Source Capital
SOR
56 hedge funds and large institutions have $60.1M invested in Source Capital in 2018 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 18 increasing their positions, 10 reducing their positions, and 6 closing their positions.
80% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 10
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
16% more capital invested
Capital invested by funds: $51.7M → $60.1M (+$8.38M)
3.01% more ownership
Funds ownership: 42.13% → 45.14% (+3%)
2% more funds holding
Funds holding: 55 → 56 (+1)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Cornerstone Wealth Management
St. Peters,
Missouri
|
+$6.42M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2.15M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.09M |
| 4 |
Cohen & Steers
New York
|
+$444K |
| 5 |
Walleye Trading
New York
|
+$383K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Geode Capital Management
Boston,
Massachusetts
|
-$526K |
| 2 |
MC
Matisse Capital
Portland,
Oregon
|
-$444K |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$383K |
| 4 |
SRC
Stone Run Capital
New York
|
-$204K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$185K |
SOR Hedge Fund Activity: Q2 2018 in Review
56 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q2 2018, worth a combined $60.1M — up 16% from $51.7M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new SOR positions and 6 closed out — a net gain of 1 holder — while 18 added to existing stakes and 10 trimmed.
The largest buyer was Cornerstone Wealth Management, opening a new position worth an estimated $6.42M. The largest seller was Geode Capital Management, exiting entirely with an estimated $526K sold.
- 56 institutional investors held Source Capital (SOR) as of Q2 2018, up from 55 in Q1 2018.
- Funds reported $60.1M of Source Capital stock for Q2 2018, up 16% quarter-over-quarter.
- 7 funds opened new Source Capital positions in Q2 2018 and 6 closed out, a net change of +1 holder.
- The largest Source Capital buyer in Q2 2018 was Cornerstone Wealth Management, an estimated $6.42M added.
- The largest Source Capital seller in Q2 2018 was Geode Capital Management, an estimated $526K sold.
Based on aggregated 13F filings for Q2 2018.