Independent Bank Corporation
US ˙ NasdaqGS ˙ US4538386099

SecurityIBCP / Independent Bank Corporation
InstitutionMorgan Stanley
Latest Disclosed Ownership186,081 shares
Latest Disclosed Value $ 6,196,531
Morgan Stanley reports 2.93% increase in ownership of IBCP / Independent Bank Corporation

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 186,081 shares of Independent Bank Corporation (US:IBCP) valued at $6,196,497 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 180,786 shares of Independent Bank Corporation. This represents a change in shares of 2.93% during the quarter. The current value of the position is $6,434,681 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 186,081 5,295 2.93 6,197 5.37 0.0004
2026-05-27 2025-12-31 13F/A-1 INDEPENDENT BK CORP MICH COM NEW 453838609 180,786 24,012 15.32 5,881 21.09 0.0004
2026-02-13 2025-12-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 180,786 24,012 5,881
2026-05-27 2025-09-30 13F/A-1 INDEPENDENT BK CORP MICH COM NEW 453838609 156,774 -3,907 -2.43 4,856 -6.74 0.0003
2025-11-14 2025-09-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 156,774 -3,907 4,856 0.0003
2025-08-15 2025-06-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 160,681 -1,076 -0.67 5,208 4.56 0.0003
2025-05-15 2025-03-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 161,757 13,583 9.17 4,981 -3.49 0.0004
2025-05-15 2024-12-31 13F/A-1 INDEPENDENT BK CORP MICH COM NEW 453838609 148,174 -23,667 -13.77 5,161 -9.95 0.0004
2025-02-14 2024-12-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 148,174 -23,667 5,161 0.0004
2025-05-14 2024-09-30 13F/A-2 INDEPENDENT BK CORP MICH COM NEW 453838609 171,841 7,222 4.39 5,731 28.94 0.0004
2025-02-14 2024-09-30 13F/A-1 INDEPENDENT BK CORP MICH COM NEW 453838609 171,841 7,222 5,731 0.0004
2024-11-14 2024-09-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 171,841 7,222 5,731 0.0000
2025-05-14 2024-06-30 13F/A-2 INDEPENDENT BK CORP MICH COM NEW 453838609 164,619 -39,087 -19.19 4,445 -13.93 0.0003
2024-10-17 2024-06-30 13F/A-1 INDEPENDENT BK CORP MICH COM NEW 453838609 164,619 -39,087 4,445 0.0003
2024-08-14 2024-06-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 164,619 -39,087 4,445 0.0003
2024-10-17 2024-03-31 13F/A-2 INDEPENDENT BK CORP MICH COM NEW 453838609 203,706 -20,196 -9.02 5,164 -11.36 0.0004
2024-08-16 2024-03-31 13F/A-1 INDEPENDENT BK CORP MICH COM NEW 453838609 203,706 -20,196 5,164 0.0000
2024-05-15 2024-03-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 203,706 -20,196 5,164 0.0004
2024-08-16 2023-12-31 13F/A-1 INDEPENDENT BK CORP MICH COM NEW 453838609 223,902 112,036 100.15 5,826 184.01 0.0005
2024-02-13 2023-12-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 223,902 112,036 5,826 0.0005
2023-11-15 2023-09-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 111,866 -6,373 -5.39 2,052 2.29 0.0002
2023-08-14 2023-06-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 118,239 -11,972 -9.19 2,005 -13.32 0.0002
2023-05-15 2023-03-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 130,211 -67,965 -34.30 2,314 -51.20 0.0002
2023-02-14 2022-12-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 198,176 -10,419 -4.99 4,740 19.01 0.0005
2022-11-14 2022-09-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 208,595 -9,583 -4.39 3,983 -5.28 0.0005
2022-10-27 2022-06-30 13F/A-1 INDEPENDENT BK CORP MICH COM NEW 453838609 218,178 86,955 66.27 4,205 45.65 0.0005
2022-08-15 2022-06-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 218,178 86,955 4,205 0.0001
2022-10-27 2022-03-31 13F/A-1 INDEPENDENT BK CORP MICH COM NEW 453838609 131,223 -15,444 -10.53 2,887 -17.54 0.0004
2022-05-13 2022-03-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 131,223 -15,444 2,887 0.0004
2022-02-14 2021-12-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 146,667 28,890 24.53 3,501 38.38 0.0004
2021-11-15 2021-09-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 117,777 -53,512 -31.24 2,530 -31.97 0.0003
2021-08-23 2021-06-30 13F/A-1 INDEPENDENT BK CORP MICH COM NEW 453838609 171,289 78,873 85.35 3,719 70.28 0.0005
2021-08-16 2021-06-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 171,289 78,873 3,719 0.0001
2021-05-17 2021-03-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 92,416 -27,818 -23.14 2,184 -1.67 0.0003
