Source Capital
SOR
57 hedge funds and large institutions have $62.9M invested in Source Capital in 2018 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 12 reducing their positions, and 5 closing their positions.
75% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 12
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
12% more capital invested
Capital invested by funds: $56.1M → $62.9M (+$6.82M)
4% more funds holding
Funds holding: 55 → 57 (+2)
1.8% more ownership
Funds ownership: 43.29% → 45.09% (+1.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$1.94M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.24M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$710K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$638K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$588K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
-$252K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$213K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$205K |
| 4 |
PC
Pecaut & Co
Sioux City,
Iowa
|
-$203K |
| 5 |
SPIA
Steward Partners Investment Advisory
New York
|
-$80K |
SOR Hedge Fund Activity: Q3 2018 in Review
57 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q3 2018, worth a combined $62.9M — up 12% from $56.1M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new SOR positions and 5 closed out — a net gain of 2 holders — while 21 added to existing stakes and 12 trimmed.
The largest buyer was Bulldog Investors, adding an estimated $1.94M. The largest seller was Matisse Capital, cutting an estimated $252K.
- 57 institutional investors held Source Capital (SOR) as of Q3 2018, up from 55 in Q2 2018.
- Funds reported $62.9M of Source Capital stock for Q3 2018, up 12% quarter-over-quarter.
- 7 funds opened new Source Capital positions in Q3 2018 and 5 closed out, a net change of +2 holders.
- The largest Source Capital buyer in Q3 2018 was Bulldog Investors, an estimated $1.94M added.
- The largest Source Capital seller in Q3 2018 was Matisse Capital, an estimated $252K sold.
Based on aggregated 13F filings for Q3 2018.