First Internet Bancorp
INBK
75 hedge funds and large institutions have $119M invested in First Internet Bancorp in 2016 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 27 increasing their positions, 8 reducing their positions, and 5 closing their positions.
460% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 5
238% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 8
120% more capital invested
Capital invested by funds: $54M → $119M (+$65M)
57.41% more ownership
Funds ownership: 0% → 57.41% (+57%)
42% more funds holding
Funds holding: 53 → 75 (+22)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
+$6.26M |
| 2 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
+$5.45M |
| 3 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
+$3.38M |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$2.88M |
| 5 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
+$2.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$5.71M |
| 2 |
MCM
Maltese Capital Management
New York
|
-$575K |
| 3 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$508K |
| 4 |
KIG
Kessler Investment Group
Columbus,
Indiana
|
-$275K |
| 5 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
-$14K |
INBK Hedge Fund Activity: Q4 2016 in Review
75 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in First Internet Bancorp (INBK) for Q4 2016, worth a combined $119M — up 120% from $54M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new INBK positions and 5 closed out — a net gain of 23 holders — while 27 added to existing stakes and 8 trimmed.
The largest buyer was Basswood Capital Management, opening a new position worth an estimated $6.26M. The largest seller was Wellington Management Group, exiting entirely with an estimated $5.71M sold.
- 75 institutional investors held First Internet Bancorp (INBK) as of Q4 2016, up from 53 in Q3 2016.
- Funds reported $119M of First Internet Bancorp stock for Q4 2016, up 120% quarter-over-quarter.
- 28 funds opened new First Internet Bancorp positions in Q4 2016 and 5 closed out, a net change of +23 holders.
- The largest First Internet Bancorp buyer in Q4 2016 was Basswood Capital Management, an estimated $6.26M added.
- The largest First Internet Bancorp seller in Q4 2016 was Wellington Management Group, an estimated $5.71M sold.
Based on aggregated 13F filings for Q4 2016.