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PBT

Permian Basin Royalty Trust
PBT

66 hedge funds and large institutions have $36.5M invested in Permian Basin Royalty Trust in 2016 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 23 increasing their positions, 20 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

15% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 20

4% more capital invested

Capital invested by funds: $35M → $36.5M (+$1.51M)

0% more funds holding

Funds holding: 66 → 66 (0)

0.62% less ownership

Funds ownership: 10.77% → 10.15% (-0.62%)

95% less call options, than puts

Call options by funds: $2K | Put options by funds: $43K

Holders
66
Holders Change
–
Holders Change %
0%
% of All Funds
1.65%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
23
Reduced
20
Closed
5
Calls
$2K
Puts
$43K
Net Calls
-$41K
Net Calls Change
-$309K

Top Buyers

Rank Fund Capital Flow
1
Deutsche Bank
Deutsche Bank
Germany
+$876K
2
Renaissance Technologies
Renaissance Technologies
New York
+$787K
3
HC
Hawkins Capital
Texas
+$362K
4
LCM
Lucas Capital Management
New Jersey
+$344K
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$254K

Top Sellers

Rank Fund Capital Flow
1
RA
Royce & Associates
New York
-$1.95M
2
Bank of America
Bank of America
North Carolina
-$1.65M
3
APCM
Arbiter Partners Capital Management
New York
-$1.29M
4
California Public Employees Retirement System
California Public Employees Retirement System
California
-$526K
5
ANTB
AMG National Trust Bank
Colorado
-$219K
Name Holding Trade Value Shares
Change 		Change in
Stake
William Blair & Company
26
William Blair & Company
Illinois
$170K -$25.4K -3,500 -14%
JP Morgan Chase
27
JP Morgan Chase
New York
$157K +$104K +14,288 +234%
EEG
28
E.E. Geduld
$154K – – –
FIM
29
Fruth Investment Management
Texas
$153K – – –
AZA
30
Arthur Zaske & Associates
Michigan
$149K +$140K +19,285 New
LTFS
31
Ladenburg Thalmann Financial Services
Florida
$146K +$1.11K +153 +0.8%
CCM
32
Catawba Capital Management
Virginia
$140K -$13.4K -1,850 -9%
Cambridge Investment Research Advisors
33
Cambridge Investment Research Advisors
Iowa
$139K +$5.02K +692 +4%
FWCM
34
Ferguson Wellman Capital Management
Oregon
$123K – – –
PNC Financial Services Group
35
PNC Financial Services Group
Pennsylvania
$114K +$1.12K +155 +1%
Millennium Management
36
Millennium Management
New York
$100K -$21.4K -2,946 -18%
LPL Financial
37
LPL Financial
California
$100K +$89.9K +12,406 New
APCM
38
Arbiter Partners Capital Management
New York
$99K -$1.29M -178,069 -93%
BMO
39
Beck Mack & Oliver
New York
$96K +$10.9K +1,500 +14%
SPC
40
Sigma Planning Corp
Michigan
$95K -$602 -83 -0.7%
DI
41
Diligent Investors
California
$88K – – –
TPWA
42
TRUE Private Wealth Advisors
Oregon
$88K – – –
ACP
43
Aveo Capital Partners
Colorado
$88K +$82.8K +11,426 New
AG
44
Advisor Group
Arizona
$87K -$3.31K -457 -4%
Royal Bank of Canada
45
Royal Bank of Canada
Ontario, Canada
$55K +$9.07K +1,251 +21%
Creative Planning
46
Creative Planning
Kansas
$54K -$29.4K -4,062 -37%
GT
47
Glenmede Trust
Pennsylvania
$38K – – –
US Bancorp
48
US Bancorp
Minnesota
$34K – – –
CFA
49
Carroll Financial Associates
North Carolina
$24K – – –
IA
50
IFP Advisors
Florida
$24K – – –
1
2
3

PBT Hedge Fund Activity: Q4 2016 in Review

66 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q4 2016, worth a combined $36.5M — up 4.3% from $35M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new PBT positions and 5 closed out — a net gain of 1 holder — while 23 added to existing stakes and 20 trimmed.

The largest buyer was Deutsche Bank, adding an estimated $876K. The largest seller was Royce & Associates, cutting an estimated $1.95M.

  • 66 institutional investors held Permian Basin Royalty Trust (PBT) as of Q4 2016, unchanged from Q3 2016.
  • Funds reported $36.5M of Permian Basin Royalty Trust stock for Q4 2016, up 4.3% quarter-over-quarter.
  • 6 funds opened new Permian Basin Royalty Trust positions in Q4 2016 and 5 closed out, a net change of +1 holder.
  • The largest Permian Basin Royalty Trust buyer in Q4 2016 was Deutsche Bank, an estimated $876K added.
  • The largest Permian Basin Royalty Trust seller in Q4 2016 was Royce & Associates, an estimated $1.95M sold.

Based on aggregated 13F filings for Q4 2016.