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SOR

Source Capital
SOR

48 hedge funds and large institutions have $22.9M invested in Source Capital in 2016 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 12

4.47% less ownership

Funds ownership: 11.8% → 7.34% (-4.5%)

19% less funds holding

Funds holding: 59 → 48 (-11)

55% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 20

66% less capital invested

Capital invested by funds: $67.7M → $22.9M (-$44.8M)

100% less funds holding in top 10

Funds holding in top 10: 3 → 0 (-3)

Holders
48
Holders Change
-11
Holders Change %
-18.64%
% of All Funds
1.28%
Holding in Top 10
–
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-100%
% of All Funds
–
New
9
Increased
16
Reduced
12
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PC
Pecaut & Co
Iowa
+$3.71M
2
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$1.99M
3
Cohen & Steers
Cohen & Steers
New York
+$1.18M
4
DA
Doliver Advisors
Texas
+$757K
5
MAA
Mraz Amerine & Associates
California
+$481K

Top Sellers

Rank Fund Capital Flow
1
TJHA
Thomas J. Herzfeld Advisors
Florida
-$7.92M
2
BI
Bulldog Investors
New Jersey
-$7.73M
3
Morgan Stanley
Morgan Stanley
New York
-$4.62M
4
Wells Fargo
Wells Fargo
California
-$2.91M
5
First Trust Advisors
First Trust Advisors
Illinois
-$2.17M
Name Holding Trade Value Shares
Change 		Change in
Stake
RCM
51
Rivernorth Capital Management
Florida
– -$975K -14,720 Closed
SRC
52
Stone Run Capital
New York
– -$908K -13,700 Closed
SG Americas Securities
53
SG Americas Securities
New York
– -$828K -12,490 Closed
SFS
54
Shaker Financial Services
Virginia
– -$710K -10,719 Closed
WAM
55
Weiss Asset Management
Massachusetts
– -$653K -9,853 Closed
Squarepoint
56
Squarepoint
New York
– -$398K -6,000 Closed
NL
57
NWAM LLC
Washington
– -$329K -4,965 Closed
VKH
58
Virtu KCG Holdings
New York
– -$312K -4,706 Closed
WHRC
59
W.H. Reaves & Co
New Jersey
– -$301K -4,550 Closed
FC
60
Fiduciary Counselling
Minnesota
– -$293K -4,421 Closed
CBB
61
Citizens Business Bank
California
– -$216K -3,266 Closed
TC
62
Telemus Capital
Michigan
– -$215K -3,250 Closed
SHA
63
Smith Hayes Advisers
Nebraska
– -$204K -3,075 Closed
FMA
64
FNY Managed Accounts
New York
– -$113K -1,700 Closed
BBPWM
65
Blue Bell Private Wealth Management
Pennsylvania
– -$56K -850 Closed
IA
66
IFP Advisors
Florida
– -$39K -590 Closed
PAIM
67
Punch & Associates Investment Management
Minnesota
– -$32.4K -489 Closed
GWM
68
Gupta Wealth Management
California
– -$8K -123 Closed
1 2
3

SOR Hedge Fund Activity: Q1 2016 in Review

48 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q1 2016, worth a combined $22.9M — down 66% from $67.7M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of SOR and 9 opened new positions — a net loss of 11 holders — while 12 trimmed existing stakes and 16 added.

The largest buyer was Pecaut & Co, opening a new position worth an estimated $3.71M. The largest seller was Thomas J. Herzfeld Advisors, cutting an estimated $7.92M.

  • 48 institutional investors held Source Capital (SOR) as of Q1 2016, down from 59 in Q4 2015.
  • Funds reported $22.9M of Source Capital stock for Q1 2016, down 66% quarter-over-quarter.
  • 9 funds opened new Source Capital positions in Q1 2016 and 20 closed out, a net change of -11 holders.
  • The largest Source Capital buyer in Q1 2016 was Pecaut & Co, an estimated $3.71M added.
  • The largest Source Capital seller in Q1 2016 was Thomas J. Herzfeld Advisors, an estimated $7.92M sold.

Based on aggregated 13F filings for Q1 2016.