Source Capital
SOR
48 hedge funds and large institutions have $46.4M invested in Source Capital in 2017 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 19 increasing their positions, 12 reducing their positions, and 6 closing their positions.
58% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 12
2% more capital invested
Capital invested by funds: $45.7M → $46.4M (+$710K)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.21% less ownership
Funds ownership: 14.13% → 13.92% (-0.21%)
4% less funds holding
Funds holding: 50 → 48 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$799K |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$779K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$674K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$662K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$496K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$2.73M |
| 2 |
AGM
Alpine Global Management
New York
|
-$1.23M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
-$1.19M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$617K |
| 5 |
Citigroup
New York
|
-$578K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MPWT
51
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$14.8K | -393 | Closed |
|
52
US Bancorp
Minneapolis,
Minnesota
| – | -$12K | -320 | Closed |
|
53
Bessemer Group
Woodbridge,
New Jersey
| – | -$8K | -200 | Closed |
|
|
SF
54
Synovus Financial
Columbus,
Georgia
| – | -$1K | -28 | Closed |
|
SOR Hedge Fund Activity: Q2 2017 in Review
48 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q2 2017, worth a combined $46.4M — up 1.6% from $45.7M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of SOR and 4 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 19 added.
The largest buyer was Thomas J. Herzfeld Advisors, adding an estimated $799K. The largest seller was Landscape Capital Management, exiting entirely with an estimated $2.73M sold.
- 48 institutional investors held Source Capital (SOR) as of Q2 2017, down from 50 in Q1 2017.
- Funds reported $46.4M of Source Capital stock for Q2 2017, up 1.6% quarter-over-quarter.
- 4 funds opened new Source Capital positions in Q2 2017 and 6 closed out, a net change of -2 holders.
- The largest Source Capital buyer in Q2 2017 was Thomas J. Herzfeld Advisors, an estimated $799K added.
- The largest Source Capital seller in Q2 2017 was Landscape Capital Management, an estimated $2.73M sold.
Based on aggregated 13F filings for Q2 2017.