Source Capital
SOR
38 hedge funds and large institutions have $76.7M invested in Source Capital in 2021 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 2 closing their positions.
250% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 2
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
15% more funds holding
Funds holding: 33 → 38 (+5)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3.64% less ownership
Funds ownership: 23.91% → 20.27% (-3.6%)
13% less capital invested
Capital invested by funds: $88.5M → $76.7M (-$11.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2.07M |
| 2 |
AIM
Anchor Investment Management
Columbia,
South Carolina
|
+$687K |
| 3 |
Walleye Capital
New York
|
+$532K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$277K |
| 5 |
Walleye Trading
New York
|
+$242K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$9.69M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.07M |
| 3 |
LGWM
Litman Gregory Wealth Management
Larkspur,
California
|
-$3.01M |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$416K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$341K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
26
Wolverine Asset Management
Chicago,
Illinois
| $81K | +$30.1K | +670 | +59% |
|
27
First Manhattan
New York
| $70K | – | – | – |
|
28
Lazard Asset Management
New York
| $55K | – | – | – |
|
29
Citigroup
New York
| $46K | +$180 | +4 | +0.4% |
|
30
US Bancorp
Minneapolis,
Minnesota
| $33K | – | – | – |
|
31
JP Morgan Chase
New York
| $30K | +$29.2K | +650 | New |
|
|
BWL
32
Bogart Wealth LLC
Mclean,
Virginia
| $9K | +$8.53K | +190 | New |
|
|
HFA
33
HC Financial Advisors
Lafayette,
California
| $8K | – | – | – |
|
|
WT
34
Whittier Trust
South Pasadena,
California
| $5K | – | – | – |
|
|
LGWM
35
Litman Gregory Wealth Management
Larkspur,
California
| $4.07K | -$3.01M | -67,161 | -94% |
|
|
FF
36
FourThought Financial
Venice,
Florida
| $4K | – | – | – |
|
|
JFGIW
37
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
| $2K | – | – | – |
|
|
38
Walleye Capital
New York
| $771 | +$532K | +11,862 | +234% |
|
|
BI
39
Bulldog Investors
Saddle Brook,
New Jersey
| – | -$9.69M | -221,586 | Closed |
|
|
RCM
40
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$5.07M | -115,867 | Closed |
|
SOR Hedge Fund Activity: Q2 2021 in Review
38 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q2 2021, worth a combined $76.7M — down 13% from $88.5M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new SOR positions and 2 closed out — a net gain of 5 holders — while 12 added to existing stakes and 10 trimmed.
The largest buyer was Shaker Financial Services, adding an estimated $2.07M. The largest seller was Bulldog Investors, exiting entirely with an estimated $9.69M sold.
- 38 institutional investors held Source Capital (SOR) as of Q2 2021, up from 33 in Q1 2021.
- Funds reported $76.7M of Source Capital stock for Q2 2021, down 13% quarter-over-quarter.
- 7 funds opened new Source Capital positions in Q2 2021 and 2 closed out, a net change of +5 holders.
- The largest Source Capital buyer in Q2 2021 was Shaker Financial Services, an estimated $2.07M added.
- The largest Source Capital seller in Q2 2021 was Bulldog Investors, an estimated $9.69M sold.
Based on aggregated 13F filings for Q2 2021.