Source Capital
SOR
44 hedge funds and large institutions have $46.7M invested in Source Capital in 2023 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 10 increasing their positions, 19 reducing their positions, and 6 closing their positions.
100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 6
25% more capital invested
Capital invested by funds: $37.2M → $46.7M (+$9.47M)
16% more funds holding
Funds holding: 38 → 44 (+6)
2.32% more ownership
Funds ownership: 11.64% → 13.96% (+2.3%)
47% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 19
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.45M |
| 2 |
MFIM
Mesirow Financial Investment Management
Chicago,
Illinois
|
+$2.93M |
| 3 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$606K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$366K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$319K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Chemistry Wealth Management
New York
|
-$1.21M |
| 2 |
SCM
Saba Capital Management
New York
|
-$970K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$680K |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
-$423K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$279K |
SOR Hedge Fund Activity: Q4 2023 in Review
44 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q4 2023, worth a combined $46.7M — up 25% from $37.2M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new SOR positions and 6 closed out — a net gain of 6 holders — while 10 added to existing stakes and 19 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $3.45M. The largest seller was Chemistry Wealth Management, cutting an estimated $1.21M.
- 44 institutional investors held Source Capital (SOR) as of Q4 2023, up from 38 in Q3 2023.
- Funds reported $46.7M of Source Capital stock for Q4 2023, up 25% quarter-over-quarter.
- 12 funds opened new Source Capital positions in Q4 2023 and 6 closed out, a net change of +6 holders.
- The largest Source Capital buyer in Q4 2023 was Morgan Stanley, an estimated $3.45M added.
- The largest Source Capital seller in Q4 2023 was Chemistry Wealth Management, an estimated $1.21M sold.
Based on aggregated 13F filings for Q4 2023.