The estimated Net Worth of Mark L. Lipson is at least $296 Thousand dollars as of 1 June 2023. Mr. Lipson owns over 1,315 units of Source Capital stock worth over $295,861 and over the last 4 years he sold SOR stock worth over $0. In addition, he makes $0 as Independent Chairman of the Board at Source Capital.
Mark has made over 4 trades of the Source Capital stock since 2020, according to the Form 4 filled with the SEC. Most recently he bought 1,315 units of SOR stock worth $49,839 on 1 June 2023.
The largest trade he's ever made was buying 1,401 units of Source Capital stock on 1 October 2020 worth over $51,977. On average, Mark trades about 1,360 units every 243 days since 2020. As of 1 June 2023 he still owns at least 6,761 units of Source Capital stock.
You can see the complete history of Mr. Lipson stock trades at the bottom of the page.
Mark L. Lipson serves as Independent Chairman of the Board of the Company. He is Registered Investment Adviser, ML2 Advisors, LLC (since 2014). Formerly Managing Director, Bessemer Trust (2007-2014) and US Trust (2003-2006); Chairman and CEO of the Northstar Mutual Funds (1993-2001); and President and CEO of the National Mutual Funds (1988-1993). Director/Trustee of FPA Capital, Inc., FPA Funds Trust, FPA New Income, Inc., FPA Paramount Fund, Inc., FPA U.S. Value Fund, Inc. and Source Capital, Inc. (since October 2015).
Mark Lipson is 71, he's been the Independent Chairman of the Board of Source Capital since 2019. There are 3 older and 13 younger executives at Source Capital. The oldest executive at Source Capital, Inc. is A. Robert Pisano, 77, who is the Independent Director.
Mark's mailing address filed with the SEC is 11601 WILSHIRE BLVD., SUITE 1200, , LOS ANGELES, CA, 90025.
Over the last 5 years, insiders at Source Capital have traded over $66,422 worth of Source Capital stock and bought 46,526 units worth $1,686,581 . The most active insiders traders include Alfred E Jr Osborne, Steven T Romick, and J Richard Atwood. On average, Source Capital executives and independent directors trade stock every 40 days with the average trade being worth of $54,044. The most recent stock trade was executed by Sandra Brown on 1 February 2024, trading 1,649 units of SOR stock currently worth $66,422.
fpa is a leading practitioner of value investing. providing a prudent place to invest, we focus on generating superior returns over the long-term coupled with capital preservation. we consider ourselves investors, not traders, and foster a culture that promotes high ethical standards. fpa is located in los angeles, california. the firm is independently owned with 29 investment professionals and 74 employees in total. currently, fpa manages $30 billion across four equity strategies and one fixed income strategy. fpa's equity and fixed income styles are linked by a common fundamental value orientation. our goal is to provide a consistent, risk-averse and disciplined approach to long-term investing in individual securities with the objective of achieving superior total returns for client portfolios.
Source Capital executives and other stock owners filed with the SEC include: