Enduro Royalty Trust
NDRO
NDRO was delisted on the 13th of September, 2018.
28 hedge funds and large institutions have $106M invested in Enduro Royalty Trust in 2014 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 5 increasing their positions, 10 reducing their positions, and 14 closing their positions.
444% more call options, than puts
Call options by funds: $729K | Put options by funds: $134K
22% less funds holding
Funds holding: 36 → 28 (-8)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
50% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 14
50% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 10
60% less capital invested
Capital invested by funds: $262M → $106M (-$156M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
ArchPoint Investors
Coral Gables,
Florida
|
+$1.2M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$819K |
| 3 |
Morgan Stanley
New York
|
+$243K |
| 4 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$209K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$144K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KACA
Kayne Anderson Capital Advisors
Los Angeles,
California
|
-$4.05M |
| 2 |
NIM
NXG Investment Management
Dallas,
Texas
|
-$3.87M |
| 3 |
CC
Cannell & Co
New York
|
-$1.36M |
| 4 |
HB
Homrich & Berg
Atlanta,
Georgia
|
-$1.2M |
| 5 |
Goldman Sachs
New York
|
-$755K |
NDRO Hedge Fund Activity: Q4 2014 in Review
28 of the 3,751 institutional investors tracked by Wall St. Rank reported a position in Enduro Royalty Trust (NDRO) for Q4 2014, worth a combined $106M — down 60% from $262M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of NDRO and 7 opened new positions — a net loss of 7 holders — while 10 trimmed existing stakes and 5 added.
The largest buyer was ArchPoint Investors, adding an estimated $1.2M. The largest seller was Kayne Anderson Capital Advisors, cutting an estimated $4.05M.
- 28 institutional investors held Enduro Royalty Trust (NDRO) as of Q4 2014, down from 36 in Q3 2014.
- Funds reported $106M of Enduro Royalty Trust stock for Q4 2014, down 60% quarter-over-quarter.
- 7 funds opened new Enduro Royalty Trust positions in Q4 2014 and 14 closed out, a net change of -7 holders.
- The largest Enduro Royalty Trust buyer in Q4 2014 was ArchPoint Investors, an estimated $1.2M added.
- The largest Enduro Royalty Trust seller in Q4 2014 was Kayne Anderson Capital Advisors, an estimated $4.05M sold.
Based on aggregated 13F filings for Q4 2014.