Source Capital
SOR
42 hedge funds and large institutions have $14.8M invested in Source Capital in 2016 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 11 reducing their positions, and 13 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 11
2.69% less ownership
Funds ownership: 7.34% → 4.65% (-2.7%)
13% less funds holding
Funds holding: 48 → 42 (-6)
35% less capital invested
Capital invested by funds: $22.9M → $14.8M (-$8.08M)
46% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$773K |
| 2 |
Invesco
Atlanta,
Georgia
|
+$566K |
| 3 |
Cohen & Steers
New York
|
+$421K |
| 4 |
AIM
AMI Investment Management
Kendallville,
Indiana
|
+$410K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$262K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$2.94M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$2.2M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$1.9M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$1.18M |
| 5 |
FFA
First Foundation Advisors
Irvine,
California
|
-$555K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AA
51
Apriem Advisors
Irvine,
California
| – | -$89K | -2,500 | Closed |
|
|
S
52
SignatureFD
Atlanta,
Georgia
| – | -$68K | -1,900 | Closed |
|
|
FANJ
53
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$15K | -420 | Closed |
|
54
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$5K | -130 | Closed |
|
|
AIG
55
American International Group
New York
| – | -$1K | -40 | Closed |
|
SOR Hedge Fund Activity: Q2 2016 in Review
42 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q2 2016, worth a combined $14.8M — down 35% from $22.9M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of SOR and 7 opened new positions — a net loss of 6 holders — while 11 trimmed existing stakes and 11 added.
The largest buyer was First Trust Advisors, opening a new position worth an estimated $773K. The largest seller was Bulldog Investors, exiting entirely with an estimated $2.94M sold.
- 42 institutional investors held Source Capital (SOR) as of Q2 2016, down from 48 in Q1 2016.
- Funds reported $14.8M of Source Capital stock for Q2 2016, down 35% quarter-over-quarter.
- 7 funds opened new Source Capital positions in Q2 2016 and 13 closed out, a net change of -6 holders.
- The largest Source Capital buyer in Q2 2016 was First Trust Advisors, an estimated $773K added.
- The largest Source Capital seller in Q2 2016 was Bulldog Investors, an estimated $2.94M sold.
Based on aggregated 13F filings for Q2 2016.