Source Capital
SOR
52 hedge funds and large institutions have $41.6M invested in Source Capital in 2015 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 19 increasing their positions, 9 reducing their positions, and 5 closing their positions.
111% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 9
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.22% less ownership
Funds ownership: 6.82% → 6.61% (-0.22%)
4% less capital invested
Capital invested by funds: $43.3M → $41.6M (-$1.73M)
5% less funds holding
Funds holding: 55 → 52 (-3)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.6M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$586K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$336K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$247K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$225K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.85M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.43M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$610K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$241K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
-$220K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SF
51
Synovus Financial
Columbus,
Georgia
| $3K | +$74 | +1 | +3% |
|
|
AIG
52
American International Group
New York
| $2.91K | +$2.95K | +40 | New |
|
|
CA
53
Cornerstone Advisors
Asheville,
North Carolina
| – | -$1.43M | -19,525 | Closed |
|
|
LCM
54
Landscape Capital Management
Englewood,
New Jersey
| – | -$241K | -3,283 | Closed |
|
|
55
Creative Planning
Overland Park,
Kansas
| – | -$220K | -3,000 | Closed |
|
|
TNB
56
Thomasville National Bank
Thomasville,
Georgia
| – | -$42K | -575 | Closed |
|
|
PMFA
57
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$5K | -73 | Closed |
|
SOR Hedge Fund Activity: Q2 2015 in Review
52 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q2 2015, worth a combined $41.6M — down 4% from $43.3M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of SOR and 3 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 19 added.
The largest buyer was Morgan Stanley, adding an estimated $1.6M. The largest seller was Karpus Investment Management, cutting an estimated $1.85M.
- 52 institutional investors held Source Capital (SOR) as of Q2 2015, down from 55 in Q1 2015.
- Funds reported $41.6M of Source Capital stock for Q2 2015, down 4% quarter-over-quarter.
- 3 funds opened new Source Capital positions in Q2 2015 and 5 closed out, a net change of -2 holders.
- The largest Source Capital buyer in Q2 2015 was Morgan Stanley, an estimated $1.6M added.
- The largest Source Capital seller in Q2 2015 was Karpus Investment Management, an estimated $1.85M sold.
Based on aggregated 13F filings for Q2 2015.