Source Capital
SOR
50 hedge funds and large institutions have $45.7M invested in Source Capital in 2017 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 17 reducing their positions, and 5 closing their positions.
33% more capital invested
Capital invested by funds: $34.4M → $45.7M (+$11.3M)
3.08% more ownership
Funds ownership: 11.05% → 14.13% (+3.1%)
4% less funds holding
Funds holding: 52 → 50 (-2)
18% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 17
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$3.03M |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
+$2.9M |
| 3 |
AGM
Alpine Global Management
New York
|
+$1.93M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.21M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.39M |
| 2 |
Citigroup
New York
|
-$581K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$504K |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$378K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$299K |
SOR Hedge Fund Activity: Q1 2017 in Review
50 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q1 2017, worth a combined $45.7M — up 33% from $34.4M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of SOR and 4 opened new positions — a net loss of 1 holder — while 17 trimmed existing stakes and 14 added.
The largest buyer was Bulldog Investors, opening a new position worth an estimated $3.03M. The largest seller was Curi RMB Capital, cutting an estimated $1.39M.
- 50 institutional investors held Source Capital (SOR) as of Q1 2017, down from 52 in Q4 2016.
- Funds reported $45.7M of Source Capital stock for Q1 2017, up 33% quarter-over-quarter.
- 4 funds opened new Source Capital positions in Q1 2017 and 5 closed out, a net change of -1 holder.
- The largest Source Capital buyer in Q1 2017 was Bulldog Investors, an estimated $3.03M added.
- The largest Source Capital seller in Q1 2017 was Curi RMB Capital, an estimated $1.39M sold.
Based on aggregated 13F filings for Q1 2017.