Source Capital
SOR
30 hedge funds and large institutions have $83.6M invested in Source Capital in 2022 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 10 increasing their positions, 10 reducing their positions, and 8 closing their positions.
30% more capital invested
Capital invested by funds: $64.5M → $83.6M (+$19.1M)
2.35% more ownership
Funds ownership: 17.76% → 20.11% (+2.4%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 10
14% less funds holding
Funds holding: 35 → 30 (-5)
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Chemistry Wealth Management
New York
|
+$13.2M |
| 2 |
LGWM
Litman Gregory Wealth Management
Larkspur,
California
|
+$916K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$746K |
| 4 |
AIM
Anchor Investment Management
Columbia,
South Carolina
|
+$199K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$151K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$6.14M |
| 2 |
Walleye Capital
New York
|
-$455K |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$252K |
| 4 |
CSPIA
Cary Street Partners Investment Advisory
Richmond,
Virginia
|
-$235K |
| 5 |
MAA
Mraz Amerine & Associates
Modesto,
California
|
-$200K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Lazard Asset Management
New York
| $45K | -$5.87K | -140 | -11% |
|
27
Rockefeller Capital Management
New York
| $22K | +$22K | +525 | New |
|
|
HFA
28
HC Financial Advisors
Lafayette,
California
| $7K | – | – | – |
|
|
MTIC
29
Missouri Trust & Investment Company
Springfield,
Missouri
| $5K | – | – | – |
|
|
JFGIW
30
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
| $2K | – | – | – |
|
|
31
Walleye Capital
New York
| – | -$455K | -10,535 | Closed |
|
|
32
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$252K | -5,822 | Closed |
|
|
CSPIA
33
Cary Street Partners Investment Advisory
Richmond,
Virginia
| – | -$235K | -5,450 | Closed |
|
|
WFS
34
Widmann Financial Services
Bowie,
Maryland
| – | -$25K | -600 | Closed |
|
|
CT
35
Caldwell Trust
Venice,
Florida
| – | -$10.8K | -250 | Closed |
|
|
CWS
36
Confluence Wealth Services
Mcmurray,
Pennsylvania
| – | -$10K | -234 | Closed |
|
|
FF
37
FourThought Financial
Venice,
Florida
| – | -$5K | -109 | Closed |
|
SOR Hedge Fund Activity: Q1 2022 in Review
30 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q1 2022, worth a combined $83.6M — up 30% from $64.5M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of SOR and 3 opened new positions — a net loss of 5 holders — while 10 trimmed existing stakes and 10 added.
The largest buyer was Chemistry Wealth Management, opening a new position worth an estimated $13.2M. The largest seller was Saba Capital Management, cutting an estimated $6.14M.
- 30 institutional investors held Source Capital (SOR) as of Q1 2022, down from 35 in Q4 2021.
- Funds reported $83.6M of Source Capital stock for Q1 2022, up 30% quarter-over-quarter.
- 3 funds opened new Source Capital positions in Q1 2022 and 8 closed out, a net change of -5 holders.
- The largest Source Capital buyer in Q1 2022 was Chemistry Wealth Management, an estimated $13.2M added.
- The largest Source Capital seller in Q1 2022 was Saba Capital Management, an estimated $6.14M sold.
Based on aggregated 13F filings for Q1 2022.