Permian Basin Royalty Trust
86 hedge funds and large institutions have $326M invested in Permian Basin Royalty Trust in 2023 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 31 increasing their positions, 22 reducing their positions, and 8 closing their positions.
50% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 8
41% more call options, than puts
Call options by funds: $2.97M | Put options by funds: $2.1M
41% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 22
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
5% more funds holding
Funds holding: 82 → 86 (+4)
2% more capital invested
Capital invested by funds: $321M → $326M (+$5.39M)
0.18% less ownership
Funds ownership: 28.28% → 28.1% (-0.18%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$1.96M |
| 2 |
AWP
Atlas Wealth Partners
Wyomissing,
Pennsylvania
|
+$1.58M |
| 3 |
AA
Advisory Alpha
Holland,
Michigan
|
+$1.57M |
| 4 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
+$1.51M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EFS
Essex Financial Services
Essex,
Connecticut
|
-$4.3M |
| 2 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$2.67M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.67M |
| 4 |
HKAM
Horizon Kinetics Asset Management
New York
|
-$1.1M |
| 5 |
Group One Trading
Chicago,
Illinois
|
-$1.04M |
PBT Hedge Fund Activity: Q2 2023 in Review
86 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q2 2023, worth a combined $326M — up 1.7% from $321M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new PBT positions and 8 closed out — a net gain of 4 holders — while 31 added to existing stakes and 22 trimmed.
The largest buyer was LPL Financial, adding an estimated $1.96M. The largest seller was Essex Financial Services, cutting an estimated $4.3M.
- 86 institutional investors held Permian Basin Royalty Trust (PBT) as of Q2 2023, up from 82 in Q1 2023.
- Funds reported $326M of Permian Basin Royalty Trust stock for Q2 2023, up 1.7% quarter-over-quarter.
- 12 funds opened new Permian Basin Royalty Trust positions in Q2 2023 and 8 closed out, a net change of +4 holders.
- The largest Permian Basin Royalty Trust buyer in Q2 2023 was LPL Financial, an estimated $1.96M added.
- The largest Permian Basin Royalty Trust seller in Q2 2023 was Essex Financial Services, an estimated $4.3M sold.
Based on aggregated 13F filings for Q2 2023.