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PBT

Permian Basin Royalty Trust
PBT

70 hedge funds and large institutions have $81.2M invested in Permian Basin Royalty Trust in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 24 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% more capital invested

Capital invested by funds: $75.6M → $81.2M (+$5.58M)

1% more call options, than puts

Call options by funds: $1.5M | Put options by funds: $1.48M

0.02% more ownership

Funds ownership: 12.2% → 12.22% (+0.02%)

4% less funds holding

Funds holding: 73 → 70 (-3)

27% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 11

38% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 24

Holders
70
Holders Change
-3
Holders Change %
-4.11%
% of All Funds
2.27%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
8
Increased
15
Reduced
24
Closed
11
Calls
$1.5M
Puts
$1.48M
Net Calls
+$18K
Net Calls Change
+$1.87M

Top Buyers

Rank Fund Capital Flow
1
FRM
Foundation Resource Management
Arkansas
+$2.48M
2
LCM
Lucas Capital Management
New Jersey
+$2.35M
3
Barclays
Barclays
United Kingdom
+$1.16M
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$923K
5
Citadel Advisors
Citadel Advisors
Florida
+$507K

Top Sellers

Rank Fund Capital Flow
1
Renaissance Technologies
Renaissance Technologies
New York
-$1.74M
2
IWC
Integrated Wealth Counsel
California
-$1.5M
3
U
UBS
Switzerland
-$998K
4
GAM
Gotham Asset Management
New York
-$901K
5
ANTB
AMG National Trust Bank
Colorado
-$659K
Name Holding Trade Value Shares
Change 		Change in
Stake
HCC
51
Hirtle Callaghan & Co
Pennsylvania
$29K +$27.1K +2,000 New
ECM
52
Estabrook Capital Management
New York
$28.5K – – –
IWC
53
Integrated Wealth Counsel
California
$25.3K -$1.5M -111,061 -98%
Bank of Montreal
54
Bank of Montreal
Ontario, Canada
$21K – – –
US Bancorp
55
US Bancorp
Minnesota
$19K – – –
M
56
MOTCO
Texas
$18K – – –
NES
57
New England Securities
New York
$15K – – –
AIG
58
American International Group
New York
$14.5K -$10.5K -775 -43%
HCM
59
Horrell Capital Management
Arkansas
$14K – – –
AWMS
60
Advocacy Wealth Management Services
Georgia
$13K – – –
Northwestern Mutual Wealth Management
61
Northwestern Mutual Wealth Management
Wisconsin
$10K +$7K +517 +283%
GGPS
62
Gary Goldberg Planning Services
New York
$6K – – –
MA
63
MUFG Americas
New York
$6K – – –
OSNBOA
64
Old Second National Bank of Aurora
Illinois
$6K +$5.41K +400 New
AA
65
AlphaMark Advisors
Kentucky
$4K – – –
Fifth Third Bancorp
66
Fifth Third Bancorp
Ohio
$4K +$3.52K +260 New
CFS
67
Community Financial System
New York
$3K – – –
PTC
68
Private Trust Company
Ohio
$3K – – –
MFS
69
MSI Financial Services
Massachusetts
$1K +$1.35K +100 New
GAM
70
Gotham Asset Management
New York
– -$901K -67,777 Closed
Millennium Management
71
Millennium Management
New York
– -$528K -39,697 Closed
Jane Street
72
Jane Street
New York
– -$216K -16,272 Closed
ST
73
Spot Trading
Illinois
– -$205K -15,461 Closed
Bank of New York Mellon
74
Bank of New York Mellon
New York
– -$197K -14,852 Closed
STMM
75
South Texas Money Management
Texas
– -$186K -14,013 Closed
1 2
3
4

PBT Hedge Fund Activity: Q3 2013 in Review

70 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q3 2013, worth a combined $81.2M — up 7.4% from $75.6M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of PBT and 8 opened new positions — a net loss of 3 holders — while 24 trimmed existing stakes and 15 added.

The largest buyer was Foundation Resource Management, adding an estimated $2.48M. The largest seller was Renaissance Technologies, cutting an estimated $1.74M.

  • 70 institutional investors held Permian Basin Royalty Trust (PBT) as of Q3 2013, down from 73 in Q2 2013.
  • Funds reported $81.2M of Permian Basin Royalty Trust stock for Q3 2013, up 7.4% quarter-over-quarter.
  • 8 funds opened new Permian Basin Royalty Trust positions in Q3 2013 and 11 closed out, a net change of -3 holders.
  • The largest Permian Basin Royalty Trust buyer in Q3 2013 was Foundation Resource Management, an estimated $2.48M added.
  • The largest Permian Basin Royalty Trust seller in Q3 2013 was Renaissance Technologies, an estimated $1.74M sold.

Based on aggregated 13F filings for Q3 2013.