Source Capital
SOR
52 hedge funds and large institutions have $38.1M invested in Source Capital in 2014 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 15 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
13% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 15
9% more capital invested
Capital invested by funds: $34.8M → $38.1M (+$3.29M)
6% more funds holding
Funds holding: 49 → 52 (+3)
0.43% more ownership
Funds ownership: 5.86% → 6.29% (+0.43%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.77M |
| 2 |
Morgan Stanley
New York
|
+$695K |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$683K |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$662K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$571K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HSBC Holdings
London,
United Kingdom
|
-$1.62M |
| 2 |
Goldman Sachs
New York
|
-$561K |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$439K |
| 4 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$73.4K |
| 5 |
LPL Financial
San Diego,
California
|
-$70.9K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1IC
51
1919 Investment Counsel
Baltimore,
Maryland
| $1K | – | – | – |
|
|
SSB
52
Sandy Spring Bank
Olney,
Maryland
| $1K | – | – | – |
|
|
53
HSBC Holdings
London,
United Kingdom
| – | -$1.62M | -23,525 | Closed |
|
|
TC
54
TFS Capital
West Chester,
Pennsylvania
| – | -$439K | -6,397 | Closed |
|
|
GT
55
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$49K | -717 | Closed |
|
SOR Hedge Fund Activity: Q2 2014 in Review
52 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q2 2014, worth a combined $38.1M — up 9.4% from $34.8M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new SOR positions and 3 closed out — a net gain of 3 holders — while 17 added to existing stakes and 15 trimmed.
The largest buyer was Wolverine Asset Management, adding an estimated $1.77M. The largest seller was HSBC Holdings, exiting entirely with an estimated $1.62M sold.
- 52 institutional investors held Source Capital (SOR) as of Q2 2014, up from 49 in Q1 2014.
- Funds reported $38.1M of Source Capital stock for Q2 2014, up 9.4% quarter-over-quarter.
- 6 funds opened new Source Capital positions in Q2 2014 and 3 closed out, a net change of +3 holders.
- The largest Source Capital buyer in Q2 2014 was Wolverine Asset Management, an estimated $1.77M added.
- The largest Source Capital seller in Q2 2014 was HSBC Holdings, an estimated $1.62M sold.
Based on aggregated 13F filings for Q2 2014.