1ST SOURCE CORP SRCE
COM · Common Stock · CUSIP 336901103
- SectorFinancials
- IndustryState Commercial Banks
- HeadquartersSouth Bend, IN
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($7.7m this quarter). Holder counts are more reliable. Shares outstanding: 24.5m as of 2024-07-19, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $53.62. Options: 4 managers hold calls ($674.8k notional), 2 hold puts ($48.3k).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 125 |
| Q4 2022 | 145 |
| Q1 2023 | 133 |
| Q2 2023 | 120 |
| Q3 2023 | 134 |
| Q4 2023 | 142 |
| Q1 2024 | 149 |
| Q2 2024 | 153 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 68 | 62 |
| Q1 2023 | 71 | 63 |
| Q2 2023 | 49 | 69 |
| Q3 2023 | 63 | 47 |
| Q4 2023 | 65 | 53 |
| Q1 2024 | 74 | 56 |
| Q2 2024 | 71 | 63 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $101.0k | $239.9k | 2.38 |
| Q4 2023 | $917.7k | $10.0k | 0.01 |
| Q1 2024 | $89.1k | $88.6k | 0.99 |
| Q2 2024 | $674.8k | $48.3k | 0.07 |
Biggest buyers
| BlackRock Inc. | Added | +159.6k |
| FIRST TRUST ADVISORS LP | Added | +54.9k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +45.3k |
| DENALI ADVISORS LLC | Added | +33.6k |
| MALTESE CAPITAL MANAGEMENT LLC | Added | +25.5k |
| AMERICAN CENTURY COMPANIES INC | Added | +18.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +15.6k |
| Y-Intercept (Hong Kong) Ltd | New | +14.2k |
| JANE STREET GROUP, LLC | New | +13.9k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +12.8k |
Biggest sellers
| 1ST SOURCE BANK | Reduced | -560.5k |
| MORGAN STANLEY | Reduced | -167.9k |
| VANGUARD GROUP INC | Reduced | -69.1k |
| Empowered Funds, LLC | Reduced | -68.8k |
| DEUTSCHE BANK AG\ | Reduced | -61.2k |
| ALLIANCEBERNSTEIN L.P. | Reduced | -60.1k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -22.8k |
| NORGES BANK | Reduced | -22.0k |
| Thrivent Financial for Lutherans | Reduced | -18.2k |
| JPMORGAN CHASE & CO | Reduced | -16.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $498.7k9.3k shares |
| SIMPLEX TRADING, LLC | New | $144.0k2.7k shares |
| CITADEL ADVISORS LLC | Reduced | $32.2k600 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $48.3k900 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-17 | 6.0% |
Fell to 5% or below in the last year: Carmichael Oliver Cromwell III (4.9%, 2026-07-06), VANGUARD GROUP INC (0.0%, 2026-03-25)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 1 | $18.9k | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 1 | $45.2k | 0 | — | — |
| Q2 2023 | 2 | $62.7k | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 1 | $39.2k | — |
| Q2 2024 | 2 | $52.4k | 1 | $97.9k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-06 | Buhr Jeffrey L Executive Vice President | Sold | $97.9k1.9k shares |
| 2024-05-29 | FITZPATRICK DANIEL B Director | Bought | $49.6k1.0k shares |
| 2024-05-15 | BIRMINGHAM MELODY Director | Bought | $2.8k53 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| 1ST SOURCE BANK 19.63% of their portfolio | 6.3m $335.8m | Reduced -560.5k |
| BlackRock Inc. 0.00% of their portfolio | 1.6m $85.6m | Added +159.6k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 1.6m $85.2m | Added +11.5k |
| VANGUARD GROUP INC 0.00% of their portfolio | 872.8k $46.8m | Reduced -69.1k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 842.1k $45.2m | Reduced -22.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 584.5k $31.3m | Reduced -1.7k |
| STATE STREET CORP 0.00% of their portfolio | 558.0k $29.9m | Reduced -6.4k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 555.3k $29.8m | Reduced -60.1k |
| Boston Trust Walden Corp 0.17% of their portfolio | 436.1k $23.4m | Reduced -591 |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 429.7k $23.0m | Added +45.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 269.4k $14.4m | Reduced -14.6k |
| REINHART PARTNERS, LLC. 0.53% of their portfolio | 238.3k $12.8m | Added +818 |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 194.4k $10.4m | Added +54.9k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 174.7k $9.4m | Added +18.0k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.19% of their portfolio | 169.8k $9.1m | Added +8.3k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.21% of their portfolio | 165.3k $8.9m | Added +5.8k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 164.6k $8.8m | Reduced -4.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 145.7k $7.8m | Added +12.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 134.9k $7.2m | Reduced -4.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 133.1k $7.1m | Reduced -16.1k |
| FMR LLC 0.00% of their portfolio | 113.6k $6.1m | Reduced -881 |
| DENALI ADVISORS LLC 1.54% of their portfolio | 105.1k $5.6m | Added +33.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 103.4k $5.5m | Added +11.0k |
| MORGAN STANLEY 0.00% of their portfolio | 85.1k $4.6m | Reduced -167.9k |
| NORGES BANK 0.00% of their portfolio | 81.6k $4.4m | Reduced -22.0k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 81.5k $4.4m | Added +12.1k |
| Empowered Funds, LLC 0.07% of their portfolio | 80.3k $4.3m | Reduced -68.8k |
| DEAN INVESTMENT ASSOCIATES, LLC 0.56% of their portfolio | 73.8k $4.0m | Reduced -5.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 73.4k $3.9m | Added +7.6k |
| ISTHMUS PARTNERS, LLC 0.42% of their portfolio | 66.9k $3.6m | Added +1.9k |
| OBERWEIS ASSET MANAGEMENT INC/ 0.21% of their portfolio | 63.9k $3.4m | Unchanged |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 59.8k $3.2m | Added +500 |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 54.6k $2.9m | Added +9.2k |
