Independent Bank Corporation
US ˙ NasdaqGS ˙ US4538386099

SecurityIBCP / Independent Bank Corporation
InstitutionQuest Partners LLC
Latest Disclosed Ownership15,214 shares
Latest Disclosed Value $ 494,911
Quest Partners LLC reports 20.41% decrease in ownership of IBCP / Independent Bank Corporation

On February 9, 2026 - Quest Partners LLC filed a 13F-HR form disclosing ownership of 15,214 shares of Independent Bank Corporation (US:IBCP) valued at $494,911 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 3, 2025 disclosing 19,116 shares of Independent Bank Corporation. This represents a change in shares of -20.41% during the quarter. The current value of the position is $526,100 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)
2026-02-09 2025-12-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 15,214 -3,902 -20.41 495 -16.55 0.0277
2025-11-03 2025-09-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 19,116 10,514 122.23 592 112.95 0.0387
2025-07-31 2025-06-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 8,602 -10,845 -55.77 279 -53.51 0.0274
2025-05-14 2025-03-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 19,447 5,209 36.59 599 20.81 0.0651
2025-02-07 2024-12-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 14,238 -9,919 -41.06 496 -38.51 0.0659
2024-11-07 2024-09-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 24,157 12,803 112.76 806 163.07 0.0717
2024-08-06 2024-06-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 11,354 5,072 80.74 307 92.45 0.0416
2024-05-09 2024-03-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 6,282 3,247 106.99 159 103.85 0.0277
2024-02-09 2023-12-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 3,035 3,035 79 0.0168
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.