1st Source
SRCE
133 hedge funds and large institutions have $753M invested in 1st Source in 2023 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 44 increasing their positions, 43 reducing their positions, and 4 closing their positions.
375% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 4
12% more funds holding
Funds holding: 119 → 133 (+14)
2% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 43
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less capital invested
Capital invested by funds: $764M → $753M (-$11M)
1.61% less ownership
Funds ownership: 74.04% → 72.42% (-1.6%)
58% less call options, than puts
Call options by funds: $101K | Put options by funds: $240K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAM
Oberweis Asset Management
Lisle,
Illinois
|
+$2.49M |
| 2 |
Millennium Management
New York
|
+$1.42M |
| 3 |
YIH
Y-Intercept (HK)
Hong Kong
|
+$1.4M |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$1.25M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$1.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1SB
1ST Source Bank
South Bend,
Indiana
|
-$11.6M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$5.1M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$3.21M |
| 4 |
RP
Reinhart Partners
Mequon,
Wisconsin
|
-$2.93M |
| 5 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$2.77M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PA
126
Parallel Advisors
San Francisco,
California
| $1.3K | – | – | – |
|
127
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $1K | – | – | – |
|
|
FFA
128
Farther Finance Advisors
San Francisco,
California
| $842 | – | – | – |
|
|
GWS
129
Glassman Wealth Services
Vienna,
Virginia
| $758 | – | – | – |
|
130
Nisa Investment Advisors
St. Louis,
Missouri
| $758 | – | – | – |
|
|
TWP
131
TFO Wealth Partners
Maumee,
Ohio
| $210 | +$223 | +5 | New |
|
|
TWC
132
TD Waterhouse Canada
Toronto,
Ontario, Canada
| $42 | – | – | – |
|
133
SEI Investments
Oaks,
Pennsylvania
| – | -$229K | -5,472 | Closed |
|
|
SF
134
Safeguard Financial
Minocqua,
Wisconsin
| – | -$52K | -1,251 | Closed |
|
|
HCA
135
Harbor Capital Advisors
Chicago,
Illinois
| – | -$28.6K | -681 | Closed |
|
|
LC
136
Lindbrook Capital
Calabasas,
California
| – | -$461 | -11 | Closed |
|
|
C
137
Covestor
London,
United Kingdom
| – | -$89 | -2 | -29% |
|
SRCE Hedge Fund Activity: Q3 2023 in Review
133 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in 1st Source (SRCE) for Q3 2023, worth a combined $753M — down 1.4% from $764M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new SRCE positions and 4 closed out — a net gain of 15 holders — while 44 added to existing stakes and 43 trimmed.
The largest buyer was Oberweis Asset Management, opening a new position worth an estimated $2.49M. The largest seller was 1ST Source Bank, cutting an estimated $11.6M.
- 133 institutional investors held 1st Source (SRCE) as of Q3 2023, up from 119 in Q2 2023.
- Funds reported $753M of 1st Source stock for Q3 2023, down 1.4% quarter-over-quarter.
- 19 funds opened new 1st Source positions in Q3 2023 and 4 closed out, a net change of +15 holders.
- The largest 1st Source buyer in Q3 2023 was Oberweis Asset Management, an estimated $2.49M added.
- The largest 1st Source seller in Q3 2023 was 1ST Source Bank, an estimated $11.6M sold.
Based on aggregated 13F filings for Q3 2023.