Vault-13

SOURCE CAPITAL XSORX

COM SHS OF BEN I · Closed-End Fund · CUSIP 836144303

48 institutional holders +3 vs Q1 2025
1,416,2201.4m shares reported held*
$61.4mreported value*
4 new 20 added 11 reduced 1 sold out net bought ≈ $5.8m (+134.1k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $43.36.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q1 25: 45Q2 25: 4848Q1 25Q2 25
Numbers
QuarterHolders
Q1 202545
Q2 202548

Biggest buyers

Hara Capital LLC Added +35,995+36.0k
Shaker Financial Services, LLC Added +34,282+34.3k
&PARTNERS New +15,436+15.4k
Cornerstone Advisors, LLC Added +14,060+14.1k
ROYAL BANK OF CANADA Added +13,569+13.6k
WOLVERINE ASSET MANAGEMENT LLC New +13,285+13.3k
OSAIC HOLDINGS, INC. Added +6,445+6.4k
DKM Wealth Management, Inc. Added +5,533+5.5k
READYSTATE ASSET MANAGEMENT LP New +5,318+5.3k
LPL Financial LLC Added +4,551+4.6k

Biggest sellers

WELLS FARGO & COMPANY/MN Reduced -13,341-13.3k
Chemistry Wealth Management LLC Reduced -3,913-3.9k
NWF Advisory Services Inc. Reduced -3,703-3.7k
ENVESTNET ASSET MANAGEMENT INC Reduced -1,283-1.3k
Mraz, Amerine & Associates, Inc. Reduced -1,159-1.2k
BANK OF AMERICA CORP /DE/ Reduced -934-934
PARK AVENUE SECURITIES LLC Reduced -713-713
Mesirow Financial Investment Management, Inc. Reduced -340-340
Private Advisor Group, LLC Reduced -229-229
NewEdge Advisors, LLC Reduced -200-200

