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First Internet Bancorp

INBK

Market cap $233M

33 hedge funds and large institutions have $27M invested in First Internet Bancorp in 2015 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 2 closing their positions.

New

Increased

Maintained

Reduced

Closed

50% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 2

3% more funds holding

Funds holding: 32 → 33 (+1)

1% less capital invested

Capital invested by funds: $27.4M → $27M (-$355K)

10% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 10

Holders

Holders Change

Holders Change %

+3.13%

% of All Funds

0.88%

Holding in Top 10

–

Holding in Top 10 Change

–

Holding in Top 10 Change %

–

% of All Funds

–

New

Increased

Reduced

Closed

Calls

–

Puts

–

Net Calls

–

Net Calls Change

–

Top Buyers

1	MCM Maltese Capital Management New York	+$2.14M
2	DCM Driehaus Capital Management Chicago, Illinois	+$277K
3	FP Foundry Partners Minneapolis, Minnesota	+$245K
4	Renaissance Technologies New York	+$109K
5	Vanguard Group Malvern, Pennsylvania	+$87.7K

Top Sellers

1	BCM Basswood Capital Management New York	-$4.12M
2	RA Royce & Associates New York	-$959K
3	Wellington Management Group Boston, Massachusetts	-$380K
4	NC Northpointe Capital Bloomfield Hills, Michigan	-$312K
5	Stifel Financial St. Louis, Missouri	-$152K

#	Name	Holding	Trade Value	Shares Change	Change in Stake
1	1 Wellington Management Group Boston, Massachusetts	$6.77M	-$380K	-22,957	-6%
2	RA 2 Royce & Associates New York	$3.12M	-$959K	-57,900	-26%
3	3 Stifel Financial St. Louis, Missouri	$3.04M	-$152K	-9,200	-5%
4	MCM 4 Maltese Capital Management New York	$2.4M	+$2.14M	+129,000	New
5	NC 5 Northpointe Capital Bloomfield Hills, Michigan	$2.16M	-$312K	-18,834	-14%
6	FP 6 Foundry Partners Minneapolis, Minnesota	$1.87M	+$245K	+14,770	+17%
7	7 Vanguard Group Malvern, Pennsylvania	$1.44M	+$87.7K	+5,300	+7%
8	DCM 8 Driehaus Capital Management Chicago, Illinois	$1.09M	+$277K	+16,710	+40%
9	KIG 9 Kessler Investment Group Columbus, Indiana	$835K	+$7.12K	+430	+1%
10	WS 10 Wedbush Securities Los Angeles, California	$740K	+$20.7K	+1,250	+3%
11	TA 11 Teton Advisors Rye, New York	$594K	–	–	–
12	12 Renaissance Technologies New York	$585K	+$109K	+6,576	+26%
13	13 Victory Capital Management San Antonio, Texas	$554K	–	–	–
14	PCM 14 Perritt Capital Management Chicago, Illinois	$520K	–	–	–
15	15 Geode Capital Management Boston, Massachusetts	$283K	–	–	–
16	AWCI 16 Alpine Woods Capital Investors Purchase, New York	$257K	–	–	–
17	BFA 17 BlackRock Fund Advisors San Francisco, California	$226K	-$13.8K	-832	-6%
18	CCA 18 Catalyst Capital Advisors Huntington, New York	$130K	–	–	–
19	FNBT 19 FineMark National Bank & Trust Fort Myers, Florida	$111K	–	–	–
20	20 Morgan Stanley New York	$91K	-$3.38K	-204	-4%
21	FFC 21 First Financial Corp Terre Haute, Indiana	$84K	–	–	–
22	22 PNC Financial Services Group Pittsburgh, Pennsylvania	$45K	+$39.7K	+2,400	New
23	23 Deutsche Bank Frankfurt Am Main Ge, Germany	$26K	+$19K	+1,150	+417%
24	24 Acadian Asset Management Boston, Massachusetts	$16K	+$14.2K	+856	New
25	BIM 25 BlackRock Investment Management Wilmington, Delaware	$14K	+$17	+1	+0.1%

INBK Hedge Fund Activity: Q1 2015 in Review

33 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in First Internet Bancorp (INBK) for Q1 2015, worth a combined $27M — down 1.3% from $27.4M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new INBK positions and 2 closed out — a net gain of 1 holder — while 9 added to existing stakes and 10 trimmed.

The largest buyer was Maltese Capital Management, opening a new position worth an estimated $2.14M. The largest seller was Basswood Capital Management, exiting entirely with an estimated $4.12M sold.

33 institutional investors held First Internet Bancorp (INBK) as of Q1 2015, up from 32 in Q4 2014.
Funds reported $27M of First Internet Bancorp stock for Q1 2015, down 1.3% quarter-over-quarter.
3 funds opened new First Internet Bancorp positions in Q1 2015 and 2 closed out, a net change of +1 holder.
The largest First Internet Bancorp buyer in Q1 2015 was Maltese Capital Management, an estimated $2.14M added.
The largest First Internet Bancorp seller in Q1 2015 was Basswood Capital Management, an estimated $4.12M sold.

Based on aggregated 13F filings for Q1 2015.

First Internet Bancorp INBK Market cap $233M