Horizon Kinetics’s Sabine Royalty Trust SBR Stock Holding History

Horizon Kinetics’s Portfolio SBR Stock Details SBR Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q4	$1.28M	Sell	34,410 -6,885	-17%	-$262K	0.04%	140
2018 Q3	$1.74M	Sell	41,295 -60	-0.1%	-$2.67K	0.04%	130
2018 Q2	$1.95M	Sell	41,355 -1,040	-2%	-$48.2K	0.05%	119
2018 Q1	$1.86M	Sell	42,395 -235	-0.6%	-$10.5K	0.05%	127
2017 Q4	$1.9M	Sell	42,630 -2,539	-6%	-$108K	0.06%	126
2017 Q3	$1.84M	Sell	45,169 -440	-1%	-$17.4K	0.05%	129
2017 Q2	$1.77M	Sell	45,609 -466	-1%	-$17.4K	0.06%	133
2017 Q1	$1.64M	Sell	46,075 -2,175	-5%	-$80.8K	0.05%	135
2016 Q4	$1.7M	Sell	48,250 -292	-0.6%	-$10.6K	0.05%	136
2016 Q3	$1.78M	Sell	48,542 -1,480	-3%	-$54.4K	0.05%	134
2016 Q2	$1.67M	Buy	50,022 +5,030	+11%	+$166K	0.04%	145
2016 Q1	$1.33M	Buy	+44,992	New	+$1.36M	0.03%	160

Other funds holding SBR

WCM

Wildcat Capital Management New York $229M AUM 132.65% 1-Year Est. Return

Fayez Sarofim & Co Houston, Texas $39.1B AUM 15.14% 1-Year Est. Return

Royce & Associates New York $10.1B AUM 42.88% 1-Year Est. Return

CCM

Chilton Capital Management Houston, Texas $2.87B AUM 25.44% 1-Year Est. Return

LCM

Lucas Capital Management Red Bank, New Jersey $85.7M AUM 22.84% 1-Year Est. Return

MAA

Mraz Amerine & Associates Modesto, California $697M AUM 19.37% 1-Year Est. Return

ANBT

American National Bank & Trust Wichita Falls, Texas $1.17B AUM 36.33% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Stifel Financial St. Louis, Missouri $109B AUM 21.36% 1-Year Est. Return

California Public Employees Retirement System Sacramento, California $162B AUM 25.78% 1-Year Est. Return

Horizon Kinetics's SBR Position: Q4 2018 in Review

Horizon Kinetics reduced its Sabine Royalty Trust (SBR) stake by 17% in Q4 2018, selling an estimated $262K and leaving 34,410 shares worth $1.28M. The position accounts for 0.04% of the portfolio, ranked #140.

Horizon Kinetics first reported a position in SBR in Q1 2016 and has held it in 12 quarters since. The position peaked at $1.95M in Q2 2018. 70 funds tracked by Wall St. Rank hold SBR as of Q4 2018.

Horizon Kinetics held 34,410 shares of Sabine Royalty Trust worth $1.28M as of Q4 2018.
Horizon Kinetics sold 6,885 Sabine Royalty Trust shares in Q4 2018, an estimated $262K.
Sabine Royalty Trust made up 0.04% of Horizon Kinetics's portfolio in Q4 2018, its #140 holding.
Horizon Kinetics first reported a position in Sabine Royalty Trust in Q1 2016 and has held it in 12 quarters since.
Horizon Kinetics's Sabine Royalty Trust position peaked at $1.95M in Q2 2018.
70 funds tracked by Wall St. Rank held Sabine Royalty Trust as of Q4 2018.

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