1st Source
SRCE
118 hedge funds and large institutions have $912M invested in 1st Source in 2017 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 29 increasing their positions, 47 reducing their positions, and 8 closing their positions.
75% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 8
4% more funds holding
Funds holding: 113 → 118 (+5)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.48% less ownership
Funds ownership: 71.59% → 71.11% (-0.48%)
3% less capital invested
Capital invested by funds: $943M → $912M (-$31.3M)
38% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 47
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$8M |
| 2 |
Janus Henderson Group
London,
United Kingdom
|
+$4.78M |
| 3 |
State Street
Boston,
Massachusetts
|
+$1.82M |
| 4 |
Morgan Stanley
New York
|
+$1.46M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$1.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1SB
1ST Source Bank
South Bend,
Indiana
|
-$5.92M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$4.92M |
| 3 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$3.56M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$2.98M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$2.98M |
SRCE Hedge Fund Activity: Q4 2017 in Review
118 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in 1st Source (SRCE) for Q4 2017, worth a combined $912M — down 3.3% from $943M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new SRCE positions and 8 closed out — a net gain of 6 holders — while 29 added to existing stakes and 47 trimmed.
The largest buyer was Millennium Management, adding an estimated $8M. The largest seller was 1ST Source Bank, cutting an estimated $5.92M.
- 118 institutional investors held 1st Source (SRCE) as of Q4 2017, up from 113 in Q3 2017.
- Funds reported $912M of 1st Source stock for Q4 2017, down 3.3% quarter-over-quarter.
- 14 funds opened new 1st Source positions in Q4 2017 and 8 closed out, a net change of +6 holders.
- The largest 1st Source buyer in Q4 2017 was Millennium Management, an estimated $8M added.
- The largest 1st Source seller in Q4 2017 was 1ST Source Bank, an estimated $5.92M sold.
Based on aggregated 13F filings for Q4 2017.