1st Source
SRCE
96 hedge funds and large institutions have $474M invested in 1st Source in 2014 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 48 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
2% more funds holding
Funds holding: 94 → 96 (+2)
6% less capital invested
Capital invested by funds: $503M → $474M (-$28.7M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
58% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 48
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$5.83M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
+$1.72M |
| 3 |
RP
Reinhart Partners
Mequon,
Wisconsin
|
+$1.16M |
| 4 |
Two Sigma Investments
New York
|
+$452K |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$448K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$4.54M |
| 2 |
BMCMI
Bryn Mawr Capital Management Inc
Bryn Mawr,
Pennsylvania
|
-$3.04M |
| 3 |
Morgan Stanley
New York
|
-$1.75M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$1.65M |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$1.29M |
SRCE Hedge Fund Activity: Q2 2014 in Review
96 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in 1st Source (SRCE) for Q2 2014, worth a combined $474M — down 5.7% from $503M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new SRCE positions and 4 closed out — a net gain of 2 holders — while 20 added to existing stakes and 48 trimmed.
The largest buyer was Norges Bank, adding an estimated $5.83M. The largest seller was Fidelity Investments, cutting an estimated $4.54M.
- 96 institutional investors held 1st Source (SRCE) as of Q2 2014, up from 94 in Q1 2014.
- Funds reported $474M of 1st Source stock for Q2 2014, down 5.7% quarter-over-quarter.
- 6 funds opened new 1st Source positions in Q2 2014 and 4 closed out, a net change of +2 holders.
- The largest 1st Source buyer in Q2 2014 was Norges Bank, an estimated $5.83M added.
- The largest 1st Source seller in Q2 2014 was Fidelity Investments, an estimated $4.54M sold.
Based on aggregated 13F filings for Q2 2014.