Source Capital
SOR
38 hedge funds and large institutions have $81.7M invested in Source Capital in 2020 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 16 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
9% more funds holding
Funds holding: 35 → 38 (+3)
8% more capital invested
Capital invested by funds: $75.6M → $81.7M (+$6.14M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.04% less ownership
Funds ownership: 24.18% → 24.14% (-0.04%)
50% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.02M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$3.57M |
| 3 |
LGWM
Litman Gregory Wealth Management
Larkspur,
California
|
+$988K |
| 4 |
Millennium Management
New York
|
+$281K |
| 5 |
AIM
AMI Investment Management
Kendallville,
Indiana
|
+$58.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.43M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$951K |
| 3 |
CCM
Cohen Capital Management
Corte Madera,
California
|
-$353K |
| 4 |
BS
Boenning & Scattergood
West Conshohocken,
Pennsylvania
|
-$292K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$219K |
SOR Hedge Fund Activity: Q4 2020 in Review
38 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q4 2020, worth a combined $81.7M — up 8.1% from $75.6M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new SOR positions and 3 closed out — a net gain of 3 holders — while 8 added to existing stakes and 16 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $4.02M. The largest seller was Rivernorth Capital Management, cutting an estimated $6.43M.
- 38 institutional investors held Source Capital (SOR) as of Q4 2020, up from 35 in Q3 2020.
- Funds reported $81.7M of Source Capital stock for Q4 2020, up 8.1% quarter-over-quarter.
- 6 funds opened new Source Capital positions in Q4 2020 and 3 closed out, a net change of +3 holders.
- The largest Source Capital buyer in Q4 2020 was Saba Capital Management, an estimated $4.02M added.
- The largest Source Capital seller in Q4 2020 was Rivernorth Capital Management, an estimated $6.43M sold.
Based on aggregated 13F filings for Q4 2020.