Enduro Royalty Trust
NDRO
NDRO was delisted on the 13th of September, 2018.
25 hedge funds and large institutions have $87.8M invested in Enduro Royalty Trust in 2015 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 11 increasing their positions, 5 reducing their positions, and 5 closing their positions.
131% more call options, than puts
Call options by funds: $392K | Put options by funds: $170K
120% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 5
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
11% less funds holding
Funds holding: 28 → 25 (-3)
17% less capital invested
Capital invested by funds: $106M → $87.8M (-$18.4M)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ANTB
AMG National Trust Bank
Greenwood Village,
Colorado
|
+$500K |
| 2 |
HCM
Hamlin Capital Management
New York
|
+$394K |
| 3 |
LCM
Lucas Capital Management
Red Bank,
New Jersey
|
+$351K |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$239K |
| 5 |
SCM
Sterling Capital Management
Charlotte,
North Carolina
|
+$158K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$3.65M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$504K |
| 3 |
Goldman Sachs
New York
|
-$210K |
| 4 |
Morgan Stanley
New York
|
-$181K |
| 5 |
Millennium Management
New York
|
-$98K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CS
26
Credit Suisse
Zurich,
Switzerland
| – | -$504K | -104,598 | Closed |
|
|
27
Millennium Management
New York
| – | -$98K | -20,229 | Closed |
|
28
Invesco
Atlanta,
Georgia
| – | -$31K | -6,464 | Closed |
|
|
EWM
29
Evercore Wealth Management
New York
| – | -$30K | -6,147 | Closed |
|
|
BRWA
30
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$8 | -1,620 | Closed |
|
NDRO Hedge Fund Activity: Q1 2015 in Review
25 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Enduro Royalty Trust (NDRO) for Q1 2015, worth a combined $87.8M — down 17% from $106M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of NDRO and 2 opened new positions — a net loss of 3 holders — while 5 trimmed existing stakes and 11 added.
The largest buyer was AMG National Trust Bank, adding an estimated $500K. The largest seller was Kayne Anderson Capital Advisors, cutting an estimated $3.65M.
- 25 institutional investors held Enduro Royalty Trust (NDRO) as of Q1 2015, down from 28 in Q4 2014.
- Funds reported $87.8M of Enduro Royalty Trust stock for Q1 2015, down 17% quarter-over-quarter.
- 2 funds opened new Enduro Royalty Trust positions in Q1 2015 and 5 closed out, a net change of -3 holders.
- The largest Enduro Royalty Trust buyer in Q1 2015 was AMG National Trust Bank, an estimated $500K added.
- The largest Enduro Royalty Trust seller in Q1 2015 was Kayne Anderson Capital Advisors, an estimated $3.65M sold.
Based on aggregated 13F filings for Q1 2015.