Source Capital
SOR
52 hedge funds and large institutions have $34.4M invested in Source Capital in 2016 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 3 closing their positions.
200% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 3
65% more capital invested
Capital invested by funds: $20.9M → $34.4M (+$13.5M)
23% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 13
13% more funds holding
Funds holding: 46 → 52 (+6)
4.47% more ownership
Funds ownership: 6.57% → 11.05% (+4.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
+$2.77M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.86M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.82M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.8M |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$1.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$501K |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$311K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$226K |
| 4 |
Creative Planning
Overland Park,
Kansas
|
-$96.2K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$64K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JFGIW
51
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
| $1K | – | – | – |
|
|
RFA
52
Reilly Financial Advisors
La Mesa,
California
| $1K | – | – | – |
|
|
53
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$311K | -8,462 | Closed |
|
|
TRCT
54
Tower Research Capital (TRC)
New York
| – | -$4K | -99 | Closed |
|
|
TIM
55
Tortoise Investment Management
White Plains,
New York
| – | -$2K | -50 | Closed |
|
SOR Hedge Fund Activity: Q4 2016 in Review
52 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q4 2016, worth a combined $34.4M — up 65% from $20.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new SOR positions and 3 closed out — a net gain of 6 holders — while 16 added to existing stakes and 13 trimmed.
The largest buyer was Matisse Capital, opening a new position worth an estimated $2.77M. The largest seller was Morgan Stanley, cutting an estimated $501K.
- 52 institutional investors held Source Capital (SOR) as of Q4 2016, up from 46 in Q3 2016.
- Funds reported $34.4M of Source Capital stock for Q4 2016, up 65% quarter-over-quarter.
- 9 funds opened new Source Capital positions in Q4 2016 and 3 closed out, a net change of +6 holders.
- The largest Source Capital buyer in Q4 2016 was Matisse Capital, an estimated $2.77M added.
- The largest Source Capital seller in Q4 2016 was Morgan Stanley, an estimated $501K sold.
Based on aggregated 13F filings for Q4 2016.