Source Capital
SOR
40 hedge funds and large institutions have $52.7M invested in Source Capital in 2020 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 15 reducing their positions, and 8 closing their positions.
0.06% more ownership
Funds ownership: 20.2% → 20.26% (+0.06%)
11% less funds holding
Funds holding: 45 → 40 (-5)
13% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 15
21% less capital invested
Capital invested by funds: $66.5M → $52.7M (-$13.8M)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$6.54M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.12M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.07M |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$617K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$610K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$3.15M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.33M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
-$2.24M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$808K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$642K |
SOR Hedge Fund Activity: Q1 2020 in Review
40 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q1 2020, worth a combined $52.7M — down 21% from $66.5M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of SOR and 5 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 13 added.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $6.54M. The largest seller was Shaker Financial Services, cutting an estimated $3.15M.
- 40 institutional investors held Source Capital (SOR) as of Q1 2020, down from 45 in Q4 2019.
- Funds reported $52.7M of Source Capital stock for Q1 2020, down 21% quarter-over-quarter.
- 5 funds opened new Source Capital positions in Q1 2020 and 8 closed out, a net change of -3 holders.
- The largest Source Capital buyer in Q1 2020 was Saba Capital Management, an estimated $6.54M added.
- The largest Source Capital seller in Q1 2020 was Shaker Financial Services, an estimated $3.15M sold.
Based on aggregated 13F filings for Q1 2020.