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PBT

Permian Basin Royalty Trust
PBT

64 hedge funds and large institutions have $39M invested in Permian Basin Royalty Trust in 2016 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more capital invested

Capital invested by funds: $32.4M → $39M (+$6.6M)

2% more funds holding

Funds holding: 63 → 64 (+1)

9% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 11

7% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 15

0.13% more ownership

Funds ownership: 11.28% → 11.41% (+0.13%)

5% less call options, than puts

Call options by funds: $59K | Put options by funds: $62K

Holders
64
Holders Change
+1
Holders Change %
+1.59%
% of All Funds
1.71%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
16
Reduced
15
Closed
11
Calls
$59K
Puts
$62K
Net Calls
-$3K
Net Calls Change
-$54K

Top Buyers

Rank Fund Capital Flow
1
HK
Horizon Kinetics
New York
+$2.18M
2
Renaissance Technologies
Renaissance Technologies
New York
+$511K
3
Deutsche Bank
Deutsche Bank
Germany
+$502K
4
LCM
Lucas Capital Management
New Jersey
+$262K
5
UBS Group
UBS Group
Switzerland
+$211K

Top Sellers

Rank Fund Capital Flow
1
APCM
Arbiter Partners Capital Management
New York
-$3.05M
2
Millennium Management
Millennium Management
New York
-$275K
3
ANTB
AMG National Trust Bank
Colorado
-$140K
4
AIG
American International Group
New York
-$73K
5
JP Morgan Chase
JP Morgan Chase
New York
-$64.3K
Name Holding Trade Value Shares
Change 		Change in
Stake
CCM
26
Catawba Capital Management
Virginia
$147K -$23.6K -3,475 -15%
FIM
27
Fruth Investment Management
Texas
$145K – – –
LTFS
28
Ladenburg Thalmann Financial Services
Florida
$136K +$34 +5 +0%
FWCM
29
Ferguson Wellman Capital Management
Oregon
$117K – – –
PNC Financial Services Group
30
PNC Financial Services Group
Pennsylvania
$107K +$74.2K +10,918 +295%
SPC
31
Sigma Planning Corp
Michigan
$90K -$4.18K -615 -5%
Luther King Capital Management (LKCM)
32
Luther King Capital Management (LKCM)
Texas
$86K +$79.5K +11,700 New
AG
33
Advisor Group
Arizona
$85K +$80.3K +11,816 New
DI
34
Diligent Investors
California
$84K – – –
BMO
35
Beck Mack & Oliver
New York
$81K – – –
Creative Planning
36
Creative Planning
Kansas
$80K +$38.5K +5,662 +109%
First Manhattan
37
First Manhattan
New York
$73K – – –
TPWA
38
TRUE Private Wealth Advisors
Oregon
$73K – – –
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$43K +$19.7K +2,902 +96%
GT
40
Glenmede Trust
Pennsylvania
$36K – – –
Walleye Trading
41
Walleye Trading
New York
$32K +$29.2K +4,300 New
CFA
42
Carroll Financial Associates
North Carolina
$23K – – –
IA
43
IFP Advisors
Florida
$23K +$17.2K +2,525 +421%
ANBT
44
American National Bank & Trust
Texas
$21K – – –
AI
45
ArchPoint Investors
Florida
$19K – – –
US Bancorp
46
US Bancorp
Minnesota
$18K – – –
CG
47
Cutler Group
California
$16K -$679 -100 -4%
GWM
48
Geneos Wealth Management
Colorado
$16K +$88 +13 +0.6%
BIG
49
Bellwether Investment Group
Tennessee
$16K +$14.5K +2,140 New
JP Morgan Chase
50
JP Morgan Chase
New York
$11K -$64.3K -9,472 -86%
1
2
3

PBT Hedge Fund Activity: Q2 2016 in Review

64 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q2 2016, worth a combined $39M — up 20% from $32.4M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new PBT positions and 11 closed out — a net gain of 1 holder — while 16 added to existing stakes and 15 trimmed.

The largest buyer was Horizon Kinetics, opening a new position worth an estimated $2.18M. The largest seller was Arbiter Partners Capital Management, cutting an estimated $3.05M.

  • 64 institutional investors held Permian Basin Royalty Trust (PBT) as of Q2 2016, up from 63 in Q1 2016.
  • Funds reported $39M of Permian Basin Royalty Trust stock for Q2 2016, up 20% quarter-over-quarter.
  • 12 funds opened new Permian Basin Royalty Trust positions in Q2 2016 and 11 closed out, a net change of +1 holder.
  • The largest Permian Basin Royalty Trust buyer in Q2 2016 was Horizon Kinetics, an estimated $2.18M added.
  • The largest Permian Basin Royalty Trust seller in Q2 2016 was Arbiter Partners Capital Management, an estimated $3.05M sold.

Based on aggregated 13F filings for Q2 2016.