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SOR

Source Capital
SOR

44 hedge funds and large institutions have $44.6M invested in Source Capital in 2017 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

15% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 13

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

4% less capital invested

Capital invested by funds: $46.4M → $44.6M (-$1.86M)

1.09% less ownership

Funds ownership: 13.92% → 12.83% (-1.1%)

8% less funds holding

Funds holding: 48 → 44 (-4)

50% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 6

Holders
44
Holders Change
-4
Holders Change %
-8.33%
% of All Funds
1.1%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
3
Increased
15
Reduced
13
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BI
Bulldog Investors
New Jersey
+$3.01M
2
PC
Pecaut & Co
Iowa
+$705K
3
SFS
Shaker Financial Services
Virginia
+$640K
4
DADC
D.A. Davidson & Co
Montana
+$407K
5
Ameriprise
Ameriprise
Minnesota
+$300K

Top Sellers

Rank Fund Capital Flow
1
MC
Matisse Capital
Oregon
-$4.42M
2
Geode Capital Management
Geode Capital Management
Massachusetts
-$882K
3
AGM
Alpine Global Management
New York
-$766K
4
RCM
Rivernorth Capital Management
Florida
-$683K
5
HFS
HL Financial Services
Kentucky
-$596K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$197K -$252K -6,409 -57%
BBPWM
27
Blue Bell Private Wealth Management
Pennsylvania
$164K -$25.3K -643 -14%
Morgan Stanley
28
Morgan Stanley
New York
$162K +$6.61K +168 +4%
Citigroup
29
Citigroup
New York
$73K -$442K -11,241 -86%
CAL
30
Capital Advisors Ltd
Ohio
$60K – – –
KTC
31
Kistler-Tiffany Companies
Pennsylvania
$54K -$26.6K -677 -33%
MRCM
32
M&R Capital Management
New Jersey
$42K – – –
MCM
33
Manchester Capital Management
Vermont
$41K +$40.4K +1,027 New
LTFS
34
Ladenburg Thalmann Financial Services
Florida
$28K – – –
CB
35
Community Bank
New York
$11K – – –
IA
36
IFP Advisors
Florida
$11K – – –
First Manhattan
37
First Manhattan
New York
$10K – – –
DSC
38
Duncker Streett & Co
Missouri
$6K – – –
GWM
39
Geneos Wealth Management
Colorado
$4K – – –
AG
40
Advisor Group
Arizona
$3K – – –
JFGIW
41
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$2K – – –
RFA
42
Reilly Financial Advisors
California
$1K – – –
GRP
43
Global Retirement Partners
California
$1K +$787 +20 New
AGM
44
Alpine Global Management
New York
– -$766K -19,819 Closed
RCM
45
Rivernorth Capital Management
Florida
– -$683K -17,663 Closed
HFS
46
HL Financial Services
Kentucky
– -$596K -15,430 Closed
Invesco
47
Invesco
Georgia
– -$262K -6,781 Closed
HNB
48
Huntington National Bank
Ohio
– -$32K -836 Closed
Creative Planning
49
Creative Planning
Kansas
– -$25K -643 Closed
SEI Investments
50
SEI Investments
Pennsylvania
– -$2.36K -60 -83%
1
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SOR Hedge Fund Activity: Q3 2017 in Review

44 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q3 2017, worth a combined $44.6M — down 4% from $46.4M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of SOR and 3 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 15 added.

The largest buyer was Bulldog Investors, adding an estimated $3.01M. The largest seller was Matisse Capital, cutting an estimated $4.42M.

  • 44 institutional investors held Source Capital (SOR) as of Q3 2017, down from 48 in Q2 2017.
  • Funds reported $44.6M of Source Capital stock for Q3 2017, down 4% quarter-over-quarter.
  • 3 funds opened new Source Capital positions in Q3 2017 and 6 closed out, a net change of -3 holders.
  • The largest Source Capital buyer in Q3 2017 was Bulldog Investors, an estimated $3.01M added.
  • The largest Source Capital seller in Q3 2017 was Matisse Capital, an estimated $4.42M sold.

Based on aggregated 13F filings for Q3 2017.