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SOR

Source Capital
SOR

48 hedge funds and large institutions have $27.6M invested in Source Capital in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 9 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

89% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 9

50% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 4

5% more capital invested

Capital invested by funds: $26.2M → $27.6M (+$1.33M)

0.22% more ownership

Funds ownership: 4.91% → 5.13% (+0.22%)

0% more funds holding

Funds holding: 48 → 48 (0)

Holders
48
Holders Change
–
Holders Change %
0%
% of All Funds
1.56%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
17
Reduced
9
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
+$868K
2
WAM
Wolverine Asset Management
Illinois
+$482K
3
Morgan Stanley
Morgan Stanley
New York
+$394K
4
BJL
Brighton Jones LLC
Washington
+$215K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$155K

Top Sellers

Rank Fund Capital Flow
1
SG Americas Securities
SG Americas Securities
New York
-$548K
2
NL
NWAM LLC
Washington
-$270K
3
Nomura Holdings
Nomura Holdings
Japan
-$224K
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$133K
5
CAN
Cetera Advisor Networks
California
-$85.1K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$280K -$133K -2,107 -32%
SHA
27
Smith Hayes Advisers
Nebraska
$271K -$28.4K -450 -9%
TC
28
Telemus Capital
Michigan
$217K +$221K +3,500 New
BJL
29
Brighton Jones LLC
Washington
$212K +$215K +3,408 New
CBB
30
Citizens Business Bank
California
$203K – – –
GT
31
Glenmede Trust
Pennsylvania
$184K – – –
KTC
32
Kistler-Tiffany Companies
Pennsylvania
$164K – – –
Northwestern Mutual Wealth Management
33
Northwestern Mutual Wealth Management
Wisconsin
$123K +$125K +1,983 New
PNC Financial Services Group
34
PNC Financial Services Group
Pennsylvania
$102K – – –
MA
35
MUFG Americas
New York
$93K – – –
First Manhattan
36
First Manhattan
New York
$65K +$15.8K +250 +31%
TJHA
37
Thomas J. Herzfeld Advisors
Florida
$64K -$54.9K -872 -46%
Fifth Third Bancorp
38
Fifth Third Bancorp
Ohio
$49K +$5.04K +80 +11%
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$29K – – –
TRCT
40
Tower Research Capital (TRC)
New York
$24K +$12K +191 +97%
CFSG
41
Community Financial Services Group
Vermont
$19K – – –
US Bancorp
42
US Bancorp
Minnesota
$17K – – –
Bessemer Group
43
Bessemer Group
New Jersey
$12K – – –
HR
44
Howe & Rusling
New York
$7K – – –
JFGIW
45
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$2K – – –
1IC
46
1919 Investment Counsel
Maryland
$1K – – –
SSB
47
Sandy Spring Bank
Maryland
$1K +$126 +2 +14%
Jones Financial Companies
48
Jones Financial Companies
Missouri
$1K +$1.26K +20 New
NL
49
NWAM LLC
Washington
– -$270K -4,377 Closed
Nomura Holdings
50
Nomura Holdings
Japan
– -$224K -3,650 Closed
1
2
3

SOR Hedge Fund Activity: Q3 2013 in Review

48 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q3 2013, worth a combined $27.6M — up 5.1% from $26.2M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new SOR positions and 4 closed out — a net gain of 2 holders — while 17 added to existing stakes and 9 trimmed.

The largest buyer was Shaker Financial Services, opening a new position worth an estimated $868K. The largest seller was SG Americas Securities, cutting an estimated $548K.

  • 48 institutional investors held Source Capital (SOR) as of Q3 2013, unchanged from Q2 2013.
  • Funds reported $27.6M of Source Capital stock for Q3 2013, up 5.1% quarter-over-quarter.
  • 6 funds opened new Source Capital positions in Q3 2013 and 4 closed out, a net change of +2 holders.
  • The largest Source Capital buyer in Q3 2013 was Shaker Financial Services, an estimated $868K added.
  • The largest Source Capital seller in Q3 2013 was SG Americas Securities, an estimated $548K sold.

Based on aggregated 13F filings for Q3 2013.