1st Source
SRCE
132 hedge funds and large institutions have $778M invested in 1st Source in 2023 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 54 increasing their positions, 36 reducing their positions, and 28 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 36
0.23% less ownership
Funds ownership: 73.26% → 73.03% (-0.23%)
8% less funds holding
Funds holding: 144 → 132 (-12)
11% less capital invested
Capital invested by funds: $870M → $778M (-$91.6M)
43% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 28
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
85% less call options, than puts
Call options by funds: $69K | Put options by funds: $457K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$2.67M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$2M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.25M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$1.21M |
| 5 |
State Street
Boston,
Massachusetts
|
+$1.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$2.5M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
-$1.97M |
| 3 |
EGI
EAM Global Investors
Solana Beach,
California
|
-$1.3M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$1.22M |
| 5 |
RP
Reinhart Partners
Mequon,
Wisconsin
|
-$1.11M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACM
151
Aquatic Capital Management
Chicago,
Illinois
| – | -$80K | -1,500 | Closed |
|
152
Lazard Asset Management
New York
| – | -$29K | -547 | Closed |
|
|
MMG
153
Monetary Management Group
St Louis,
Missouri
| – | -$10.7K | -202 | Closed |
|
|
AF
154
Advisornet Financial
Minnetonka,
Minnesota
| – | -$5.31K | -100 | Closed |
|
|
SCA
155
Stonebridge Capital Advisors
St Paul,
Minnesota
| – | -$5.31K | -100 | Closed |
|
|
TC
156
Truvestments Capital
Sarasota,
Florida
| – | -$3.77K | -71 | Closed |
|
|
AWM
157
Accurate Wealth Management
Wesley Chapel,
Florida
| – | -$2.46K | -47 | Closed |
|
|
NA
158
NewEdge Advisors
New Orleans,
Louisiana
| – | -$1 | -14 | Closed |
|
|
C
159
Covestor
London,
United Kingdom
| – | +$49 | +1 | +20% |
|
160
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | +$391 | +8 | New |
|
SRCE Hedge Fund Activity: Q1 2023 in Review
132 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in 1st Source (SRCE) for Q1 2023, worth a combined $778M — down 11% from $870M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of SRCE and 16 opened new positions — a net loss of 12 holders — while 36 trimmed existing stakes and 54 added.
The largest buyer was Millennium Management, adding an estimated $2.67M. The largest seller was BlackRock, cutting an estimated $2.5M.
- 132 institutional investors held 1st Source (SRCE) as of Q1 2023, down from 144 in Q4 2022.
- Funds reported $778M of 1st Source stock for Q1 2023, down 11% quarter-over-quarter.
- 16 funds opened new 1st Source positions in Q1 2023 and 28 closed out, a net change of -12 holders.
- The largest 1st Source buyer in Q1 2023 was Millennium Management, an estimated $2.67M added.
- The largest 1st Source seller in Q1 2023 was BlackRock, an estimated $2.5M sold.
Based on aggregated 13F filings for Q1 2023.