1st Source
SRCE
104 hedge funds and large institutions have $516M invested in 1st Source in 2015 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 39 increasing their positions, 28 reducing their positions, and 8 closing their positions.
100% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 8
39% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 28
7% more funds holding
Funds holding: 97 → 104 (+7)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less capital invested
Capital invested by funds: $523M → $516M (-$7.06M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
+$9.45M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$9.03M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$5.94M |
| 4 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
+$3.2M |
| 5 |
BCM
Basswood Capital Management
New York
|
+$2.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1SB
1ST Source Bank
South Bend,
Indiana
|
-$39.1M |
| 2 |
RP
Reinhart Partners
Mequon,
Wisconsin
|
-$2.27M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
-$1.42M |
| 4 |
PCM
Piermont Capital Management
St. Louis,
Missouri
|
-$1.32M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.06M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
101
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $14.5K | +$5.94M | +185,571 | +65% |
|
102
BlackRock
New York
| $12K | – | – | – |
|
|
MFS
103
MSI Financial Services
Springfield,
Massachusetts
| $7K | +$5.8K | +181 | +369% |
|
|
DA
104
Denali Advisors
San Diego,
California
| $2K | – | – | – |
|
|
BMCMI
105
Bryn Mawr Capital Management Inc
Bryn Mawr,
Pennsylvania
| – | -$2.1M | -68,054 | Closed |
|
|
PCM
106
Piermont Capital Management
St. Louis,
Missouri
| – | -$1.32M | -42,727 | Closed |
|
107
Arrowstreet Capital
Boston,
Massachusetts
| – | -$942K | -30,585 | Closed |
|
|
ZIM
108
Zacks Investment Management
Chicago,
Illinois
| – | -$886K | -28,763 | Closed |
|
|
MC
109
Menta Capital
San Francisco,
California
| – | -$358K | -11,612 | Closed |
|
|
PP
110
PDT Partners
New York
| – | -$343K | -11,135 | Closed |
|
|
FQ
111
First Quadrant
Glendale,
California
| – | -$64K | -2,090 | Closed |
|
112
Barclays
London,
United Kingdom
| – | -$3K | -86 | Closed |
|
SRCE Hedge Fund Activity: Q4 2015 in Review
104 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in 1st Source (SRCE) for Q4 2015, worth a combined $516M — down 1.4% from $523M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new SRCE positions and 8 closed out — a net gain of 8 holders — while 39 added to existing stakes and 28 trimmed.
The largest buyer was Maltese Capital Management, opening a new position worth an estimated $9.45M. The largest seller was 1ST Source Bank, cutting an estimated $39.1M.
- 104 institutional investors held 1st Source (SRCE) as of Q4 2015, up from 97 in Q3 2015.
- Funds reported $516M of 1st Source stock for Q4 2015, down 1.4% quarter-over-quarter.
- 16 funds opened new 1st Source positions in Q4 2015 and 8 closed out, a net change of +8 holders.
- The largest 1st Source buyer in Q4 2015 was Maltese Capital Management, an estimated $9.45M added.
- The largest 1st Source seller in Q4 2015 was 1ST Source Bank, an estimated $39.1M sold.
Based on aggregated 13F filings for Q4 2015.