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PBT

Permian Basin Royalty Trust
PBT

70 hedge funds and large institutions have $42.8M invested in Permian Basin Royalty Trust in 2017 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 21 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

279% more call options, than puts

Call options by funds: $795K | Put options by funds: $210K

83% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 6

17% more capital invested

Capital invested by funds: $36.5M → $42.8M (+$6.33M)

6% more funds holding

Funds holding: 66 → 70 (+4)

0.33% less ownership

Funds ownership: 10.15% → 9.82% (-0.33%)

10% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 21

Holders
70
Holders Change
+4
Holders Change %
+6.06%
% of All Funds
1.74%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
19
Reduced
21
Closed
6
Calls
$795K
Puts
$210K
Net Calls
+$585K
Net Calls Change
+$626K

Top Buyers

Rank Fund Capital Flow
1
GIM
Greenwich Investment Management
Connecticut
+$794K
2
Wells Fargo
Wells Fargo
California
+$413K
3
AZA
Arthur Zaske & Associates
Michigan
+$294K
4
State Street
State Street
Massachusetts
+$258K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$170K

Top Sellers

Rank Fund Capital Flow
1
Renaissance Technologies
Renaissance Technologies
New York
-$1.11M
2
Deutsche Bank
Deutsche Bank
Germany
-$1.06M
3
FRM
Foundation Resource Management
Arkansas
-$494K
4
Two Sigma Investments
Two Sigma Investments
New York
-$417K
5
VKH
Virtu KCG Holdings
New York
-$247K
Name Holding Trade Value Shares
Change 		Change in
Stake
SCM
26
Sterling Capital Management
North Carolina
$242K -$23.2K -2,600 -9%
MFP
27
Michael F. Price
$223K – – –
LPL Financial
28
LPL Financial
California
$223K +$102K +11,443 +92%
Millennium Management
29
Millennium Management
New York
$197K +$71.8K +8,056 +62%
JP Morgan Chase
30
JP Morgan Chase
New York
$191K – – –
FIM
31
Fruth Investment Management
Texas
$186K – – –
ASN
32
Advisory Services Network
Georgia
$183K +$175K +19,606 New
William Blair & Company
33
William Blair & Company
Illinois
$171K -$31.2K -3,500 -16%
LTFS
34
Ladenburg Thalmann Financial Services
Florida
$171K -$4.91K -551 -3%
Cambridge Investment Research Advisors
35
Cambridge Investment Research Advisors
Iowa
$171K +$2.31K +259 +1%
CCM
36
Catawba Capital Management
Virginia
$170K – – –
BMO
37
Beck Mack & Oliver
New York
$153K +$34.8K +3,900 +31%
FWCM
38
Ferguson Wellman Capital Management
Oregon
$150K – – –
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$145K +$4.46K +500 +3%
SPC
40
Sigma Planning Corp
Michigan
$118K +$2.5K +280 +2%
STMM
41
South Texas Money Management
Texas
$117K +$111K +12,463 New
VKH
42
Virtu KCG Holdings
New York
$110K -$247K -27,682 -70%
DI
43
Diligent Investors
California
$106K -$1.07K -120 -1%
TPWA
44
TRUE Private Wealth Advisors
Oregon
$101K – – –
LFAS
45
Level Four Advisory Services
Texas
$101K +$94K +10,549 New
Creative Planning
46
Creative Planning
Kansas
$48K -$16.5K -1,849 -26%
WTB
47
Washington Trust Bank
Washington
$47K +$44.6K +5,000 New
GT
48
Glenmede Trust
Pennsylvania
$46K – – –
US Bancorp
49
US Bancorp
Minnesota
$41K – – –
Simplex Trading
50
Simplex Trading
Illinois
$41K +$39.1K +4,389 +15,134%
1
2
3 4

PBT Hedge Fund Activity: Q1 2017 in Review

70 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q1 2017, worth a combined $42.8M — up 17% from $36.5M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new PBT positions and 6 closed out — a net gain of 5 holders — while 19 added to existing stakes and 21 trimmed.

The largest buyer was Greenwich Investment Management, opening a new position worth an estimated $794K. The largest seller was Renaissance Technologies, cutting an estimated $1.11M.

  • 70 institutional investors held Permian Basin Royalty Trust (PBT) as of Q1 2017, up from 66 in Q4 2016.
  • Funds reported $42.8M of Permian Basin Royalty Trust stock for Q1 2017, up 17% quarter-over-quarter.
  • 11 funds opened new Permian Basin Royalty Trust positions in Q1 2017 and 6 closed out, a net change of +5 holders.
  • The largest Permian Basin Royalty Trust buyer in Q1 2017 was Greenwich Investment Management, an estimated $794K added.
  • The largest Permian Basin Royalty Trust seller in Q1 2017 was Renaissance Technologies, an estimated $1.11M sold.

Based on aggregated 13F filings for Q1 2017.