Source Capital
SOR
38 hedge funds and large institutions have $37.2M invested in Source Capital in 2023 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 15 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
3% more funds holding
Funds holding: 37 → 38 (+1)
0.85% less ownership
Funds ownership: 12.49% → 11.64% (-0.85%)
6% less capital invested
Capital invested by funds: $39.6M → $37.2M (-$2.44M)
13% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 15
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BWFA
Baltimore-Washington Financial Advisors
Columbia,
Maryland
|
+$582K |
| 2 |
Morgan Stanley
New York
|
+$526K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$300K |
| 4 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$261K |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$207K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.16M |
| 2 |
CWM
Chemistry Wealth Management
New York
|
-$1.31M |
| 3 |
SCM
Saba Capital Management
New York
|
-$853K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$188K |
| 5 |
MAA
Mraz Amerine & Associates
Modesto,
California
|
-$141K |
SOR Hedge Fund Activity: Q3 2023 in Review
38 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Source Capital (SOR) for Q3 2023, worth a combined $37.2M — down 6.1% from $39.6M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new SOR positions and 2 closed out — a net gain of 1 holder — while 13 added to existing stakes and 15 trimmed.
The largest buyer was Baltimore-Washington Financial Advisors, opening a new position worth an estimated $582K. The largest seller was Shaker Financial Services, cutting an estimated $2.16M.
- 38 institutional investors held Source Capital (SOR) as of Q3 2023, up from 37 in Q2 2023.
- Funds reported $37.2M of Source Capital stock for Q3 2023, down 6.1% quarter-over-quarter.
- 3 funds opened new Source Capital positions in Q3 2023 and 2 closed out, a net change of +1 holder.
- The largest Source Capital buyer in Q3 2023 was Baltimore-Washington Financial Advisors, an estimated $582K added.
- The largest Source Capital seller in Q3 2023 was Shaker Financial Services, an estimated $2.16M sold.
Based on aggregated 13F filings for Q3 2023.