We are live on ! Find out more
PBT

Permian Basin Royalty Trust
PBT

64 hedge funds and large institutions have $42.6M invested in Permian Basin Royalty Trust in 2017 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 16 increasing their positions, 20 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% more capital invested

Capital invested by funds: $39.9M → $42.6M (+$2.73M)

0.48% more ownership

Funds ownership: 9.83% → 10.31% (+0.48%)

7% less funds holding

Funds holding: 69 → 64 (-5)

20% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 20

38% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 13

39% less call options, than puts

Call options by funds: $144K | Put options by funds: $238K

Holders
64
Holders Change
-5
Holders Change %
-7.25%
% of All Funds
1.45%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
16
Reduced
20
Closed
13
Calls
$144K
Puts
$238K
Net Calls
-$94K
Net Calls Change
+$744K

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$939K
2
Morgan Stanley
Morgan Stanley
New York
+$900K
3
MGAM
McGowan Group Asset Management
Texas
+$662K
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$650K
5
Citadel Advisors
Citadel Advisors
Florida
+$430K

Top Sellers

Rank Fund Capital Flow
1
FRM
Foundation Resource Management
Arkansas
-$1.1M
2
HC
Hawkins Capital
Texas
-$630K
3
Wells Fargo
Wells Fargo
California
-$604K
4
UBS Group
UBS Group
Switzerland
-$431K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$300K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
26
Wells Fargo
California
$223K -$604K -65,849 -72%
HW
27
Hancock Whitney
Mississippi
$223K +$19.7K +2,143 +9%
MFP
28
Michael F. Price
$211K – – –
UBS Group
29
UBS Group
Switzerland
$207K -$431K -46,964 -67%
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$196K +$29.4K +3,201 +17%
LTFS
31
Ladenburg Thalmann Financial Services
Florida
$185K +$3.86K +421 +2%
ASN
32
Advisory Services Network
Georgia
$183K +$486 +53 +0.3%
FIM
33
Fruth Investment Management
Texas
$176K – – –
Two Sigma Investments
34
Two Sigma Investments
New York
$163K +$168K +18,369 New
CCM
35
Catawba Capital Management
Virginia
$155K – – –
William Blair & Company
36
William Blair & Company
Illinois
$155K – – –
BMO
37
Beck Mack & Oliver
New York
$145K – – –
FWCM
38
Ferguson Wellman Capital Management
Oregon
$132K -$10.1K -1,100 -7%
SPC
39
Sigma Planning Corp
Michigan
$112K -$3.71K -404 -3%
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$110K – – –
LCM
41
Lucas Capital Management
New Jersey
$99K -$96.3K -10,500 -49%
DI
42
Diligent Investors
California
$90K – – –
SSB
43
Sandy Spring Bank
Maryland
$58K – – –
GT
44
Glenmede Trust
Pennsylvania
$44K – – –
US Bancorp
45
US Bancorp
Minnesota
$39K – – –
CFA
46
Carroll Financial Associates
North Carolina
$28K – – –
IA
47
IFP Advisors
Florida
$26K -$1.6K -175 -6%
Royal Bank of Canada
48
Royal Bank of Canada
Ontario, Canada
$23K -$46 -5 -0.2%
RE
49
RBC Europe
United Kingdom
$19.8K – – –
CG
50
Cutler Group
California
$17K +$8.23K +897 +82%
1
2
3 4

PBT Hedge Fund Activity: Q4 2017 in Review

64 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q4 2017, worth a combined $42.6M — up 6.9% from $39.9M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of PBT and 8 opened new positions — a net loss of 5 holders — while 20 trimmed existing stakes and 16 added.

The largest buyer was Fidelity Investments, adding an estimated $939K. The largest seller was Foundation Resource Management, cutting an estimated $1.1M.

  • 64 institutional investors held Permian Basin Royalty Trust (PBT) as of Q4 2017, down from 69 in Q3 2017.
  • Funds reported $42.6M of Permian Basin Royalty Trust stock for Q4 2017, up 6.9% quarter-over-quarter.
  • 8 funds opened new Permian Basin Royalty Trust positions in Q4 2017 and 13 closed out, a net change of -5 holders.
  • The largest Permian Basin Royalty Trust buyer in Q4 2017 was Fidelity Investments, an estimated $939K added.
  • The largest Permian Basin Royalty Trust seller in Q4 2017 was Foundation Resource Management, an estimated $1.1M sold.

Based on aggregated 13F filings for Q4 2017.