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PBT

Permian Basin Royalty Trust
PBT

66 hedge funds and large institutions have $16.5M invested in Permian Basin Royalty Trust in 2019 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 19 increasing their positions, 15 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 11

27% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 15

5% more funds holding

Funds holding: 63 → 66 (+3)

0.37% less ownership

Funds ownership: 9.52% → 9.15% (-0.37%)

28% less capital invested

Capital invested by funds: $23M → $16.5M (-$6.53M)

Holders
66
Holders Change
+3
Holders Change %
+4.76%
% of All Funds
1.3%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
19
Reduced
15
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$1.22M
2
VEA
Virtus ETF Advisers
New York
+$1.01M
3
OMC
Old Mission Capital
Illinois
+$485K
4
Two Sigma Investments
Two Sigma Investments
New York
+$428K
5
Goldman Sachs
Goldman Sachs
New York
+$215K

Top Sellers

Rank Fund Capital Flow
1
RA
Royce & Associates
New York
-$4.63M
2
FRM
Foundation Resource Management
Arkansas
-$821K
3
WWM
Western Wealth Management
Colorado
-$313K
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$247K
5
AG
Advisor Group
Arizona
-$202K
Name Holding Trade Value Shares
Change 		Change in
Stake
Millennium Management
26
Millennium Management
New York
$98K +$102K +25,290 New
KA
27
Kovack Advisors
Florida
$94K +$17.1K +4,250 +21%
FIM
28
Fruth Investment Management
Texas
$79K – – –
LTFS
29
Ladenburg Thalmann Financial Services
Florida
$72K -$97 -24 -0.1%
Creative Planning
30
Creative Planning
Kansas
$59K -$4.03K -1,000 -6%
Cambridge Investment Research Advisors
31
Cambridge Investment Research Advisors
Iowa
$58K -$4.19K -1,041 -7%
PNC Financial Services Group
32
PNC Financial Services Group
Pennsylvania
$53K -$5.7K -1,416 -9%
MFP
33
Michael F. Price
$53K – – –
UBS Group
34
UBS Group
Switzerland
$51K +$6.04K +1,500 +13%
TRCT
35
Tower Research Capital (TRC)
New York
$51K +$52K +12,901 +3,036%
Deutsche Bank
36
Deutsche Bank
Germany
$50K +$12.3K +3,045 +31%
Renaissance Technologies
37
Renaissance Technologies
New York
$50K +$52.4K +13,009 New
SCCM
38
Schafer Cullen Capital Management
New York
$46K +$48K +11,922 New
RJFSA
39
Raymond James Financial Services Advisors
Florida
$45K +$4.42K +1,097 +10%
Wells Fargo
40
Wells Fargo
California
$39K -$4.7K -1,166 -10%
SS
41
Sunbelt Securities
Texas
$39K +$16 +4 +0%
Marshall Wace
42
Marshall Wace
United Kingdom
$34K +$35.9K +8,922 New
SSB
43
Sandy Spring Bank
Maryland
$25K – – –
CFB
44
Cullen/Frost Bankers
Texas
$21K – – –
GT
45
Glenmede Trust
Pennsylvania
$19K – – –
TPWA
46
TRUE Private Wealth Advisors
Oregon
$16K +$17.5K +4,347 New
AG
47
Advisor Group
Arizona
$15K -$202K -50,226 -93%
CFA
48
Carroll Financial Associates
North Carolina
$13K +$358 +89 +3%
Royal Bank of Canada
49
Royal Bank of Canada
Ontario, Canada
$11K -$8.64K -2,145 -42%
OAM
50
Oppenheimer Asset Management
New York
$9K -$910 -226 -9%
1
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PBT Hedge Fund Activity: Q4 2019 in Review

66 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q4 2019, worth a combined $16.5M — down 28% from $23M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new PBT positions and 11 closed out — a net gain of 4 holders — while 19 added to existing stakes and 15 trimmed.

The largest buyer was Jane Street, opening a new position worth an estimated $1.22M. The largest seller was Royce & Associates, exiting entirely with an estimated $4.63M sold.

  • 66 institutional investors held Permian Basin Royalty Trust (PBT) as of Q4 2019, up from 63 in Q3 2019.
  • Funds reported $16.5M of Permian Basin Royalty Trust stock for Q4 2019, down 28% quarter-over-quarter.
  • 15 funds opened new Permian Basin Royalty Trust positions in Q4 2019 and 11 closed out, a net change of +4 holders.
  • The largest Permian Basin Royalty Trust buyer in Q4 2019 was Jane Street, an estimated $1.22M added.
  • The largest Permian Basin Royalty Trust seller in Q4 2019 was Royce & Associates, an estimated $4.63M sold.

Based on aggregated 13F filings for Q4 2019.