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PBT

Permian Basin Royalty Trust
PBT

62 hedge funds and large institutions have $34.8M invested in Permian Basin Royalty Trust in 2015 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 16 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

461% more call options, than puts

Call options by funds: $101K | Put options by funds: $18K

13% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 16

0.09% less ownership

Funds ownership: 12.3% → 12.21% (-0.09%)

16% less funds holding

Funds holding: 74 → 62 (-12)

25% less capital invested

Capital invested by funds: $46.2M → $34.8M (-$11.4M)

75% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 16

Holders
62
Holders Change
-12
Holders Change %
-16.22%
% of All Funds
1.73%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
18
Reduced
16
Closed
16
Calls
$101K
Puts
$18K
Net Calls
+$83K
Net Calls Change
+$178K

Top Buyers

Rank Fund Capital Flow
1
APCM
Arbiter Partners Capital Management
New York
+$733K
2
RA
Royce & Associates
New York
+$485K
3
Bank of America
Bank of America
North Carolina
+$253K
4
FRM
Foundation Resource Management
Arkansas
+$216K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$110K

Top Sellers

Rank Fund Capital Flow
1
Deutsche Bank
Deutsche Bank
Germany
-$643K
2
Two Sigma Investments
Two Sigma Investments
New York
-$399K
3
CIA
Capital Investment Advisors
Georgia
-$249K
4
Morgan Stanley
Morgan Stanley
New York
-$246K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$145K
Name Holding Trade Value Shares
Change 		Change in
Stake
Luther King Capital Management (LKCM)
26
Luther King Capital Management (LKCM)
Texas
$113K – – –
Barclays
27
Barclays
United Kingdom
$112K -$106K -15,251 -45%
FWCM
28
Ferguson Wellman Capital Management
Oregon
$98K – – –
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$96K -$11.5K -1,647 -10%
LTFS
30
Ladenburg Thalmann Financial Services
Florida
$91K +$14.7K +2,114 +17%
SPC
31
Sigma Planning Corp
Michigan
$78K +$1.28K +184 +1%
ACM
32
Argentus Capital Management
Texas
$76K – – –
AIG
33
American International Group
New York
$71K +$9.02K +1,294 +12%
JP Morgan Chase
34
JP Morgan Chase
New York
$67K – – –
Creative Planning
35
Creative Planning
Kansas
$65K -$7.18K -1,030 -9%
RCM
36
Rotella Capital Management
Washington
$64K +$72.8K +10,441 New
PCM
37
Perritt Capital Management
Illinois
$61K – – –
GT
38
Glenmede Trust
Pennsylvania
$30K – – –
CFS
39
Commonwealth Financial Services
West Virginia
$26K – – –
PSI
40
Pinnacle Summer Investments
Virginia
$21K +$383 +55 +2%
ANBT
41
American National Bank & Trust
Texas
$18K -$3.48K -500 -15%
Group One Trading
42
Group One Trading
Illinois
$16K +$2.09K +300 +13%
ECM
43
Estabrook Capital Management
New York
$12.2K – – –
Bank of Montreal
44
Bank of Montreal
Ontario, Canada
$9K – – –
MSFP
45
Mark Sheptoff Financial Planning
Connecticut
$9K +$167 +24 +2%
BCM
46
Brookstone Capital Management
Illinois
$7K – – –
IWMPD
47
Integrated Wealth Management (Palm Desert)
California
$7K – – –
NFG
48
Next Financial Group
Texas
$6K – – –
PSC
49
Prentiss Smith & Co
Vermont
$5K – – –
FIB
50
First Interstate Bank
Montana
$5K +$5.58K +800 New
1
2
3 4

PBT Hedge Fund Activity: Q3 2015 in Review

62 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q3 2015, worth a combined $34.8M — down 25% from $46.2M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of PBT and 4 opened new positions — a net loss of 12 holders — while 16 trimmed existing stakes and 18 added.

The largest buyer was Arbiter Partners Capital Management, adding an estimated $733K. The largest seller was Deutsche Bank, exiting entirely with an estimated $643K sold.

  • 62 institutional investors held Permian Basin Royalty Trust (PBT) as of Q3 2015, down from 74 in Q2 2015.
  • Funds reported $34.8M of Permian Basin Royalty Trust stock for Q3 2015, down 25% quarter-over-quarter.
  • 4 funds opened new Permian Basin Royalty Trust positions in Q3 2015 and 16 closed out, a net change of -12 holders.
  • The largest Permian Basin Royalty Trust buyer in Q3 2015 was Arbiter Partners Capital Management, an estimated $733K added.
  • The largest Permian Basin Royalty Trust seller in Q3 2015 was Deutsche Bank, an estimated $643K sold.

Based on aggregated 13F filings for Q3 2015.