Horizon Kinetics’s Permian Basin Royalty Trust PBT Stock Holding History

Horizon Kinetics’s Portfolio PBT Stock Details PBT Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q4	$2.77M	Sell	469,435 -17,690	-4%	-$125K	0.09%	89
2018 Q3	$3.88M	Sell	487,125 -3,055	-0.6%	-$27.2K	0.09%	77
2018 Q2	$4.57M	Sell	490,180 -522	-0.1%	-$5.03K	0.12%	71
2018 Q1	$4.74M	Sell	490,702 -2,851	-0.6%	-$26.5K	0.14%	65
2017 Q4	$4.38M	Buy	493,553 +11	+0%	+$101	0.13%	72
2017 Q3	$4.3M	Sell	493,542 -2,202	-0.4%	-$19.1K	0.13%	72
2017 Q2	$4.31M	Buy	495,744 +116,874	+31%	+$1.12M	0.14%	72
2017 Q1	$3.54M	Buy	378,870 +1,498	+0.4%	+$13.3K	0.11%	83
2016 Q4	$2.91M	Buy	377,372 +5,841	+2%	+$42.3K	0.09%	95
2016 Q3	$2.59M	Buy	371,531 +50,953	+16%	+$355K	0.07%	110
2016 Q2	$2.35M	Buy	+320,578	New	+$2.18M	0.06%	120

Other funds holding PBT

FRM

Foundation Resource Management Little Rock, Arkansas $860M AUM 38.08% 1-Year Est. Return

Royce & Associates New York $12.4B AUM 64.17% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Deutsche Bank Frankfurt Am Main Ge, Germany $344B AUM 42.99% 1-Year Est. Return

Renaissance Technologies New York $72.6B AUM 54.88% 1-Year Est. Return

MGAM

McGowan Group Asset Management Dallas, Texas $823M AUM 27.48% 1-Year Est. Return

HFS

Howard Financial Services Dallas, Texas $1B AUM 20.02% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Two Sigma Investments New York $138B AUM 41.87% 1-Year Est. Return

Baird Financial Group Milwaukee, Wisconsin $72.7B AUM 26.4% 1-Year Est. Return

Horizon Kinetics's PBT Position: Q4 2018 in Review

Horizon Kinetics reduced its Permian Basin Royalty Trust (PBT) stake by 3.6% in Q4 2018, selling an estimated $125K and leaving 469,435 shares worth $2.77M. The position accounts for 0.09% of the portfolio, ranked #89.

Horizon Kinetics first reported a position in PBT in Q2 2016 and has held it in 11 quarters since. The position peaked at $4.74M in Q1 2018. 68 funds tracked by Wall St. Rank hold PBT as of Q4 2018.

Horizon Kinetics held 469,435 shares of Permian Basin Royalty Trust worth $2.77M as of Q4 2018.
Horizon Kinetics sold 17,690 Permian Basin Royalty Trust shares in Q4 2018, an estimated $125K.
Permian Basin Royalty Trust made up 0.09% of Horizon Kinetics's portfolio in Q4 2018, its #89 holding.
Horizon Kinetics first reported a position in Permian Basin Royalty Trust in Q2 2016 and has held it in 11 quarters since.
Horizon Kinetics's Permian Basin Royalty Trust position peaked at $4.74M in Q1 2018.
68 funds tracked by Wall St. Rank held Permian Basin Royalty Trust as of Q4 2018.

Based on Horizon Kinetics's 13F filing for Q4 2018, filed 14 Feb 2019.