1st Source
SRCE
86 hedge funds and large institutions have $417M invested in 1st Source in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 36 increasing their positions, 28 reducing their positions, and 5 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
29% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 28
13% more capital invested
Capital invested by funds: $368M → $417M (+$48.9M)
4% more funds holding
Funds holding: 83 → 86 (+3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RP
Reinhart Partners
Mequon,
Wisconsin
|
+$2.42M |
| 2 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$1.16M |
| 3 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$1.15M |
| 4 |
LSV Asset Management
Chicago,
Illinois
|
+$753K |
| 5 |
BG
BlackRock Group
London,
United Kingdom
|
+$709K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BMCMI
Bryn Mawr Capital Management Inc
Bryn Mawr,
Pennsylvania
|
-$3.12M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.63M |
| 3 |
FG
FSI Group
Cincinnati,
Ohio
|
-$883K |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$867K |
| 5 |
KeyBank National Association
Cleveland,
Ohio
|
-$672K |
SRCE Hedge Fund Activity: Q3 2013 in Review
86 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in 1st Source (SRCE) for Q3 2013, worth a combined $417M — up 13% from $368M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new SRCE positions and 5 closed out — a net gain of 4 holders — while 36 added to existing stakes and 28 trimmed.
The largest buyer was Reinhart Partners, opening a new position worth an estimated $2.42M. The largest seller was Bryn Mawr Capital Management Inc, cutting an estimated $3.12M.
- 86 institutional investors held 1st Source (SRCE) as of Q3 2013, up from 83 in Q2 2013.
- Funds reported $417M of 1st Source stock for Q3 2013, up 13% quarter-over-quarter.
- 9 funds opened new 1st Source positions in Q3 2013 and 5 closed out, a net change of +4 holders.
- The largest 1st Source buyer in Q3 2013 was Reinhart Partners, an estimated $2.42M added.
- The largest 1st Source seller in Q3 2013 was Bryn Mawr Capital Management Inc, an estimated $3.12M sold.
Based on aggregated 13F filings for Q3 2013.