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PBT

Permian Basin Royalty Trust
PBT

91 hedge funds and large institutions have $74.6M invested in Permian Basin Royalty Trust in 2014 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 25 increasing their positions, 25 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 25

0.47% less ownership

Funds ownership: 12.27% → 11.81% (-0.47%)

1% less call options, than puts

Call options by funds: $958K | Put options by funds: $972K

7% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 14

1% less funds holding

Funds holding: 92 → 91 (-1)

8% less capital invested

Capital invested by funds: $81.5M → $74.6M (-$6.88M)

Holders
91
Holders Change
-1
Holders Change %
-1.09%
% of All Funds
2.64%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
25
Reduced
25
Closed
14
Calls
$958K
Puts
$972K
Net Calls
-$14K
Net Calls Change
+$76K

Top Buyers

Rank Fund Capital Flow
1
NIM
NXG Investment Management
Texas
+$3.51M
2
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$442K
3
Wells Fargo
Wells Fargo
California
+$394K
4
Morgan Stanley
Morgan Stanley
New York
+$376K
5
FIM
Fruth Investment Management
Texas
+$345K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$2.53M
2
LCM
Lucas Capital Management
New Jersey
-$1.35M
3
Renaissance Technologies
Renaissance Technologies
New York
-$1.15M
4
Northern Trust
Northern Trust
Illinois
-$752K
5
ANTB
AMG National Trust Bank
Colorado
-$639K
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
26
Stifel Financial
Missouri
$547K – – –
SWA
27
SFMG Wealth Advisors
Texas
$437K +$42.1K +3,000 +10%
PNC Financial Services Group
28
PNC Financial Services Group
Pennsylvania
$435K +$442K +31,484 +5,373%
JWBC
29
J.W. Burns & Co
New York
$367K -$65.9K -4,697 -15%
RCAG
30
Rehmann Capital Advisory Group
Michigan
$339K +$548 +39 +0.2%
FIM
31
Fruth Investment Management
Texas
$334K +$345K +24,600 New
BRWM
32
B. Riley Wealth Management
Tennessee
$329K – – –
Cambridge Investment Research Advisors
33
Cambridge Investment Research Advisors
Iowa
$315K +$131K +9,325 +67%
TC
34
TFS Capital
Pennsylvania
$314K +$18.2K +1,297 +6%
Commonwealth Equity Services
35
Commonwealth Equity Services
Massachusetts
$309K +$32.3K +2,299 +11%
FMP
36
Financial Management Professionals
Texas
$294K – – –
JP Morgan Chase
37
JP Morgan Chase
New York
$286K -$49.4K -3,520 -14%
GAM
38
Gotham Asset Management
New York
$280K -$69K -4,915 -19%
SCM
39
Sterling Capital Management
North Carolina
$255K – – –
Luther King Capital Management (LKCM)
40
Luther King Capital Management (LKCM)
Texas
$251K – – –
ACM
41
Argentus Capital Management
Texas
$251K +$35.7K +2,542 +16%
William Blair & Company
42
William Blair & Company
Illinois
$244K +$87.7K +6,250 +53%
V
43
Veritable
Delaware
$187K – – –
HIM
44
Hillsdale Investment Management
Ontario, Canada
$187K +$194K +13,800 New
OC
45
Oppenheimer & Co
New York
$166K -$49.1K -3,500 -22%
EGA
46
Eagle Global Advisors
Texas
$163K – – –
JIP
47
Jaffetilchin Investment Partners
Florida
$156K -$15.9K -1,131 -9%
PG
48
PEAK6 Group
Illinois
$154K +$91.1K +6,488 +133%
First Trust Advisors
49
First Trust Advisors
Illinois
$153K +$158K +11,244 New
VKH
50
Virtu KCG Holdings
New York
$152K -$116K -8,265 -42%
1
2
3 4 5

PBT Hedge Fund Activity: Q3 2014 in Review

91 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q3 2014, worth a combined $74.6M — down 8.4% from $81.5M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of PBT and 13 opened new positions — a net loss of 1 holder — while 25 trimmed existing stakes and 25 added.

The largest buyer was NXG Investment Management, adding an estimated $3.51M. The largest seller was Bank of America, cutting an estimated $2.53M.

  • 91 institutional investors held Permian Basin Royalty Trust (PBT) as of Q3 2014, down from 92 in Q2 2014.
  • Funds reported $74.6M of Permian Basin Royalty Trust stock for Q3 2014, down 8.4% quarter-over-quarter.
  • 13 funds opened new Permian Basin Royalty Trust positions in Q3 2014 and 14 closed out, a net change of -1 holder.
  • The largest Permian Basin Royalty Trust buyer in Q3 2014 was NXG Investment Management, an estimated $3.51M added.
  • The largest Permian Basin Royalty Trust seller in Q3 2014 was Bank of America, an estimated $2.53M sold.

Based on aggregated 13F filings for Q3 2014.