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PBT

Permian Basin Royalty Trust
PBT

63 hedge funds and large institutions have $39.5M invested in Permian Basin Royalty Trust in 2018 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 14 increasing their positions, 17 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,200% more call options, than puts

Call options by funds: $39K | Put options by funds: $3K

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

7% more funds holding

Funds holding: 59 → 63 (+4)

0.48% less ownership

Funds ownership: 11.11% → 10.63% (-0.48%)

18% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 17

18% less capital invested

Capital invested by funds: $48.3M → $39.5M (-$8.84M)

Holders
63
Holders Change
+4
Holders Change %
+6.78%
% of All Funds
1.44%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
14
Reduced
17
Closed
7
Calls
$39K
Puts
$3K
Net Calls
+$36K
Net Calls Change
-$27K

Top Buyers

Rank Fund Capital Flow
1
KA
Kovack Advisors
Florida
+$271K
2
HH
Hilltop Holdings
Texas
+$258K
3
WA
WBH Advisory
Maryland
+$233K
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$146K
5
AG
Advisor Group
Arizona
+$134K

Top Sellers

Rank Fund Capital Flow
1
Deutsche Bank
Deutsche Bank
Germany
-$829K
2
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$597K
3
Morgan Stanley
Morgan Stanley
New York
-$483K
4
Renaissance Technologies
Renaissance Technologies
New York
-$326K
5
Millennium Management
Millennium Management
New York
-$228K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
51
Bank of Montreal
Ontario, Canada
$12K – – –
IA
52
IFP Advisors
Florida
$12K – – –
Simplex Trading
53
Simplex Trading
Illinois
$9K +$10.6K +1,192 New
RCAG
54
Rehmann Capital Advisory Group
Michigan
$8.24K +$133 +15 +1%
CAG
55
Csenge Advisory Group
Florida
$7K +$9.6K +1,080 New
CAL
56
Capital Analysts LLC
Pennsylvania
$6K -$4K -450 -39%
RFC
57
Regions Financial Corp
Alabama
$5K – – –
NFG
58
Next Financial Group
Texas
$5K +$5.29K +595 New
EWM
59
Edge Wealth Management
New York
$4K – – –
Barclays
60
Barclays
United Kingdom
$3K +$3K +337 New
FHA
61
Flagship Harbor Advisors
Massachusetts
$2K – – –
MRCM
62
M&R Capital Management
New Jersey
$1K +$1.78K +200 New
Millennium Management
63
Millennium Management
New York
– -$228K -24,422 Closed
Two Sigma Investments
64
Two Sigma Investments
New York
– -$176K -18,879 Closed
Wolverine Trading
65
Wolverine Trading
Illinois
– -$102K -10,573 Closed
GT
66
Glenmede Trust
Pennsylvania
– -$47K -5,000 Closed
GBBWRPM
67
Genovese Burford & Brothers Wealth & Retirement Plan Management
California
– -$23K -2,446 Closed
Group One Trading
68
Group One Trading
Illinois
– -$9.22K -1,037 Closed
1 2
3

PBT Hedge Fund Activity: Q3 2018 in Review

63 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q3 2018, worth a combined $39.5M — down 18% from $48.3M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new PBT positions and 7 closed out — a net gain of 5 holders — while 14 added to existing stakes and 17 trimmed.

The largest buyer was Kovack Advisors, opening a new position worth an estimated $271K. The largest seller was Deutsche Bank, cutting an estimated $829K.

  • 63 institutional investors held Permian Basin Royalty Trust (PBT) as of Q3 2018, up from 59 in Q2 2018.
  • Funds reported $39.5M of Permian Basin Royalty Trust stock for Q3 2018, down 18% quarter-over-quarter.
  • 12 funds opened new Permian Basin Royalty Trust positions in Q3 2018 and 7 closed out, a net change of +5 holders.
  • The largest Permian Basin Royalty Trust buyer in Q3 2018 was Kovack Advisors, an estimated $271K added.
  • The largest Permian Basin Royalty Trust seller in Q3 2018 was Deutsche Bank, an estimated $829K sold.

Based on aggregated 13F filings for Q3 2018.