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SOR

Source Capital
SOR

49 hedge funds and large institutions have $47.8M invested in Source Capital in 2017 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 18 increasing their positions, 8 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 8

100% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 5

11% more funds holding

Funds holding: 44 → 49 (+5)

7% more capital invested

Capital invested by funds: $44.6M → $47.8M (+$3.28M)

0.96% more ownership

Funds ownership: 12.83% → 13.78% (+0.96%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
49
Holders Change
+5
Holders Change %
+11.36%
% of All Funds
1.11%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
10
Increased
18
Reduced
8
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
+$1.08M
2
HighTower Advisors
HighTower Advisors
Illinois
+$677K
3
Walleye Trading
Walleye Trading
New York
+$626K
4
Ameriprise
Ameriprise
Minnesota
+$546K
5
Cohen & Steers
Cohen & Steers
New York
+$478K

Top Sellers

Rank Fund Capital Flow
1
MIG
Mariner Investment Group
New York
-$785K
2
CRC
Curi RMB Capital
Illinois
-$437K
3
CA
Cornerstone Advisors
North Carolina
-$297K
4
MC
Matisse Capital
Oregon
-$277K
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$201K
Name Holding Trade Value Shares
Change 		Change in
Stake
BI
1
Bulldog Investors
New Jersey
$7.39M +$113K +2,802 +2%
SFS
2
Shaker Financial Services
Virginia
$7.17M +$1.08M +26,714 +18%
PC
3
Pecaut & Co
Iowa
$4.26M +$217K +5,358 +5%
TJHA
4
Thomas J. Herzfeld Advisors
Florida
$3.55M +$18.2K +450 +0.5%
Cohen & Steers
5
Cohen & Steers
New York
$2.77M +$478K +11,811 +21%
MAA
6
Mraz Amerine & Associates
California
$2.38M +$4.49K +111 +0.2%
CA
7
Cornerstone Advisors
North Carolina
$2.29M -$297K -7,346 -12%
First Trust Advisors
8
First Trust Advisors
Illinois
$2.2M +$107K +2,636 +5%
Ameriprise
9
Ameriprise
Minnesota
$2.15M +$546K +13,497 +34%
DADC
10
D.A. Davidson & Co
Montana
$2M +$203K +5,027 +11%
Bank of America
11
Bank of America
North Carolina
$1.81M +$81.7K +2,018 +5%
HighTower Advisors
12
HighTower Advisors
Illinois
$1.55M +$677K +16,713 +78%
MC
13
Matisse Capital
Oregon
$1.53M -$277K -6,846 -15%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$1.22M -$34.2K -845 -3%
UBS Group
15
UBS Group
Switzerland
$963K +$83.5K +2,063 +10%
Wells Fargo
16
Wells Fargo
California
$514K +$255K +6,308 +100%
GC
17
Guggenheim Capital
Illinois
$448K +$78K +1,926 +21%
AIM
18
AMI Investment Management
Indiana
$445K – – –
PNC Financial Services Group
19
PNC Financial Services Group
Pennsylvania
$407K -$73.5K -1,817 -15%
BCM
20
Breiter Capital Management
Florida
$392K +$390K +9,628 New
CCM
21
Cohen Capital Management
California
$390K – – –
SWP
22
Stratos Wealth Partners
Ohio
$361K -$5.67K -140 -2%
Morgan Stanley
23
Morgan Stanley
New York
$289K +$123K +3,035 +75%
LI
24
Lafayette Investments
Maryland
$270K +$4.45K +110 +2%
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$225K +$25.7K +634 +13%
1
2 3

SOR Hedge Fund Activity: Q4 2017 in Review

49 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q4 2017, worth a combined $47.8M — up 7.4% from $44.6M a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new SOR positions and 5 closed out — a net gain of 5 holders — while 18 added to existing stakes and 8 trimmed.

The largest buyer was Shaker Financial Services, adding an estimated $1.08M. The largest seller was Mariner Investment Group, exiting entirely with an estimated $785K sold.

  • 49 institutional investors held Source Capital (SOR) as of Q4 2017, up from 44 in Q3 2017.
  • Funds reported $47.8M of Source Capital stock for Q4 2017, up 7.4% quarter-over-quarter.
  • 10 funds opened new Source Capital positions in Q4 2017 and 5 closed out, a net change of +5 holders.
  • The largest Source Capital buyer in Q4 2017 was Shaker Financial Services, an estimated $1.08M added.
  • The largest Source Capital seller in Q4 2017 was Mariner Investment Group, an estimated $785K sold.

Based on aggregated 13F filings for Q4 2017.