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PBT

Permian Basin Royalty Trust
PBT

63 hedge funds and large institutions have $39.5M invested in Permian Basin Royalty Trust in 2018 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 14 increasing their positions, 17 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,200% more call options, than puts

Call options by funds: $39K | Put options by funds: $3K

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

7% more funds holding

Funds holding: 59 → 63 (+4)

0.48% less ownership

Funds ownership: 11.11% → 10.63% (-0.48%)

18% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 17

18% less capital invested

Capital invested by funds: $48.3M → $39.5M (-$8.84M)

Holders
63
Holders Change
+4
Holders Change %
+6.78%
% of All Funds
1.44%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
14
Reduced
17
Closed
7
Calls
$39K
Puts
$3K
Net Calls
+$36K
Net Calls Change
-$27K

Top Buyers

Rank Fund Capital Flow
1
KA
Kovack Advisors
Florida
+$271K
2
HH
Hilltop Holdings
Texas
+$258K
3
WA
WBH Advisory
Maryland
+$233K
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$146K
5
AG
Advisor Group
Arizona
+$134K

Top Sellers

Rank Fund Capital Flow
1
Deutsche Bank
Deutsche Bank
Germany
-$829K
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$597K
3
Morgan Stanley
Morgan Stanley
New York
-$483K
4
Renaissance Technologies
Renaissance Technologies
New York
-$326K
5
Millennium Management
Millennium Management
New York
-$228K
Name Holding Trade Value Shares
Change 		Change in
Stake
William Blair & Company
26
William Blair & Company
Illinois
$159K – – –
FIM
27
Fruth Investment Management
Texas
$158K – – –
RJA
28
Raymond James & Associates
Florida
$146K +$66.4K +7,472 +69%
California Public Employees Retirement System
29
California Public Employees Retirement System
California
$130K +$12.2K +1,373 +9%
Wells Fargo
30
Wells Fargo
California
$120K -$25.9K -2,915 -16%
FWCM
31
Ferguson Wellman Capital Management
Oregon
$119K – – –
Royal Bank of Canada
32
Royal Bank of Canada
Ontario, Canada
$114K +$61.4K +6,908 +94%
Cambridge Investment Research Advisors
33
Cambridge Investment Research Advisors
Iowa
$113K -$33.3K -3,749 -21%
MFP
34
Michael F. Price
$110K – – –
BMO
35
Beck Mack & Oliver
New York
$103K – – –
PNC Financial Services Group
36
PNC Financial Services Group
Pennsylvania
$101K -$220K -24,703 -66%
PC
37
Port Capital
Illinois
$99K +$111K +12,500 New
UBS Group
38
UBS Group
Switzerland
$88K -$51.5K -5,794 -34%
RJFSA
39
Raymond James Financial Services Advisors
Florida
$86K +$4.82K +542 +5%
DI
40
Diligent Investors
California
$81K – – –
SSB
41
Sandy Spring Bank
Maryland
$52K – – –
MNBTD
42
Moody National Bank Trust Division
Texas
$52K +$57.8K +6,500 New
TPWA
43
TRUE Private Wealth Advisors
Oregon
$34.8K +$38.6K +4,347 New
CAPTRUST Financial Advisors
44
CAPTRUST Financial Advisors
North Carolina
$27K +$30.2K +3,400 New
CFA
45
Carroll Financial Associates
North Carolina
$25K – – –
RE
46
RBC Europe
United Kingdom
$17.8K – – –
US Bancorp
47
US Bancorp
Minnesota
$16K – – –
ASN
48
Advisory Services Network
Georgia
$15K +$569 +64 +3%
SPIA
49
Steward Partners Investment Advisory
New York
$13K – – –
GWM
50
Geneos Wealth Management
Colorado
$13K +$2.37K +267 +18%
1
2
3

PBT Hedge Fund Activity: Q3 2018 in Review

63 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q3 2018, worth a combined $39.5M — down 18% from $48.3M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new PBT positions and 7 closed out — a net gain of 5 holders — while 14 added to existing stakes and 17 trimmed.

The largest buyer was Kovack Advisors, opening a new position worth an estimated $271K. The largest seller was Deutsche Bank, cutting an estimated $829K.

  • 63 institutional investors held Permian Basin Royalty Trust (PBT) as of Q3 2018, up from 59 in Q2 2018.
  • Funds reported $39.5M of Permian Basin Royalty Trust stock for Q3 2018, down 18% quarter-over-quarter.
  • 12 funds opened new Permian Basin Royalty Trust positions in Q3 2018 and 7 closed out, a net change of +5 holders.
  • The largest Permian Basin Royalty Trust buyer in Q3 2018 was Kovack Advisors, an estimated $271K added.
  • The largest Permian Basin Royalty Trust seller in Q3 2018 was Deutsche Bank, an estimated $829K sold.

Based on aggregated 13F filings for Q3 2018.