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First Internet Bancorp

32 hedge funds and large institutions have $43.7M invested in First Internet Bancorp in 2013 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 7 increasing their positions, 1 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,800% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 1

600% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 1

322% more capital invested

Capital invested by funds: $10.3M → $43.7M (+$33.3M)

113% more funds holding

Funds holding: 1532 (+17)

Holders
32
Holders Change
+17
Holders Change %
+113.33%
% of All Funds
0.93%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
19
Increased
7
Reduced
1
Closed
1
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Wellington Management Group
1
Wellington Management Group
Massachusetts
$9.43M +$10.2M +419,000 New
RA
2
Royce & Associates
New York
$4.22M +$4.57M +187,400 New
EMFAT
3
Emerald Mutual Fund Advisers Trust
Pennsylvania
$4.09M +$4.33M +177,572 +1,359%
BCM
4
Basswood Capital Management
New York
$3.89M +$4.22M +173,042 New
SCA
5
Stieven Capital Advisors
Missouri
$2.48M +$2.69M +110,200 New
HAI
6
Hennessy Advisors Inc
California
$2.48M +$2.68M +110,000 New
EA
7
Emerald Advisers
Pennsylvania
$2.29M +$2.48M +101,639 New
NC
8
Northpointe Capital
Michigan
$1.92M +$2.08M +85,160 New
CA
9
Continental Advisors
Utah
$1.69M +$1.83M +75,000 New
FP
10
Foundry Partners
Minnesota
$1.49M +$1.62M +66,407 New
DCM
11
Driehaus Capital Management
Illinois
$1.46M -$161K -6,597 -9%
Vanguard Group
12
Vanguard Group
Pennsylvania
$1.23M +$407K +16,700 +44%
COPPSERS
13
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$992K +$1.08M +44,100 New
PCM
14
Perritt Capital Management
Illinois
$945K +$1.02M +42,000 New
WS
15
Wedbush Securities
California
$903K +$29.3K +1,200 +3%
KIG
16
Kessler Investment Group
Indiana
$765K +$61.4K +2,515 +8%
TA
17
Teton Advisors
New York
$720K +$781K +32,000 New
MCM
18
Munder Capital Management
Michigan
$684K +$244K +10,000 +49%
PP
19
Prospector Partners
Connecticut
$563K +$610K +25,000 New
EIM
20
Essex Investment Management
Massachusetts
$375K
AWCI
21
Alpine Woods Capital Investors
New York
$340K +$369K +15,130 New
BFA
22
BlackRock Fund Advisors
California
$199K +$9.03K +370 +4%
FNBT
23
FineMark National Bank & Trust
Florida
$135K
Morgan Stanley
24
Morgan Stanley
New York
$119K +$129K +5,306 New
FFC
25
First Financial Corp
Indiana
$101K

INBK Hedge Fund Activity: Q4 2013 in Review

32 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in First Internet Bancorp (INBK) for Q4 2013, worth a combined $43.7M — up 322% from $10.3M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new INBK positions and 1 closed out — a net gain of 18 holders — while 7 added to existing stakes and 1 trimmed.

The largest buyer was Wellington Management Group, opening a new position worth an estimated $10.2M. The largest seller was Driehaus Capital Management, cutting an estimated $161K.

  • 32 institutional investors held First Internet Bancorp (INBK) as of Q4 2013, up from 15 in Q3 2013.
  • Funds reported $43.7M of First Internet Bancorp stock for Q4 2013, up 322% quarter-over-quarter.
  • 19 funds opened new First Internet Bancorp positions in Q4 2013 and 1 closed out, a net change of +18 holders.
  • The largest First Internet Bancorp buyer in Q4 2013 was Wellington Management Group, an estimated $10.2M added.
  • The largest First Internet Bancorp seller in Q4 2013 was Driehaus Capital Management, an estimated $161K sold.

Based on aggregated 13F filings for Q4 2013.