Source Capital
SOR
59 hedge funds and large institutions have $67.7M invested in Source Capital in 2015 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 12 increasing their positions, 13 reducing their positions, and 6 closing their positions.
316% more capital inflows, than outflows
Capital inflows: $39.9M | Capital outflows: $9.6M
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
200% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 6
26% more funds holding
Funds holding: 47 → 59 (+12)
5.15% more ownership
Funds ownership: 6.65% → 11.8% (+5.1%)
8% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bulldog Investors
Saddle Brook,
New Jersey
|
+$14.4M |
| 2 |
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$13.1M |
| 3 |
Doliver Advisors
Houston,
Texas
|
+$2.76M |
| 4 |
Landscape Capital Management
Englewood,
New Jersey
|
+$1.27M |
| 5 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.93M |
| 2 |
Raymond James & Associates
St Petersburg,
Florida
|
-$1.52M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.39M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$1.36M |
| 5 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.02M |
SOR Hedge Fund Activity: Q4 2015 in Review
59 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q4 2015, worth a combined $67.7M — up 73% from $39M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new SOR positions and 6 closed out — a net gain of 12 holders — while 12 added to existing stakes and 13 trimmed.
The largest buyer was Bulldog Investors, opening a new position worth an estimated $14.4M. The largest seller was Morgan Stanley, cutting an estimated $1.93M.
- 59 institutional investors held Source Capital (SOR) as of Q4 2015, up from 47 in Q3 2015.
- Funds reported $67.7M of Source Capital stock for Q4 2015, up 73% quarter-over-quarter.
- 18 funds opened new Source Capital positions in Q4 2015 and 6 closed out, a net change of +12 holders.
- The largest Source Capital buyer in Q4 2015 was Bulldog Investors, an estimated $14.4M added.
- The largest Source Capital seller in Q4 2015 was Morgan Stanley, an estimated $1.93M sold.
Based on aggregated 13F filings for Q4 2015.