Source Capital
SOR
35 hedge funds and large institutions have $75.6M invested in Source Capital in 2020 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 12 reducing their positions, and 15 closing their positions.
23% more capital invested
Capital invested by funds: $61.4M → $75.6M (+$14.2M)
2.33% more ownership
Funds ownership: 21.85% → 24.18% (+2.3%)
0% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 12
27% less funds holding
Funds holding: 48 → 35 (-13)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
87% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$17.5M |
| 2 |
LGWM
Litman Gregory Wealth Management
Larkspur,
California
|
+$1.37M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.17M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$148K |
| 5 |
Morgan Stanley
New York
|
+$79K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$3.53M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.64M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.63M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$957K |
| 5 |
Walleye Capital
New York
|
-$544K |
SOR Hedge Fund Activity: Q3 2020 in Review
35 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q3 2020, worth a combined $75.6M — up 23% from $61.4M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of SOR and 2 opened new positions — a net loss of 13 holders — while 12 trimmed existing stakes and 12 added.
The largest buyer was Saba Capital Management, adding an estimated $17.5M. The largest seller was Shaker Financial Services, exiting entirely with an estimated $3.53M sold.
- 35 institutional investors held Source Capital (SOR) as of Q3 2020, down from 48 in Q2 2020.
- Funds reported $75.6M of Source Capital stock for Q3 2020, up 23% quarter-over-quarter.
- 2 funds opened new Source Capital positions in Q3 2020 and 15 closed out, a net change of -13 holders.
- The largest Source Capital buyer in Q3 2020 was Saba Capital Management, an estimated $17.5M added.
- The largest Source Capital seller in Q3 2020 was Shaker Financial Services, an estimated $3.53M sold.
Based on aggregated 13F filings for Q3 2020.