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1st Source

115 hedge funds and large institutions have $785M invested in 1st Source in 2016 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 43 increasing their positions, 36 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

113% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 8

67.98% more ownership

Funds ownership: 0%67.98% (+68%)

29% more capital invested

Capital invested by funds: $609M → $785M (+$177M)

19% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 36

8% more funds holding

Funds holding: 106115 (+9)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

Holders
115
Holders Change
+9
Holders Change %
+8.49%
% of All Funds
2.88%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
17
Increased
43
Reduced
36
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
1SB
1
1ST Source Bank
Indiana
$334M +$2.37M +61,228 +0.8%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$99M -$755K -19,547 -0.9%
Vanguard Group
3
Vanguard Group
Pennsylvania
$33M +$1.91M +49,333 +7%
Manulife (Manufacturers Life Insurance)
4
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$26.9M +$528K +13,680 +2%
BIT
5
BlackRock Institutional Trust
California
$23.3M +$2.49M +64,471 +14%
AllianceBernstein
6
AllianceBernstein
Tennessee
$22.4M -$1.7M -43,920 -8%
BFA
7
BlackRock Fund Advisors
California
$21.4M +$2.96M +76,681 +19%
State Street
8
State Street
Massachusetts
$13.6M +$1.08M +27,935 +10%
JP Morgan Chase
9
JP Morgan Chase
New York
$12.8M +$136K +3,525 +1%
Wellington Management Group
10
Wellington Management Group
Massachusetts
$11.8M -$649K -16,802 -6%
Norges Bank
11
Norges Bank
Norway
$11.2M +$1.93M +50,000 +25%
Northern Trust
12
Northern Trust
Illinois
$10.7M +$226K +5,839 +2%
BTW
13
Boston Trust Walden
Massachusetts
$9.91M -$292K -7,569 -3%
Fidelity Investments
14
Fidelity Investments
Massachusetts
$9.84M +$2.15M +55,700 +34%
Prudential Financial
15
Prudential Financial
New Jersey
$7.14M +$579K +15,000 +10%
Geode Capital Management
16
Geode Capital Management
Massachusetts
$6.7M +$259K +6,702 +5%
BCM
17
Bridgeway Capital Management
Texas
$6.46M
Bank of New York Mellon
18
Bank of New York Mellon
New York
$4.96M +$394K +10,195 +10%
KCM
19
Kennedy Capital Management
Missouri
$4.82M +$1.53M +39,536 +58%
Charles Schwab
20
Charles Schwab
California
$4.82M +$141K +3,658 +4%
LSV Asset Management
21
LSV Asset Management
Illinois
$4.67M -$93.4K -2,418 -2%
EMFAT
22
Emerald Mutual Fund Advisers Trust
Pennsylvania
$4.47M
Renaissance Technologies
23
Renaissance Technologies
New York
$4.35M +$30.9K +800 +0.8%
MAM
24
Martingale Asset Management
Massachusetts
$4.33M +$1.55M +40,008 +70%
First Trust Advisors
25
First Trust Advisors
Illinois
$4.3M +$1.1M +28,522 +42%

SRCE Hedge Fund Activity: Q4 2016 in Review

115 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in 1st Source (SRCE) for Q4 2016, worth a combined $785M — up 29% from $609M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new SRCE positions and 8 closed out — a net gain of 9 holders — while 43 added to existing stakes and 36 trimmed.

The largest buyer was BlackRock Fund Advisors, adding an estimated $2.96M. The largest seller was River Road Asset Management, exiting entirely with an estimated $6.54M sold.

  • 115 institutional investors held 1st Source (SRCE) as of Q4 2016, up from 106 in Q3 2016.
  • Funds reported $785M of 1st Source stock for Q4 2016, up 29% quarter-over-quarter.
  • 17 funds opened new 1st Source positions in Q4 2016 and 8 closed out, a net change of +9 holders.
  • The largest 1st Source buyer in Q4 2016 was BlackRock Fund Advisors, an estimated $2.96M added.
  • The largest 1st Source seller in Q4 2016 was River Road Asset Management, an estimated $6.54M sold.

Based on aggregated 13F filings for Q4 2016.