Source Capital
SOR
32 hedge funds and large institutions have $45.8M invested in Source Capital in 2022 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 5 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
6% less funds holding
Funds holding: 34 → 32 (-2)
6.8% less ownership
Funds ownership: 22.45% → 15.65% (-6.8%)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
35% less capital invested
Capital invested by funds: $70.1M → $45.8M (-$24.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.79M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$614K |
| 3 |
NFG
Nations Financial Group
Cedar Rapids,
Iowa
|
+$491K |
| 4 |
Morgan Stanley
New York
|
+$458K |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$416K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NLP
Next Level Private
Harrison,
New York
|
-$11.6M |
| 2 |
SCM
Saba Capital Management
New York
|
-$6.45M |
| 3 |
LGWM
Litman Gregory Wealth Management
Larkspur,
California
|
-$5.28M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$801K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$365K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
First Manhattan
New York
| $54K | – | – | – |
|
27
Lazard Asset Management
New York
| $38K | – | – | – |
|
28
Rockefeller Capital Management
New York
| $18K | – | – | – |
|
|
BBPWM
29
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| $18K | +$18.8K | +500 | New |
|
|
MTIC
30
Missouri Trust & Investment Company
Springfield,
Missouri
| $4K | – | – | – |
|
|
FF
31
FourThought Financial
Venice,
Florida
| $3K | +$3.46K | +92 | New |
|
|
JFGIW
32
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
| $1K | – | – | – |
|
|
NLP
33
Next Level Private
Harrison,
New York
| – | -$11.6M | -311,465 | Closed |
|
|
LGWM
34
Litman Gregory Wealth Management
Larkspur,
California
| – | -$5.28M | -141,447 | Closed |
|
|
35
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$801K | -21,444 | Closed |
|
|
36
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$365K | -9,784 | Closed |
|
37
LPL Financial
San Diego,
California
| – | -$219K | -5,864 | Closed |
|
SOR Hedge Fund Activity: Q3 2022 in Review
32 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q3 2022, worth a combined $45.8M — down 35% from $70.1M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of SOR and 4 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 12 added.
The largest buyer was Shaker Financial Services, adding an estimated $1.79M. The largest seller was Next Level Private, exiting entirely with an estimated $11.6M sold.
- 32 institutional investors held Source Capital (SOR) as of Q3 2022, down from 34 in Q2 2022.
- Funds reported $45.8M of Source Capital stock for Q3 2022, down 35% quarter-over-quarter.
- 4 funds opened new Source Capital positions in Q3 2022 and 5 closed out, a net change of -1 holder.
- The largest Source Capital buyer in Q3 2022 was Shaker Financial Services, an estimated $1.79M added.
- The largest Source Capital seller in Q3 2022 was Next Level Private, an estimated $11.6M sold.
Based on aggregated 13F filings for Q3 2022.