First Internet Bancorp
INBK
88 hedge funds and large institutions have $141M invested in First Internet Bancorp in 2018 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 32 increasing their positions, 26 reducing their positions, and 19 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 26
2.65% less ownership
Funds ownership: 70.72% → 68.07% (-2.7%)
9% less funds holding
Funds holding: 97 → 88 (-9)
36% less capital invested
Capital invested by funds: $219M → $141M (-$78M)
47% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 19
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
+$1.77M |
| 2 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
+$1.18M |
| 3 |
BlackRock
New York
|
+$1.04M |
| 4 |
MCM
Maltese Capital Management
New York
|
+$1M |
| 5 |
CIS
Connors Investor Services
Wyomissing,
Pennsylvania
|
+$987K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$8.51M |
| 2 |
ACM
Argent Capital Management
St Louis,
Missouri
|
-$2.19M |
| 3 |
Renaissance Technologies
New York
|
-$1.59M |
| 4 |
FCM
FJ Capital Management
Mclean,
Virginia
|
-$1.53M |
| 5 |
Two Sigma Investments
New York
|
-$1.05M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WP
101
WealthSource Partners
San Luis Obispo,
California
| – | -$209K | -6,873 | Closed |
|
|
MIM
102
MetLife Investment Management
Whippany,
New Jersey
| – | -$122K | -4,019 | Closed |
|
|
MLICM
103
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$89.7K | -2,946 | Closed |
|
104
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$5K | -169 | Closed |
|
105
US Bancorp
Minneapolis,
Minnesota
| – | -$2K | -51 | Closed |
|
106
Canada Life
Winnipeg,
Manitoba, Canada
| – | -$50 | -2 | -13% |
|
|
GT
107
Glenmede Trust
Philadelphia,
Pennsylvania
| – | +$1.05K | +42 | New |
|
INBK Hedge Fund Activity: Q4 2018 in Review
88 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in First Internet Bancorp (INBK) for Q4 2018, worth a combined $141M — down 36% from $219M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of INBK and 10 opened new positions — a net loss of 9 holders — while 26 trimmed existing stakes and 32 added.
The largest buyer was Dimensional Fund Advisors, adding an estimated $1.77M. The largest seller was Emerald Mutual Fund Advisers Trust, exiting entirely with an estimated $8.51M sold.
- 88 institutional investors held First Internet Bancorp (INBK) as of Q4 2018, down from 97 in Q3 2018.
- Funds reported $141M of First Internet Bancorp stock for Q4 2018, down 36% quarter-over-quarter.
- 10 funds opened new First Internet Bancorp positions in Q4 2018 and 19 closed out, a net change of -9 holders.
- The largest First Internet Bancorp buyer in Q4 2018 was Dimensional Fund Advisors, an estimated $1.77M added.
- The largest First Internet Bancorp seller in Q4 2018 was Emerald Mutual Fund Advisers Trust, an estimated $8.51M sold.
Based on aggregated 13F filings for Q4 2018.