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PBT

Permian Basin Royalty Trust
PBT

103 hedge funds and large institutions have $346M invested in Permian Basin Royalty Trust in 2025 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 30 increasing their positions, 19 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

114% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 7

58% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 19

8% more funds holding

Funds holding: 95 → 103 (+8)

1.79% more ownership

Funds ownership: 41.94% → 43.73% (+1.8%)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

3% less capital invested

Capital invested by funds: $357M → $346M (-$10.5M)

91% less call options, than puts

Call options by funds: $1.55M | Put options by funds: $17.1M

Holders
103
Holders Change
+8
Holders Change %
+8.42%
% of All Funds
1.25%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.04%
New
15
Increased
30
Reduced
19
Closed
7
Calls
$1.55M
Puts
$17.1M
Net Calls
-$15.6M
Net Calls Change
+$7.65M

Top Buyers

1
SEI Investments
SEI Investments
Pennsylvania
+$3.5M
2
Jane Street
Jane Street
New York
+$1.9M
3
HKAM
Horizon Kinetics Asset Management
New York
+$1.59M
4
Morgan Stanley
Morgan Stanley
New York
+$1.41M
5
HF
HRT Financial
New York
+$1.31M

Top Sellers

1
UBS Group
UBS Group
Switzerland
-$1.76M
2
Bessemer Group
Bessemer Group
New Jersey
-$1.75M
3
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$560K
4
KI
Kapitalo Investimentos
Brazil
-$560K
5
SIC
Schwartz Investment Counsel
Michigan
-$313K
Name Holding Trade Value Shares
Change 		Change in
Stake
CIA
51
Capital Investment Advisors
Georgia
$311K +$54 +3 +0%
ISL
52
Ingalls & Snyder LLC
New York
$310K -$35.8K -2,000 -10%
State Street
53
State Street
Massachusetts
$305K -$2.35K -131 -0.7%
WG
54
Welch Group
Alabama
$302K – – –
SCM
55
SCS Capital Management
Massachusetts
$294K – – –
Creative Planning
56
Creative Planning
Kansas
$241K -$46K -2,570 -15%
Wealth Enhancement Advisory Services
57
Wealth Enhancement Advisory Services
Minnesota
$235K +$3.26K +182 +1%
XT
58
XTX Topco
Cayman Islands
$230K +$243K +13,541 New
IF
59
Ironwood Financial
Arizona
$217K – – –
WA
60
Waverly Advisors
Alabama
$215K – – –
KWA
61
Kingswood Wealth Advisors
California
$211K +$223K +12,439 New
Walleye Capital
62
Walleye Capital
New York
$211K +$222K +12,415 New
FFB
63
First Financial Bankshares
Texas
$204K – – –
CAM
64
Clark Asset Management
New Hampshire
$170K – – –
Royal Bank of Canada
65
Royal Bank of Canada
Ontario, Canada
$166K +$10K +558 +6%
Russell Investments Group
66
Russell Investments Group
United Kingdom
$159K – – –
AUB
67
Atlantic Union Bankshares
Virginia
$129K +$161 +9 +0.1%
PNC Financial Services Group
68
PNC Financial Services Group
Pennsylvania
$100K – – –
AIM
69
Access Investment Management
Georgia
$73K – – –
NA
70
NewEdge Advisors
Louisiana
$47.4K -$17.4K -972 -26%
GSWM
71
Golden State Wealth Management
California
$41.5K – – –
TRCT
72
Tower Research Capital (TRC)
New York
$36.1K +$6K +335 +19%
Osaic Holdings
73
Osaic Holdings
Arizona
$34.3K -$9.15K -511 -20%
PWPS
74
Pinnacle Wealth Planning Services
Ohio
$33.1K +$35K +1,953 New
LAM
75
Lummis Asset Management
Texas
$31.4K – – –
1 2
3
4 5

PBT Hedge Fund Activity: Q4 2025 in Review

103 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q4 2025, worth a combined $346M — down 3% from $357M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new PBT positions and 7 closed out — a net gain of 8 holders — while 30 added to existing stakes and 19 trimmed.

The largest buyer was SEI Investments, opening a new position worth an estimated $3.5M. The largest seller was UBS Group, cutting an estimated $1.76M.

  • 103 institutional investors held Permian Basin Royalty Trust (PBT) as of Q4 2025, up from 95 in Q3 2025.
  • Funds reported $346M of Permian Basin Royalty Trust stock for Q4 2025, down 3% quarter-over-quarter.
  • 15 funds opened new Permian Basin Royalty Trust positions in Q4 2025 and 7 closed out, a net change of +8 holders.
  • The largest Permian Basin Royalty Trust buyer in Q4 2025 was SEI Investments, an estimated $3.5M added.
  • The largest Permian Basin Royalty Trust seller in Q4 2025 was UBS Group, an estimated $1.76M sold.

Based on aggregated 13F filings for Q4 2025.