First Internet Bancorp
INBK
97 hedge funds and large institutions have $219M invested in First Internet Bancorp in 2018 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 47 increasing their positions, 21 reducing their positions, and 11 closing their positions.
124% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 21
2.25% more ownership
Funds ownership: 68.47% → 70.72% (+2.2%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
6% less funds holding
Funds holding: 103 → 97 (-6)
9% less capital invested
Capital invested by funds: $240M → $219M (-$21.3M)
55% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.63M |
| 2 |
Goldman Sachs
New York
|
+$2.45M |
| 3 |
BlackRock
New York
|
+$2.3M |
| 4 |
CIS
Connors Investor Services
Wyomissing,
Pennsylvania
|
+$1.84M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$2.51M |
| 2 |
Renaissance Technologies
New York
|
-$2.48M |
| 3 |
MWNA
Marshall Wace North America
New York
|
-$1.6M |
| 4 |
MS
Maven Securities
St Helier,
Jersey
|
-$854K |
| 5 |
BPM
Bowling Portfolio Management
Cincinnati,
Ohio
|
-$835K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AC
101
Allstate Corporation
Northbrook,
Illinois
| – | -$512K | -15,000 | Closed |
|
102
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$272K | -7,971 | Closed |
|
|
QSS
103
Quantitative Systematic Strategies
Ponte Vedra Beach,
Florida
| – | -$235K | -6,894 | Closed |
|
|
AIM
104
AMI Investment Management
Kendallville,
Indiana
| – | -$205K | -6,000 | Closed |
|
105
Macquarie Group
Sydney, NSW 2000,
Australia
| – | -$14K | -400 | Closed |
|
|
PIA
106
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$5K | -141 | Closed |
|
|
WAM
107
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| – | -$1K | -20 | Closed |
|
INBK Hedge Fund Activity: Q3 2018 in Review
97 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in First Internet Bancorp (INBK) for Q3 2018, worth a combined $219M — down 8.8% from $240M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of INBK and 5 opened new positions — a net loss of 6 holders — while 21 trimmed existing stakes and 47 added.
The largest buyer was Dimensional Fund Advisors, adding an estimated $2.63M. The largest seller was Millennium Management, cutting an estimated $2.51M.
- 97 institutional investors held First Internet Bancorp (INBK) as of Q3 2018, down from 103 in Q2 2018.
- Funds reported $219M of First Internet Bancorp stock for Q3 2018, down 8.8% quarter-over-quarter.
- 5 funds opened new First Internet Bancorp positions in Q3 2018 and 11 closed out, a net change of -6 holders.
- The largest First Internet Bancorp buyer in Q3 2018 was Dimensional Fund Advisors, an estimated $2.63M added.
- The largest First Internet Bancorp seller in Q3 2018 was Millennium Management, an estimated $2.51M sold.
Based on aggregated 13F filings for Q3 2018.