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SOR

Source Capital
SOR

48 hedge funds and large institutions have $46.4M invested in Source Capital in 2017 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 19 increasing their positions, 12 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

58% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 12

2% more capital invested

Capital invested by funds: $45.7M → $46.4M (+$710K)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.21% less ownership

Funds ownership: 14.13% → 13.92% (-0.21%)

4% less funds holding

Funds holding: 50 → 48 (-2)

33% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 6

Holders
48
Holders Change
-2
Holders Change %
-4%
% of All Funds
1.2%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
4
Increased
19
Reduced
12
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
TJHA
Thomas J. Herzfeld Advisors
Florida
+$799K
2
BI
Bulldog Investors
New Jersey
+$779K
3
RCM
Rivernorth Capital Management
Florida
+$674K
4
SFS
Shaker Financial Services
Virginia
+$662K
5
CA
Cornerstone Advisors
North Carolina
+$496K

Top Sellers

Rank Fund Capital Flow
1
LCM
Landscape Capital Management
New Jersey
-$2.73M
2
AGM
Alpine Global Management
New York
-$1.23M
3
Geode Capital Management
Geode Capital Management
Massachusetts
-$1.19M
4
MIG
Mariner Investment Group
New York
-$617K
5
Citigroup
Citigroup
New York
-$578K
Name Holding Trade Value Shares
Change 		Change in
Stake
CCM
26
Cohen Capital Management
California
$370K – – –
SWP
27
Stratos Wealth Partners
Ohio
$348K -$38 -1 -0%
GC
28
Guggenheim Capital
Illinois
$304K -$29K -761 -9%
Invesco
29
Invesco
Georgia
$262K -$273K -7,150 -51%
Wells Fargo
30
Wells Fargo
California
$257K -$31K -812 -11%
LI
31
Lafayette Investments
Maryland
$250K +$2.21K +58 +0.9%
BBPWM
32
Blue Bell Private Wealth Management
Pennsylvania
$182K +$120K +3,143 +200%
Morgan Stanley
33
Morgan Stanley
New York
$149K -$104K -2,715 -41%
KTC
34
Kistler-Tiffany Companies
Pennsylvania
$79K – – –
CAL
35
Capital Advisors Ltd
Ohio
$57K – – –
MRCM
36
M&R Capital Management
New Jersey
$41K -$49.6K -1,300 -55%
HNB
37
Huntington National Bank
Ohio
$32K +$31.9K +836 New
LTFS
38
Ladenburg Thalmann Financial Services
Florida
$26K – – –
Creative Planning
39
Creative Planning
Kansas
$25K – – –
CB
40
Community Bank
New York
$11K – – –
IA
41
IFP Advisors
Florida
$11K – – –
First Manhattan
42
First Manhattan
New York
$9K – – –
DSC
43
Duncker Streett & Co
Missouri
$6K – – –
GWM
44
Geneos Wealth Management
Colorado
$4K – – –
AG
45
Advisor Group
Arizona
$3K – – –
SEI Investments
46
SEI Investments
Pennsylvania
$3K +$2.75K +72 New
JFGIW
47
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$2K – – –
RFA
48
Reilly Financial Advisors
California
$1K – – –
LCM
49
Landscape Capital Management
New Jersey
– -$2.73M -75,453 Closed
LPL Financial
50
LPL Financial
California
– -$324K -8,668 Closed
1
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SOR Hedge Fund Activity: Q2 2017 in Review

48 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q2 2017, worth a combined $46.4M — up 1.6% from $45.7M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of SOR and 4 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 19 added.

The largest buyer was Thomas J. Herzfeld Advisors, adding an estimated $799K. The largest seller was Landscape Capital Management, exiting entirely with an estimated $2.73M sold.

  • 48 institutional investors held Source Capital (SOR) as of Q2 2017, down from 50 in Q1 2017.
  • Funds reported $46.4M of Source Capital stock for Q2 2017, up 1.6% quarter-over-quarter.
  • 4 funds opened new Source Capital positions in Q2 2017 and 6 closed out, a net change of -2 holders.
  • The largest Source Capital buyer in Q2 2017 was Thomas J. Herzfeld Advisors, an estimated $799K added.
  • The largest Source Capital seller in Q2 2017 was Landscape Capital Management, an estimated $2.73M sold.

Based on aggregated 13F filings for Q2 2017.