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SOR

Source Capital
SOR

38 hedge funds and large institutions have $81.7M invested in Source Capital in 2020 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 16 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

9% more funds holding

Funds holding: 35 → 38 (+3)

8% more capital invested

Capital invested by funds: $75.6M → $81.7M (+$6.14M)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.04% less ownership

Funds ownership: 24.18% → 24.14% (-0.04%)

50% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 16

Holders
38
Holders Change
+3
Holders Change %
+8.57%
% of All Funds
0.67%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
6
Increased
8
Reduced
16
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$4.02M
2
SFS
Shaker Financial Services
Virginia
+$3.57M
3
LGWM
Litman Gregory Wealth Management
California
+$988K
4
Millennium Management
Millennium Management
New York
+$281K
5
AIM
AMI Investment Management
Indiana
+$58.7K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$6.43M
2
Wells Fargo
Wells Fargo
California
-$951K
3
CCM
Cohen Capital Management
California
-$353K
4
BS
Boenning & Scattergood
Pennsylvania
-$292K
5
HighTower Advisors
HighTower Advisors
Illinois
-$219K
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$130K -$59.2K -1,534 -32%
RWA
27
Ropes Wealth Advisors
Massachusetts
$58K +$56.2K +1,457 New
Lazard Asset Management
28
Lazard Asset Management
New York
$48K – – –
Citigroup
29
Citigroup
New York
$40K +$270 +7 +0.7%
US Bancorp
30
US Bancorp
Minnesota
$29K -$26.6K -690 -49%
PCG
31
Private Capital Group
Connecticut
$29K – – –
First Manhattan
32
First Manhattan
New York
$9K – – –
HFA
33
HC Financial Advisors
California
$7K – – –
WT
34
Whittier Trust
California
$4K – – –
FF
35
FourThought Financial
Florida
$4K +$4.21K +109 New
JFGIW
36
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$2K – – –
TRCT
37
Tower Research Capital (TRC)
New York
$1K +$1.43K +37 New
CCM
38
Cohen Capital Management
California
– -$353K -9,574 Closed
BS
39
Boenning & Scattergood
Pennsylvania
– -$292K -7,930 Closed
FAIM
40
Financial Advocates Investment Management
Washington
– -$213K -5,787 Closed
OIM
41
Oder Investment Management
California
– +$502 +13 New
1
2

SOR Hedge Fund Activity: Q4 2020 in Review

38 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q4 2020, worth a combined $81.7M — up 8.1% from $75.6M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new SOR positions and 3 closed out — a net gain of 3 holders — while 8 added to existing stakes and 16 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $4.02M. The largest seller was Rivernorth Capital Management, cutting an estimated $6.43M.

  • 38 institutional investors held Source Capital (SOR) as of Q4 2020, up from 35 in Q3 2020.
  • Funds reported $81.7M of Source Capital stock for Q4 2020, up 8.1% quarter-over-quarter.
  • 6 funds opened new Source Capital positions in Q4 2020 and 3 closed out, a net change of +3 holders.
  • The largest Source Capital buyer in Q4 2020 was Saba Capital Management, an estimated $4.02M added.
  • The largest Source Capital seller in Q4 2020 was Rivernorth Capital Management, an estimated $6.43M sold.

Based on aggregated 13F filings for Q4 2020.