Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

FIRST INTERNET BANCORP (INBK)

112 + Investors. Track Smart Money conviction in INBK. See who's accumulating, reducing, or initiating positions.

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
3Q ▼
Buyers last Q
49%

Smart Money Signals — INBK

Based on 112 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their INBK positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 90% of 3.0Y peak

90% of all-time peak
112 funds currently hold this stock — 90% of the 3.0-year high of 124 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 5% fewer funds vs a year ago

fund count last 6Q
6 fewer hedge funds hold INBK compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 49% buying

57 buying60 selling
Last quarter: 60 funds reduced or exited vs 57 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈

More new buyers each quarter (+7 vs last Q)

new funds entering per quarter
Funds opening a new INBK position: 21 → 12 → 10 → 17. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

63% of holders stayed for 2+ years

63% conviction (2yr+) 21% medium 16% new
71 out of 112 hedge funds have held INBK for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

16 → 21 → 12 → 10 → 17 new funds/Q
New funds entering each quarter: 21 → 12 → 10 → 17. INBK is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 70% of holders stayed 2+ years

70% veterans 7% 1-2yr 23% new
Of 112 current holders: 78 (70%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

Strong quality — 32% AUM from major funds

32% from top-100 AUM funds
28 of 112 holders rank in the top 100 by AUM, accounting for 32% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: INBK

How many hedge funds hold INBK — quarterly history vs. share price
Quarterly hedge fund ownership of INBK vs. share price

Market Analysis: INBK

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: INBK

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

26 top-rated funds 0 high-conviction
Consensus
6.2
/ 10
breadth
×
Elite
0.5
/ 10
conviction
Hedge Fund Positioning: INBK
2026 Q1 Stats Unlock in 20 days 112 + Investors

Track Smart Money conviction in INBK. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 112 114 -1.75%
13F Shares 6M 6M -6.45%
Total Value $123M $138M -10.83%
New Positions 17 10 +7
Increased Positions 40 45 -5
Closed Positions 19 12 +7
Reduced Positions 41 36 +5
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: INBK

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

112 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in INBK. Verified SEC 13F-HR filings.

Top 23 institutional holders of INBK — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 FIRST FINANCIAL CORP /IN/ 0.05% 6,000 $122K
2 Inscription Capital, LLC 0.03% 12,089 $246K
3 SAPIENT CAPITAL LLC 0.02% 77,807 $1.6M
4 Versant Capital Management, Inc 0.01% 5,157 $105K
5 DONALDSON CAPITAL MANAGEMENT, LLC 0.01% 14,250 $290K
6 FIRST MERCHANTS CORP 0.01% 11,172 $228K
7 Sowell Financial Services LLC 0.01% 11,123 $227K
8 Winthrop Capital Management, LLC 0.00% 624
9 STRS OHIO 0.00% 27,900 $569K
10 GAMMA Investing LLC 0.00% 1,896 $39K
11 AlphaQuest LLC 0.00% 1,361 $28K
12 TFC Financial Management, Inc. 0.00% 247 $5K
13 Nemes Rush Group LLC 0.00% 304 $6K
14 Police & Firemen's Retirement System of New Jersey 0.00% 1,632 $33K
15 HSBC HOLDINGS PLC 0.00% 24,456 $500K
16 Nuveen, LLC 0.00% 40,356 $822K
17 SALEM INVESTMENT COUNSELORS INC 0.00% 155 $3K
18 True Wealth Design, LLC 0.00% 20
19 Sterling Capital Management LLC 0.00% 157 $3K
20 Root Financial Partners, LLC 0.00% 20
21 SJS Investment Consulting Inc. 0.00% 7
22 IFP Advisors, Inc 0.00% 14
23 Farther Finance Advisors, LLC 0.00% 15
Investor Ownership
History
% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — FIRST INTERNET BANCORP (INBK)

What does the Smart Money Trend signal show for INBK?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their INBK positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for INBK?

More sellers than buyers — 49% buying: Last quarter: 60 funds reduced or exited vs 57 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for INBK holders?

Strong quality — 32% AUM from major funds: 28 of 112 holders rank in the top 100 by AUM, accounting for 32% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held INBK?

63% of holders stayed for 2+ years: 71 out of 112 hedge funds have held INBK for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.