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SOR

Source Capital
SOR

49 hedge funds and large institutions have $34.8M invested in Source Capital in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 10 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

70% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 10

9% more capital invested

Capital invested by funds: $31.9M → $34.8M (+$2.97M)

0.37% more ownership

Funds ownership: 5.49% → 5.86% (+0.37%)

0% more funds holding

Funds holding: 49 → 49 (0)

0% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 5

Holders
49
Holders Change
–
Holders Change %
0%
% of All Funds
1.42%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
17
Reduced
10
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
+$1.25M
2
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$674K
3
TC
TFS Capital
Pennsylvania
+$431K
4
Morgan Stanley
Morgan Stanley
New York
+$349K
5
KFS
KMS Financial Services
Washington
+$344K

Top Sellers

Rank Fund Capital Flow
1
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$435K
2
SL
Summitry LLC
California
-$336K
3
WAM
Wolverine Asset Management
Illinois
-$265K
4
VKH
Virtu KCG Holdings
New York
-$264K
5
SG Americas Securities
SG Americas Securities
New York
-$250K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$337K +$8.15K +121 +3%
TJHA
27
Thomas J. Herzfeld Advisors
Florida
$294K +$219K +3,251 +314%
First Manhattan
28
First Manhattan
New York
$278K – – –
SHA
29
Smith Hayes Advisers
Nebraska
$274K -$26.9K -400 -9%
TC
30
Telemus Capital
Michigan
$240K – – –
BJL
31
Brighton Jones LLC
Washington
$240K +$2.69K +40 +1%
CBB
32
Citizens Business Bank
California
$224K – – –
KTC
33
Kistler-Tiffany Companies
Pennsylvania
$181K – – –
Citigroup
34
Citigroup
New York
$175K +$27K +401 +19%
PNC Financial Services Group
35
PNC Financial Services Group
Pennsylvania
$172K +$58.3K +865 +53%
WAM
36
Wolverine Asset Management
Illinois
$139K -$265K -3,934 -66%
CAL
37
Capital Advisors Ltd
Ohio
$102K – – –
BBPWM
38
Blue Bell Private Wealth Management
Pennsylvania
$97K -$43.8K -650 -32%
Fifth Third Bancorp
39
Fifth Third Bancorp
Ohio
$57K +$13.5K +200 +32%
GT
40
Glenmede Trust
Pennsylvania
$49K -$200K -2,967 -81%
LTFS
41
Ladenburg Thalmann Financial Services
Florida
$32K – – –
CFSG
42
Community Financial Services Group
Vermont
$21K +$20.2K +300 New
US Bancorp
43
US Bancorp
Minnesota
$19K – – –
Bessemer Group
44
Bessemer Group
New Jersey
$14K – – –
FMB
45
Field & Main Bank
Kentucky
$7K – – –
HR
46
Howe & Rusling
New York
$7K – – –
JFGIW
47
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$3K – – –
1IC
48
1919 Investment Counsel
Maryland
$1K – – –
SSB
49
Sandy Spring Bank
Maryland
$1K – – –
SL
50
Summitry LLC
California
– -$336K -5,000 Closed
1
2
3

SOR Hedge Fund Activity: Q1 2014 in Review

49 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q1 2014, worth a combined $34.8M — up 9.3% from $31.9M a quarter earlier.

Fund positioning in SOR was balanced in Q1 2014: 5 funds opened new positions, 5 closed out, 17 added to existing stakes and 10 trimmed.

The largest buyer was Shaker Financial Services, adding an estimated $1.25M. The largest seller was Commonwealth Equity Services, cutting an estimated $435K.

  • 49 institutional investors held Source Capital (SOR) as of Q1 2014, unchanged from Q4 2013.
  • Funds reported $34.8M of Source Capital stock for Q1 2014, up 9.3% quarter-over-quarter.
  • 5 funds opened new Source Capital positions in Q1 2014 and 5 closed out, a net change of 0 holders.
  • The largest Source Capital buyer in Q1 2014 was Shaker Financial Services, an estimated $1.25M added.
  • The largest Source Capital seller in Q1 2014 was Commonwealth Equity Services, an estimated $435K sold.

Based on aggregated 13F filings for Q1 2014.