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SOR

Source Capital

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.

New
Increased
Maintained
Reduced
Closed

0.06% more ownership

Funds ownership: 20.2%20.26% (+0.06%)

11% less funds holding

Funds holding: 4540 (-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: 21 (-1)

Holders
40
Holders Change
-5
Holders Change %
-11.11%
% of All Funds
0.88%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
5
Increased
13
Reduced
15
Closed
8
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RCM
1
Rivernorth Capital Management
Florida
$8.08M +$2.12M +57,739 +28%
BI
2
Bulldog Investors
New Jersey
$6.09M -$551K -15,000 -7%
SCM
3
Saba Capital Management
New York
$5.46M +$6.54M +178,066 New
Ameriprise
4
Ameriprise
Minnesota
$4.66M -$106K -2,877 -2%
Wells Fargo
5
Wells Fargo
California
$4.07M +$1.07M +29,232 +28%
PC
6
Pecaut & Co
Iowa
$2.71M -$18.1K -493 -0.6%
First Trust Advisors
7
First Trust Advisors
Illinois
$2.33M +$610K +16,594 +28%
DADC
8
D.A. Davidson & Co
Montana
$2.22M -$50.3K -1,369 -2%
CA
9
Cornerstone Advisors
North Carolina
$2.09M -$2.33M -63,394 -48%
Bank of America
10
Bank of America
North Carolina
$1.81M +$203K +5,525 +10%
TJHA
11
Thomas J. Herzfeld Advisors
Florida
$1.76M -$808K -21,997 -28%
AIM
12
AMI Investment Management
Indiana
$1.75M +$57.1K +1,553 +3%
MAA
13
Mraz Amerine & Associates
California
$1.43M -$134K -3,647 -7%
SFS
14
Shaker Financial Services
Virginia
$1.26M -$3.15M -85,782 -68%
HighTower Advisors
15
HighTower Advisors
Illinois
$905K -$58K -1,579 -5%
Morgan Stanley
16
Morgan Stanley
New York
$829K +$2.02K +55 +0.2%
UBS Group
17
UBS Group
Switzerland
$774K -$74.3K -2,022 -7%
CCP
18
Clough Capital Partners
Massachusetts
$516K +$617K +16,800 New
RJFSA
19
Raymond James Financial Services Advisors
Florida
$446K -$36.4K -992 -6%
Envestnet Asset Management
20
Envestnet Asset Management
Illinois
$430K +$61.6K +1,677 +14%
SKK
21
Shepherd Kaplan Krochuk
Massachusetts
$409K -$48.9K -1,330 -9%
Walleye Capital
22
Walleye Capital
New York
$353K +$9.92K +270 +2%
PNC Financial Services Group
23
PNC Financial Services Group
Pennsylvania
$300K +$7.35K +200 +2%
CCM
24
Cohen Capital Management
California
$294K
GC
25
Guggenheim Capital
Illinois
$268K +$110K +3,002 +52%

SOR Hedge Fund Activity: Q1 2020 in Review

40 of the 4,538 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.