Source Capital
SOR
50 hedge funds and large institutions have $55.7M invested in Source Capital in 2019 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 13 reducing their positions, and 7 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 13
20% more capital invested
Capital invested by funds: $46.3M → $55.7M (+$9.42M)
1.35% more ownership
Funds ownership: 17.37% → 18.72% (+1.4%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
2% less funds holding
Funds holding: 51 → 50 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.64M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$908K |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$806K |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
+$530K |
| 5 |
AIM
AMI Investment Management
Kendallville,
Indiana
|
+$474K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$1.1M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$536K |
| 3 |
PC
Pecaut & Co
Sioux City,
Iowa
|
-$278K |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
-$275K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$201K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BBPWM
51
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
| – | -$142K | -3,888 | Closed |
|
|
SBL
52
Sargent Bickham Lagudis
Boulder,
Colorado
| – | -$59K | -1,620 | Closed |
|
|
DWM
53
Destination Wealth Management
Walnut Creek,
California
| – | -$45K | -1,226 | Closed |
|
54
JP Morgan Chase
New York
| – | -$4K | -116 | Closed |
|
|
RFA
55
Reilly Financial Advisors
La Mesa,
California
| – | -$1K | -29 | Closed |
|
56
Fidelity Investments
Boston,
Massachusetts
| – | +$36 | +1 | New |
|
SOR Hedge Fund Activity: Q3 2019 in Review
50 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q3 2019, worth a combined $55.7M — up 20% from $46.3M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of SOR and 6 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 18 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $1.64M. The largest seller was Cohen & Steers, cutting an estimated $1.1M.
- 50 institutional investors held Source Capital (SOR) as of Q3 2019, down from 51 in Q2 2019.
- Funds reported $55.7M of Source Capital stock for Q3 2019, up 20% quarter-over-quarter.
- 6 funds opened new Source Capital positions in Q3 2019 and 7 closed out, a net change of -1 holder.
- The largest Source Capital buyer in Q3 2019 was Rivernorth Capital Management, an estimated $1.64M added.
- The largest Source Capital seller in Q3 2019 was Cohen & Steers, an estimated $1.1M sold.
Based on aggregated 13F filings for Q3 2019.