| Indiana Trust & Investment Management Co 0.96% of their portfolio | 48.8k $2.6m | Reduced -1.3k |
| MALTESE CAPITAL MANAGEMENT LLC 0.48% of their portfolio | 48.2k $2.6m | Added +25.5k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 48.0k $2.6m | Added +1.9k |
| UBS Group AG 0.00% of their portfolio | 44.3k $2.4m | Reduced -9.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 39.8k $2.1m | Added +5.7k |
| VELA Investment Management, LLC 0.72% of their portfolio | 37.8k $2.0m | Unchanged |
| MARTINGALE ASSET MANAGEMENT L P 0.04% of their portfolio | 37.6k $2.0m | Added +619 |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 37.5k $2.0m | Added +3.8k |
| Values First Advisors, Inc. 1.20% of their portfolio | 37.5k $2.0m | Reduced -4.9k |
| Swiss National Bank 0.00% of their portfolio | 36.2k $1.9m | Reduced -300 |
| Invesco Ltd. 0.00% of their portfolio | 34.1k $1.8m | Reduced -4.8k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 33.9k $1.8m | Reduced -1.2k |
| Linden Thomas Advisory Services, LLC 0.23% of their portfolio | 28.3k $1.5m | Added +438 |
| Legato Capital Management LLC 0.20% of their portfolio | 27.2k $1.5m | Reduced -2 |
| Dean Capital Management 1.88% of their portfolio | 27.2k $1.5m | Reduced -2 |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 25.9k $1.4m | Added +26 |
| Rosenthal | Henry Capital Advisors, Inc. 1.90% of their portfolio | 25.0k $1.3m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 22.9k $1.2m | Added +5.2k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 22.2k $1.2m | Added +1.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 21.9k $1.2m | Added +15.6k |
| Campbell & CO Investment Adviser LLC 0.09% of their portfolio | 20.8k $1.1m | Reduced -3.8k |
| Legal & General Group Plc 0.00% of their portfolio | 18.2k $978.4k | Added +497 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 18.2k $976.4k | Added +7.3k |
| CITIGROUP INC 0.00% of their portfolio | 18.2k $975.6k | Added +2.1k |
| Rafferty Asset Management, LLC 0.00% of their portfolio | 18.2k $973.7k | Added +4.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 17.9k $961.0k | Reduced -219 |
| IFG Advisory, LLC 0.06% of their portfolio | 17.2k $923.9k | Reduced -95 |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 16.6k $887.4k | Reduced -100 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 16.3k $873.0k | Added +1.1k |
| FINANCIAL COUNSELORS INC 0.01% of their portfolio | 16.1k $862.9k | Reduced -378 |
| BARCLAYS PLC 0.00% of their portfolio | 15.8k $849.2k | Reduced -9.4k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.00% of their portfolio | 15.4k $828.0k | Reduced -4.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 15.4k $826.4k | Added +7.3k |
| HARBOR CAPITAL ADVISORS, INC. 0.06% of their portfolio | 14.4k $770.0k | Added +10.5k |
| Y-Intercept (Hong Kong) Ltd 0.04% of their portfolio | 14.2k $763.9k | New |
| BAILARD, INC. 0.02% of their portfolio | 14.0k $750.7k | Unchanged |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 13.9k $746.1k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 12.9k $692.8k | Added +3.0k |
| ZACKS INVESTMENT MANAGEMENT 0.01% of their portfolio | 12.8k $685.5k | Added +60 |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 12.1k $651.1k | New |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 12.0k $644.4k | New |
| ExodusPoint Capital Management, LP 0.01% of their portfolio | 11.2k $602.0k | Added +1.4k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 10.6k $568.7k | Added +2.2k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 10.5k $563.5k | Added +160 |
| Valeo Financial Advisors, LLC 0.02% of their portfolio | 10.5k $562.2k | Added +2.7k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 10.3k $550.6k | Added +1.6k |
| Corebridge Financial, Inc. 0.00% of their portfolio | 9.9k $529.4k | First filing |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 9.2k $476.2k | Reduced -3.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 8.7k $464.6k | Reduced -2.4k |
| LPL Financial LLC 0.00% of their portfolio | 8.4k $451.9k | Added +746 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 8.1k $436.2k | First filing |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 7.9k $422.9k | Reduced -37 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 7.7k $413.0k | Reduced -61.2k |
| WALTER & KEENAN WEALTH MANAGEMENT LLC /IN/ /ADV 0.13% of their portfolio | 7.7k $411.4k | Unchanged |
| Semanteon Capital Management, LP 0.27% of their portfolio | 7.0k $377.9k | Reduced -5 |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 7.0k $374.7k | Added +994 |
| ALPS ADVISORS INC 0.00% of their portfolio | 6.7k $357.9k | Reduced -40 |
| Inspire Investing, LLC 0.04% of their portfolio | 6.6k $354.7k | Reduced -241 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 6.3k $336.3k | Reduced -8.6k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.06% of their portfolio | 6.3k $335.8k | New |
| KFG WEALTH MANAGEMENT, LLC 0.13% of their portfolio | 6.2k $331.7k | Added +6 |
| SEI INVESTMENTS CO 0.00% of their portfolio | 5.9k $317.6k | Unchanged |
| North Star Investment Management Corp. 0.02% of their portfolio | 5.3k $286.8k | Unchanged |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 5.1k $275.7k | Added +106 |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 5.1k $271.0k | Reduced -35 |
| AlphaQuest LLC 0.03% of their portfolio | 4.7k $250.1k | Added +232 |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 4.6k $246.0k | Reduced -18.2k |