Enduro Royalty Trust
NDRO
NDRO was delisted on the 13th of September, 2018.
36 hedge funds and large institutions have $484M invested in Enduro Royalty Trust in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 11 increasing their positions, 9 reducing their positions, and 4 closing their positions.
658% more call options, than puts
Call options by funds: $576K | Put options by funds: $76K
200% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 4
29% more funds holding
Funds holding: 28 → 36 (+8)
22% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 9
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9% less capital invested
Capital invested by funds: $531M → $484M (-$46.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$8.64M |
| 2 |
NIM
NXG Investment Management
Dallas,
Texas
|
+$2.27M |
| 3 |
AI
ArchPoint Investors
Coral Gables,
Florida
|
+$991K |
| 4 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
+$786K |
| 5 |
Millennium Management
New York
|
+$577K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$8.22M |
| 2 |
KFC
Klingenstein Fields & Co
New York
|
-$1.71M |
| 3 |
HCM
Hamlin Capital Management
New York
|
-$667K |
| 4 |
Morgan Stanley
New York
|
-$438K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$252K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BMO
26
Beck Mack & Oliver
New York
| $186K | +$194K | +15,400 | New |
|
|
SIC
27
Salem Investment Counselors
Winston Salem,
North Carolina
| $181K | +$189K | +15,000 | New |
|
28
JP Morgan Chase
New York
| $177K | +$184K | +14,625 | New |
|
|
MAA
29
Mraz Amerine & Associates
Modesto,
California
| $147K | +$153K | +12,200 | New |
|
|
U
30
UBS
Zurich,
Switzerland
| $127K | +$133K | +10,536 | New |
|
31
Invesco
Atlanta,
Georgia
| $105K | +$25.2K | +2,000 | +30% |
|
32
Bank of America
Charlotte,
North Carolina
| $104K | -$18.6K | -1,480 | -15% |
|
|
GT
33
Glenmede Trust
Philadelphia,
Pennsylvania
| $12K | – | – | – |
|
34
Ameriprise
Minneapolis,
Minnesota
| $6K | – | – | – |
|
35
Creative Planning
Overland Park,
Kansas
| $6K | +$6.29K | +500 | New |
|
36
Citigroup
New York
| $1K | +$1.38K | +110 | New |
|
|
RJA
37
Raymond James & Associates
St Petersburg,
Florida
| – | -$252K | -20,000 | Closed |
|
|
CC
38
Cannell & Co
New York
| – | -$236K | -18,750 | Closed |
|
|
PG
39
PEAK6 Group
Chicago,
Illinois
| – | -$194K | -15,400 | Closed |
|
|
FBC
40
Fairfield, Bush & Co
Darien,
Connecticut
| – | -$113K | -9,000 | Closed |
|
NDRO Hedge Fund Activity: Q4 2013 in Review
36 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Enduro Royalty Trust (NDRO) for Q4 2013, worth a combined $484M — down 8.8% from $531M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new NDRO positions and 4 closed out — a net gain of 8 holders — while 11 added to existing stakes and 9 trimmed.
The largest buyer was Guggenheim Capital, opening a new position worth an estimated $8.64M. The largest seller was Goldman Sachs, cutting an estimated $8.22M.
- 36 institutional investors held Enduro Royalty Trust (NDRO) as of Q4 2013, up from 28 in Q3 2013.
- Funds reported $484M of Enduro Royalty Trust stock for Q4 2013, down 8.8% quarter-over-quarter.
- 12 funds opened new Enduro Royalty Trust positions in Q4 2013 and 4 closed out, a net change of +8 holders.
- The largest Enduro Royalty Trust buyer in Q4 2013 was Guggenheim Capital, an estimated $8.64M added.
- The largest Enduro Royalty Trust seller in Q4 2013 was Goldman Sachs, an estimated $8.22M sold.
Based on aggregated 13F filings for Q4 2013.