Source Capital
SOR
61 hedge funds and large institutions have $45.6M invested in Source Capital in 2014 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 22 increasing their positions, 11 reducing their positions, and 2 closing their positions.
400% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 2
100% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 11
15% more capital invested
Capital invested by funds: $39.6M → $45.6M (+$6.02M)
7% more funds holding
Funds holding: 57 → 61 (+4)
0.35% more ownership
Funds ownership: 7.04% → 7.38% (+0.35%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$1.49M |
| 2 |
Morgan Stanley
New York
|
+$1.35M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$556K |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$329K |
| 5 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$323K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.44M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.22M |
| 3 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$460K |
| 4 |
First Manhattan
New York
|
-$200K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$162K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Bessemer Group
Woodbridge,
New Jersey
| $14K | – | – | – |
|
|
TRCT
52
Tower Research Capital (TRC)
New York
| $14K | +$2.24K | +33 | +20% |
|
|
NPC
53
National Planning Corporation
El Segundo,
California
| $12.9K | +$12.8K | +188 | New |
|
|
DSC
54
Duncker Streett & Co
St. Louis,
Missouri
| $11K | – | – | – |
|
55
Fifth Third Bancorp
Cincinnati,
Ohio
| $9K | -$21.7K | -320 | -71% |
|
|
FMB
56
Field & Main Bank
Henderson,
Kentucky
| $7K | – | – | – |
|
|
HR
57
Howe & Rusling
Rochester,
New York
| $7K | – | – | – |
|
|
JFGIW
58
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
| $3K | – | – | – |
|
|
SF
59
Synovus Financial
Columbus,
Georgia
| $3K | +$2.65K | +39 | New |
|
|
SSB
60
Sandy Spring Bank
Olney,
Maryland
| $1K | – | – | – |
|
|
CAN
61
Cetera Advisor Networks
El Segundo,
California
| – | -$460K | -7,129 | Closed |
|
|
GGPS
62
Gary Goldberg Planning Services
Suffern,
New York
| – | -$14K | -210 | Closed |
|
|
BIM
63
BlackRock Investment Management
Wilmington,
Delaware
| – | +$68 | +1 | New |
|
SOR Hedge Fund Activity: Q4 2014 in Review
61 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q4 2014, worth a combined $45.6M — up 15% from $39.6M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new SOR positions and 2 closed out — a net gain of 8 holders — while 22 added to existing stakes and 11 trimmed.
The largest buyer was Weiss Asset Management, opening a new position worth an estimated $1.49M. The largest seller was Wolverine Asset Management, cutting an estimated $1.44M.
- 61 institutional investors held Source Capital (SOR) as of Q4 2014, up from 57 in Q3 2014.
- Funds reported $45.6M of Source Capital stock for Q4 2014, up 15% quarter-over-quarter.
- 10 funds opened new Source Capital positions in Q4 2014 and 2 closed out, a net change of +8 holders.
- The largest Source Capital buyer in Q4 2014 was Weiss Asset Management, an estimated $1.49M added.
- The largest Source Capital seller in Q4 2014 was Wolverine Asset Management, an estimated $1.44M sold.
Based on aggregated 13F filings for Q4 2014.