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PBT

Permian Basin Royalty Trust
PBT

67 hedge funds and large institutions have $27.2M invested in Permian Basin Royalty Trust in 2019 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 17 increasing their positions, 20 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.62% more ownership

Funds ownership: 9% → 9.61% (+0.62%)

0% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 9

3% less funds holding

Funds holding: 69 → 67 (-2)

14% less capital invested

Capital invested by funds: $31.5M → $27.2M (-$4.28M)

15% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 20

Holders
67
Holders Change
-2
Holders Change %
-2.9%
% of All Funds
1.46%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
17
Reduced
20
Closed
9
Calls
$61K
Puts
–
Net Calls
+$61K
Net Calls Change
+$61K

Top Buyers

Rank Fund Capital Flow
1
VEA
Virtus ETF Advisers
New York
+$2.15M
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$517K
3
Deutsche Bank
Deutsche Bank
Germany
+$433K
4
Renaissance Technologies
Renaissance Technologies
New York
+$433K
5
Morgan Stanley
Morgan Stanley
New York
+$197K

Top Sellers

Rank Fund Capital Flow
1
HFS
Howard Financial Services
Texas
-$1.12M
2
SWM
SeaCrest Wealth Management
New York
-$520K
3
MGAM
McGowan Group Asset Management
Texas
-$200K
4
PFS
Prospera Financial Services
Texas
-$177K
5
RA
Royce & Associates
New York
-$137K
Name Holding Trade Value Shares
Change 		Change in
Stake
SWM
26
SeaCrest Wealth Management
New York
$96K -$520K -80,900 -84%
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$94K -$6.34K -986 -6%
Creative Planning
28
Creative Planning
Kansas
$92K +$6.43K +1,000 +7%
FWCM
29
Ferguson Wellman Capital Management
Oregon
$90K – – –
PNC Financial Services Group
30
PNC Financial Services Group
Pennsylvania
$87K -$8.94K -1,390 -9%
MFP
31
Michael F. Price
$84K – – –
LPL Financial
32
LPL Financial
California
$76K +$80.1K +12,464 New
California Public Employees Retirement System
33
California Public Employees Retirement System
California
$73K -$38.6K -6,002 -33%
TP
34
Tranquility Partners
Tennessee
$69K +$72.5K +11,274 New
BMO
35
Beck Mack & Oliver
New York
$66K – – –
RJFSA
36
Raymond James Financial Services Advisors
Florida
$64K -$6.67K -1,038 -9%
PC
37
Port Capital
Illinois
$64K – – –
Goldman Sachs
38
Goldman Sachs
New York
$64K +$67.2K +10,451 New
Two Sigma Investments
39
Two Sigma Investments
New York
$63K -$6.54K -1,017 -9%
VF
40
Virtu Financial
New York
$62K +$65.5K +10,185 New
DI
41
Diligent Investors
California
$61K – – –
Royal Bank of Canada
42
Royal Bank of Canada
Ontario, Canada
$49K +$19.2K +2,990 +59%
SSB
43
Sandy Spring Bank
Maryland
$40K – – –
CFB
44
Cullen/Frost Bankers
Texas
$33K – – –
US Bancorp
45
US Bancorp
Minnesota
$30K – – –
TPWA
46
TRUE Private Wealth Advisors
Oregon
$26K +$28K +4,347 New
CAPTRUST Financial Advisors
47
CAPTRUST Financial Advisors
North Carolina
$24K – – –
CFA
48
Carroll Financial Associates
North Carolina
$19K +$129 +20 +0.6%
UBS Group
49
UBS Group
Switzerland
$18K -$11.4K -1,776 -37%
GSWM
50
Golden State Wealth Management
California
$14K – – –
1
2
3 4

PBT Hedge Fund Activity: Q2 2019 in Review

67 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q2 2019, worth a combined $27.2M — down 14% from $31.5M a quarter earlier.

Fund positioning in PBT was balanced in Q2 2019: 9 funds opened new positions, 9 closed out, 17 added to existing stakes and 20 trimmed.

The largest buyer was Virtus ETF Advisers, opening a new position worth an estimated $2.15M. The largest seller was Howard Financial Services, exiting entirely with an estimated $1.12M sold.

  • 67 institutional investors held Permian Basin Royalty Trust (PBT) as of Q2 2019, down from 69 in Q1 2019.
  • Funds reported $27.2M of Permian Basin Royalty Trust stock for Q2 2019, down 14% quarter-over-quarter.
  • 9 funds opened new Permian Basin Royalty Trust positions in Q2 2019 and 9 closed out, a net change of 0 holders.
  • The largest Permian Basin Royalty Trust buyer in Q2 2019 was Virtus ETF Advisers, an estimated $2.15M added.
  • The largest Permian Basin Royalty Trust seller in Q2 2019 was Howard Financial Services, an estimated $1.12M sold.

Based on aggregated 13F filings for Q2 2019.