1st Source
SRCE
116 hedge funds and large institutions have $602M invested in 1st Source in 2020 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 44 increasing their positions, 41 reducing their positions, and 19 closing their positions.
7% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 41
0.45% more ownership
Funds ownership: 72.28% → 72.72% (+0.45%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
9% less funds holding
Funds holding: 128 → 116 (-12)
37% less capital invested
Capital invested by funds: $957M → $602M (-$355M)
53% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$4.1M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$4.08M |
| 3 |
RP
Reinhart Partners
Mequon,
Wisconsin
|
+$3.29M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$1.48M |
| 5 |
1SB
1ST Source Bank
South Bend,
Indiana
|
+$1.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$3.66M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
-$1.76M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$1.75M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.46M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
-$1.15M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
New York State Teachers Retirement System (NYSTRS)
Albany,
New York
| – | -$240K | -4,622 | Closed |
|
127
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$227K | -4,382 | Closed |
|
|
HF
128
HRT Financial
New York
| – | -$224K | -4,323 | Closed |
|
129
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
| – | -$219K | -4,225 | Closed |
|
|
FQ
130
First Quadrant
Glendale,
California
| – | -$108K | -2,091 | Closed |
|
131
Marshall Wace
London,
United Kingdom
| – | -$41K | -798 | Closed |
|
|
MMG
132
Monetary Management Group
St Louis,
Missouri
| – | -$10K | -202 | Closed |
|
|
CAW
133
Cornerstone Advisors (Washington)
Bellevue,
Washington
| – | -$9K | -181 | Closed |
|
SRCE Hedge Fund Activity: Q1 2020 in Review
116 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in 1st Source (SRCE) for Q1 2020, worth a combined $602M — down 37% from $957M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of SRCE and 9 opened new positions — a net loss of 10 holders — while 41 trimmed existing stakes and 44 added.
The largest buyer was Renaissance Technologies, adding an estimated $4.1M. The largest seller was Emerald Mutual Fund Advisers Trust, exiting entirely with an estimated $3.66M sold.
- 116 institutional investors held 1st Source (SRCE) as of Q1 2020, down from 128 in Q4 2019.
- Funds reported $602M of 1st Source stock for Q1 2020, down 37% quarter-over-quarter.
- 9 funds opened new 1st Source positions in Q1 2020 and 19 closed out, a net change of -10 holders.
- The largest 1st Source buyer in Q1 2020 was Renaissance Technologies, an estimated $4.1M added.
- The largest 1st Source seller in Q1 2020 was Emerald Mutual Fund Advisers Trust, an estimated $3.66M sold.
Based on aggregated 13F filings for Q1 2020.