First Internet Bancorp
INBK
58 hedge funds and large institutions have $58M invested in First Internet Bancorp in 2016 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 21 increasing their positions, 10 reducing their positions, and 10 closing their positions.
110% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 10
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
100% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 10
99% more capital invested
Capital invested by funds: $29.1M → $58M (+$28.9M)
18% more funds holding
Funds holding: 49 → 58 (+9)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
+$10.2M |
| 2 |
PCM
Perritt Capital Management
Chicago,
Illinois
|
+$3.95M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$3.02M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$2.99M |
| 5 |
ACM
Argent Capital Management
St Louis,
Missouri
|
+$1.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.27M |
| 2 |
EI
EAM Investors
Solana Beach,
California
|
-$1.05M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$599K |
| 4 |
Morgan Stanley
New York
|
-$315K |
| 5 |
AIM
Acrospire Investment Management
Chicago,
Illinois
|
-$244K |
INBK Hedge Fund Activity: Q2 2016 in Review
58 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Internet Bancorp (INBK) for Q2 2016, worth a combined $58M — up 99% from $29.1M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new INBK positions and 10 closed out — a net gain of 10 holders — while 21 added to existing stakes and 10 trimmed.
The largest buyer was Stieven Capital Advisors, opening a new position worth an estimated $10.2M. The largest seller was Wellington Management Group, cutting an estimated $1.27M.
- 58 institutional investors held First Internet Bancorp (INBK) as of Q2 2016, up from 49 in Q1 2016.
- Funds reported $58M of First Internet Bancorp stock for Q2 2016, up 99% quarter-over-quarter.
- 20 funds opened new First Internet Bancorp positions in Q2 2016 and 10 closed out, a net change of +10 holders.
- The largest First Internet Bancorp buyer in Q2 2016 was Stieven Capital Advisors, an estimated $10.2M added.
- The largest First Internet Bancorp seller in Q2 2016 was Wellington Management Group, an estimated $1.27M sold.
Based on aggregated 13F filings for Q2 2016.