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PBT

Permian Basin Royalty Trust
PBT

63 hedge funds and large institutions have $23M invested in Permian Basin Royalty Trust in 2019 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 13

0.09% less ownership

Funds ownership: 9.61% → 9.52% (-0.09%)

6% less funds holding

Funds holding: 67 → 63 (-4)

16% less capital invested

Capital invested by funds: $27.2M → $23M (-$4.26M)

31% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 13

Holders
63
Holders Change
-4
Holders Change %
-5.97%
% of All Funds
1.38%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
17
Reduced
13
Closed
13
Calls
$2K
Puts
–
Net Calls
+$2K
Net Calls Change
-$59K

Top Buyers

Rank Fund Capital Flow
1
VEA
Virtus ETF Advisers
New York
+$856K
2
WWM
Western Wealth Management
Colorado
+$312K
3
Two Sigma Investments
Two Sigma Investments
New York
+$226K
4
RA
Royce & Associates
New York
+$122K
5
CCM
Cullen Capital Management
New York
+$116K

Top Sellers

Rank Fund Capital Flow
1
Renaissance Technologies
Renaissance Technologies
New York
-$563K
2
Deutsche Bank
Deutsche Bank
Germany
-$426K
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$296K
4
Two Sigma Advisers
Two Sigma Advisers
New York
-$165K
5
HH
Hilltop Holdings
Texas
-$161K
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC Financial Services Group
26
PNC Financial Services Group
Pennsylvania
$79K +$5.16K +1,000 +7%
California Public Employees Retirement System
27
California Public Employees Retirement System
California
$76K +$14.2K +2,747 +23%
Two Sigma Advisers
28
Two Sigma Advisers
New York
$74K -$165K -31,900 -69%
MFP
29
Michael F. Price
$72K – – –
UBS Group
30
UBS Group
Switzerland
$61K +$45.6K +8,830 +296%
TP
31
Tranquility Partners
Tennessee
$60K +$1.45K +280 +2%
Wells Fargo
32
Wells Fargo
California
$59K -$26.3K -5,097 -31%
RJFSA
33
Raymond James Financial Services Advisors
Florida
$55K +$222 +43 +0.4%
DI
34
Diligent Investors
California
$52K – – –
SS
35
Sunbelt Securities
Texas
$52K +$52K +10,065 New
Deutsche Bank
36
Deutsche Bank
Germany
$51K -$426K -82,437 -89%
SSB
37
Sandy Spring Bank
Maryland
$34K – – –
CFB
38
Cullen/Frost Bankers
Texas
$28K – – –
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$27K -$15.5K -2,996 -37%
US Bancorp
40
US Bancorp
Minnesota
$26K – – –
CAPTRUST Financial Advisors
41
CAPTRUST Financial Advisors
North Carolina
$21K – – –
CFA
42
Carroll Financial Associates
North Carolina
$17K +$408 +79 +2%
GSWM
43
Golden State Wealth Management
California
$13K – – –
OAM
44
Oppenheimer Asset Management
New York
$13K +$13.2K +2,565 New
RE
45
RBC Europe
United Kingdom
$11.6K – – –
SF
46
Synovus Financial
Georgia
$10K – – –
QT
47
Quantamental Technologies
New York
$10K +$3.1K +600 +43%
DOA
48
D'Orazio & Associates
Virginia
$9K +$8.6K +1,666 New
Bank of Montreal
49
Bank of Montreal
Ontario, Canada
$8K – – –
SPIA
50
Steward Partners Investment Advisory
New York
$8K – – –
1
2
3 4

PBT Hedge Fund Activity: Q3 2019 in Review

63 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q3 2019, worth a combined $23M — down 16% from $27.2M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of PBT and 9 opened new positions — a net loss of 4 holders — while 13 trimmed existing stakes and 17 added.

The largest buyer was Virtus ETF Advisers, adding an estimated $856K. The largest seller was Renaissance Technologies, exiting entirely with an estimated $563K sold.

  • 63 institutional investors held Permian Basin Royalty Trust (PBT) as of Q3 2019, down from 67 in Q2 2019.
  • Funds reported $23M of Permian Basin Royalty Trust stock for Q3 2019, down 16% quarter-over-quarter.
  • 9 funds opened new Permian Basin Royalty Trust positions in Q3 2019 and 13 closed out, a net change of -4 holders.
  • The largest Permian Basin Royalty Trust buyer in Q3 2019 was Virtus ETF Advisers, an estimated $856K added.
  • The largest Permian Basin Royalty Trust seller in Q3 2019 was Renaissance Technologies, an estimated $563K sold.

Based on aggregated 13F filings for Q3 2019.