Source Capital
SOR
33 hedge funds and large institutions have $88.5M invested in Source Capital in 2021 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 16 increasing their positions, 8 reducing their positions, and 7 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
100% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 8
8% more capital invested
Capital invested by funds: $81.7M → $88.5M (+$6.78M)
0.23% less ownership
Funds ownership: 24.14% → 23.91% (-0.23%)
13% less funds holding
Funds holding: 38 → 33 (-5)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$2.06M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.04M |
| 3 |
LGWM
Litman Gregory Wealth Management
Larkspur,
California
|
+$326K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$291K |
| 5 |
Walleye Capital
New York
|
+$213K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.49M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$510K |
| 3 |
Millennium Management
New York
|
-$290K |
| 4 |
BCM
Breiter Capital Management
Bradenton,
Florida
|
-$266K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$250K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
26
Wolverine Asset Management
Chicago,
Illinois
| $49K | +$47.4K | +1,129 | New |
|
27
Citigroup
New York
| $44K | +$84 | +2 | +0.2% |
|
28
US Bancorp
Minneapolis,
Minnesota
| $31K | – | – | – |
|
|
HFA
29
HC Financial Advisors
Lafayette,
California
| $8K | – | – | – |
|
|
FF
30
FourThought Financial
Venice,
Florida
| $4K | – | – | – |
|
|
WT
31
Whittier Trust
South Pasadena,
California
| $4K | – | – | – |
|
|
JFGIW
32
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
| $2K | – | – | – |
|
|
33
Walleye Capital
New York
| $222 | +$213K | +5,075 | New |
|
|
34
Millennium Management
New York
| – | -$290K | -7,270 | Closed |
|
|
BCM
35
Breiter Capital Management
Bradenton,
Florida
| – | -$266K | -6,660 | Closed |
|
|
AA
36
AQR Arbitrage
Greenwich,
Connecticut
| – | -$250K | -6,260 | Closed |
|
|
RWA
37
Ropes Wealth Advisors
Boston,
Massachusetts
| – | -$58K | -1,457 | Closed |
|
|
PCG
38
Private Capital Group
West Hartford,
Connecticut
| – | -$29K | -732 | Closed |
|
|
TRCT
39
Tower Research Capital (TRC)
New York
| – | -$1K | -37 | Closed |
|
SOR Hedge Fund Activity: Q1 2021 in Review
33 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q1 2021, worth a combined $88.5M — up 8.3% from $81.7M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of SOR and 2 opened new positions — a net loss of 5 holders — while 8 trimmed existing stakes and 16 added.
The largest buyer was Saba Capital Management, adding an estimated $2.06M. The largest seller was Rivernorth Capital Management, cutting an estimated $3.49M.
- 33 institutional investors held Source Capital (SOR) as of Q1 2021, down from 38 in Q4 2020.
- Funds reported $88.5M of Source Capital stock for Q1 2021, up 8.3% quarter-over-quarter.
- 2 funds opened new Source Capital positions in Q1 2021 and 7 closed out, a net change of -5 holders.
- The largest Source Capital buyer in Q1 2021 was Saba Capital Management, an estimated $2.06M added.
- The largest Source Capital seller in Q1 2021 was Rivernorth Capital Management, an estimated $3.49M sold.
Based on aggregated 13F filings for Q1 2021.