2021-02-16 2020-12-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 120,234 82,635 219.78 2,221 369.56 0.0003
2020-11-13 2020-09-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 37,599 25,551 212.08 473 165.73 0.0001
2020-08-14 2020-06-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 12,048 -20,429 -62.90 178 -57.42 0.0000
2020-05-26 2020-03-31 13F/A-1 INDEPENDENT BANK CORP MICH COM NEW 453838609 32,477 -63,569 -66.19 418 -80.79 0.0001
2020-05-15 2020-03-31 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 32,477 -63,569 418 32.1111
2020-02-14 2019-12-31 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 96,046 67,244 233.47 2,176 254.40 0.0005
2019-11-14 2019-09-30 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 28,802 8,570 42.36 614 39.23 0.0002
2019-08-14 2019-06-30 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 20,232 8,442 71.60 441 73.62 0.0001
2019-05-15 2019-03-31 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 11,790 -29,465 -71.42 254 -70.74 0.0001
2019-02-14 2018-12-31 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 41,255 -296,909 -87.80 868 -89.15 0.0003
2019-04-23 2018-09-30 13F/A-2 INDEPENDENT BANK CORP MICH COM NEW 453838609 338,164 175,671 108.11 7,997 93.02 0.0020
2018-11-20 2018-09-30 13F/A-1 INDEPENDENT BANK CORP MICH COM NEW 453838609 338,164 0 7,997 0.0020
2018-11-14 2018-09-30 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 338,164 175,671 7,997
2019-04-23 2018-06-30 13F/A-1 INDEPENDENT BANK CORP MICH COM NEW 453838609 162,493 -46,730 -22.34 4,143 -13.54 0.0011
2018-08-14 2018-06-30 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 162,493 -46,730 4,143
2019-04-23 2018-03-31 13F/A-1 INDEPENDENT BANK CORP MICH COM NEW 453838609 209,223 -195,720 -48.33 4,792 -47.04 0.0013
2018-05-14 2018-03-31 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 209,223 -195,720 4,792
2019-04-23 2017-12-31 13F/A-1 INDEPENDENT BANK CORP MICH COM NEW 453838609 404,943 215,734 114.02 9,049 111.18 0.0025
2018-02-14 2017-12-31 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 404,943 215,734 9,049
2017-11-14 2017-09-30 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 189,209 -19,925 -9.53 4,285 -5.80 0.0013
2017-08-11 2017-06-30 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 209,134 -468 -0.22 4,549 4.86 0.0014
2017-05-22 2017-03-31 13F/A-1 INDEPENDENT BANK CORP MICH COM NEW 453838609 209,602 -20,636 -8.96 4,338 -13.17 0.0013
2017-05-12 2017-03-31 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 209,602 4,338
2017-02-22 2016-12-31 13F/A-1 INDEPENDENT BANK CORP MICH COM NEW 453838609 230,238 98,742 75.09 4,996 125.86 0.0016
2017-02-13 2016-12-31 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 230,238 4,996
2016-11-10 2016-09-30 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 131,496 43,917 50.15 2,212 74.04 0.0008
2016-08-12 2016-06-30 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 87,579 24,620 39.10 1,271 38.76 0.0005
2016-05-12 2016-03-31 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 62,959 59,132 1,545.13 916 1,479.31 0.0004
2016-02-09 2015-12-31 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 3,827 -2,553 -40.02 58 -38.30 0.0000
2016-02-08 2015-09-30 13F/A-1 INDEPENDENT BANK CORP MICH COM NEW 453838609 6,380 -1,530 -19.34 94 -12.15 0.0000
2015-11-09 2015-09-30 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 6,380 94
2015-08-12 2015-06-30 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 7,910 1,471 22.85 107 30.49 0.0000
2015-05-14 2015-03-31 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 6,439 -1,014 -13.61 82 -16.33 0.0000
2015-02-13 2014-12-31 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 7,453 -2,405 -24.40 98 -16.24 0.0000
2014-12-16 2014-09-30 13F/A-1 INDEPENDENT BANK CORP MICH COM NEW 453838609 9,858 -148,173 -93.76 117 -94.30 0.0000
2014-11-14 2014-09-30 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 9,858 117
2014-05-13 2014-03-31 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 158,031 127,534 418.19 2,052 462.19 0.0009
2014-02-13 2013-12-31 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 30,497 -52,244 -63.14 365 -55.92 0.0002
2013-11-13 2013-09-30 13F INDEPENDENT BK CORP MICH COM 453838609 82,741 82,741 828 0.0004
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.