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 DKM Wealth Management, Inc. 10.52% of their portfolio STOCKTON, CA 281,443281.4k $12.2m $12.2m 10.52% Added +5.5k +5,533
2 D.A. DAVIDSON & CO. 0.05% of their portfolio GREAT FALLS, MT 172,148172.1k $7.5m $7.5m 0.05% Added +1.0k +1,042
3 Hara Capital LLC 2.89% of their portfolio BELLEVUE, WA 107,537107.5k $4.7m $4.7m 2.89% Added +36.0k +35,995
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 81,62481.6k $3.5m $3.5m 0.00% Added +764 +764
5 Mesirow Financial Investment Management, Inc. 0.07% of their portfolio CHICAGO, IL 77,19577.2k $3.3m $3.3m 0.07% Reduced -340 -340
6 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 69,15269.2k $3.0m $3.0m 0.00% Added +1.4k +1,353
7 Shaker Financial Services, LLC 0.96% of their portfolio Arlington, VA 60,87360.9k $2.6m $2.6m 0.96% Added +34.3k +34,282
8 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 55,18355.2k $2.4m $2.4m 0.00% Reduced -13.3k -13,341
9 Chemistry Wealth Management LLC 0.45% of their portfolio NEW YORK, NY 48,85548.9k $2.1m $2.1m 0.45% Reduced -3.9k -3,913
10 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 46,00046.0k $2.0m $2.0m 0.00% Added +2.2k +2,165
11 Hennion & Walsh Asset Management, Inc. 0.06% of their portfolio Parsippany, NJ 33,05333.1k $1.4m $1.4m 0.06% Added +748 +748
12 Anchor Investment Management, LLC 0.12% of their portfolio COLUMBIA, SC 32,28532.3k $1.4m $1.4m 0.12% Added +1.9k +1,933
13 Smith Asset Management Co., LLC 1.05% of their portfolio Chiefland, FL 28,06028.1k $1.2m $1.2m 1.05% Added +769 +769
14 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 27,13827.1k $1.2m $1.2m 0.00% Added +13.6k +13,569
15 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 25,89925.9k $1.1m $1.1m 0.00% Added +170 +170
16 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 25,00925.0k $1.1m $1.1m 0.00% Reduced -934 -934
17 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 24,80024.8k $1.1m $1.1m 0.00% Unchanged
18 NWF Advisory Services Inc. 0.10% of their portfolio Los Angeles, CA 19,19619.2k $832.4k $832.4k 0.10% Reduced -3.7k -3,703
19 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 18,61318.6k $807.1k $807.1k 0.00% Reduced -1.3k -1,283
20 Cornerstone Advisors, LLC 0.03% of their portfolio ASHEVILLE, NC 16,94216.9k $734.7k $734.7k 0.03% Added +14.1k +14,060
21 PARK AVENUE SECURITIES LLC 0.01% of their portfolio NEW YORK, NY 16,38616.4k $711.0k $711.0k 0.01% Reduced -713 -713
22 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 15,43615.4k $669.3k $669.3k 0.01% New
23 Baltimore-Washington Financial Advisors, Inc. 0.03% of their portfolio Columbia, MD 14,95515.0k $648.5k $648.5k 0.03% Unchanged
24 PECAUT & CO. 0.21% of their portfolio SIOUX CITY, IA 14,77214.8k $640.6k $640.6k 0.21% Added +190 +190
25 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 14,50814.5k $629.1k $629.1k 0.00% Added +4.6k +4,551
26 WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio CHICAGO, IL 13,28513.3k $576.1k $576.1k 0.01% New
27 UBS Group AG 0.00% of their portfolio ZURICH, V8 11,88511.9k $515.4k $515.4k 0.00% Reduced -28 -28
28 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 11,81111.8k $512.3k $512.3k 0.00% Added +6.4k +6,445
29 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 7,2557.3k $314.6k $314.6k 0.00% Reduced -229 -229
30 Waypoint Wealth Partners Inc. 0.08% of their portfolio MILL VALLEY, CA 7,1547.2k $310.2k $310.2k 0.08% Unchanged
31 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 7,0347.0k $305.0k $305.0k 0.00% Reduced -200 -200
32 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 5,9135.9k $256.0k $256.0k 0.00% Unchanged
33 READYSTATE ASSET MANAGEMENT LP 0.01% of their portfolio CHICAGO, IL 5,3185.3k $230.6k $230.6k 0.01% New
34 Mraz, Amerine & Associates, Inc. 0.04% of their portfolio Modesto, CA 5,1715.2k $224.2k $224.2k 0.04% Reduced -1.2k -1,159
35 PENSION & WEALTH MANAGEMENT ADVISORS, INC. 0.07% of their portfolio WALTHAM, MA 4,9134.9k $213.1k $213.1k 0.07% Added +71 +71
36 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 2,4802.5k $107.1k $107.1k 0.00% Added +903 +903
37 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 1,9832.0k $86.0k $86.0k 0.00% Added +1.4k +1,430
38 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,3171.3k $57.1k $57.1k 0.00% Unchanged
39 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 1,0871.1k $47.0k $47.0k 0.00% Unchanged
40 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 982982 $42.0k $42.0k 0.00% Added +6 +6
41 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 510510 $22.1k $22.1k 0.00% Unchanged
42 Garde Capital, Inc. 0.00% of their portfolio SEATTLE, WA 427427 $18.5k $18.5k 0.00% Unchanged
43 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio BLUE BELL, PA 200200 $8.7k $8.7k 0.00% Unchanged
44 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 200200 $8.7k $8.7k 0.00% Unchanged
45 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 116116 $5.0k $5.0k 0.00% New
46 CWM, LLC 0.00% of their portfolio OMAHA, NE 6767 $3.0k $3.0k 0.00% Unchanged
47 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 5050 $2.2k $2.2k 0.00% Unchanged
48 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged