Enduro Royalty Trust
NDRO
NDRO was delisted on the 13th of September, 2018.
24 hedge funds and large institutions have $59.1M invested in Enduro Royalty Trust in 2017 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 7 reducing their positions, and 5 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
8% less funds holding
Funds holding: 26 → 24 (-2)
29% less capital invested
Capital invested by funds: $82.7M → $59.1M (-$23.6M)
29% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 7
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $23K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
+$690K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$468K |
| 3 |
Morgan Stanley
New York
|
+$66.2K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$63.7K |
| 5 |
RA
RR Advisors
Dallas,
Texas
|
+$16.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CG
Carlyle Group
Washington,
District of Columbia
|
-$1.36M |
| 2 |
AI
ArchPoint Investors
Coral Gables,
Florida
|
-$280K |
| 3 |
YCM
Yorkville Capital Management
New York
|
-$149K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$95K |
| 5 |
SBIA
Sheaff Brock Investment Advisors
Indianapolis,
Indiana
|
-$78K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SBIA
26
Sheaff Brock Investment Advisors
Indianapolis,
Indiana
| – | -$78K | -18,000 | Closed |
|
27
Simplex Trading
Chicago,
Illinois
| – | -$14.7K | -4,454 | Closed |
|
28
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$3K | -600 | Closed |
|
NDRO Hedge Fund Activity: Q4 2017 in Review
24 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in Enduro Royalty Trust (NDRO) for Q4 2017, worth a combined $59.1M — down 29% from $82.7M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of NDRO and 3 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 5 added.
The largest buyer was McGowan Group Asset Management, opening a new position worth an estimated $690K. The largest seller was Carlyle Group, cutting an estimated $1.36M.
- 24 institutional investors held Enduro Royalty Trust (NDRO) as of Q4 2017, down from 26 in Q3 2017.
- Funds reported $59.1M of Enduro Royalty Trust stock for Q4 2017, down 29% quarter-over-quarter.
- 3 funds opened new Enduro Royalty Trust positions in Q4 2017 and 5 closed out, a net change of -2 holders.
- The largest Enduro Royalty Trust buyer in Q4 2017 was McGowan Group Asset Management, an estimated $690K added.
- The largest Enduro Royalty Trust seller in Q4 2017 was Carlyle Group, an estimated $1.36M sold.
Based on aggregated 13F filings for Q4 2017.