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PBT

Permian Basin Royalty Trust
PBT

59 hedge funds and large institutions have $48.3M invested in Permian Basin Royalty Trust in 2018 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 21 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

41% more call options, than puts

Call options by funds: $215K | Put options by funds: $152K

6% more capital invested

Capital invested by funds: $45.4M → $48.3M (+$2.92M)

1.02% more ownership

Funds ownership: 10.09% → 11.11% (+1%)

9% less funds holding

Funds holding: 65 → 59 (-6)

38% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 21

55% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 11

Holders
59
Holders Change
-6
Holders Change %
-9.23%
% of All Funds
1.35%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
13
Reduced
21
Closed
11
Calls
$215K
Puts
$152K
Net Calls
+$63K
Net Calls Change
-$257K

Top Buyers

Rank Fund Capital Flow
1
Baird Financial Group
Baird Financial Group
Wisconsin
+$1.51M
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$1.37M
3
Deutsche Bank
Deutsche Bank
Germany
+$1.32M
4
MGAM
McGowan Group Asset Management
Texas
+$648K
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$618K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$325K
2
KA
Kovack Advisors
Florida
-$290K
3
Citadel Advisors
Citadel Advisors
Florida
-$152K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$152K
5
RA
Royce & Associates
New York
-$119K
Name Holding Trade Value Shares
Change 		Change in
Stake
FIM
26
Fruth Investment Management
Texas
$185K – – –
Two Sigma Investments
27
Two Sigma Investments
New York
$176K -$56.8K -5,900 -24%
Wells Fargo
28
Wells Fargo
California
$168K +$27.8K +2,885 +19%
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$167K -$4.36K -452 -2%
UBS Group
30
UBS Group
Switzerland
$158K -$13.2K -1,374 -8%
CCM
31
Catawba Capital Management
Virginia
$148K -$15.9K -1,650 -9%
California Public Employees Retirement System
32
California Public Employees Retirement System
California
$140K +$144K +14,980 New
FWCM
33
Ferguson Wellman Capital Management
Oregon
$139K – – –
MFP
34
Michael F. Price
$129K -$96.3K -10,000 -42%
BMO
35
Beck Mack & Oliver
New York
$120K – – –
Wolverine Trading
36
Wolverine Trading
Illinois
$102K – – –
RJA
37
Raymond James & Associates
Florida
$102K +$105K +10,889 New
RJFSA
38
Raymond James Financial Services Advisors
Florida
$96K -$10.5K -1,090 -10%
DI
39
Diligent Investors
California
$95K – – –
Royal Bank of Canada
40
Royal Bank of Canada
Ontario, Canada
$68K +$25.6K +2,660 +57%
SSB
41
Sandy Spring Bank
Maryland
$61K – – –
GT
42
Glenmede Trust
Pennsylvania
$47K – – –
CFA
43
Carroll Financial Associates
North Carolina
$29K – – –
GBBWRPM
44
Genovese Burford & Brothers Wealth & Retirement Plan Management
California
$23K – – –
RE
45
RBC Europe
United Kingdom
$20.8K – – –
US Bancorp
46
US Bancorp
Minnesota
$19K – – –
ASN
47
Advisory Services Network
Georgia
$17K -$3.4K -353 -16%
SPIA
48
Steward Partners Investment Advisory
New York
$15K – – –
IA
49
IFP Advisors
Florida
$14K -$14.5K -1,500 -51%
Bank of Montreal
50
Bank of Montreal
Ontario, Canada
$14K – – –
1
2
3

PBT Hedge Fund Activity: Q2 2018 in Review

59 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q2 2018, worth a combined $48.3M — up 6.4% from $45.4M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of PBT and 5 opened new positions — a net loss of 6 holders — while 21 trimmed existing stakes and 13 added.

The largest buyer was Baird Financial Group, opening a new position worth an estimated $1.51M. The largest seller was Morgan Stanley, cutting an estimated $325K.

  • 59 institutional investors held Permian Basin Royalty Trust (PBT) as of Q2 2018, down from 65 in Q1 2018.
  • Funds reported $48.3M of Permian Basin Royalty Trust stock for Q2 2018, up 6.4% quarter-over-quarter.
  • 5 funds opened new Permian Basin Royalty Trust positions in Q2 2018 and 11 closed out, a net change of -6 holders.
  • The largest Permian Basin Royalty Trust buyer in Q2 2018 was Baird Financial Group, an estimated $1.51M added.
  • The largest Permian Basin Royalty Trust seller in Q2 2018 was Morgan Stanley, an estimated $325K sold.

Based on aggregated 13F filings for Q2 2018.