Enduro Royalty Trust
NDRO
NDRO was delisted on the 13th of September, 2018.
30 hedge funds and large institutions have $46.8M invested in Enduro Royalty Trust in 2015 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 5 increasing their positions, 11 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
11% more funds holding
Funds holding: 27 → 30 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
12% less capital invested
Capital invested by funds: $53.2M → $46.8M (-$6.48M)
55% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 11
89% less call options, than puts
Call options by funds: $12K | Put options by funds: $107K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
RR Advisors
Dallas,
Texas
|
+$216K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$141K |
| 3 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$139K |
| 4 |
FIM
Frontier Investment Management
Dallas,
Texas
|
+$133K |
| 5 |
LCM
Lucas Capital Management
Red Bank,
New Jersey
|
+$98.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Hamlin Capital Management
New York
|
-$1.24M |
| 2 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$1.07M |
| 3 |
HB
Homrich & Berg
Atlanta,
Georgia
|
-$262K |
| 4 |
CCM
Cohen Capital Management
Corte Madera,
California
|
-$233K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$141K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of America
Charlotte,
North Carolina
| $2K | -$407 | -145 | -13% |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $2K | +$2.57K | +914 | New |
|
28
Simplex Trading
Chicago,
Illinois
| $2K | +$2.81K | +1,000 | New |
|
29
Creative Planning
Overland Park,
Kansas
| $1K | – | – | – |
|
30
US Bancorp
Minneapolis,
Minnesota
| $1K | – | – | – |
|
|
HCM
31
Hamlin Capital Management
New York
| – | -$1.24M | -469,475 | Closed |
|
|
KACA
32
Kayne Anderson Capital Advisors
Los Angeles,
California
| – | -$1.07M | -404,179 | Closed |
|
|
HB
33
Homrich & Berg
Atlanta,
Georgia
| – | -$262K | -99,041 | Closed |
|
34
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$2K | -753 | Closed |
|
NDRO Hedge Fund Activity: Q4 2015 in Review
30 of the 3,813 institutional investors tracked by Wall St. Rank reported a position in Enduro Royalty Trust (NDRO) for Q4 2015, worth a combined $46.8M — down 12% from $53.2M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new NDRO positions and 5 closed out — a net gain of 3 holders — while 5 added to existing stakes and 11 trimmed.
The largest buyer was RR Advisors, adding an estimated $216K. The largest seller was Hamlin Capital Management, exiting entirely with an estimated $1.24M sold.
- 30 institutional investors held Enduro Royalty Trust (NDRO) as of Q4 2015, up from 27 in Q3 2015.
- Funds reported $46.8M of Enduro Royalty Trust stock for Q4 2015, down 12% quarter-over-quarter.
- 8 funds opened new Enduro Royalty Trust positions in Q4 2015 and 5 closed out, a net change of +3 holders.
- The largest Enduro Royalty Trust buyer in Q4 2015 was RR Advisors, an estimated $216K added.
- The largest Enduro Royalty Trust seller in Q4 2015 was Hamlin Capital Management, an estimated $1.24M sold.
Based on aggregated 13F filings for Q4 2015.