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SOR

Source Capital
SOR

61 hedge funds and large institutions have $45.6M invested in Source Capital in 2014 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 22 increasing their positions, 11 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 2

100% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 11

15% more capital invested

Capital invested by funds: $39.6M → $45.6M (+$6.02M)

7% more funds holding

Funds holding: 57 → 61 (+4)

0.35% more ownership

Funds ownership: 7.04% → 7.38% (+0.35%)

Holders
61
Holders Change
+4
Holders Change %
+7.02%
% of All Funds
1.63%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
10
Increased
22
Reduced
11
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WAM
Weiss Asset Management
Massachusetts
+$1.49M
2
Morgan Stanley
Morgan Stanley
New York
+$1.35M
3
KIM
Karpus Investment Management
New York
+$556K
4
CA
Cornerstone Advisors
North Carolina
+$329K
5
1CP
1607 Capital Partners
Virginia
+$323K

Top Sellers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
-$1.44M
2
SFS
Shaker Financial Services
Virginia
-$1.22M
3
CAN
Cetera Advisor Networks
California
-$460K
4
First Manhattan
First Manhattan
New York
-$200K
5
Wells Fargo
Wells Fargo
California
-$162K
Name Holding Trade Value Shares
Change 		Change in
Stake
LI
26
Lafayette Investments
Maryland
$412K +$9.78K +144 +3%
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$373K +$4.82K +71 +1%
NL
28
NWAM LLC
Washington
$344K -$32.3K -476 -9%
1CP
29
1607 Capital Partners
Virginia
$340K +$323K +4,755 New
LCM
30
Landscape Capital Management
New Jersey
$317K +$17.5K +258 +6%
TJHA
31
Thomas J. Herzfeld Advisors
Florida
$307K +$204 +3 +0.1%
BJL
32
Brighton Jones LLC
Washington
$261K +$6.25K +92 +3%
Creative Planning
33
Creative Planning
Kansas
$243K +$231K +3,400 New
Stifel Financial
34
Stifel Financial
Missouri
$240K -$17.2K -253 -7%
First Manhattan
35
First Manhattan
New York
$239K -$200K -2,950 -47%
CBB
36
Citizens Business Bank
California
$233K – – –
TC
37
Telemus Capital
Michigan
$232K – – –
BBPWM
38
Blue Bell Private Wealth Management
Pennsylvania
$221K +$13.6K +200 +7%
SHA
39
Smith Hayes Advisers
Nebraska
$216K -$28.3K -417 -12%
VKH
40
Virtu KCG Holdings
New York
$202K +$192K +2,828 New
KTC
41
Kistler-Tiffany Companies
Pennsylvania
$188K – – –
Citigroup
42
Citigroup
New York
$156K +$204 +3 +0.1%
PNC Financial Services Group
43
PNC Financial Services Group
Pennsylvania
$145K – – –
CAL
44
Capital Advisors Ltd
Ohio
$106K – – –
LTFS
45
Ladenburg Thalmann Financial Services
Florida
$80K +$45.1K +664 +146%
RAM
46
Riggs Asset Management
Pennsylvania
$57K – – –
MFS
47
MSI Financial Services
Massachusetts
$49K +$12.5K +184 +36%
CFSG
48
Community Financial Services Group
Vermont
$21K – – –
NFG
49
Next Financial Group
Texas
$21K +$20.4K +300 New
US Bancorp
50
US Bancorp
Minnesota
$19K – – –
1
2
3

SOR Hedge Fund Activity: Q4 2014 in Review

61 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q4 2014, worth a combined $45.6M — up 15% from $39.6M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new SOR positions and 2 closed out — a net gain of 8 holders — while 22 added to existing stakes and 11 trimmed.

The largest buyer was Weiss Asset Management, opening a new position worth an estimated $1.49M. The largest seller was Wolverine Asset Management, cutting an estimated $1.44M.

  • 61 institutional investors held Source Capital (SOR) as of Q4 2014, up from 57 in Q3 2014.
  • Funds reported $45.6M of Source Capital stock for Q4 2014, up 15% quarter-over-quarter.
  • 10 funds opened new Source Capital positions in Q4 2014 and 2 closed out, a net change of +8 holders.
  • The largest Source Capital buyer in Q4 2014 was Weiss Asset Management, an estimated $1.49M added.
  • The largest Source Capital seller in Q4 2014 was Wolverine Asset Management, an estimated $1.44M sold.

Based on aggregated 13F filings for Q4 2014.