Enduro Royalty Trust
NDRO
NDRO was delisted on the 13th of September, 2018.
27 hedge funds and large institutions have $67.9M invested in Enduro Royalty Trust in 2018 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 2 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
250% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 2
15% more capital invested
Capital invested by funds: $59.1M → $67.9M (+$8.81M)
13% more funds holding
Funds holding: 24 → 27 (+3)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $4K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Tocqueville Asset Management
New York
|
+$627K |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
+$157K |
| 3 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
+$145K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$144K |
| 5 |
MIM
Marco Investment Management
Atlanta,
Georgia
|
+$53.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$25.2K |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$9K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$7.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LTFS
26
Ladenburg Thalmann Financial Services
Miami,
Florida
| $1K | – | – | – |
|
|
27
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$9K | -3,000 | Closed |
|
NDRO Hedge Fund Activity: Q1 2018 in Review
27 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Enduro Royalty Trust (NDRO) for Q1 2018, worth a combined $67.9M — up 15% from $59.1M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new NDRO positions and 1 closed out — a net gain of 3 holders — while 7 added to existing stakes and 2 trimmed.
The largest buyer was Tocqueville Asset Management, opening a new position worth an estimated $627K. The largest seller was Royal Bank of Canada, cutting an estimated $25.2K.
- 27 institutional investors held Enduro Royalty Trust (NDRO) as of Q1 2018, up from 24 in Q4 2017.
- Funds reported $67.9M of Enduro Royalty Trust stock for Q1 2018, up 15% quarter-over-quarter.
- 4 funds opened new Enduro Royalty Trust positions in Q1 2018 and 1 closed out, a net change of +3 holders.
- The largest Enduro Royalty Trust buyer in Q1 2018 was Tocqueville Asset Management, an estimated $627K added.
- The largest Enduro Royalty Trust seller in Q1 2018 was Royal Bank of Canada, an estimated $25.2K sold.
Based on aggregated 13F filings for Q1 2018.