First Internet Bancorp
INBK
67 hedge funds and large institutions have $109M invested in First Internet Bancorp in 2017 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 29 increasing their positions, 21 reducing their positions, and 9 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 21
0.22% less ownership
Funds ownership: 57.41% → 57.19% (-0.22%)
8% less capital invested
Capital invested by funds: $119M → $109M (-$9.71M)
11% less funds holding
Funds holding: 75 → 67 (-8)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$8.74M |
| 2 |
TAM
THB Asset Management
Norwalk,
Connecticut
|
+$4.23M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.47M |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$1.4M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$1.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
-$7.35M |
| 2 |
JAM
Jacobs Asset Management
New York
|
-$1.92M |
| 3 |
Renaissance Technologies
New York
|
-$1.6M |
| 4 |
FG
FSI Group
Cincinnati,
Ohio
|
-$1.12M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$571K |
INBK Hedge Fund Activity: Q1 2017 in Review
67 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in First Internet Bancorp (INBK) for Q1 2017, worth a combined $109M — down 8.2% from $119M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of INBK and 6 opened new positions — a net loss of 3 holders — while 21 trimmed existing stakes and 29 added.
The largest buyer was BlackRock, adding an estimated $8.74M. The largest seller was Basswood Capital Management, exiting entirely with an estimated $7.35M sold.
- 67 institutional investors held First Internet Bancorp (INBK) as of Q1 2017, down from 75 in Q4 2016.
- Funds reported $109M of First Internet Bancorp stock for Q1 2017, down 8.2% quarter-over-quarter.
- 6 funds opened new First Internet Bancorp positions in Q1 2017 and 9 closed out, a net change of -3 holders.
- The largest First Internet Bancorp buyer in Q1 2017 was BlackRock, an estimated $8.74M added.
- The largest First Internet Bancorp seller in Q1 2017 was Basswood Capital Management, an estimated $7.35M sold.
Based on aggregated 13F filings for Q1 2017.