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SOR

Source Capital
SOR

59 hedge funds and large institutions have $67.7M invested in Source Capital in 2015 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

200% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 6

73% more capital invested

Capital invested by funds: $39M → $67.7M (+$28.7M)

26% more funds holding

Funds holding: 47 → 59 (+12)

5.15% more ownership

Funds ownership: 6.65% → 11.8% (+5.1%)

8% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 13

Holders
59
Holders Change
+12
Holders Change %
+25.53%
% of All Funds
1.55%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.08%
New
18
Increased
12
Reduced
13
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BI
Bulldog Investors
New Jersey
+$14.4M
2
TJHA
Thomas J. Herzfeld Advisors
Florida
+$13.1M
3
DA
Doliver Advisors
Texas
+$2.76M
4
LCM
Landscape Capital Management
New Jersey
+$1.27M
5
RCM
Rivernorth Capital Management
Florida
+$1M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.93M
2
RJA
Raymond James & Associates
Florida
-$1.52M
3
Wells Fargo
Wells Fargo
California
-$1.39M
4
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$1.36M
5
RJFSA
Raymond James Financial Services Advisors
Florida
-$1.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
PAIM
51
Punch & Associates Investment Management
Minnesota
$32.4K +$33.3K +489 New
US Bancorp
52
US Bancorp
Minnesota
$18K – – –
Bessemer Group
53
Bessemer Group
New Jersey
$13K – – –
DSC
54
Duncker Streett & Co
Missouri
$10K – – –
Fifth Third Bancorp
55
Fifth Third Bancorp
Ohio
$9K – – –
GWM
56
Gupta Wealth Management
California
$8K +$8.38K +123 New
AIG
57
American International Group
New York
$3K – – –
JFGIW
58
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$3K – – –
SF
59
Synovus Financial
Georgia
$3K +$68 +1 +3%
1832 Asset Management
60
1832 Asset Management
Ontario, Canada
– -$1.36M -20,000 Closed
RJFSA
61
Raymond James Financial Services Advisors
Florida
– -$1.02M -15,118 Closed
AA
62
AQR Arbitrage
Connecticut
– -$275K -4,053 Closed
1CP
63
1607 Capital Partners
Virginia
– -$139K -2,056 Closed
CFSG
64
Community Financial Services Group
Vermont
– -$20K -300 Closed
HR
65
Howe & Rusling
New York
– -$7K -104 Closed
1 2
3

SOR Hedge Fund Activity: Q4 2015 in Review

59 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q4 2015, worth a combined $67.7M — up 73% from $39M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new SOR positions and 6 closed out — a net gain of 12 holders — while 12 added to existing stakes and 13 trimmed.

The largest buyer was Bulldog Investors, opening a new position worth an estimated $14.4M. The largest seller was Morgan Stanley, cutting an estimated $1.93M.

  • 59 institutional investors held Source Capital (SOR) as of Q4 2015, up from 47 in Q3 2015.
  • Funds reported $67.7M of Source Capital stock for Q4 2015, up 73% quarter-over-quarter.
  • 18 funds opened new Source Capital positions in Q4 2015 and 6 closed out, a net change of +12 holders.
  • The largest Source Capital buyer in Q4 2015 was Bulldog Investors, an estimated $14.4M added.
  • The largest Source Capital seller in Q4 2015 was Morgan Stanley, an estimated $1.93M sold.

Based on aggregated 13F filings for Q4 2015.