1st Source
SRCE
106 hedge funds and large institutions have $609M invested in 1st Source in 2016 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 46 increasing their positions, 33 reducing their positions, and 8 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 33
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
11% more capital invested
Capital invested by funds: $548M → $609M (+$60.9M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less funds holding
Funds holding: 107 → 106 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$2.35M |
| 2 |
1SB
1ST Source Bank
South Bend,
Indiana
|
+$2.23M |
| 3 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
+$1.9M |
| 4 |
DCM
Dupont Capital Management
Wilmington,
Delaware
|
+$1.46M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$1.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$2.41M |
| 2 |
Millennium Management
New York
|
-$861K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$763K |
| 4 |
Goldman Sachs
New York
|
-$651K |
| 5 |
Two Sigma Investments
New York
|
-$641K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Royal Bank of Canada
Toronto,
Ontario, Canada
| $2K | -$65.5K | -1,912 | -97% |
|
|
TCIM
102
TIAA CREF Investment Management
New York
| $1.82K | -$10.6K | -310 | -0.6% |
|
|
AG
103
Advisor Group
Phoenix,
Arizona
| $1K | – | – | – |
|
|
QI
104
QS Investors
New York
| $1K | – | – | – |
|
|
ACH
105
ArrowMark Colorado Holdings
Denver,
Colorado
| $1K | +$1.37K | +40 | New |
|
106
VOYA Investment Management
Atlanta,
Georgia
| $412 | – | – | – |
|
|
107
Millennium Management
New York
| – | -$861K | -26,579 | Closed |
|
|
108
Two Sigma Investments
New York
| – | -$641K | -19,801 | Closed |
|
|
TC
109
TFS Capital
West Chester,
Pennsylvania
| – | -$408K | -12,610 | Closed |
|
|
HHC
110
Hutchin Hill Capital
New York
| – | -$360K | -11,100 | Closed |
|
|
EA
111
Emerald Acquisition
Seattle,
Washington
| – | -$192K | -5,940 | Closed |
|
112
Axa
Paris,
France
| – | -$133K | -4,100 | Closed |
|
113
Teacher Retirement System of Texas
Austin,
Texas
| – | -$77K | -2,364 | Closed |
|
|
TRCT
114
Tower Research Capital (TRC)
New York
| – | -$29K | -885 | Closed |
|
SRCE Hedge Fund Activity: Q3 2016 in Review
106 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in 1st Source (SRCE) for Q3 2016, worth a combined $609M — up 11% from $548M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new SRCE positions and 8 closed out — a net gain of 1 holder — while 46 added to existing stakes and 33 trimmed.
The largest buyer was Kennedy Capital Management, opening a new position worth an estimated $2.35M. The largest seller was Numeric Investors, cutting an estimated $2.41M.
- 106 institutional investors held 1st Source (SRCE) as of Q3 2016, down from 107 in Q2 2016.
- Funds reported $609M of 1st Source stock for Q3 2016, up 11% quarter-over-quarter.
- 9 funds opened new 1st Source positions in Q3 2016 and 8 closed out, a net change of +1 holder.
- The largest 1st Source buyer in Q3 2016 was Kennedy Capital Management, an estimated $2.35M added.
- The largest 1st Source seller in Q3 2016 was Numeric Investors, an estimated $2.41M sold.
Based on aggregated 13F filings for Q3 2016.