Enduro Royalty Trust
NDRO
NDRO was delisted on the 13th of September, 2018.
29 hedge funds and large institutions have $63.6M invested in Enduro Royalty Trust in 2017 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 11 reducing their positions, and 4 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
3% less capital invested
Capital invested by funds: $65.9M → $63.6M (-$2.27M)
6% less funds holding
Funds holding: 31 → 29 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
73% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
RR Advisors
Dallas,
Texas
|
+$314K |
| 2 |
Millennium Management
New York
|
+$108K |
| 3 |
LCM
Lucas Capital Management
Red Bank,
New Jersey
|
+$26.1K |
| 4 |
PAM
PVG Asset Management
Golden,
Colorado
|
+$1.79K |
| 5 |
Simplex Trading
Chicago,
Illinois
|
+$357 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$177K |
| 2 |
JP Morgan Chase
New York
|
-$141K |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$89K |
| 4 |
AI
ArchPoint Investors
Coral Gables,
Florida
|
-$88K |
| 5 |
Goldman Sachs
New York
|
-$70.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
US Bancorp
Minneapolis,
Minnesota
| $2K | – | – | – |
|
27
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $1K | – | – | – |
|
|
28
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$89K | -25,800 | Closed |
|
29
Invesco
Atlanta,
Georgia
| – | -$57K | -16,657 | Closed |
|
30
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$51K | -14,268 | Closed |
|
31
Citadel Advisors
Miami,
Florida
| – | -$48K | -14,003 | Closed |
|
|
32
Simplex Trading
Chicago,
Illinois
| – | +$357 | +100 | New |
|
NDRO Hedge Fund Activity: Q1 2017 in Review
29 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Enduro Royalty Trust (NDRO) for Q1 2017, worth a combined $63.6M — down 3.4% from $65.9M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of NDRO and 2 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 3 added.
The largest buyer was RR Advisors, adding an estimated $314K. The largest seller was Royal Bank of Canada, cutting an estimated $177K.
- 29 institutional investors held Enduro Royalty Trust (NDRO) as of Q1 2017, down from 31 in Q4 2016.
- Funds reported $63.6M of Enduro Royalty Trust stock for Q1 2017, down 3.4% quarter-over-quarter.
- 2 funds opened new Enduro Royalty Trust positions in Q1 2017 and 4 closed out, a net change of -2 holders.
- The largest Enduro Royalty Trust buyer in Q1 2017 was RR Advisors, an estimated $314K added.
- The largest Enduro Royalty Trust seller in Q1 2017 was Royal Bank of Canada, an estimated $177K sold.
Based on aggregated 13F filings for Q1 2017.