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, 26 increasing their positions, 43 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)
50% more capital invested
Capital invested by funds: $137M → $205M (+$67.8M)
7% more funds holding
Funds holding: 96 → 103 (+7)
2.59% more ownership
Funds ownership: 65.41% → 68.01% (+2.6%)
40% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 43
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 |
BlackRock
New York
|
-$1.13M |
INBK Hedge Fund Activity: Q1 2024 in Review
103 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in First Internet Bancorp (INBK) for Q1 2024, worth a combined $205M — up 50% from $137M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new INBK positions and 6 closed out — a net gain of 7 holders — while 26 added to existing stakes and 43 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 50% 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.