Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

First Internet Bancorp (INBK)

116 + 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
↑ +2
Streak
2Q ▲
Buyers last Q
56%

Smart Money Signals — INBK

Based on 117 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, 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 — 94% of 3.0Y peak

94% of all-time peak
117 funds currently hold this stock — 94% 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.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding INBK is almost the same as a year ago (+1 funds, +1% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 56% buying

60 buying47 selling
Last quarter: 60 funds bought or added vs 47 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 — ~14 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 12 → 19 → 16 → 14. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 21% medium ■ 21% new
68 out of 117 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.
💰

Value +36% but shares only +1% — price-driven

Value
+36%
Shares
+1%
Last quarter: the total dollar value of institutional holdings rose +36%, but actual share count only changed +1%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
➡️

Steady discovery — ~14 new funds/quarter

12 → 12 → 19 → 16 → 14 new funds/Q
New funds entering each quarter: 12 → 19 → 16 → 14. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 64% veterans vs 23% newcomers

■ 64% veterans ■ 13% 1-2yr ■ 23% new
Entry-cohort mix of 118 holders: 76 (64%) are 2+ year veterans, 15 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.
🏆

Elite ownership — 48% AUM from top-100 funds

48% from top-100 AUM funds
39 of 117 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in INBK. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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 Q2, 60 hedge funds were net buyers of INBK (14 opened a new position, 46 added to an existing one), while 47 reduced or exited (35 trimmed, 12 sold completely) — a 56% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 48% of total institutional value in INBK is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 117.

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.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

8 top-rated funds 2 high-conviction
Consensus
4.1
/ 10
breadth
×
Elite
1.8
/ 10
conviction
Hedge Fund Positioning: INBK
116 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 116 115 0.87%
13F Shares 6M 6M 1.14%
Total Value $155M $114M 35.88%
New Positions 14 16 -2
Increased Positions 44 43 +1
Closed Positions 13 15 -2
Reduced Positions 35 36 -1
Total Calls 1 1 -
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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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

116 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Simcoe Capital LLC 3.54% 208,777 $5.8M
2 Aegis Financial Corp 1.56% 354,261 $9.8M
3 Caldwell Sutter Capital, INC. 0.79% 74,899 $2.1M
4 Banc Funds Co LLC 0.74% 162,176 $4.5M
5 Heartland Advisors Inc 0.47% 375,900 $10.5M
6 Gator Capital Management, LLC 0.46% 78,990 $2.2M
7 Odyssean, LLC 0.07% 15,407 $428K
8 First Financial Corp /In/ 0.06% 6,000 $167K
9 Inscription Capital, LLC 0.03% 12,196 $339K
10 Sapient Capital LLC 0.03% 77,807 $2.2M
11 Bridgeway Capital Management, LLC 0.02% 45,229 $1.3M
12 Fiduciary Trust Co 0.02% 54,828 $1.5M
13 Valeo Financial Advisors, LLC 0.01% 24,200 $673K
14 Oxford Financial Group, LTD. LLC 0.01% 9,834 $273K
15 Versant Capital Management, Inc 0.01% 5,533 $154K
16 Hotchkis & Wiley Capital Management LLC 0.01% 148,546 $4.1M
17 Donaldson Capital Management, LLC 0.01% 14,250 $396K
18 First Merchants Corp 0.01% 11,172 $311K
19 Jacobs Levy Equity Management, Inc 0.01% 100,345 $2.8M
20 Woodley Farra Manion Portfolio Management Inc 0.01% 7,460 $208K
21 Trexquant Investment LP 0.01% 60,694 $1.7M
22 Sowell Financial Services LLC 0.01% 10,642 $296K
23 Quantinno Capital Management LP 0.01% 199,891 $5.6M
24 XTX Topco Ltd 0.01% 16,842 $468K
25 Graham Capital Management, L.P. 0.00% 7,799 $217K
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 — 2 quarters in a row: For 2 consecutive quarters, 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 — 56% buying: Last quarter: 60 funds bought or added vs 47 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?

Elite ownership — 48% AUM from top-100 funds: 39 of 117 holders are among the 100 largest funds by AUM, controlling 48% of total institutional value in INBK. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held INBK?

58% of holders stayed for 2+ years: 68 out of 117 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.

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