Source Capital
SOR
55 hedge funds and large institutions have $51.7M invested in Source Capital in 2018 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 16 increasing their positions, 10 reducing their positions, and 5 closing their positions.
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
60% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 10
28.35% more ownership
Funds ownership: 13.78% → 42.13% (+28%)
12% more funds holding
Funds holding: 49 → 55 (+6)
8% more capital invested
Capital invested by funds: $47.8M → $51.7M (+$3.86M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IC
Intersect Capital
San Ramon,
California
|
+$99.1M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$775K |
| 3 |
PC
Pecaut & Co
Sioux City,
Iowa
|
+$671K |
| 4 |
AIM
AMI Investment Management
Kendallville,
Indiana
|
+$440K |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$434K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Geode Capital Management
Boston,
Massachusetts
|
-$686K |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
-$496K |
| 3 |
LI
Lafayette Investments
Ashton,
Maryland
|
-$270K |
| 4 |
Cohen & Steers
New York
|
-$224K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$179K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LNB
51
Ledyard National Bank
| $2K | – | – | – |
|
|
MRCM
52
M&R Capital Management
Summit,
New Jersey
| $2K | – | – | – |
|
|
GRP
53
Global Retirement Partners
San Rafael,
California
| $1K | – | – | – |
|
|
RFA
54
Reilly Financial Advisors
La Mesa,
California
| $1K | – | – | – |
|
|
SF
55
Synovus Financial
Columbus,
Georgia
| $1K | +$826 | +20 | New |
|
|
LI
56
Lafayette Investments
Ashton,
Maryland
| – | -$270K | -6,635 | Closed |
|
57
DZ Bank
Frankfurt Am Main,
Germany
| – | -$82K | -2,010 | Closed |
|
|
MSA
58
Marino Stram & Associates
Braintree,
Massachusetts
| – | -$37K | -916 | Closed |
|
|
CB
59
Community Bank
Dewitt,
New York
| – | -$11K | -275 | Closed |
|
SOR Hedge Fund Activity: Q1 2018 in Review
55 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q1 2018, worth a combined $51.7M — up 8.1% from $47.8M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new SOR positions and 5 closed out — a net gain of 6 holders — while 16 added to existing stakes and 10 trimmed.
The largest buyer was Intersect Capital, opening a new position worth an estimated $99.1M. The largest seller was Geode Capital Management, cutting an estimated $686K.
- 55 institutional investors held Source Capital (SOR) as of Q1 2018, up from 49 in Q4 2017.
- Funds reported $51.7M of Source Capital stock for Q1 2018, up 8.1% quarter-over-quarter.
- 11 funds opened new Source Capital positions in Q1 2018 and 5 closed out, a net change of +6 holders.
- The largest Source Capital buyer in Q1 2018 was Intersect Capital, an estimated $99.1M added.
- The largest Source Capital seller in Q1 2018 was Geode Capital Management, an estimated $686K sold.
Based on aggregated 13F filings for Q1 2018.