First Internet Bancorp
INBK
126 hedge funds and large institutions have $169M invested in First Internet Bancorp in 2025 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 43 increasing their positions, 40 reducing their positions, and 15 closing their positions.
33% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 15
21% more call options, than puts
Call options by funds: $35K | Put options by funds: $29K
4% more funds holding
Funds holding: 121 → 126 (+5)
8% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 40
1.59% less ownership
Funds ownership: 74.12% → 72.53% (-1.6%)
27% less capital invested
Capital invested by funds: $231M → $169M (-$62.3M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FL
Fourthstone LLC
St Louis,
Missouri
|
+$1.27M |
| 2 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
+$1.26M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$1.22M |
| 4 |
PFP
Patriot Financial Partners
Radnor,
Pennsylvania
|
+$932K |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$613K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$3.18M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$2.92M |
| 3 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$1.71M |
| 4 |
Morgan Stanley
New York
|
-$1.49M |
| 5 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$1.21M |
INBK Hedge Fund Activity: Q1 2025 in Review
126 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in First Internet Bancorp (INBK) for Q1 2025, worth a combined $169M — down 27% from $231M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new INBK positions and 15 closed out — a net gain of 5 holders — while 43 added to existing stakes and 40 trimmed.
The largest buyer was Fourthstone LLC, opening a new position worth an estimated $1.27M. The largest seller was Invesco, cutting an estimated $3.18M.
- 126 institutional investors held First Internet Bancorp (INBK) as of Q1 2025, up from 121 in Q4 2024.
- Funds reported $169M of First Internet Bancorp stock for Q1 2025, down 27% quarter-over-quarter.
- 20 funds opened new First Internet Bancorp positions in Q1 2025 and 15 closed out, a net change of +5 holders.
- The largest First Internet Bancorp buyer in Q1 2025 was Fourthstone LLC, an estimated $1.27M added.
- The largest First Internet Bancorp seller in Q1 2025 was Invesco, an estimated $3.18M sold.
Based on aggregated 13F filings for Q1 2025.