First Internet Bancorp
INBK
115 hedge funds and large institutions have $125M invested in First Internet Bancorp in 2025 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 39 increasing their positions, 43 reducing their positions, and 19 closing their positions.
5% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 19
9% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 43
1.84% less ownership
Funds ownership: 70.65% → 68.81% (-1.8%)
3% less funds holding
Funds holding: 119 → 115 (-4)
10% less capital invested
Capital invested by funds: $138M → $125M (-$13.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AF
Aegis Financial
Mc Lean,
Virginia
|
+$5.03M |
| 2 |
QCM
Quantinno Capital Management
New York
|
+$2.17M |
| 3 |
CA
CSM Advisors
Warrendale,
Pennsylvania
|
+$1.02M |
| 4 |
Millennium Management
New York
|
+$960K |
| 5 |
D.E. Shaw & Co
New York
|
+$597K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFPGI
Patriot Financial Partners GP II
Radnor,
Pennsylvania
|
-$4.7M |
| 2 |
AI
Acuitas Investments
Seattle,
Washington
|
-$2.35M |
| 3 |
BFC
Banc Funds Company
Chicago,
Illinois
|
-$2.3M |
| 4 |
FT
Fiduciary Trust
Boston,
Massachusetts
|
-$1.53M |
| 5 |
Russell Investments Group
London,
United Kingdom
|
-$1.35M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| – | -$244K | -10,858 | Closed |
|
|
TA
127
Teton Advisors
Rye,
New York
| – | -$224K | -10,000 | Closed |
|
128
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$208K | -9,266 | Closed |
|
129
Focus Partners Wealth
Boston,
Massachusetts
| – | -$223K | -1,013 | Closed |
|
|
SIC
130
Salem Investment Counselors
Winston Salem,
North Carolina
| – | -$3.49K | -155 | Closed |
|
|
FFO
131
Fortitude Family Office
Scottsdale,
Arizona
| – | -$1.57K | -70 | Closed |
|
|
PWA
132
Physician Wealth Advisors
Midvale,
Utah
| – | -$920 | -41 | Closed |
|
|
MPWT
133
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$561 | -25 | Closed |
|
|
CA
134
Clearstead Advisors
Cleveland,
Ohio
| – | -$180 | -8 | Closed |
|
|
IA
135
IFP Advisors
Tampa,
Florida
| – | -$135 | -6 | Closed |
|
INBK Hedge Fund Activity: Q4 2025 in Review
115 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in First Internet Bancorp (INBK) for Q4 2025, worth a combined $125M — down 9.7% from $138M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of INBK and 18 opened new positions — a net loss of 1 holder — while 43 trimmed existing stakes and 39 added.
The largest buyer was Aegis Financial, opening a new position worth an estimated $5.03M. The largest seller was Patriot Financial Partners GP II, exiting entirely with an estimated $4.7M sold.
- 115 institutional investors held First Internet Bancorp (INBK) as of Q4 2025, down from 119 in Q3 2025.
- Funds reported $125M of First Internet Bancorp stock for Q4 2025, down 9.7% quarter-over-quarter.
- 18 funds opened new First Internet Bancorp positions in Q4 2025 and 19 closed out, a net change of -1 holder.
- The largest First Internet Bancorp buyer in Q4 2025 was Aegis Financial, an estimated $5.03M added.
- The largest First Internet Bancorp seller in Q4 2025 was Patriot Financial Partners GP II, an estimated $4.7M sold.
Based on aggregated 13F filings for Q4 2025.