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SOR

Source Capital
SOR

51 hedge funds and large institutions have $46.3M invested in Source Capital in 2019 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 10 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

110% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 10

0% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 6

2% less funds holding

Funds holding: 52 → 51 (-1)

15% less capital invested

Capital invested by funds: $54.4M → $46.3M (-$8.15M)

27.02% less ownership

Funds ownership: 44.39% → 17.37% (-27%)

Holders
51
Holders Change
-1
Holders Change %
-1.92%
% of All Funds
1.11%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.04%
New
6
Increased
21
Reduced
10
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CRC
Curi RMB Capital
Illinois
+$869K
2
RCM
Rivernorth Capital Management
Florida
+$824K
3
BI
Bulldog Investors
New Jersey
+$790K
4
SFS
Shaker Financial Services
Virginia
+$740K
5
Geode Capital Management
Geode Capital Management
Massachusetts
+$517K

Top Sellers

Rank Fund Capital Flow
1
IC
Intersect Capital
California
-$2.4M
2
Cohen & Steers
Cohen & Steers
New York
-$571K
3
PAS
Park Avenue Securities
New York
-$233K
4
GC
Guggenheim Capital
Illinois
-$64.9K
5
HighTower Advisors
HighTower Advisors
Illinois
-$63.5K
Name Holding Trade Value Shares
Change 		Change in
Stake
IC
51
Intersect Capital
California
– -$2.4M -2,400,000 Closed
PAS
52
Park Avenue Securities
New York
– -$233K -6,429 Closed
RFC
53
Regions Financial Corp
Alabama
– -$54K -1,491 Closed
AIC
54
Ameritas Investment Company
Nebraska
– -$9K -240 Closed
SWM
55
SeaCrest Wealth Management
New York
– -$8K -210 Closed
FHB
56
First Hawaiian Bank
Hawaii
– -$2K -65 Closed
CTC
57
Central Trust Company
Missouri
– +$363 +10 New
1 2
3

SOR Hedge Fund Activity: Q2 2019 in Review

51 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q2 2019, worth a combined $46.3M — down 15% from $54.4M a quarter earlier.

Fund positioning in SOR was balanced in Q2 2019: 6 funds opened new positions, 6 closed out, 21 added to existing stakes and 10 trimmed.

The largest buyer was Curi RMB Capital, opening a new position worth an estimated $869K. The largest seller was Intersect Capital, exiting entirely with an estimated $2.4M sold.

  • 51 institutional investors held Source Capital (SOR) as of Q2 2019, down from 52 in Q1 2019.
  • Funds reported $46.3M of Source Capital stock for Q2 2019, down 15% quarter-over-quarter.
  • 6 funds opened new Source Capital positions in Q2 2019 and 6 closed out, a net change of 0 holders.
  • The largest Source Capital buyer in Q2 2019 was Curi RMB Capital, an estimated $869K added.
  • The largest Source Capital seller in Q2 2019 was Intersect Capital, an estimated $2.4M sold.

Based on aggregated 13F filings for Q2 2019.