Source Capital (SOR) : Pecaut added new position in Source Capital during the most recent quarter end. The investment management firm now holds 62,075 shares of Source Capital which is valued at $2,424,029 , the company said in a statement filed on Apr 18, 2016 with the SEC.Source Capital makes up approximately 2.38% of Pecaut’s portfolio.
Source Capital opened for trading at $38.95 and hit $39.23 on the upside on Friday, eventually ending the session at $39.05, with a gain of 0.54% or 0.21 points. The heightened volatility saw the trading volume jump to 97,547 shares. Company has a market cap of $338 M.
Other Hedge Funds, Including , Blue Bell Private Wealth Management sold out all of its stake in SOR during the most recent quarter. The investment firm sold 850 shares of SOR which is valued $32,241.Creative Planning reduced its stake in SOR by selling 100 shares or 2.78% in the most recent quarter. The Hedge Fund company now holds 3,500 shares of SOR which is valued at $128,520.
Source Capital Inc. (the Company) is a diversified closed-end management investment company. The investment objective of the Company is to seek maximum total return for Common shareholders from both capital appreciation and investment income to the extent consistent with protection of invested capital. Its investment portfolio includes a range of securities with primary emphasis on common stock. The Company’s investment approach emphasizes primarily equity investments. Its portfolio also includes common stocks non-convertible bonds and debentures and short-term investments. The Company invests in various industries including retailing producer durable goods business services and supplies transportation healthcare energy and technology. The Company’s investment adviser is First Pacific Advisors LLC.