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First Internet Bancorp
INBK

86 hedge funds and large institutions have $89.6M invested in First Internet Bancorp in 2023 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 35 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

9,650% more call options, than puts

Call options by funds: $975K | Put options by funds: $10K

11% more capital invested

Capital invested by funds: $80.7M → $89.6M (+$8.82M)

2.34% more ownership

Funds ownership: 61.03% → 63.37% (+2.3%)

0% more funds holding

Funds holding: 86 → 86 (0)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 7

31% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 35

Holders
86
Holders Change
–
Holders Change %
0%
% of All Funds
1.36%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
7
Increased
24
Reduced
35
Closed
7
Calls
$975K
Puts
$10K
Net Calls
+$965K
Net Calls Change
+$395K

Top Buyers

Rank Fund Capital Flow
1
FL
Fourthstone LLC
Missouri
+$2.25M
2
Russell Investments Group
Russell Investments Group
United Kingdom
+$1.5M
3
GCP
GSA Capital Partners
United Kingdom
+$1.2M
4
AA
Ancora Advisors
Ohio
+$847K
5
Citigroup
Citigroup
New York
+$501K

Top Sellers

Rank Fund Capital Flow
1
HA
Heartland Advisors
Wisconsin
-$944K
2
Walleye Capital
Walleye Capital
New York
-$879K
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$647K
4
Franklin Resources
Franklin Resources
California
-$624K
5
BlackRock
BlackRock
New York
-$524K
Name Holding Trade Value Shares
Change 		Change in
Stake
FP
26
Foundry Partners
Minnesota
$1.03M -$1.51K -80 -0.1%
GCM
27
Gator Capital Management
Florida
$938K -$17K -900 -2%
Ameriprise
28
Ameriprise
Minnesota
$892K +$18.8K +995 +2%
CAM
29
ClariVest Asset Management
California
$771K – – –
BCM
30
Bridgeway Capital Management
Texas
$744K +$26.4K +1,400 +3%
TI
31
Trexquant Investment
Connecticut
$669K -$338K -17,920 -30%
DA
32
Denali Advisors
California
$648K +$374K +19,800 +98%
Renaissance Technologies
33
Renaissance Technologies
New York
$613K +$447K +23,689 +168%
QC
34
Quadrature Capital
United Kingdom
$569K +$206K +10,916 +44%
EMFAT
35
Emerald Mutual Fund Advisers Trust
Pennsylvania
$547K -$72.4K -3,836 -10%
Victory Capital Management
36
Victory Capital Management
Texas
$543K -$66.1K -3,500 -9%
State Street
37
State Street
Massachusetts
$533K – – –
Thrivent Financial for Lutherans
38
Thrivent Financial for Lutherans
Minnesota
$462K – – –
VFA
39
Valeo Financial Advisors
Indiana
$436K -$42.7K -2,260 -8%
Acadian Asset Management
40
Acadian Asset Management
Massachusetts
$435K – – –
Citigroup
41
Citigroup
New York
$430K +$501K +26,516 +101,985%
Susquehanna International Group
42
Susquehanna International Group
Pennsylvania
$426K -$133K -7,029 -21%
PCM
43
Perritt Capital Management
Illinois
$415K -$255K -13,500 -35%
Bank of New York Mellon
44
Bank of New York Mellon
New York
$402K -$323K -17,135 -41%
TA
45
Teton Advisors
New York
$396K – – –
Invesco
46
Invesco
Georgia
$386K +$51.4K +2,724 +13%
Citadel Advisors
47
Citadel Advisors
Florida
$332K +$39K +2,068 +11%
Northern Trust
48
Northern Trust
Illinois
$303K -$2.08K -110 -0.6%
Mariner
49
Mariner
Kansas
$254K -$12.7K -674 -4%
Barclays
50
Barclays
United Kingdom
$249K +$85.8K +4,543 +42%
1
2
3 4

INBK Hedge Fund Activity: Q3 2023 in Review

86 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Internet Bancorp (INBK) for Q3 2023, worth a combined $89.6M — up 11% from $80.7M a quarter earlier.

Fund positioning in INBK was balanced in Q3 2023: 7 funds opened new positions, 7 closed out, 24 added to existing stakes and 35 trimmed.

The largest buyer was Fourthstone LLC, opening a new position worth an estimated $2.25M. The largest seller was Heartland Advisors, cutting an estimated $944K.

  • 86 institutional investors held First Internet Bancorp (INBK) as of Q3 2023, unchanged from Q2 2023.
  • Funds reported $89.6M of First Internet Bancorp stock for Q3 2023, up 11% quarter-over-quarter.
  • 7 funds opened new First Internet Bancorp positions in Q3 2023 and 7 closed out, a net change of 0 holders.
  • The largest First Internet Bancorp buyer in Q3 2023 was Fourthstone LLC, an estimated $2.25M added.
  • The largest First Internet Bancorp seller in Q3 2023 was Heartland Advisors, an estimated $944K sold.

Based on aggregated 13F filings for Q3 2023.