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SOR

Source Capital
SOR

55 hedge funds and large institutions have $51.7M invested in Source Capital in 2018 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 16 increasing their positions, 10 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

120% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 5

60% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 10

28.35% more ownership

Funds ownership: 13.78% → 42.13% (+28%)

12% more funds holding

Funds holding: 49 → 55 (+6)

8% more capital invested

Capital invested by funds: $47.8M → $51.7M (+$3.86M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
55
Holders Change
+6
Holders Change %
+12.24%
% of All Funds
1.26%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
11
Increased
16
Reduced
10
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
IC
Intersect Capital
California
+$99.1M
2
Ameriprise
Ameriprise
Minnesota
+$775K
3
PC
Pecaut & Co
Iowa
+$671K
4
AIM
AMI Investment Management
Indiana
+$440K
5
BI
Bulldog Investors
New Jersey
+$434K

Top Sellers

Rank Fund Capital Flow
1
Geode Capital Management
Geode Capital Management
Massachusetts
-$686K
2
MC
Matisse Capital
Oregon
-$496K
3
LI
Lafayette Investments
Maryland
-$270K
4
Cohen & Steers
Cohen & Steers
New York
-$224K
5
SFS
Shaker Financial Services
Virginia
-$179K
Name Holding Trade Value Shares
Change 		Change in
Stake
FAIM
26
Financial Advocates Investment Management
Washington
$268K +$73.6K +1,782 +36%
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$225K +$4.42K +107 +2%
RJA
28
Raymond James & Associates
Florida
$207K +$214K +5,192 New
SRC
29
Stone Run Capital
New York
$204K +$211K +5,102 New
BBPWM
30
Blue Bell Private Wealth Management
Pennsylvania
$183K +$41.7K +1,011 +28%
SPIA
31
Steward Partners Investment Advisory
New York
$79K – – –
Citigroup
32
Citigroup
New York
$72K +$41 +1 +0.1%
RFC
33
Regions Financial Corp
Alabama
$60K – – –
CAL
34
Capital Advisors Ltd
Ohio
$59K – – –
KTC
35
Kistler-Tiffany Companies
Pennsylvania
$54K – – –
SSB
36
Sandy Spring Bank
Maryland
$53K +$54.6K +1,322 New
DWM
37
Destination Wealth Management
California
$35K +$11.9K +288 New
PCG
38
Private Capital Group
Connecticut
$29K +$30.2K +732 New
US Bancorp
39
US Bancorp
Minnesota
$28K +$28.9K +700 New
MGIA
40
Moneta Group Investment Advisors
Missouri
$17K +$17.8K +432 New
DSC
41
Duncker Streett & Co
Missouri
$14K +$14.4K +350 New
IA
42
IFP Advisors
Florida
$11K – – –
LTFS
43
Ladenburg Thalmann Financial Services
Florida
$10K – – –
First Manhattan
44
First Manhattan
New York
$9K – – –
SWM
45
SeaCrest Wealth Management
New York
$8K – – –
TRCT
46
Tower Research Capital (TRC)
New York
$8K +$8.26K +200 New
FMB
47
Field & Main Bank
Kentucky
$4K – – –
GWM
48
Geneos Wealth Management
Colorado
$4K – – –
AG
49
Advisor Group
Arizona
$3K – – –
JFGIW
50
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$2K – – –
1
2
3

SOR Hedge Fund Activity: Q1 2018 in Review

55 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q1 2018, worth a combined $51.7M — up 8.1% from $47.8M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new SOR positions and 5 closed out — a net gain of 6 holders — while 16 added to existing stakes and 10 trimmed.

The largest buyer was Intersect Capital, opening a new position worth an estimated $99.1M. The largest seller was Geode Capital Management, cutting an estimated $686K.

  • 55 institutional investors held Source Capital (SOR) as of Q1 2018, up from 49 in Q4 2017.
  • Funds reported $51.7M of Source Capital stock for Q1 2018, up 8.1% quarter-over-quarter.
  • 11 funds opened new Source Capital positions in Q1 2018 and 5 closed out, a net change of +6 holders.
  • The largest Source Capital buyer in Q1 2018 was Intersect Capital, an estimated $99.1M added.
  • The largest Source Capital seller in Q1 2018 was Geode Capital Management, an estimated $686K sold.

Based on aggregated 13F filings for Q1 2018.