Source Capital
SOR
55 hedge funds and large institutions have $43.3M invested in Source Capital in 2015 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 11 reducing their positions, and 12 closing their positions.
64% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 11
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.56% less ownership
Funds ownership: 7.38% → 6.82% (-0.56%)
5% less capital invested
Capital invested by funds: $45.6M → $43.3M (-$2.27M)
10% less funds holding
Funds holding: 61 → 55 (-6)
50% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$723K |
| 2 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
+$570K |
| 3 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
+$511K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$378K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$354K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.08M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$1.59M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.51M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$820K |
| 5 |
Goldman Sachs
New York
|
-$617K |
SOR Hedge Fund Activity: Q1 2015 in Review
55 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q1 2015, worth a combined $43.3M — down 5% from $45.6M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of SOR and 6 opened new positions — a net loss of 6 holders — while 11 trimmed existing stakes and 18 added.
The largest buyer was Raymond James & Associates, adding an estimated $723K. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $2.08M sold.
- 55 institutional investors held Source Capital (SOR) as of Q1 2015, down from 61 in Q4 2014.
- Funds reported $43.3M of Source Capital stock for Q1 2015, down 5% quarter-over-quarter.
- 6 funds opened new Source Capital positions in Q1 2015 and 12 closed out, a net change of -6 holders.
- The largest Source Capital buyer in Q1 2015 was Raymond James & Associates, an estimated $723K added.
- The largest Source Capital seller in Q1 2015 was Wolverine Asset Management, an estimated $2.08M sold.
Based on aggregated 13F filings for Q1 2015.