1st Source
SRCE
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.
113% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 8
99% more capital inflows, than outflows
Capital inflows: $37.9M | Capital outflows: $19M
19% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 36
8% more funds holding
Funds holding: 106 → 115 (+9)
1.79% more ownership
Funds ownership: 66.18% → 67.98% (+1.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock Fund Advisors
San Francisco,
California
|
+$2.96M |
| 2 |
BlackRock Institutional Trust
San Francisco,
California
|
+$2.49M |
| 3 |
1ST Source Bank
South Bend,
Indiana
|
+$2.37M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$2.15M |
| 5 |
ClariVest Asset Management
San Diego,
California
|
+$2.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
River Road Asset Management
Louisville,
Kentucky
|
-$6.54M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$1.7M |
| 3 |
CEP
Chicago Equity Partners
Chicago,
Illinois
|
-$1.58M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.26M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$1.02M |
SRCE Hedge Fund Activity: Q4 2016 in Review
115 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in 1st Source (SRCE) for Q4 2016, worth a combined $785M — up 29% from $611M 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.