Source Capital
SOR
45 hedge funds and large institutions have $66.5M invested in Source Capital in 2019 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 9 closing their positions.
19% more capital invested
Capital invested by funds: $55.7M → $66.5M (+$10.8M)
1.48% more ownership
Funds ownership: 18.72% → 20.2% (+1.5%)
7% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 15
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
10% less funds holding
Funds holding: 50 → 45 (-5)
56% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.18M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$713K |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$419K |
| 4 |
Walleye Capital
New York
|
+$151K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$140K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.31M |
| 2 |
Cohen & Steers
New York
|
-$1.01M |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$1,000K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$742K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
-$550K |
SOR Hedge Fund Activity: Q4 2019 in Review
45 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q4 2019, worth a combined $66.5M — up 19% from $55.7M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of SOR and 4 opened new positions — a net loss of 5 holders — while 15 trimmed existing stakes and 16 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $5.18M. The largest seller was Shaker Financial Services, cutting an estimated $1.31M.
- 45 institutional investors held Source Capital (SOR) as of Q4 2019, down from 50 in Q3 2019.
- Funds reported $66.5M of Source Capital stock for Q4 2019, up 19% quarter-over-quarter.
- 4 funds opened new Source Capital positions in Q4 2019 and 9 closed out, a net change of -5 holders.
- The largest Source Capital buyer in Q4 2019 was Rivernorth Capital Management, an estimated $5.18M added.
- The largest Source Capital seller in Q4 2019 was Shaker Financial Services, an estimated $1.31M sold.
Based on aggregated 13F filings for Q4 2019.