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First Internet Bancorp
INBK

95 hedge funds and large institutions have $175M invested in First Internet Bancorp in 2017 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 40 increasing their positions, 12 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

600% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 4

233% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 12

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

64% more capital invested

Capital invested by funds: $106M → $175M (+$68.4M)

34% more funds holding

Funds holding: 71 → 95 (+24)

5.65% more ownership

Funds ownership: 58.22% → 63.87% (+5.6%)

Holders
95
Holders Change
+24
Holders Change %
+33.8%
% of All Funds
2.37%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
28
Increased
40
Reduced
12
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Wellington Management Group
Wellington Management Group
Massachusetts
+$6.56M
2
SCA
Stieven Capital Advisors
Missouri
+$6.03M
3
EMFAT
Emerald Mutual Fund Advisers Trust
Pennsylvania
+$5.79M
4
HA
Heartland Advisors
Wisconsin
+$3.78M
5
JC
JBF Capital
Colorado
+$3.05M

Top Sellers

1
WA
Wasatch Advisors
Utah
-$1.99M
2
SCM
Signia Capital Management
Washington
-$803K
3
KIG
Kessler Investment Group
Indiana
-$566K
4
OAM
Oberweis Asset Management
Illinois
-$317K
5
Victory Capital Management
Victory Capital Management
Texas
-$313K
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
26
Millennium Management
New York
$1.37M +$1.29M +42,394 New
Two Sigma Investments
27
Two Sigma Investments
New York
$1.23M +$1.16M +37,995 New
CCMH
28
Cornerstone Capital Management Holdings
New York
$1.2M -$18.3K -600 -2%
MC
29
Menta Capital
California
$1.16M +$715K +23,472 +191%
ZDA
30
Zweig-DiMenna Associates
New York
$1.13M +$1.07M +35,000 New
Victory Capital Management
31
Victory Capital Management
Texas
$1.07M -$313K -10,272 -24%
MIM
32
Monashee Investment Management
Massachusetts
$1.07M – – –
TA
33
Teton Advisors
New York
$1.03M – – –
WS
34
Wedbush Securities
California
$1.01M +$6.09K +200 +0.6%
RC
35
RBF Capital
California
$969K +$914K +30,000 New
Bank of New York Mellon
36
Bank of New York Mellon
New York
$959K -$30.5K -1,001 -3%
AL
37
AJO LP
Pennsylvania
$880K +$830K +27,247 New
FCM
38
FJ Capital Management
Virginia
$844K -$174K -5,700 -18%
CIC
39
Cornercap Investment Counsel
Georgia
$812K +$120K +3,930 +19%
FG
40
FSI Group
Ohio
$796K +$751K +24,643 New
Morgan Stanley
41
Morgan Stanley
New York
$765K +$127K +4,162 +21%
OAM
42
Oberweis Asset Management
Illinois
$732K -$317K -10,400 -31%
FWSM
43
First Wilshire Securities Management
California
$677K +$9.72K +319 +2%
SLG
44
Stanley-Laman Group
Pennsylvania
$596K +$40.3K +1,324 +8%
TCIM
45
TIAA CREF Investment Management
New York
$543K – – –
BGIM
46
Brandywine Global Investment Management
Pennsylvania
$528K +$435K +14,278 +693%
Russell Investments Group
47
Russell Investments Group
United Kingdom
$509K +$480K +15,768 New
TI
48
Trexquant Investment
Connecticut
$498K +$248K +8,126 +112%
BCM
49
Buckhead Capital Management
Georgia
$484K – – –
PAM
50
Panagora Asset Management
Massachusetts
$474K +$299K +9,807 +202%
1
2
3 4

INBK Hedge Fund Activity: Q3 2017 in Review

95 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Internet Bancorp (INBK) for Q3 2017, worth a combined $175M — up 64% from $106M a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new INBK positions and 4 closed out — a net gain of 24 holders — while 40 added to existing stakes and 12 trimmed.

The largest buyer was Wellington Management Group, opening a new position worth an estimated $6.56M. The largest seller was Wasatch Advisors, exiting entirely with an estimated $1.99M sold.

  • 95 institutional investors held First Internet Bancorp (INBK) as of Q3 2017, up from 71 in Q2 2017.
  • Funds reported $175M of First Internet Bancorp stock for Q3 2017, up 64% quarter-over-quarter.
  • 28 funds opened new First Internet Bancorp positions in Q3 2017 and 4 closed out, a net change of +24 holders.
  • The largest First Internet Bancorp buyer in Q3 2017 was Wellington Management Group, an estimated $6.56M added.
  • The largest First Internet Bancorp seller in Q3 2017 was Wasatch Advisors, an estimated $1.99M sold.

Based on aggregated 13F filings for Q3 2017.