First Internet Bancorp
INBK
86 hedge funds and large institutions have $80.7M invested in First Internet Bancorp in 2023 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 35 increasing their positions, 28 reducing their positions, and 30 closing their positions.
966% more call options, than puts
Call options by funds: $629K | Put options by funds: $59K
25% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 28
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9.38% less ownership
Funds ownership: 70.41% → 61.03% (-9.4%)
17% less funds holding
Funds holding: 103 → 86 (-17)
23% less capital invested
Capital invested by funds: $105M → $80.7M (-$24.5M)
57% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$1.48M |
| 2 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$1.44M |
| 3 |
FT
Fiduciary Trust
Boston,
Massachusetts
|
+$1.2M |
| 4 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$871K |
| 5 |
Walleye Capital
New York
|
+$822K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$3.85M |
| 2 |
BlackRock
New York
|
-$3.07M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$2.47M |
| 4 |
State Street
Boston,
Massachusetts
|
-$1.94M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
-$1.8M |
INBK Hedge Fund Activity: Q2 2023 in Review
86 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Internet Bancorp (INBK) for Q2 2023, worth a combined $80.7M — down 23% from $105M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of INBK and 13 opened new positions — a net loss of 17 holders — while 28 trimmed existing stakes and 35 added.
The largest buyer was Hotchkis & Wiley Capital Management, adding an estimated $1.48M. The largest seller was Kennedy Capital Management, exiting entirely with an estimated $3.85M sold.
- 86 institutional investors held First Internet Bancorp (INBK) as of Q2 2023, down from 103 in Q1 2023.
- Funds reported $80.7M of First Internet Bancorp stock for Q2 2023, down 23% quarter-over-quarter.
- 13 funds opened new First Internet Bancorp positions in Q2 2023 and 30 closed out, a net change of -17 holders.
- The largest First Internet Bancorp buyer in Q2 2023 was Hotchkis & Wiley Capital Management, an estimated $1.48M added.
- The largest First Internet Bancorp seller in Q2 2023 was Kennedy Capital Management, an estimated $3.85M sold.
Based on aggregated 13F filings for Q2 2023.