1st Source
SRCE
96 hedge funds and large institutions have $538M invested in 1st Source in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 38 increasing their positions, 30 reducing their positions, and 12 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 30
4% more capital invested
Capital invested by funds: $516M → $538M (+$22.3M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less funds holding
Funds holding: 104 → 96 (-8)
67% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.98M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$3.77M |
| 3 |
NI
Numeric Investors
Boston,
Massachusetts
|
+$890K |
| 4 |
Renaissance Technologies
New York
|
+$554K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$497K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Maltese Capital Management
New York
|
-$6.43M |
| 2 |
BCM
Basswood Capital Management
New York
|
-$2.57M |
| 3 |
HAI
Hennessy Advisors Inc
Novato,
California
|
-$1.85M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.08M |
| 5 |
Millennium Management
New York
|
-$975K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CIA
101
Capital Impact Advisors
Boston,
Massachusetts
| – | -$640K | -20,741 | Closed |
|
102
Two Sigma Investments
New York
| – | -$354K | -11,473 | Closed |
|
|
AL
103
AJO LP
Philadelphia,
Pennsylvania
| – | -$258K | -8,348 | Closed |
|
104
Victory Capital Management
San Antonio,
Texas
| – | -$102K | -3,302 | Closed |
|
|
CGT
105
Capital Guardian Trust
Los Angeles,
California
| – | -$77K | -2,480 | Closed |
|
|
TRCT
106
Tower Research Capital (TRC)
New York
| – | -$61K | -1,972 | Closed |
|
107
SEI Investments
Oaks,
Pennsylvania
| – | -$56K | -1,819 | Closed |
|
108
KBC Group
Brussels,
Belgium
| – | -$31K | -999 | Closed |
|
SRCE Hedge Fund Activity: Q1 2016 in Review
96 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in 1st Source (SRCE) for Q1 2016, worth a combined $538M — up 4.3% from $516M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of SRCE and 4 opened new positions — a net loss of 8 holders — while 30 trimmed existing stakes and 38 added.
The largest buyer was Vanguard Group, adding an estimated $5.98M. The largest seller was Maltese Capital Management, cutting an estimated $6.43M.
- 96 institutional investors held 1st Source (SRCE) as of Q1 2016, down from 104 in Q4 2015.
- Funds reported $538M of 1st Source stock for Q1 2016, up 4.3% quarter-over-quarter.
- 4 funds opened new 1st Source positions in Q1 2016 and 12 closed out, a net change of -8 holders.
- The largest 1st Source buyer in Q1 2016 was Vanguard Group, an estimated $5.98M added.
- The largest 1st Source seller in Q1 2016 was Maltese Capital Management, an estimated $6.43M sold.
Based on aggregated 13F filings for Q1 2016.