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PBT

Permian Basin Royalty Trust
PBT

87 hedge funds and large institutions have $160M invested in Permian Basin Royalty Trust in 2024 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 29 increasing their positions, 22 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 9

32% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 22

8% more capital invested

Capital invested by funds: $147M → $160M (+$12.4M)

7% more funds holding

Funds holding: 81 → 87 (+6)

0.75% more ownership

Funds ownership: 28.08% → 28.83% (+0.75%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

42% less call options, than puts

Call options by funds: $2.9M | Put options by funds: $4.96M

Holders
87
Holders Change
+6
Holders Change %
+7.41%
% of All Funds
1.25%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
16
Increased
29
Reduced
22
Closed
9
Calls
$2.9M
Puts
$4.96M
Net Calls
-$2.06M
Net Calls Change
-$3.49M

Top Buyers

Rank Fund Capital Flow
1
SIC
Schwartz Investment Counsel
Michigan
+$2.95M
2
MC
Moors & Cabot
Massachusetts
+$844K
3
IAA
Independent Advisor Alliance
North Carolina
+$792K
4
AWP
Atlas Wealth Partners
Pennsylvania
+$715K
5
SA
SoftVest Advisors
Texas
+$579K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$1.86M
2
Morgan Stanley
Morgan Stanley
New York
-$844K
3
Citadel Advisors
Citadel Advisors
Florida
-$613K
4
LPL Financial
LPL Financial
California
-$460K
5
LIM
Lagoda Investment Management
New York
-$288K
Name Holding Trade Value Shares
Change 		Change in
Stake
JCP
51
Jennifer C. Price
$165K – – –
WA
52
Waverly Advisors
Alabama
$150K -$11.3K -1,002 -7%
FFB
53
First Financial Bankshares
Texas
$143K – – –
WG
54
Welch Group
Alabama
$128K – – –
Ameriprise
55
Ameriprise
Minnesota
$120K +$113K +10,065 New
AWM
56
Avondale Wealth Management
Texas
$113K +$107K +9,500 New
Russell Investments Group
57
Russell Investments Group
United Kingdom
$112K +$3.38K +300 +3%
Royal Bank of Canada
58
Royal Bank of Canada
Ontario, Canada
$112K -$11.4K -1,014 -10%
FCM
59
Fourpath Capital Management
Oklahoma
$110K +$104K +9,271 New
AIM
60
Access Investment Management
Georgia
$96.9K +$91.8K +8,164 New
PI
61
PEAK6 Investments
Illinois
$83.3K +$78.8K +7,006 New
SSB
62
Sandy Spring Bank
Maryland
$80.6K +$382 +34 +0.5%
PNC Financial Services Group
63
PNC Financial Services Group
Pennsylvania
$70.3K – – –
VWM
64
Venturi Wealth Management
Texas
$66.4K – – –
Osaic Holdings
65
Osaic Holdings
Arizona
$38.5K -$33.7K -2,998 -48%
JP Morgan Chase
66
JP Morgan Chase
New York
$30.1K +$7.11K +632 +33%
LAM
67
Lummis Asset Management
Texas
$22K – – –
NA
68
NewEdge Advisors
Louisiana
$20.2K +$202 +18 +1%
SWM
69
Sugarloaf Wealth Management
Georgia
$12.5K – – –
MCM
70
Manchester Capital Management
Vermont
$8.92K – – –
SWM
71
Spire Wealth Management
Virginia
$8.9K – – –
HI
72
Harbour Investments
Wisconsin
$8.73K +$4.89K +435 +145%
TRCT
73
Tower Research Capital (TRC)
New York
$7.3K -$6.32K -562 -48%
Comerica Bank
74
Comerica Bank
Texas
$5.96K – – –
BF
75
BOK Financial
Oklahoma
$5.54K +$5.2K +462 New
1 2
3
4

PBT Hedge Fund Activity: Q3 2024 in Review

87 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q3 2024, worth a combined $160M — up 8.4% from $147M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new PBT positions and 9 closed out — a net gain of 7 holders — while 29 added to existing stakes and 22 trimmed.

The largest buyer was Schwartz Investment Counsel, adding an estimated $2.95M. The largest seller was UBS Group, cutting an estimated $1.86M.

  • 87 institutional investors held Permian Basin Royalty Trust (PBT) as of Q3 2024, up from 81 in Q2 2024.
  • Funds reported $160M of Permian Basin Royalty Trust stock for Q3 2024, up 8.4% quarter-over-quarter.
  • 16 funds opened new Permian Basin Royalty Trust positions in Q3 2024 and 9 closed out, a net change of +7 holders.
  • The largest Permian Basin Royalty Trust buyer in Q3 2024 was Schwartz Investment Counsel, an estimated $2.95M added.
  • The largest Permian Basin Royalty Trust seller in Q3 2024 was UBS Group, an estimated $1.86M sold.

Based on aggregated 13F filings for Q3 2024.