First Internet Bancorp
INBK
97 hedge funds and large institutions have $211M invested in First Internet Bancorp in 2018 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 30 increasing their positions, 36 reducing their positions, and 9 closing their positions.
5% less capital invested
Capital invested by funds: $221M → $211M (-$10.1M)
1.03% less ownership
Funds ownership: 68.87% → 67.84% (-1%)
5% less funds holding
Funds holding: 102 → 97 (-5)
17% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 36
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.06M |
| 2 |
MSL
Mackay Shields LLC
New York
|
+$1.46M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.22M |
| 4 |
BPM
Bowling Portfolio Management
Cincinnati,
Ohio
|
+$935K |
| 5 |
SCM
Signia Capital Management
Spokane,
Washington
|
+$624K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$2.36M |
| 2 |
MC
Menta Capital
San Francisco,
California
|
-$1.31M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$1.05M |
| 4 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$948K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$748K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Macquarie Group
Sydney, NSW 2000,
Australia
| – | -$242K | -6,331 | Closed |
|
102
Parallax Volatility Advisers
San Francisco,
California
| – | -$46K | -1,218 | Closed |
|
|
VCM
103
Vigilant Capital Management
Portland,
Maine
| – | -$4K | -100 | Closed |
|
|
MAM
104
Meeder Asset Management
Dublin,
Ohio
| – | -$2K | -61 | Closed |
|
|
MA
105
MUFG Americas
New York
| – | -$2K | -40 | Closed |
|
106
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$1K | -36 | Closed |
|
INBK Hedge Fund Activity: Q1 2018 in Review
97 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in First Internet Bancorp (INBK) for Q1 2018, worth a combined $211M — down 4.6% from $221M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of INBK and 6 opened new positions — a net loss of 3 holders — while 36 trimmed existing stakes and 30 added.
The largest buyer was Dimensional Fund Advisors, adding an estimated $2.06M. The largest seller was Stieven Capital Advisors, cutting an estimated $2.36M.
- 97 institutional investors held First Internet Bancorp (INBK) as of Q1 2018, down from 102 in Q4 2017.
- Funds reported $211M of First Internet Bancorp stock for Q1 2018, down 4.6% quarter-over-quarter.
- 6 funds opened new First Internet Bancorp positions in Q1 2018 and 9 closed out, a net change of -3 holders.
- The largest First Internet Bancorp buyer in Q1 2018 was Dimensional Fund Advisors, an estimated $2.06M added.
- The largest First Internet Bancorp seller in Q1 2018 was Stieven Capital Advisors, an estimated $2.36M sold.
Based on aggregated 13F filings for Q1 2018.