1st Source
SRCE
123 hedge funds and large institutions have $663M invested in 1st Source in 2020 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 49 increasing their positions, 36 reducing their positions, and 7 closing their positions.
129% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 7
36% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 36
11% more capital invested
Capital invested by funds: $599M → $663M (+$64.4M)
6% more funds holding
Funds holding: 116 → 123 (+7)
0.73% more ownership
Funds ownership: 72.34% → 73.07% (+0.73%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$4.64M |
| 2 |
Charles Schwab
San Francisco,
California
|
+$3.79M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$3.37M |
| 4 |
State Street
Boston,
Massachusetts
|
+$2.25M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$1.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$3.98M |
| 2 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$2.89M |
| 3 |
RP
Reinhart Partners
Mequon,
Wisconsin
|
-$2.57M |
| 4 |
Renaissance Technologies
New York
|
-$1.7M |
| 5 |
JP Morgan Chase
New York
|
-$1.22M |
SRCE Hedge Fund Activity: Q2 2020 in Review
123 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in 1st Source (SRCE) for Q2 2020, worth a combined $663M — up 11% from $599M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new SRCE positions and 7 closed out — a net gain of 9 holders — while 49 added to existing stakes and 36 trimmed.
The largest buyer was BlackRock, adding an estimated $4.64M. The largest seller was Millennium Management, cutting an estimated $3.98M.
- 123 institutional investors held 1st Source (SRCE) as of Q2 2020, up from 116 in Q1 2020.
- Funds reported $663M of 1st Source stock for Q2 2020, up 11% quarter-over-quarter.
- 16 funds opened new 1st Source positions in Q2 2020 and 7 closed out, a net change of +9 holders.
- The largest 1st Source buyer in Q2 2020 was BlackRock, an estimated $4.64M added.
- The largest 1st Source seller in Q2 2020 was Millennium Management, an estimated $3.98M sold.
Based on aggregated 13F filings for Q2 2020.