Source Capital
SOR
52 hedge funds and large institutions have $54.4M invested in Source Capital in 2019 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 5 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 12
24% more capital invested
Capital invested by funds: $43.9M → $54.4M (+$10.5M)
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
2% more funds holding
Funds holding: 51 → 52 (+1)
1.96% more ownership
Funds ownership: 42.43% → 44.39% (+2%)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$3.01M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.52M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.37M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$1.15M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$682K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$2.37M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$551K |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$261K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$214K |
| 5 |
PC
Pecaut & Co
Sioux City,
Iowa
|
-$204K |
SOR Hedge Fund Activity: Q1 2019 in Review
52 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q1 2019, worth a combined $54.4M — up 24% from $43.9M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new SOR positions and 5 closed out — a net gain of 1 holder — while 18 added to existing stakes and 12 trimmed.
The largest buyer was Shaker Financial Services, adding an estimated $3.01M. The largest seller was Bulldog Investors, cutting an estimated $2.37M.
- 52 institutional investors held Source Capital (SOR) as of Q1 2019, up from 51 in Q4 2018.
- Funds reported $54.4M of Source Capital stock for Q1 2019, up 24% quarter-over-quarter.
- 6 funds opened new Source Capital positions in Q1 2019 and 5 closed out, a net change of +1 holder.
- The largest Source Capital buyer in Q1 2019 was Shaker Financial Services, an estimated $3.01M added.
- The largest Source Capital seller in Q1 2019 was Bulldog Investors, an estimated $2.37M sold.
Based on aggregated 13F filings for Q1 2019.