Source Capital
SOR
44 hedge funds and large institutions have $44.6M invested in Source Capital in 2017 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 6 closing their positions.
15% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 13
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less capital invested
Capital invested by funds: $46.4M → $44.6M (-$1.86M)
1.09% less ownership
Funds ownership: 13.92% → 12.83% (-1.1%)
8% less funds holding
Funds holding: 48 → 44 (-4)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$3.01M |
| 2 |
PC
Pecaut & Co
Sioux City,
Iowa
|
+$705K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$640K |
| 4 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$407K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$300K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
-$4.42M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
-$882K |
| 3 |
AGM
Alpine Global Management
New York
|
-$766K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$683K |
| 5 |
HFS
HL Financial Services
Louisville,
Kentucky
|
-$596K |
SOR Hedge Fund Activity: Q3 2017 in Review
44 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q3 2017, worth a combined $44.6M — down 4% from $46.4M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of SOR and 3 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 15 added.
The largest buyer was Bulldog Investors, adding an estimated $3.01M. The largest seller was Matisse Capital, cutting an estimated $4.42M.
- 44 institutional investors held Source Capital (SOR) as of Q3 2017, down from 48 in Q2 2017.
- Funds reported $44.6M of Source Capital stock for Q3 2017, down 4% quarter-over-quarter.
- 3 funds opened new Source Capital positions in Q3 2017 and 6 closed out, a net change of -3 holders.
- The largest Source Capital buyer in Q3 2017 was Bulldog Investors, an estimated $3.01M added.
- The largest Source Capital seller in Q3 2017 was Matisse Capital, an estimated $4.42M sold.
Based on aggregated 13F filings for Q3 2017.