First Internet Bancorp
INBK
100 hedge funds and large institutions have $165M invested in First Internet Bancorp in 2024 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 35 increasing their positions, 23 reducing their positions, and 19 closing their positions.
966% more call options, than puts
Call options by funds: $970K | Put options by funds: $91K
52% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 23
2.39% more ownership
Funds ownership: 68.01% → 70.4% (+2.4%)
3% less funds holding
Funds holding: 103 → 100 (-3)
16% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 19
19% less capital invested
Capital invested by funds: $205M → $165M (-$39.8M)
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
|
+$12.2M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
+$2.72M |
| 3 |
PFP
Patriot Financial Partners
Radnor,
Pennsylvania
|
+$2.58M |
| 4 |
State Street
Boston,
Massachusetts
|
+$2.01M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$1.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$3.59M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.89M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$2.86M |
| 4 |
Millennium Management
New York
|
-$2.78M |
| 5 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$2.56M |
INBK Hedge Fund Activity: Q2 2024 in Review
100 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in First Internet Bancorp (INBK) for Q2 2024, worth a combined $165M — down 19% from $205M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of INBK and 16 opened new positions — a net loss of 3 holders — while 23 trimmed existing stakes and 35 added.
The largest buyer was BlackRock, adding an estimated $12.2M. The largest seller was Stieven Capital Advisors, cutting an estimated $3.59M.
- 100 institutional investors held First Internet Bancorp (INBK) as of Q2 2024, down from 103 in Q1 2024.
- Funds reported $165M of First Internet Bancorp stock for Q2 2024, down 19% quarter-over-quarter.
- 16 funds opened new First Internet Bancorp positions in Q2 2024 and 19 closed out, a net change of -3 holders.
- The largest First Internet Bancorp buyer in Q2 2024 was BlackRock, an estimated $12.2M added.
- The largest First Internet Bancorp seller in Q2 2024 was Stieven Capital Advisors, an estimated $3.59M sold.
Based on aggregated 13F filings for Q2 2024.