Source Capital
SOR
47 hedge funds and large institutions have $39M invested in Source Capital in 2015 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 7 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 8
0.04% more ownership
Funds ownership: 6.61% → 6.65% (+0.04%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less capital invested
Capital invested by funds: $41.6M → $39M (-$2.58M)
10% less funds holding
Funds holding: 52 → 47 (-5)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.15M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$1.08M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$538K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$436K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
+$214K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$853K |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$710K |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$533K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$478K |
| 5 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$429K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GC
51
Guggenheim Capital
Chicago,
Illinois
| – | -$316K | -4,348 | Closed |
|
52
Stifel Financial
St. Louis,
Missouri
| – | -$226K | -3,106 | Closed |
|
|
NFG
53
Next Financial Group
Houston,
Texas
| – | -$21K | -300 | Closed |
|
|
TRCT
54
Tower Research Capital (TRC)
New York
| – | -$5K | -75 | Closed |
|
SOR Hedge Fund Activity: Q3 2015 in Review
47 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q3 2015, worth a combined $39M — down 6.2% from $41.6M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of SOR and 3 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 15 added.
The largest buyer was Morgan Stanley, adding an estimated $1.15M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $853K sold.
- 47 institutional investors held Source Capital (SOR) as of Q3 2015, down from 52 in Q2 2015.
- Funds reported $39M of Source Capital stock for Q3 2015, down 6.2% quarter-over-quarter.
- 3 funds opened new Source Capital positions in Q3 2015 and 7 closed out, a net change of -4 holders.
- The largest Source Capital buyer in Q3 2015 was Morgan Stanley, an estimated $1.15M added.
- The largest Source Capital seller in Q3 2015 was Karpus Investment Management, an estimated $853K sold.
Based on aggregated 13F filings for Q3 2015.