First Internet Bancorp
INBK
103 hedge funds and large institutions have $105M invested in First Internet Bancorp in 2023 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 39 increasing their positions, 27 reducing their positions, and 11 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 27
18% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 11
2% more funds holding
Funds holding: 101 → 103 (+2)
1.3% more ownership
Funds ownership: 69.11% → 70.41% (+1.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
23% less call options, than puts
Call options by funds: $23K | Put options by funds: $30K
24% less capital invested
Capital invested by funds: $139M → $105M (-$33.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$1.03M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
+$751K |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$728K |
| 4 |
Franklin Resources
San Mateo,
California
|
+$673K |
| 5 |
Millennium Management
New York
|
+$626K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$3.87M |
| 2 |
AI
Acuitas Investments
Seattle,
Washington
|
-$1.91M |
| 3 |
JP Morgan Chase
New York
|
-$1.74M |
| 4 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$1.25M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$658K |
INBK Hedge Fund Activity: Q1 2023 in Review
103 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Internet Bancorp (INBK) for Q1 2023, worth a combined $105M — down 24% from $139M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new INBK positions and 11 closed out — a net gain of 2 holders — while 39 added to existing stakes and 27 trimmed.
The largest buyer was Hotchkis & Wiley Capital Management, adding an estimated $1.03M. The largest seller was Kennedy Capital Management, cutting an estimated $3.87M.
- 103 institutional investors held First Internet Bancorp (INBK) as of Q1 2023, up from 101 in Q4 2022.
- Funds reported $105M of First Internet Bancorp stock for Q1 2023, down 24% quarter-over-quarter.
- 13 funds opened new First Internet Bancorp positions in Q1 2023 and 11 closed out, a net change of +2 holders.
- The largest First Internet Bancorp buyer in Q1 2023 was Hotchkis & Wiley Capital Management, an estimated $1.03M added.
- The largest First Internet Bancorp seller in Q1 2023 was Kennedy Capital Management, an estimated $3.87M sold.
Based on aggregated 13F filings for Q1 2023.