Source Capital
SOR
34 hedge funds and large institutions have $70.1M invested in Source Capital in 2022 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 11 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
13% more funds holding
Funds holding: 30 → 34 (+4)
2.34% more ownership
Funds ownership: 20.11% → 22.45% (+2.3%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
16% less capital invested
Capital invested by funds: $83.6M → $70.1M (-$13.4M)
27% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NLP
Next Level Private
Harrison,
New York
|
+$12.1M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$835K |
| 3 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$540K |
| 4 |
LGWM
Litman Gregory Wealth Management
Larkspur,
California
|
+$436K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$267K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$3.88M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$3.13M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$202K |
| 4 |
Jones Financial Companies
Des Peres,
Missouri
|
-$145K |
| 5 |
MAA
Mraz Amerine & Associates
Modesto,
California
|
-$114K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SPIA
26
Steward Partners Investment Advisory
New York
| $141K | +$147K | +3,775 | New |
|
27
UBS Group
Zurich,
Switzerland
| $120K | -$20.9K | -537 | -14% |
|
28
Royal Bank of Canada
Toronto,
Ontario, Canada
| $74K | -$10.9K | -281 | -12% |
|
29
First Manhattan
New York
| $57K | – | – | – |
|
30
Lazard Asset Management
New York
| $40K | – | – | – |
|
31
Rockefeller Capital Management
New York
| $19K | – | – | – |
|
|
HFA
32
HC Financial Advisors
Lafayette,
California
| $6K | – | – | – |
|
|
MTIC
33
Missouri Trust & Investment Company
Springfield,
Missouri
| $4K | – | – | – |
|
|
JFGIW
34
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
| $1K | – | – | – |
|
|
35
HighTower Advisors
Chicago,
Illinois
| – | -$202K | -4,740 | Closed |
|
|
36
Jones Financial Companies
Des Peres,
Missouri
| – | -$145K | -3,450 | Closed |
|
SOR Hedge Fund Activity: Q2 2022 in Review
34 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q2 2022, worth a combined $70.1M — down 16% from $83.6M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new SOR positions and 2 closed out — a net gain of 4 holders — while 8 added to existing stakes and 11 trimmed.
The largest buyer was Next Level Private, opening a new position worth an estimated $12.1M. The largest seller was Saba Capital Management, cutting an estimated $3.88M.
- 34 institutional investors held Source Capital (SOR) as of Q2 2022, up from 30 in Q1 2022.
- Funds reported $70.1M of Source Capital stock for Q2 2022, down 16% quarter-over-quarter.
- 6 funds opened new Source Capital positions in Q2 2022 and 2 closed out, a net change of +4 holders.
- The largest Source Capital buyer in Q2 2022 was Next Level Private, an estimated $12.1M added.
- The largest Source Capital seller in Q2 2022 was Saba Capital Management, an estimated $3.88M sold.
Based on aggregated 13F filings for Q2 2022.