First Internet Bancorp
INBK
29 hedge funds and large institutions have $39.3M invested in First Internet Bancorp in 2014 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 7 closing their positions.
9% less funds holding
Funds holding: 32 → 29 (-3)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
14% less capital invested
Capital invested by funds: $45.9M → $39.3M (-$6.63M)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$839K |
| 2 |
BCM
Basswood Capital Management
New York
|
+$610K |
| 3 |
NC
Northpointe Capital
Bloomfield Hills,
Michigan
|
+$377K |
| 4 |
RA
Royce & Associates
New York
|
+$335K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$327K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$1.7M |
| 2 |
HAI
Hennessy Advisors Inc
Novato,
California
|
-$1.13M |
| 3 |
CA
Continental Advisors
Park City,
Utah
|
-$583K |
| 4 |
PP
Prospector Partners
Guilford,
Connecticut
|
-$569K |
| 5 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$455K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BIM
26
BlackRock Investment Management
Wilmington,
Delaware
| $16K | +$16.9K | +787 | New |
|
|
AP
27
Atwood & Palmer
Kansas City,
Missouri
| $14K | +$15K | +700 | New |
|
|
GSC
28
Ground Swell Capital
Folly Beach,
South Carolina
| $12K | +$12.5K | +581 | New |
|
|
AWCI
29
Alpine Woods Capital Investors
Purchase,
New York
| $206 | – | – | – |
|
|
PP
30
Prospector Partners
Guilford,
Connecticut
| – | -$569K | -25,000 | Closed |
|
|
RNS
31
Robert N. Shapiro
| – | -$16K | -704 | Closed |
|
32
Wells Fargo
San Francisco,
California
| – | -$12K | -538 | Closed |
|
|
U
33
UBS
Zurich,
Switzerland
| – | -$9K | -389 | Closed |
|
34
Citigroup
New York
| – | -$8K | -373 | Closed |
|
|
GC
35
Globeflex Capital
San Diego,
California
| – | -$1K | -68 | Closed |
|
INBK Hedge Fund Activity: Q2 2014 in Review
29 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in First Internet Bancorp (INBK) for Q2 2014, worth a combined $39.3M — down 14% from $45.9M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of INBK and 4 opened new positions — a net loss of 3 holders — while 10 trimmed existing stakes and 9 added.
The largest buyer was Stifel Financial, adding an estimated $839K. The largest seller was Stieven Capital Advisors, cutting an estimated $1.7M.
- 29 institutional investors held First Internet Bancorp (INBK) as of Q2 2014, down from 32 in Q1 2014.
- Funds reported $39.3M of First Internet Bancorp stock for Q2 2014, down 14% quarter-over-quarter.
- 4 funds opened new First Internet Bancorp positions in Q2 2014 and 7 closed out, a net change of -3 holders.
- The largest First Internet Bancorp buyer in Q2 2014 was Stifel Financial, an estimated $839K added.
- The largest First Internet Bancorp seller in Q2 2014 was Stieven Capital Advisors, an estimated $1.7M sold.
Based on aggregated 13F filings for Q2 2014.