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SOR

Source Capital
SOR

52 hedge funds and large institutions have $54.4M invested in Source Capital in 2019 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 12

24% more capital invested

Capital invested by funds: $43.9M → $54.4M (+$10.5M)

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

2% more funds holding

Funds holding: 51 → 52 (+1)

1.96% more ownership

Funds ownership: 42.43% → 44.39% (+2%)

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
52
Holders Change
+1
Holders Change %
+1.96%
% of All Funds
1.13%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
6
Increased
18
Reduced
12
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
+$3.01M
2
Wells Fargo
Wells Fargo
California
+$1.52M
3
Geode Capital Management
Geode Capital Management
Massachusetts
+$1.37M
4
CA
Cornerstone Advisors
North Carolina
+$1.15M
5
Ameriprise
Ameriprise
Minnesota
+$682K

Top Sellers

Rank Fund Capital Flow
1
BI
Bulldog Investors
New Jersey
-$2.37M
2
UBS Group
UBS Group
Switzerland
-$551K
3
WAM
Weiss Asset Management
Massachusetts
-$261K
4
RJA
Raymond James & Associates
Florida
-$214K
5
PC
Pecaut & Co
Iowa
-$204K
Name Holding Trade Value Shares
Change 		Change in
Stake
FAIM
26
Financial Advocates Investment Management
Washington
$283K -$3.17K -90 -1%
BS
27
Boenning & Scattergood
Pennsylvania
$276K +$985 +28 +0.4%
Walleye Trading
28
Walleye Trading
New York
$270K -$3.52K -100 -1%
PAS
29
Park Avenue Securities
New York
$233K +$226K +6,429 New
SKK
30
Shepherd Kaplan Krochuk
Massachusetts
$233K +$228K +6,470 New
Envestnet Asset Management
31
Envestnet Asset Management
Illinois
$232K +$226K +6,435 New
MC
32
Matisse Capital
Oregon
$217K -$44.6K -1,267 -17%
BBPWM
33
Blue Bell Private Wealth Management
Pennsylvania
$140K -$17.8K -505 -11%
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$132K -$563 -16 -0.4%
QCIG
35
Quad-Cities Investment Group
Iowa
$116K -$87.4K -2,483 -44%
SBL
36
Sargent Bickham Lagudis
Colorado
$58K +$57K +1,620 New
LTFS
37
Ladenburg Thalmann Financial Services
Florida
$56K – – –
RFC
38
Regions Financial Corp
Alabama
$54K – – –
US Bancorp
39
US Bancorp
Minnesota
$47K – – –
DWM
40
Destination Wealth Management
California
$44K -$18.8K -533 -30%
Citigroup
41
Citigroup
New York
$35K +$70 +2 +0.2%
PCG
42
Private Capital Group
Connecticut
$26K – – –
HNB
43
Huntington National Bank
Ohio
$16K – – –
First Manhattan
44
First Manhattan
New York
$9K – – –
AIC
45
Ameritas Investment Company
Nebraska
$9K +$8.44K +240 New
SWM
46
SeaCrest Wealth Management
New York
$8K – – –
AG
47
Advisor Group
Arizona
$4K – – –
GWM
48
Geneos Wealth Management
Colorado
$4K – – –
FHB
49
First Hawaiian Bank
Hawaii
$2K – – –
MRCM
50
M&R Capital Management
New Jersey
$2K – – –
1
2
3

SOR Hedge Fund Activity: Q1 2019 in Review

52 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q1 2019, worth a combined $54.4M — up 24% from $43.9M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new SOR positions and 5 closed out — a net gain of 1 holder — while 18 added to existing stakes and 12 trimmed.

The largest buyer was Shaker Financial Services, adding an estimated $3.01M. The largest seller was Bulldog Investors, cutting an estimated $2.37M.

  • 52 institutional investors held Source Capital (SOR) as of Q1 2019, up from 51 in Q4 2018.
  • Funds reported $54.4M of Source Capital stock for Q1 2019, up 24% quarter-over-quarter.
  • 6 funds opened new Source Capital positions in Q1 2019 and 5 closed out, a net change of +1 holder.
  • The largest Source Capital buyer in Q1 2019 was Shaker Financial Services, an estimated $3.01M added.
  • The largest Source Capital seller in Q1 2019 was Bulldog Investors, an estimated $2.37M sold.

Based on aggregated 13F filings for Q1 2019.