First Internet Bancorp
INBK
53 hedge funds and large institutions have $54M invested in First Internet Bancorp in 2016 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 17 reducing their positions, and 9 closing their positions.
6% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 17
7% less capital invested
Capital invested by funds: $58M → $54M (-$3.94M)
9% less funds holding
Funds holding: 58 → 53 (-5)
56% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 9
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
+$905K |
| 2 |
MCM
Maltese Capital Management
New York
|
+$588K |
| 3 |
CCMH
Cornerstone Capital Management Holdings
New York
|
+$579K |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$317K |
| 5 |
SCM
Signia Capital Management
Spokane,
Washington
|
+$261K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$1.79M |
| 2 |
Renaissance Technologies
New York
|
-$676K |
| 3 |
CIC
Cornercap Investment Counsel
Atlanta,
Georgia
|
-$478K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$439K |
| 5 |
CAM
ClariVest Asset Management
San Diego,
California
|
-$407K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Barclays
London,
United Kingdom
| $1K | +$780 | +33 | New |
|
|
TCIM
52
TIAA CREF Investment Management
New York
| $393 | – | – | – |
|
|
NI
53
Numeric Investors
Boston,
Massachusetts
| – | -$1.79M | -75,325 | Closed |
|
|
CIC
54
Cornercap Investment Counsel
Atlanta,
Georgia
| – | -$478K | -20,060 | Closed |
|
55
Goldman Sachs
New York
| – | -$221K | -9,298 | Closed |
|
|
AIM
56
Acrospire Investment Management
Chicago,
Illinois
| – | -$53K | -2,206 | Closed |
|
57
JP Morgan Chase
New York
| – | -$32K | -1,357 | Closed |
|
58
Creative Planning
Overland Park,
Kansas
| – | -$28.5K | -1,208 | -100% |
|
59
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$24K | -1,000 | Closed |
|
|
AG
60
Advisor Group
Phoenix,
Arizona
| – | -$9K | -400 | Closed |
|
|
GC
61
Globeflex Capital
San Diego,
California
| – | -$1K | -41 | Closed |
|
|
TWA
62
TCI Wealth Advisors
Tucson,
Arizona
| – | -$1K | -21 | Closed |
|
INBK Hedge Fund Activity: Q3 2016 in Review
53 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Internet Bancorp (INBK) for Q3 2016, worth a combined $54M — down 6.8% from $58M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of INBK and 4 opened new positions — a net loss of 5 holders — while 17 trimmed existing stakes and 18 added.
The largest buyer was Foundry Partners, adding an estimated $905K. The largest seller was Numeric Investors, exiting entirely with an estimated $1.79M sold.
- 53 institutional investors held First Internet Bancorp (INBK) as of Q3 2016, down from 58 in Q2 2016.
- Funds reported $54M of First Internet Bancorp stock for Q3 2016, down 6.8% quarter-over-quarter.
- 4 funds opened new First Internet Bancorp positions in Q3 2016 and 9 closed out, a net change of -5 holders.
- The largest First Internet Bancorp buyer in Q3 2016 was Foundry Partners, an estimated $905K added.
- The largest First Internet Bancorp seller in Q3 2016 was Numeric Investors, an estimated $1.79M sold.
Based on aggregated 13F filings for Q3 2016.