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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
TA
51
Teton Advisors
New York
$540K – – –
PCM
52
Perritt Capital Management
Illinois
$506K -$937 -31 -0.2%
Two Sigma Advisers
53
Two Sigma Advisers
New York
$462K +$172K +5,700 +50%
Barclays
54
Barclays
United Kingdom
$455K +$229K +7,561 +81%
IAP
55
Indie Asset Partners
Indiana
$423K +$133K +4,409 +39%
N
56
Nuveen
North Carolina
$398K +$445K +14,717 New
CIC
57
Cornercap Investment Counsel
Georgia
$381K – – –
Mariner
58
Mariner
Kansas
$379K -$18.1K -599 -4%
OFG
59
Oxford Financial Group
Indiana
$352K – – –
JP Morgan Chase
60
JP Morgan Chase
New York
$335K -$607K -20,071 -62%
DCM
61
Donaldson Capital Management
Indiana
$331K – – –
Bank of America
62
Bank of America
North Carolina
$320K -$25.3K -836 -7%
Walleye Capital
63
Walleye Capital
New York
$293K +$327K +10,830 New
BNP Paribas Financial Markets
64
BNP Paribas Financial Markets
France
$285K +$312K +10,314 +4,667%
Qube Research & Technologies (QRT)
65
Qube Research & Technologies (QRT)
United Kingdom
$271K -$847K -28,007 -74%
RhumbLine Advisers
66
RhumbLine Advisers
Massachusetts
$256K +$274K +9,067 +2,180%
Royal Bank of Canada
67
Royal Bank of Canada
Ontario, Canada
$244K +$23.1K +764 +9%
JF
68
Jump Financial
Illinois
$215K +$59.6K +1,970 +33%
SEI Investments
69
SEI Investments
Pennsylvania
$208K – – –
WFMPM
70
Woodley Farra Manion Portfolio Management
Indiana
$202K – – –
Ohio Public Employees Retirement System (OPERS)
71
Ohio Public Employees Retirement System (OPERS)
Ohio
$196K -$13.3K -439 -6%
HIM
72
Hillsdale Investment Management
Ontario, Canada
$189K +$206K +6,800 +3,778%
Deutsche Bank
73
Deutsche Bank
Germany
$172K +$192K +6,349 New
FFC
74
First Financial Corp
Indiana
$162K – – –
SO
75
STRS Ohio
Ohio
$151K +$169K +5,600 New
1 2
3
4 5

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.