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First Internet Bancorp
INBK

100 hedge funds and large institutions have $165M invested in First Internet Bancorp in 2024 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 35 increasing their positions, 23 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

966% more call options, than puts

Call options by funds: $970K | Put options by funds: $91K

52% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 23

2.39% more ownership

Funds ownership: 68.01% → 70.4% (+2.4%)

3% less funds holding

Funds holding: 103 → 100 (-3)

16% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 19

19% less capital invested

Capital invested by funds: $205M → $165M (-$39.8M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
100
Holders Change
-3
Holders Change %
-2.91%
% of All Funds
1.44%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
16
Increased
35
Reduced
23
Closed
19
Calls
$970K
Puts
$91K
Net Calls
+$879K
Net Calls Change
-$1.65M

Top Buyers

1
BlackRock
BlackRock
New York
+$12.2M
2
Geode Capital Management
Geode Capital Management
Massachusetts
+$2.72M
3
PFP
Patriot Financial Partners
Pennsylvania
+$2.58M
4
State Street
State Street
Massachusetts
+$2.01M
5
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$1.5M

Top Sellers

1
SCA
Stieven Capital Advisors
Missouri
-$3.59M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$2.89M
3
Invesco
Invesco
Georgia
-$2.86M
4
Millennium Management
Millennium Management
New York
-$2.78M
5
AA
Ancora Advisors
Ohio
-$2.56M
Name Holding Trade Value Shares
Change 		Change in
Stake
Russell Investments Group
26
Russell Investments Group
United Kingdom
$1.94M -$152K -5,014 -7%
Wellington Management Group
27
Wellington Management Group
Massachusetts
$1.88M – – –
Arrowstreet Capital
28
Arrowstreet Capital
Massachusetts
$1.45M +$3.84K +127 +0.2%
CAM
29
ClariVest Asset Management
California
$1.36M +$42.5K +1,404 +3%
GCM
30
Gator Capital Management
Florida
$1.26M – – –
BCM
31
Bridgeway Capital Management
Texas
$1.24M – – –
Citadel Advisors
32
Citadel Advisors
Florida
$1.16M +$819K +27,088 +172%
Ameriprise
33
Ameriprise
Minnesota
$1.11M +$112K +3,700 +10%
QC
34
Quadrature Capital
United Kingdom
$1.1M -$50.1K -1,657 -4%
Goldman Sachs
35
Goldman Sachs
New York
$1.07M -$941K -31,110 -44%
TI
36
Trexquant Investment
Connecticut
$1.07M +$637K +21,049 +114%
LSV Asset Management
37
LSV Asset Management
Illinois
$1.06M +$24.2K +800 +2%
Bank of New York Mellon
38
Bank of New York Mellon
New York
$1.05M +$707K +23,376 +150%
GCP
39
GSA Capital Partners
United Kingdom
$1.02M +$43.1K +1,426 +4%
EMFAT
40
Emerald Mutual Fund Advisers Trust
Pennsylvania
$912K – – –
Two Sigma Investments
41
Two Sigma Investments
New York
$842K +$942K +31,159 New
Invesco
42
Invesco
Georgia
$833K -$2.86M -94,528 -75%
Victory Capital Management
43
Victory Capital Management
Texas
$770K +$75.6K +2,500 +10%
Marshall Wace
44
Marshall Wace
United Kingdom
$695K -$148K -4,889 -16%
Renaissance Technologies
45
Renaissance Technologies
New York
$681K +$523K +17,300 +219%
VFA
46
Valeo Financial Advisors
Indiana
$648K +$18.3K +606 +3%
Northern Trust
47
Northern Trust
Illinois
$647K +$104K +3,454 +17%
Thrivent Financial for Lutherans
48
Thrivent Financial for Lutherans
Minnesota
$637K +$467K +15,444 +190%
Charles Schwab
49
Charles Schwab
California
$611K +$684K +22,622 New
Man Group
50
Man Group
United Kingdom
$551K -$2.54K -84 -0.4%
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INBK Hedge Fund Activity: Q2 2024 in Review

100 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in First Internet Bancorp (INBK) for Q2 2024, worth a combined $165M — down 19% from $205M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of INBK and 16 opened new positions — a net loss of 3 holders — while 23 trimmed existing stakes and 35 added.

The largest buyer was BlackRock, adding an estimated $12.2M. The largest seller was Stieven Capital Advisors, cutting an estimated $3.59M.

  • 100 institutional investors held First Internet Bancorp (INBK) as of Q2 2024, down from 103 in Q1 2024.
  • Funds reported $165M of First Internet Bancorp stock for Q2 2024, down 19% quarter-over-quarter.
  • 16 funds opened new First Internet Bancorp positions in Q2 2024 and 19 closed out, a net change of -3 holders.
  • The largest First Internet Bancorp buyer in Q2 2024 was BlackRock, an estimated $12.2M added.
  • The largest First Internet Bancorp seller in Q2 2024 was Stieven Capital Advisors, an estimated $3.59M sold.

Based on aggregated 13F filings for Q2 2024.