1st Source
SRCE
105 hedge funds and large institutions have $860M invested in 1st Source in 2017 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 29 increasing their positions, 45 reducing their positions, and 17 closing their positions.
10% more capital invested
Capital invested by funds: $785M → $860M (+$74.6M)
0.13% more ownership
Funds ownership: 67.98% → 68.11% (+0.13%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9% less funds holding
Funds holding: 115 → 105 (-10)
24% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 17
36% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 45
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$49.2M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$36.4M |
| 3 |
PIM
Perkins Investment Management
Chicago,
Illinois
|
+$10.8M |
| 4 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
+$3.89M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$3.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Prudential Financial
Newark,
New Jersey
|
-$5.63M |
| 2 |
1SB
1ST Source Bank
South Bend,
Indiana
|
-$5.32M |
| 3 |
BA
Boston Advisors
Boston,
Massachusetts
|
-$3.59M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.39M |
| 5 |
SCA
Stieven Capital Advisors
St. Louis,
Missouri
|
-$2.25M |
SRCE Hedge Fund Activity: Q1 2017 in Review
105 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in 1st Source (SRCE) for Q1 2017, worth a combined $860M — up 9.5% from $785M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of SRCE and 13 opened new positions — a net loss of 4 holders — while 45 trimmed existing stakes and 29 added.
The largest buyer was BlackRock, adding an estimated $49.2M. The largest seller was Prudential Financial, cutting an estimated $5.63M.
- 105 institutional investors held 1st Source (SRCE) as of Q1 2017, down from 115 in Q4 2016.
- Funds reported $860M of 1st Source stock for Q1 2017, up 9.5% quarter-over-quarter.
- 13 funds opened new 1st Source positions in Q1 2017 and 17 closed out, a net change of -4 holders.
- The largest 1st Source buyer in Q1 2017 was BlackRock, an estimated $49.2M added.
- The largest 1st Source seller in Q1 2017 was Prudential Financial, an estimated $5.63M sold.
Based on aggregated 13F filings for Q1 2017.