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SOR

Source Capital
SOR

51 hedge funds and large institutions have $46.3M invested in Source Capital in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 10 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

110% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 10

0% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 6

2% less funds holding

Funds holding: 52 → 51 (-1)

15% less capital invested

Capital invested by funds: $54.4M → $46.3M (-$8.15M)

27.02% less ownership

Funds ownership: 44.39% → 17.37% (-27%)

Holders
51
Holders Change
-1
Holders Change %
-1.92%
% of All Funds
1.11%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.04%
New
6
Increased
21
Reduced
10
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CRC
Curi RMB Capital
Illinois
+$869K
2
RCM
Rivernorth Capital Management
Florida
+$824K
3
BI
Bulldog Investors
New Jersey
+$790K
4
SFS
Shaker Financial Services
Virginia
+$740K
5
Geode Capital Management
Geode Capital Management
Massachusetts
+$517K

Top Sellers

Rank Fund Capital Flow
1
IC
Intersect Capital
California
-$2.4M
2
Cohen & Steers
Cohen & Steers
New York
-$571K
3
PAS
Park Avenue Securities
New York
-$233K
4
GC
Guggenheim Capital
Illinois
-$64.9K
5
HighTower Advisors
HighTower Advisors
Illinois
-$63.5K
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
26
Envestnet Asset Management
Illinois
$276K +$40.3K +1,109 +17%
Walleye Trading
27
Walleye Trading
New York
$267K -$7.26K -200 -3%
Walleye Capital
28
Walleye Capital
New York
$263K +$261K +7,200 New
SKK
29
Shepherd Kaplan Krochuk
Massachusetts
$237K – – –
MC
30
Matisse Capital
Oregon
$220K – – –
DA
31
Doliver Advisors
Texas
$201K +$200K +5,509 New
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$161K +$26.4K +728 +20%
BBPWM
33
Blue Bell Private Wealth Management
Pennsylvania
$142K – – –
QCIG
34
Quad-Cities Investment Group
Iowa
$118K +$871 +24 +0.7%
LTFS
35
Ladenburg Thalmann Financial Services
Florida
$81K +$24.4K +671 +43%
SBL
36
Sargent Bickham Lagudis
Colorado
$59K – – –
DWM
37
Destination Wealth Management
California
$45K – – –
Citigroup
38
Citigroup
New York
$36K +$73 +2 +0.2%
PCG
39
Private Capital Group
Connecticut
$29K – – –
US Bancorp
40
US Bancorp
Minnesota
$26K -$21.8K -600 -46%
First Manhattan
41
First Manhattan
New York
$9K – – –
BI
42
Bulldog Investors
New Jersey
$7K +$790K +21,757 +13%
AG
43
Advisor Group
Arizona
$4K – – –
GWM
44
Geneos Wealth Management
Colorado
$4K – – –
JP Morgan Chase
45
JP Morgan Chase
New York
$4K +$4.21K +116 New
MRCM
46
M&R Capital Management
New Jersey
$2K – – –
GRP
47
Global Retirement Partners
California
$1K – – –
JFGIW
48
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$1K – – –
RFA
49
Reilly Financial Advisors
California
$1K – – –
RCM
50
Rivernorth Capital Management
Florida
$830 +$824K +22,709 New
1
2
3

SOR Hedge Fund Activity: Q2 2019 in Review

51 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q2 2019, worth a combined $46.3M — down 15% from $54.4M a quarter earlier.

Fund positioning in SOR was balanced in Q2 2019: 6 funds opened new positions, 6 closed out, 21 added to existing stakes and 10 trimmed.

The largest buyer was Curi RMB Capital, opening a new position worth an estimated $869K. The largest seller was Intersect Capital, exiting entirely with an estimated $2.4M sold.

  • 51 institutional investors held Source Capital (SOR) as of Q2 2019, down from 52 in Q1 2019.
  • Funds reported $46.3M of Source Capital stock for Q2 2019, down 15% quarter-over-quarter.
  • 6 funds opened new Source Capital positions in Q2 2019 and 6 closed out, a net change of 0 holders.
  • The largest Source Capital buyer in Q2 2019 was Curi RMB Capital, an estimated $869K added.
  • The largest Source Capital seller in Q2 2019 was Intersect Capital, an estimated $2.4M sold.

Based on aggregated 13F filings for Q2 2019.