Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

First Internet Bancorp (INBK)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +1
Streak
1Q ▲
Buyers last Q
54%

Smart Money Signals — INBK

Based on 115 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added INBK than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
115 funds currently hold this stock — 93% 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 — 7% fewer funds vs a year ago

fund count last 6Q
9 fewer hedge funds hold INBK compared to a year ago (-7% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 54% buying

59 buying51 selling
Last quarter: 59 funds bought or added vs 51 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~16 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 12 → 12 → 19 → 16. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 21% medium ■ 19% new
69 out of 115 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.
📈

Growing discovery — still being found

21 → 12 → 12 → 19 → 16 new funds/Q
New funds entering each quarter: 12 → 12 → 19 → 16. A growing number of institutions are discovering INBK each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 66% veterans vs 23% newcomers

■ 66% veterans ■ 11% 1-2yr ■ 23% new
Entry-cohort mix of 116 holders: 76 (66%) are 2+ year veterans, 13 entered 1–2 years ago, and 27 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 33% AUM from major funds

33% from top-100 AUM funds
35 of 115 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — 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.

Institutional Sentiment Summary — INBK

In 2026 Q1, 59 hedge funds were net buyers of INBK (16 opened a new position, 43 added to an existing one), while 51 reduced or exited (36 trimmed, 15 sold completely) — a 54% buyer ratio, indicating a slight buying edge. 33% of total institutional value in INBK is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 115.

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

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy First Internet Bancorp (INBK) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much INBK has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 78d ago
INBK
+26.5%
XLF
+1220.3%

INBK outperformed XLF by -1193.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
INBK
+11.3%
XLF
+4.8%

Since the filing became public, INBK outperformed XLF by +6.5% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

14 top-rated funds 1 high-conviction
Consensus
5.1
/ 10
breadth
×
Elite
1.5
/ 10
conviction
Hedge Fund Positioning: INBK
114 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 114 114 -
13F Shares 6M 6M 0.85%
Total Value $114M $125M -8.7%
New Positions 15 19 -4
Increased Positions 43 40 +3
Closed Positions 15 21 -6
Reduced Positions 36 41 -5
Total Calls 1 0 100%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: INBK

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

114 + investors

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

QUARTER:
Top 25 INBK holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Simcoe Capital LLC 3.22% 172,092 $3.5M
2 Aegis Financial Corp 1.24% 354,261 $7.2M
3 Caldwell Sutter Capital, INC. 0.64% 76,899 $1.6M
4 Banc Funds Co LLC 0.62% 162,176 $3.3M
5 Heartland Advisors Inc 0.40% 384,900 $7.8M
6 Gator Capital Management, LLC 0.32% 77,174 $1.6M
7 Odyssean, LLC 0.09% 11,607 $237K
8 First Financial Corp /In/ 0.05% 6,000 $122K
9 Inscription Capital, LLC 0.03% 12,089 $246K
10 Sapient Capital LLC 0.02% 77,807 $1.6M
11 Bridgeway Capital Management, LLC 0.02% 45,229 $922K
12 Fiduciary Trust Co 0.02% 64,922 $1.3M
13 Valeo Financial Advisors, LLC 0.01% 24,595 $501K
14 Oxford Financial Group, LTD. LLC 0.01% 9,834 $200K
15 Versant Capital Management, Inc 0.01% 5,157 $105K
16 Donaldson Capital Management, LLC 0.01% 14,250 $290K
17 Hotchkis & Wiley Capital Management LLC 0.01% 149,046 $3.0M
18 Jacobs Levy Equity Management, Inc 0.01% 108,340 $2.2M
19 First Merchants Corp 0.01% 11,172 $228K
20 Sowell Financial Services LLC 0.01% 11,123 $227K
21 XTX Topco Ltd 0.01% 17,852 $364K
22 Quantinno Capital Management LP 0.01% 162,421 $3.3M
23 State of Wisconsin Investment Board 0.01% 109,716 $2.2M
24 Jump Financial, LLC 0.01% 18,500 $377K
25 Trexquant Investment LP 0.00% 33,952 $692K
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?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added INBK than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for INBK?

Slight buying edge — 54% buying: Last quarter: 59 funds bought or added vs 51 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for INBK holders?

Strong quality — 33% AUM from major funds: 35 of 115 holders rank in the top 100 by AUM, accounting for 33% 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?

60% of holders stayed for 2+ years: 69 out of 115 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.

Is it too late to buy First Internet Bancorp (INBK) following the 2026 Q1 hedge fund 13F filings?

As of today, INBK has moved +11.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of +6.5%. Since the quarter end (March 31, 2026), INBK has gained +26.5% vs +1220.3% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

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