Source Capital
SOR
35 hedge funds and large institutions have $64.5M invested in Source Capital in 2021 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
9% more funds holding
Funds holding: 32 → 35 (+3)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2.84% less ownership
Funds ownership: 20.6% → 17.76% (-2.8%)
16% less capital invested
Capital invested by funds: $76.7M → $64.5M (-$12.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.8M |
| 2 |
LGWM
Litman Gregory Wealth Management
Larkspur,
California
|
+$768K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$668K |
| 4 |
CICI
Capital Investment Counsel Inc
Raleigh,
North Carolina
|
+$552K |
| 5 |
CSPIA
Cary Street Partners Investment Advisory
Richmond,
Virginia
|
+$246K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$7.31M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$6M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$741K |
| 4 |
FAIM
Financial Advocates Investment Management
Olympia,
Washington
|
-$649K |
| 5 |
PC
Pecaut & Co
Sioux City,
Iowa
|
-$557K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
First Manhattan
New York
| $66K | – | – | – |
|
27
Lazard Asset Management
New York
| $53K | – | – | – |
|
|
WFS
28
Widmann Financial Services
Bowie,
Maryland
| $25K | +$27.1K | +600 | New |
|
|
CT
29
Caldwell Trust
Venice,
Florida
| $10.8K | – | – | – |
|
|
CWS
30
Confluence Wealth Services
Mcmurray,
Pennsylvania
| $10K | +$10.6K | +234 | New |
|
|
HFA
31
HC Financial Advisors
Lafayette,
California
| $8K | – | – | – |
|
|
FF
32
FourThought Financial
Venice,
Florida
| $5K | – | – | – |
|
|
MTIC
33
Missouri Trust & Investment Company
Springfield,
Missouri
| $5K | +$5.23K | +116 | New |
|
|
JFGIW
34
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
| $2K | – | – | – |
|
|
35
Ameriprise
Minneapolis,
Minnesota
| – | -$6M | -134,384 | Closed |
|
|
FAIM
36
Financial Advocates Investment Management
Olympia,
Washington
| – | -$649K | -12,844 | Closed |
|
|
GC
37
Guggenheim Capital
Chicago,
Illinois
| – | -$237K | -5,304 | Closed |
|
|
TIM
38
Tortoise Investment Management
White Plains,
New York
| – | -$24K | -531 | Closed |
|
39
Fidelity Investments
Boston,
Massachusetts
| – | +$271 | +6 | New |
|
SOR Hedge Fund Activity: Q4 2021 in Review
35 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q4 2021, worth a combined $64.5M — down 16% from $76.7M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new SOR positions and 4 closed out — a net gain of 3 holders — while 12 added to existing stakes and 8 trimmed.
The largest buyer was Raymond James & Associates, opening a new position worth an estimated $1.8M. The largest seller was Saba Capital Management, cutting an estimated $7.31M.
- 35 institutional investors held Source Capital (SOR) as of Q4 2021, up from 32 in Q3 2021.
- Funds reported $64.5M of Source Capital stock for Q4 2021, down 16% quarter-over-quarter.
- 7 funds opened new Source Capital positions in Q4 2021 and 4 closed out, a net change of +3 holders.
- The largest Source Capital buyer in Q4 2021 was Raymond James & Associates, an estimated $1.8M added.
- The largest Source Capital seller in Q4 2021 was Saba Capital Management, an estimated $7.31M sold.
Based on aggregated 13F filings for Q4 2021.