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PBT

Permian Basin Royalty Trust
PBT

64 hedge funds and large institutions have $39M invested in Permian Basin Royalty Trust in 2016 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more capital invested

Capital invested by funds: $32.4M → $39M (+$6.6M)

2% more funds holding

Funds holding: 63 → 64 (+1)

9% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 11

7% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 15

0.13% more ownership

Funds ownership: 11.28% → 11.41% (+0.13%)

5% less call options, than puts

Call options by funds: $59K | Put options by funds: $62K

Holders
64
Holders Change
+1
Holders Change %
+1.59%
% of All Funds
1.71%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
16
Reduced
15
Closed
11
Calls
$59K
Puts
$62K
Net Calls
-$3K
Net Calls Change
-$54K

Top Buyers

Rank Fund Capital Flow
1
HK
Horizon Kinetics
New York
+$2.18M
2
Renaissance Technologies
Renaissance Technologies
New York
+$511K
3
Deutsche Bank
Deutsche Bank
Germany
+$502K
4
LCM
Lucas Capital Management
New Jersey
+$262K
5
UBS Group
UBS Group
Switzerland
+$211K

Top Sellers

Rank Fund Capital Flow
1
APCM
Arbiter Partners Capital Management
New York
-$3.05M
2
Millennium Management
Millennium Management
New York
-$275K
3
ANTB
AMG National Trust Bank
Colorado
-$140K
4
AIG
American International Group
New York
-$73K
5
JP Morgan Chase
JP Morgan Chase
New York
-$64.3K
Name Holding Trade Value Shares
Change 		Change in
Stake
Group One Trading
51
Group One Trading
Illinois
$11K -$1.36K -200 -12%
Bank of Montreal
52
Bank of Montreal
Ontario, Canada
$11K – – –
MSFP
53
Mark Sheptoff Financial Planning
Connecticut
$11K +$82 +12 +0.8%
WAS
54
WESPAC Advisors SoCal
California
$8.8K +$8.15K +1,200 New
IWMPD
55
Integrated Wealth Management (Palm Desert)
California
$7K -$679 -100 -9%
WT
56
Whittier Trust
California
$7K – – –
BIM
57
BlackRock Investment Management
Delaware
$7K +$6.79K +1,000 New
NFG
58
Next Financial Group
Texas
$4K – – –
GI
59
Gradient Investments
Minnesota
$4K +$3.4K +500 New
Manulife (Manufacturers Life Insurance)
60
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$2K +$2.04K +300 New
WEC
61
Winslow Evans & Crocker
Massachusetts
$1.83K – – –
RFA
62
Reilly Financial Advisors
California
$1K – – –
VIA
63
Vantage Investment Advisors
Pennsylvania
$1K +$7 +1 +0.7%
Millennium Management
64
Millennium Management
New York
– -$275K -44,629 Closed
AIG
65
American International Group
New York
– -$73K -11,790 Closed
Commonwealth Equity Services
66
Commonwealth Equity Services
Massachusetts
– -$62K -10,050 Closed
AWMS
67
Advocacy Wealth Management Services
Georgia
– -$7K -1,175 Closed
AIM
68
Acrospire Investment Management
Illinois
– -$6K -968 Closed
Fifth Third Bancorp
69
Fifth Third Bancorp
Ohio
– -$4K -584 Closed
USGIU
70
U.S. Global Investors (USGI)
Texas
– -$3K -500 Closed
JFGIW
71
Johnson Financial Group Inc (Wisconsin)
Wisconsin
– -$2K -250 Closed
TRCT
72
Tower Research Capital (TRC)
New York
– -$1K -200 Closed
Citigroup
73
Citigroup
New York
– -$1K -100 Closed
PSC
74
Piper Sandler & Co
Minnesota
– +$7 +1 New
1 2
3

PBT Hedge Fund Activity: Q2 2016 in Review

64 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q2 2016, worth a combined $39M — up 20% from $32.4M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new PBT positions and 11 closed out — a net gain of 1 holder — while 16 added to existing stakes and 15 trimmed.

The largest buyer was Horizon Kinetics, opening a new position worth an estimated $2.18M. The largest seller was Arbiter Partners Capital Management, cutting an estimated $3.05M.

  • 64 institutional investors held Permian Basin Royalty Trust (PBT) as of Q2 2016, up from 63 in Q1 2016.
  • Funds reported $39M of Permian Basin Royalty Trust stock for Q2 2016, up 20% quarter-over-quarter.
  • 12 funds opened new Permian Basin Royalty Trust positions in Q2 2016 and 11 closed out, a net change of +1 holder.
  • The largest Permian Basin Royalty Trust buyer in Q2 2016 was Horizon Kinetics, an estimated $2.18M added.
  • The largest Permian Basin Royalty Trust seller in Q2 2016 was Arbiter Partners Capital Management, an estimated $3.05M sold.

Based on aggregated 13F filings for Q2 2016.