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PBT

Permian Basin Royalty Trust
PBT

62 hedge funds and large institutions have $34.8M invested in Permian Basin Royalty Trust in 2015 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 16 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

461% more call options, than puts

Call options by funds: $101K | Put options by funds: $18K

13% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 16

0.09% less ownership

Funds ownership: 12.3% → 12.21% (-0.09%)

16% less funds holding

Funds holding: 74 → 62 (-12)

25% less capital invested

Capital invested by funds: $46.2M → $34.8M (-$11.4M)

75% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 16

Holders
62
Holders Change
-12
Holders Change %
-16.22%
% of All Funds
1.73%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
18
Reduced
16
Closed
16
Calls
$101K
Puts
$18K
Net Calls
+$83K
Net Calls Change
+$178K

Top Buyers

Rank Fund Capital Flow
1
APCM
Arbiter Partners Capital Management
New York
+$733K
2
RA
Royce & Associates
New York
+$485K
3
Bank of America
Bank of America
North Carolina
+$253K
4
FRM
Foundation Resource Management
Arkansas
+$216K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$110K

Top Sellers

Rank Fund Capital Flow
1
Deutsche Bank
Deutsche Bank
Germany
-$643K
2
Two Sigma Investments
Two Sigma Investments
New York
-$399K
3
CIA
Capital Investment Advisors
Georgia
-$249K
4
Morgan Stanley
Morgan Stanley
New York
-$246K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$145K
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC Financial Services Group
51
PNC Financial Services Group
Pennsylvania
$4K +$3.19K +458 +229%
ASN
52
Advisory Services Network
Georgia
$3K – – –
GI
53
Gradient Investments
Minnesota
$3K – – –
M
54
MOTCO
Texas
$3K – – –
USGIU
55
U.S. Global Investors (USGI)
Texas
$3K – – –
AF
56
Allworth Financial
California
$2K – – –
HCP
57
Holt Capital Partners
Texas
$2K – – –
JFGIW
58
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$2K – – –
WEC
59
Winslow Evans & Crocker
Massachusetts
$1.53K – – –
MFS
60
MSI Financial Services
Massachusetts
$1K – – –
VIA
61
Vantage Investment Advisors
Pennsylvania
$1K +$21 +3 +2%
KF
62
Krilogy Financial
Missouri
$1K +$690 +99 New
Deutsche Bank
63
Deutsche Bank
Germany
– -$643K -79,838 Closed
Two Sigma Investments
64
Two Sigma Investments
New York
– -$399K -49,511 Closed
Susquehanna International Group
65
Susquehanna International Group
Pennsylvania
– -$145K -17,948 Closed
BRWM
66
B. Riley Wealth Management
Tennessee
– -$114K -14,250 Closed
Millennium Management
67
Millennium Management
New York
– -$103K -12,795 Closed
SCM
68
Stevens Capital Management
Pennsylvania
– -$98K -12,110 Closed
TYCC
69
Texas Yale Capital Corp
Florida
– -$87K -10,800 Closed
WT
70
Whittier Trust
California
– -$56K -7,000 Closed
TRCT
71
Tower Research Capital (TRC)
New York
– -$12K -1,495 Closed
RIA
72
Regal Investment Advisors
Michigan
– -$11K -1,475 Closed
Manulife (Manufacturers Life Insurance)
73
Manulife (Manufacturers Life Insurance)
Ontario, Canada
– -$10 -1,230 Closed
RAM
74
Riggs Asset Management
Pennsylvania
– -$7K -881 Closed
NSIM
75
North Star Investment Management
Illinois
– -$6K -800 Closed
1 2
3
4

PBT Hedge Fund Activity: Q3 2015 in Review

62 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q3 2015, worth a combined $34.8M — down 25% from $46.2M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of PBT and 4 opened new positions — a net loss of 12 holders — while 16 trimmed existing stakes and 18 added.

The largest buyer was Arbiter Partners Capital Management, adding an estimated $733K. The largest seller was Deutsche Bank, exiting entirely with an estimated $643K sold.

  • 62 institutional investors held Permian Basin Royalty Trust (PBT) as of Q3 2015, down from 74 in Q2 2015.
  • Funds reported $34.8M of Permian Basin Royalty Trust stock for Q3 2015, down 25% quarter-over-quarter.
  • 4 funds opened new Permian Basin Royalty Trust positions in Q3 2015 and 16 closed out, a net change of -12 holders.
  • The largest Permian Basin Royalty Trust buyer in Q3 2015 was Arbiter Partners Capital Management, an estimated $733K added.
  • The largest Permian Basin Royalty Trust seller in Q3 2015 was Deutsche Bank, an estimated $643K sold.

Based on aggregated 13F filings for Q3 2015.