1st Source
SRCE
104 hedge funds and large institutions have $530M invested in 1st Source in 2015 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 38 increasing their positions, 29 reducing their positions, and 8 closing their positions.
100% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 8
31% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 29
7% more funds holding
Funds holding: 97 → 104 (+7)
0.15% more ownership
Funds ownership: 66.15% → 66.3% (+0.15%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less capital inflows, than outflows
Capital inflows: $49.8M | Capital outflows: $52.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Maltese Capital Management
New York
|
+$9.45M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$9.03M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$5.94M |
| 4 |
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
+$3.2M |
| 5 |
Basswood Capital Management
New York
|
+$2.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1ST Source Bank
South Bend,
Indiana
|
-$39.1M |
| 2 |
Reinhart Partners
Mequon,
Wisconsin
|
-$2.27M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
-$1.42M |
| 4 |
PCM
Piermont Capital Management
St. Louis,
Missouri
|
-$1.32M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.06M |
SRCE Hedge Fund Activity: Q4 2015 in Review
104 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in 1st Source (SRCE) for Q4 2015, worth a combined $530M — down 0.26% from $531M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new SRCE positions and 8 closed out — a net gain of 8 holders — while 38 added to existing stakes and 29 trimmed.
The largest buyer was Maltese Capital Management, opening a new position worth an estimated $9.45M. The largest seller was 1ST Source Bank, cutting an estimated $39.1M.
- 104 institutional investors held 1st Source (SRCE) as of Q4 2015, up from 97 in Q3 2015.
- Funds reported $530M of 1st Source stock for Q4 2015, down 0.26% quarter-over-quarter.
- 16 funds opened new 1st Source positions in Q4 2015 and 8 closed out, a net change of +8 holders.
- The largest 1st Source buyer in Q4 2015 was Maltese Capital Management, an estimated $9.45M added.
- The largest 1st Source seller in Q4 2015 was 1ST Source Bank, an estimated $39.1M sold.
Based on aggregated 13F filings for Q4 2015.