Permian Basin Royalty Trust
70 hedge funds and large institutions have $81.2M invested in Permian Basin Royalty Trust in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 24 reducing their positions, and 11 closing their positions.
7% more capital invested
Capital invested by funds: $75.6M → $81.2M (+$5.58M)
1% more call options, than puts
Call options by funds: $1.5M | Put options by funds: $1.48M
0.02% more ownership
Funds ownership: 12.2% → 12.22% (+0.02%)
4% less funds holding
Funds holding: 73 → 70 (-3)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
38% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FRM
Foundation Resource Management
Little Rock,
Arkansas
|
+$2.48M |
| 2 |
LCM
Lucas Capital Management
Red Bank,
New Jersey
|
+$2.35M |
| 3 |
Barclays
London,
United Kingdom
|
+$1.16M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$923K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$507K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$1.74M |
| 2 |
IWC
Integrated Wealth Counsel
Carmel,
California
|
-$1.5M |
| 3 |
U
UBS
Zurich,
Switzerland
|
-$998K |
| 4 |
GAM
Gotham Asset Management
New York
|
-$901K |
| 5 |
ANTB
AMG National Trust Bank
Greenwood Village,
Colorado
|
-$659K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SGAM
76
Steinberg Global Asset Management
Boca Raton,
Florida
| – | -$146K | -11,017 | Closed |
|
77
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$26K | -2,000 | Closed |
|
78
Creative Planning
Overland Park,
Kansas
| – | -$17K | -1,250 | Closed |
|
79
Invesco
Atlanta,
Georgia
| – | -$7K | -510 | Closed |
|
|
TRCT
80
Tower Research Capital (TRC)
New York
| – | -$3K | -252 | Closed |
|
PBT Hedge Fund Activity: Q3 2013 in Review
70 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q3 2013, worth a combined $81.2M — up 7.4% from $75.6M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of PBT and 8 opened new positions — a net loss of 3 holders — while 24 trimmed existing stakes and 15 added.
The largest buyer was Foundation Resource Management, adding an estimated $2.48M. The largest seller was Renaissance Technologies, cutting an estimated $1.74M.
- 70 institutional investors held Permian Basin Royalty Trust (PBT) as of Q3 2013, down from 73 in Q2 2013.
- Funds reported $81.2M of Permian Basin Royalty Trust stock for Q3 2013, up 7.4% quarter-over-quarter.
- 8 funds opened new Permian Basin Royalty Trust positions in Q3 2013 and 11 closed out, a net change of -3 holders.
- The largest Permian Basin Royalty Trust buyer in Q3 2013 was Foundation Resource Management, an estimated $2.48M added.
- The largest Permian Basin Royalty Trust seller in Q3 2013 was Renaissance Technologies, an estimated $1.74M sold.
Based on aggregated 13F filings for Q3 2013.