Permian Basin Royalty Trust
81 hedge funds and large institutions have $157M invested in Permian Basin Royalty Trust in 2024 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 17 increasing their positions, 33 reducing their positions, and 9 closing their positions.
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
3% more funds holding
Funds holding: 79 → 81 (+2)
1.68% less ownership
Funds ownership: 29.57% → 27.89% (-1.7%)
18% less capital invested
Capital invested by funds: $193M → $157M (-$35.4M)
48% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 33
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
54% less call options, than puts
Call options by funds: $1.47M | Put options by funds: $3.22M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIC
Schwartz Investment Counsel
Plymouth,
Michigan
|
+$2.42M |
| 2 |
SA
SoftVest Advisors
Abilene,
Texas
|
+$2.04M |
| 3 |
MC
Moors & Cabot
Boston,
Massachusetts
|
+$1.42M |
| 4 |
CAL
Capital Analysts LLC
Fort Washington,
Pennsylvania
|
+$387K |
| 5 |
VF
Virtu Financial
New York
|
+$344K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$6.52M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$2.2M |
| 3 |
LPL Financial
San Diego,
California
|
-$1.55M |
| 4 |
Group One Trading
Chicago,
Illinois
|
-$1.11M |
| 5 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
-$1.08M |
PBT Hedge Fund Activity: Q1 2024 in Review
81 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q1 2024, worth a combined $157M — down 18% from $193M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PBT positions and 9 closed out — a net gain of 2 holders — while 17 added to existing stakes and 33 trimmed.
The largest buyer was Schwartz Investment Counsel, adding an estimated $2.42M. The largest seller was Morgan Stanley, cutting an estimated $6.52M.
- 81 institutional investors held Permian Basin Royalty Trust (PBT) as of Q1 2024, up from 79 in Q4 2023.
- Funds reported $157M of Permian Basin Royalty Trust stock for Q1 2024, down 18% quarter-over-quarter.
- 11 funds opened new Permian Basin Royalty Trust positions in Q1 2024 and 9 closed out, a net change of +2 holders.
- The largest Permian Basin Royalty Trust buyer in Q1 2024 was Schwartz Investment Counsel, an estimated $2.42M added.
- The largest Permian Basin Royalty Trust seller in Q1 2024 was Morgan Stanley, an estimated $6.52M sold.
Based on aggregated 13F filings for Q1 2024.