Enduro Royalty Trust
NDRO
NDRO was delisted on the 13th of September, 2018.
28 hedge funds and large institutions have $51.8M invested in Enduro Royalty Trust in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 4 increasing their positions, 9 reducing their positions, and 7 closing their positions.
11% more capital invested
Capital invested by funds: $46.8M → $51.8M (+$5M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less funds holding
Funds holding: 30 → 28 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
56% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 9
78% less call options, than puts
Call options by funds: $15K | Put options by funds: $69K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$86.1K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$55.8K |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$23.3K |
| 4 |
SBIA
Sheaff Brock Investment Advisors
Indianapolis,
Indiana
|
+$2.66K |
| 5 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$1.99K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCH
Freestone Capital Holdings
Seattle,
Washington
|
-$168K |
| 2 |
Goldman Sachs
New York
|
-$161K |
| 3 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$154K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$65.3K |
| 5 |
SCM
Sterling Capital Management
Charlotte,
North Carolina
|
-$57.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Simplex Trading
Chicago,
Illinois
| $1K | -$1.39K | -523 | -52% |
|
|
FIM
27
Frontier Investment Management
Dallas,
Texas
| $1K | – | – | – |
|
28
JP Morgan Chase
New York
| $1K | +$1.39K | +521 | New |
|
|
FCH
29
Freestone Capital Holdings
Seattle,
Washington
| – | -$168K | -69,100 | Closed |
|
|
30
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$65.3K | -24,554 | Closed |
|
|
RCM
31
Rotella Capital Management
Bellevue,
Washington
| – | -$37K | -15,363 | Closed |
|
|
CT
32
Coastline Trust
Providence,
Rhode Island
| – | -$36K | -14,650 | Closed |
|
|
ST
33
Spot Trading
Chicago,
Illinois
| – | -$6.77K | -2,546 | Closed |
|
34
Citadel Advisors
Miami,
Florida
| – | -$3K | -1,152 | Closed |
|
|
TRCT
35
Tower Research Capital (TRC)
New York
| – | -$2K | -914 | Closed |
|
NDRO Hedge Fund Activity: Q1 2016 in Review
28 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Enduro Royalty Trust (NDRO) for Q1 2016, worth a combined $51.8M — up 11% from $46.8M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of NDRO and 5 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 4 added.
The largest buyer was Millennium Management, opening a new position worth an estimated $86.1K. The largest seller was Freestone Capital Holdings, exiting entirely with an estimated $168K sold.
- 28 institutional investors held Enduro Royalty Trust (NDRO) as of Q1 2016, down from 30 in Q4 2015.
- Funds reported $51.8M of Enduro Royalty Trust stock for Q1 2016, up 11% quarter-over-quarter.
- 5 funds opened new Enduro Royalty Trust positions in Q1 2016 and 7 closed out, a net change of -2 holders.
- The largest Enduro Royalty Trust buyer in Q1 2016 was Millennium Management, an estimated $86.1K added.
- The largest Enduro Royalty Trust seller in Q1 2016 was Freestone Capital Holdings, an estimated $168K sold.
Based on aggregated 13F filings for Q1 2016.