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SOR

Source Capital
SOR

50 hedge funds and large institutions have $55.7M invested in Source Capital in 2019 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 13 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 13

20% more capital invested

Capital invested by funds: $46.3M → $55.7M (+$9.42M)

1.35% more ownership

Funds ownership: 17.37% → 18.72% (+1.4%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

2% less funds holding

Funds holding: 51 → 50 (-1)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

Holders
50
Holders Change
-1
Holders Change %
-1.96%
% of All Funds
1.1%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
6
Increased
18
Reduced
13
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$1.64M
2
SFS
Shaker Financial Services
Virginia
+$908K
3
BI
Bulldog Investors
New Jersey
+$806K
4
CL
CSS LLC
Illinois
+$530K
5
AIM
AMI Investment Management
Indiana
+$474K

Top Sellers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
-$1.1M
2
First Trust Advisors
First Trust Advisors
Illinois
-$536K
3
PC
Pecaut & Co
Iowa
-$278K
4
HighTower Advisors
HighTower Advisors
Illinois
-$275K
5
DA
Doliver Advisors
Texas
-$201K
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
26
Envestnet Asset Management
Illinois
$315K +$38.9K +1,071 +14%
PAS
27
Park Avenue Securities
New York
$314K +$312K +8,592 New
Susquehanna International Group
28
Susquehanna International Group
Pennsylvania
$310K +$308K +8,485 New
BCM
29
Breiter Capital Management
Florida
$294K – – –
FAIM
30
Financial Advocates Investment Management
Washington
$288K -$3.63K -100 -1%
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$284K +$122K +3,369 +76%
BS
32
Boenning & Scattergood
Pennsylvania
$282K +$1.02K +28 +0.4%
AA
33
AQR Arbitrage
Connecticut
$278K +$276K +7,603 New
Walleye Trading
34
Walleye Trading
New York
$267K – – –
Walleye Capital
35
Walleye Capital
New York
$263K – – –
MC
36
Matisse Capital
Oregon
$220K – – –
QCIG
37
Quad-Cities Investment Group
Iowa
$156K +$37.3K +1,028 +32%
LTFS
38
Ladenburg Thalmann Financial Services
Florida
$82K +$181 +5 +0.2%
Citigroup
39
Citigroup
New York
$36K +$73 +2 +0.2%
PCG
40
Private Capital Group
Connecticut
$27K – – –
US Bancorp
41
US Bancorp
Minnesota
$26K – – –
First Manhattan
42
First Manhattan
New York
$9K – – –
GWM
43
Geneos Wealth Management
Colorado
$4K – – –
SFS
44
Sowell Financial Services
Arkansas
$4K +$3.63K +100 New
AG
45
Advisor Group
Arizona
$3K -$1.45K -40 -36%
RCM
46
Rivernorth Capital Management
Florida
$2.48K +$1.64M +45,071 +198%
MRCM
47
M&R Capital Management
New Jersey
$2K – – –
GRP
48
Global Retirement Partners
California
$1K – – –
JFGIW
49
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$1K – – –
DA
50
Doliver Advisors
Texas
– -$201K -5,509 Closed
1
2
3

SOR Hedge Fund Activity: Q3 2019 in Review

50 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q3 2019, worth a combined $55.7M — up 20% from $46.3M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of SOR and 6 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 18 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $1.64M. The largest seller was Cohen & Steers, cutting an estimated $1.1M.

  • 50 institutional investors held Source Capital (SOR) as of Q3 2019, down from 51 in Q2 2019.
  • Funds reported $55.7M of Source Capital stock for Q3 2019, up 20% quarter-over-quarter.
  • 6 funds opened new Source Capital positions in Q3 2019 and 7 closed out, a net change of -1 holder.
  • The largest Source Capital buyer in Q3 2019 was Rivernorth Capital Management, an estimated $1.64M added.
  • The largest Source Capital seller in Q3 2019 was Cohen & Steers, an estimated $1.1M sold.

Based on aggregated 13F filings for Q3 2019.