Source Capital
SOR
51 hedge funds and large institutions have $43.9M invested in Source Capital in 2018 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 14 increasing their positions, 17 reducing their positions, and 10 closing their positions.
4.55% less ownership
Funds ownership: 46.98% → 42.43% (-4.6%)
12% less funds holding
Funds holding: 58 → 51 (-7)
18% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 17
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
34% less capital invested
Capital invested by funds: $66.9M → $43.9M (-$23M)
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$1.63M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
+$541K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$406K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$352K |
| 5 |
Morgan Stanley
New York
|
+$347K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$8.17M |
| 2 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
-$4.03M |
| 3 |
Walleye Trading
New York
|
-$859K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$834K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$586K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RFA
51
Reilly Financial Advisors
La Mesa,
California
| $1K | – | – | – |
|
|
SF
52
Synovus Financial
Columbus,
Georgia
| $1K | +$73 | +2 | +10% |
|
|
CWM
53
Cornerstone Wealth Management
St. Peters,
Missouri
| – | -$4.03M | -163,416 | Closed |
|
|
WAM
54
Wolverine Asset Management
Chicago,
Illinois
| – | -$586K | -14,595 | Closed |
|
|
CRC
55
Curi RMB Capital
Chicago,
Illinois
| – | -$488K | -12,150 | Closed |
|
|
DA
56
Doliver Advisors
Houston,
Texas
| – | -$410K | -10,191 | Closed |
|
|
SWP
57
Stratos Wealth Partners
Beachwood,
Ohio
| – | -$318K | -7,917 | Closed |
|
|
AFG
58
Albion Financial Group
Salt Lake City,
Utah
| – | -$251K | -6,240 | Closed |
|
59
Envestnet Asset Management
Chicago,
Illinois
| – | -$206K | -5,123 | Closed |
|
60
UBS AM
Chicago,
Illinois
| – | -$84.4K | -2,100 | Closed |
|
|
CAL
61
Capital Advisors Ltd
Shaker Heights,
Ohio
| – | -$20K | -508 | Closed |
|
|
IA
62
IFP Advisors
Tampa,
Florida
| – | -$11K | -280 | Closed |
|
SOR Hedge Fund Activity: Q4 2018 in Review
51 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q4 2018, worth a combined $43.9M — down 34% from $66.9M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of SOR and 4 opened new positions — a net loss of 6 holders — while 17 trimmed existing stakes and 14 added.
The largest buyer was Wells Fargo, adding an estimated $1.63M. The largest seller was Shaker Financial Services, cutting an estimated $8.17M.
- 51 institutional investors held Source Capital (SOR) as of Q4 2018, down from 58 in Q3 2018.
- Funds reported $43.9M of Source Capital stock for Q4 2018, down 34% quarter-over-quarter.
- 4 funds opened new Source Capital positions in Q4 2018 and 10 closed out, a net change of -6 holders.
- The largest Source Capital buyer in Q4 2018 was Wells Fargo, an estimated $1.63M added.
- The largest Source Capital seller in Q4 2018 was Shaker Financial Services, an estimated $8.17M sold.
Based on aggregated 13F filings for Q4 2018.