2000 ETF | 2.51% | 1.2M | $95.2M | — | September 30, 2026 |
| 4 | Vanguard Small Cap Index | 2.34% | 1.1M | $88.8M | +220 (+0.0%) | August 31, 2026 |
| 5 | Nomura Small Cap Core I | 1.54% | 731K | $58.4M | — | August 31, 2026 |
| 6 | Vanguard MStar Small Cap Value Index | 1.49% | 706K | $56.4M | +550 (+0.1%) | August 31, 2026 |
| 7 | DFA US Small Cap Value I | 1.31% | 621K | $49.6M | +2,239 (+0.4%) | August 31, 2026 |
| 8 | Fidelity Small Cap Index | 1.13% | 537K | $42.9M | +4,412 (+0.8%) | July 31, 2026 |
| 9 | BNP Paribas US Small Cap ClassicC | 1.01% | 479K | $38.2M | −917 (−0.2%) | August 31, 2026 |
| 10 | State Street® SPDR® S&PRgnllBkgETF | 0.97% | 461K | $36.9M | +13,760 (+3.1%) | September 30, 2026 |
| 11 | iShares Russell 2000 Value ETF | 0.95% | 453K | $36.1M | — | September 30, 2026 |
| 12 | State Street SPDR Port S&P 600 Sm CpETF | 0.91% | 431K | $34.4M | — | September 30, 2026 |
| 13 | DFA US Targeted Value I | 0.67% | 319K | $25.5M | — | August 31, 2026 |
| 14 | Vanguard Tax-Managed Small Cap Adm | 0.60% | 287K | $22.9M | — | August 31, 2026 |
| 15 | Vanguard Russell 2000 ETF | 0.59% | 282K | $22.5M | +6,626 (+2.4%) | August 31, 2026 |
| 16 | Vanguard Dividend Appreciation ETF | 0.58% | 274K | $21.9M | +108 (+0.0%) | August 31, 2026 |
| 17 | Dimensional US Small Cap Value ETF | 0.56% | 267K | $21.3M | +106 (+0.0%) | September 24, 2026 |
| 18 | Schwab US Small-Cap ETF™ | 0.52% | 249K | $19.9M | +162 (+0.1%) | September 30, 2026 |
| 19 | Dimensional US Targeted Value ETF | 0.51% | 243K | $19.4M | +39 (+0.0%) | September 30, 2026 |
| 20 | Fidelity Extended Market Index | 0.49% | 235K | $18.8M | −2,480 (−1.0%) | August 31, 2026 |
Funds report holdings monthly or quarterly; dates differ by fund.
INDB insider transactions
latest 6| Date | Name | Transaction | Price | Shares | Value |
|---|---|---|---|---|---|
| 2026-02-06 | John J Morrissey | Sell | $85.70 | 1,988 | $170,372 |
| 2026-02-04 | Donna L Abelli | Sell | $85.00 | 524 | $44,540 |
| 2025-12-05 | Thomas R Venables | Sell | $73.93 | 405 | $29,942 |
| 2025-11-21 | Gerard F Nadeau | Sell | $70.00 | 3,000 | $210,000 |
| 2025-11-14 | Ken S Ansin | Sell | $69.06 | 53,000 | $3.7M |
| 2025-11-10 | Ken S Ansin | Sell | $69.94 | 144,000 | $10.1M |
Reported trades by company officers, directors and other filers (including disclosures by members of Congress where EODHD lists them). "—" where the filing gives no share count.
INDB shares outstanding
Year-end shares outstanding, adjusted for splits.
Who owns INDB
Institutional investors own 87.2% of Independent Bank's shares and insiders 1.65%. The largest holder is BlackRock Inc with 14.68% of the shares (7.0M), as of June 30, 2026. Among the top 20 institutions, 7 added shares and 13 reduced their stake in the latest filings. Short interest is 6.05% of the float, or 6.05 days of average trading volume. The share count rose 105.7% since 2014.
Related: INDB analyst forecast, INDB key metrics, INDB dividend history. See the INDB stock overview for the latest quote and news.
INDB ownership FAQ
Who owns the most Independent Bank stock?
The largest shareholders of Independent Bank are BlackRock Inc (14.68%), Vanguard Portfolio Management, LLC (6.88%), State Street Corp (5.56%), Dimensional Fund Advisors, Inc. (5.54%), Vanguard Capital Management, LLC (4.57%).
What percentage of Independent Bank is owned by institutions?
Institutions hold 87.2% of Independent Bank's shares outstanding; insiders hold 1.65%.
Which funds own Independent Bank?
The largest fund holders of Independent Bank are iShares Core S&P Small-Cap ETF (5.96%), Vanguard MStar Total Stk Mkt Idx Invest (3.24%), iShares Russell 2000 ETF (2.51%), Vanguard Small Cap Index (2.34%), Nomura Small Cap Core I (1.54%).
What is Independent Bank's short interest?
2.1M shares of Independent Bank were sold short, 6.05% of the float; at the average daily volume it would take 6.05 days to cover.
Are insiders buying or selling Independent Bank?
Of the latest 6 reported insider transactions in Independent Bank (since November 10, 2025), 0 were purchases and 6 were sales.
How many shares of Independent Bank are outstanding?
Independent Bank has 47.4M shares outstanding, of which 46.3M are in the public float.