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SOR

Source Capital
SOR

50 hedge funds and large institutions have $45.7M invested in Source Capital in 2017 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 17 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more capital invested

Capital invested by funds: $34.4M → $45.7M (+$11.3M)

3.08% more ownership

Funds ownership: 11.05% → 14.13% (+3.1%)

4% less funds holding

Funds holding: 52 → 50 (-2)

18% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 17

20% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 5

Holders
50
Holders Change
-2
Holders Change %
-3.85%
% of All Funds
1.24%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.05%
New
4
Increased
14
Reduced
17
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BI
Bulldog Investors
New Jersey
+$3.03M
2
MC
Matisse Capital
Oregon
+$2.9M
3
AGM
Alpine Global Management
New York
+$1.93M
4
Geode Capital Management
Geode Capital Management
Massachusetts
+$1.21M
5
SFS
Shaker Financial Services
Virginia
+$1.09M

Top Sellers

Rank Fund Capital Flow
1
CRC
Curi RMB Capital
Illinois
-$1.39M
2
Citigroup
Citigroup
New York
-$581K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$504K
4
MIG
Mariner Investment Group
New York
-$378K
5
RJA
Raymond James & Associates
Florida
-$299K
Name Holding Trade Value Shares
Change 		Change in
Stake
SWP
26
Stratos Wealth Partners
Ohio
$338K -$4.08K -110 -1%
LPL Financial
27
LPL Financial
California
$324K -$66.1K -1,783 -17%
GC
28
Guggenheim Capital
Illinois
$324K -$30.2K -815 -9%
Wells Fargo
29
Wells Fargo
California
$280K -$37K -998 -12%
Morgan Stanley
30
Morgan Stanley
New York
$248K +$9.46K +255 +4%
LI
31
Lafayette Investments
Maryland
$241K +$2.23K +60 +0.9%
HFS
32
HL Financial Services
Kentucky
$208K -$31.2K -840 -13%
MRCM
33
M&R Capital Management
New Jersey
$88K – – –
KTC
34
Kistler-Tiffany Companies
Pennsylvania
$76K – – –
BBPWM
35
Blue Bell Private Wealth Management
Pennsylvania
$59K – – –
CAL
36
Capital Advisors Ltd
Ohio
$56K – – –
LTFS
37
Ladenburg Thalmann Financial Services
Florida
$26K +$371 +10 +1%
Creative Planning
38
Creative Planning
Kansas
$24K -$6.75K -182 -22%
MPWT
39
MassMutual Private Wealth & Trust
Connecticut
$14.8K +$14.6K +393 New
US Bancorp
40
US Bancorp
Minnesota
$12K – – –
IA
41
IFP Advisors
Florida
$11K – – –
CB
42
Community Bank
New York
$10K – – –
First Manhattan
43
First Manhattan
New York
$9K -$11.1K -300 -55%
Bessemer Group
44
Bessemer Group
New Jersey
$8K – – –
DSC
45
Duncker Streett & Co
Missouri
$6K – – –
GWM
46
Geneos Wealth Management
Colorado
$4K – – –
AG
47
Advisor Group
Arizona
$3K – – –
JFGIW
48
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$2K – – –
SF
49
Synovus Financial
Georgia
$1K -$1K -27 -49%
RFA
50
Reilly Financial Advisors
California
$1K – – –
1
2
3

SOR Hedge Fund Activity: Q1 2017 in Review

50 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q1 2017, worth a combined $45.7M — up 33% from $34.4M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of SOR and 4 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 14 added.

The largest buyer was Bulldog Investors, opening a new position worth an estimated $3.03M. The largest seller was Curi RMB Capital, cutting an estimated $1.39M.

  • 50 institutional investors held Source Capital (SOR) as of Q1 2017, down from 52 in Q4 2016.
  • Funds reported $45.7M of Source Capital stock for Q1 2017, up 33% quarter-over-quarter.
  • 4 funds opened new Source Capital positions in Q1 2017 and 5 closed out, a net change of -1 holder.
  • The largest Source Capital buyer in Q1 2017 was Bulldog Investors, an estimated $3.03M added.
  • The largest Source Capital seller in Q1 2017 was Curi RMB Capital, an estimated $1.39M sold.

Based on aggregated 13F filings for Q1 2017.