First Internet Bancorp
INBK
103 hedge funds and large institutions have $205M invested in First Internet Bancorp in 2024 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 25 increasing their positions, 44 reducing their positions, and 6 closing their positions.
1,485% more call options, than puts
Call options by funds: $2.69M | Put options by funds: $170K
117% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 6
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
48% more capital invested
Capital invested by funds: $139M → $205M (+$65.9M)
7% more funds holding
Funds holding: 96 → 103 (+7)
1.69% more ownership
Funds ownership: 66.32% → 68.01% (+1.7%)
43% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 44
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$3.14M |
| 2 |
Millennium Management
New York
|
+$3.05M |
| 3 |
PFP
Patriot Financial Partners
Radnor,
Pennsylvania
|
+$2.56M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.23M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$2.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$2.72M |
| 2 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$2.1M |
| 3 |
FL
Fourthstone LLC
St Louis,
Missouri
|
-$1.97M |
| 4 |
SC
Sapient Capital
Indianapolis,
Indiana
|
-$1.43M |
| 5 |
Morgan Stanley
New York
|
-$1.37M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FFO
101
Fortitude Family Office
Scottsdale,
Arizona
| $208 | – | – | – |
|
|
FFA
102
Farther Finance Advisors
San Francisco,
California
| $68 | – | – | – |
|
103
Macquarie Group
Sydney, NSW 2000,
Australia
| $12 | +$10.4K | +343 | New |
|
|
FL
104
Fourthstone LLC
St Louis,
Missouri
| – | -$1.97M | -81,319 | Closed |
|
|
ECM
105
ExodusPoint Capital Management
New York
| – | -$321K | -13,260 | Closed |
|
|
6CM
106
683 Capital Management
New York
| – | -$286K | -11,813 | Closed |
|
107
Simplex Trading
Chicago,
Illinois
| – | -$61.6K | -2,037 | Closed |
|
|
WCM
108
Winthrop Capital Management
Carmel,
Indiana
| – | -$14.4K | -594 | Closed |
|
109
Osaic Holdings
Scottsdale,
Arizona
| – | -$604 | -25 | Closed |
|
INBK Hedge Fund Activity: Q1 2024 in Review
103 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Internet Bancorp (INBK) for Q1 2024, worth a combined $205M — up 48% from $139M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new INBK positions and 6 closed out — a net gain of 7 holders — while 25 added to existing stakes and 44 trimmed.
The largest buyer was Invesco, adding an estimated $3.14M. The largest seller was Hotchkis & Wiley Capital Management, cutting an estimated $2.72M.
- 103 institutional investors held First Internet Bancorp (INBK) as of Q1 2024, up from 96 in Q4 2023.
- Funds reported $205M of First Internet Bancorp stock for Q1 2024, up 48% quarter-over-quarter.
- 13 funds opened new First Internet Bancorp positions in Q1 2024 and 6 closed out, a net change of +7 holders.
- The largest First Internet Bancorp buyer in Q1 2024 was Invesco, an estimated $3.14M added.
- The largest First Internet Bancorp seller in Q1 2024 was Hotchkis & Wiley Capital Management, an estimated $2.72M sold.
Based on aggregated 13F filings for Q1 2024.