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PBT

Permian Basin Royalty Trust
PBT

103 hedge funds and large institutions have $346M invested in Permian Basin Royalty Trust in 2025 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 30 increasing their positions, 19 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

114% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 7

58% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 19

8% more funds holding

Funds holding: 95 → 103 (+8)

1.79% more ownership

Funds ownership: 41.94% → 43.73% (+1.8%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

3% less capital invested

Capital invested by funds: $357M → $346M (-$10.5M)

91% less call options, than puts

Call options by funds: $1.55M | Put options by funds: $17.1M

Holders
103
Holders Change
+8
Holders Change %
+8.42%
% of All Funds
1.25%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
15
Increased
30
Reduced
19
Closed
7
Calls
$1.55M
Puts
$17.1M
Net Calls
-$15.6M
Net Calls Change
+$7.65M

Top Buyers

1
SEI Investments
SEI Investments
Pennsylvania
+$3.5M
2
Jane Street
Jane Street
New York
+$1.9M
3
HKAM
Horizon Kinetics Asset Management
New York
+$1.59M
4
Morgan Stanley
Morgan Stanley
New York
+$1.41M
5
HF
HRT Financial
New York
+$1.31M

Top Sellers

1
UBS Group
UBS Group
Switzerland
-$1.76M
2
Bessemer Group
Bessemer Group
New Jersey
-$1.75M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$560K
4
KI
Kapitalo Investimentos
Brazil
-$560K
5
SIC
Schwartz Investment Counsel
Michigan
-$313K
Name Holding Trade Value Shares
Change 		Change in
Stake
PA
26
Promethium Advisors
Maryland
$1.16M -$1.79K -100 -0.1%
Pathstone Holdings
27
Pathstone Holdings
New Jersey
$1.07M – – –
EFS
28
Essex Financial Services
Connecticut
$1M +$54 +3 +0%
Bank of America
29
Bank of America
North Carolina
$1M +$505K +28,201 +91%
Simplex Trading
30
Simplex Trading
Illinois
$1M +$235K +13,109 +29%
CAL
31
Capital Analysts LLC
Pennsylvania
$977K +$56.8K +3,170 +6%
MWM
32
MOR Wealth Management
Pennsylvania
$892K +$941K +52,534 New
UBS Group
33
UBS Group
Switzerland
$838K -$1.76M -98,208 -67%
FCG
34
Fielder Capital Group
Tennessee
$819K – – –
AWM
35
Avondale Wealth Management
Texas
$777K +$560K +31,250 +216%
BPA
36
Beacon Pointe Advisors
California
$765K – – –
SOW
37
State of Wyoming
Wyoming
$751K +$204K +11,383 +35%
Corient Private Wealth
38
Corient Private Wealth
Florida
$641K +$339K +18,942 +101%
ECM
39
EagleClaw Capital Management
Massachusetts
$572K – – –
BFS
40
Bradley Foster & Sargent
Connecticut
$562K -$71.9K -4,015 -11%
SPIA
41
Steward Partners Investment Advisory
New York
$547K – – –
BFIM
42
Beese Fulmer Investment Management
Ohio
$542K – – –
CAPTRUST Financial Advisors
43
CAPTRUST Financial Advisors
North Carolina
$502K -$2.51K -140 -0.5%
FIM
44
Fruth Investment Management
Texas
$430K – – –
FSA
45
Financial Sense Advisors
California
$425K – – –
FM
46
Family Management
New York
$369K +$125K +7,001 +47%
BTI
47
Blue Trust Inc
Georgia
$347K -$8.96K -500 -2%
RFA
48
Resurgent Financial Advisors
Georgia
$340K – – –
Ameriprise
49
Ameriprise
Minnesota
$334K -$10.6K -593 -3%
SWP
50
Stratos Wealth Partners
Ohio
$331K +$914 +51 +0.3%
1
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PBT Hedge Fund Activity: Q4 2025 in Review

103 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q4 2025, worth a combined $346M — down 3% from $357M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new PBT positions and 7 closed out — a net gain of 8 holders — while 30 added to existing stakes and 19 trimmed.

The largest buyer was SEI Investments, opening a new position worth an estimated $3.5M. The largest seller was UBS Group, cutting an estimated $1.76M.

  • 103 institutional investors held Permian Basin Royalty Trust (PBT) as of Q4 2025, up from 95 in Q3 2025.
  • Funds reported $346M of Permian Basin Royalty Trust stock for Q4 2025, down 3% quarter-over-quarter.
  • 15 funds opened new Permian Basin Royalty Trust positions in Q4 2025 and 7 closed out, a net change of +8 holders.
  • The largest Permian Basin Royalty Trust buyer in Q4 2025 was SEI Investments, an estimated $3.5M added.
  • The largest Permian Basin Royalty Trust seller in Q4 2025 was UBS Group, an estimated $1.76M sold.

Based on aggregated 13F filings for Q4 2025.