Permian Basin Royalty Trust
62 hedge funds and large institutions have $34.8M invested in Permian Basin Royalty Trust in 2015 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 16 reducing their positions, and 16 closing their positions.
461% more call options, than puts
Call options by funds: $101K | Put options by funds: $18K
13% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 16
0.09% less ownership
Funds ownership: 12.3% → 12.21% (-0.09%)
16% less funds holding
Funds holding: 74 → 62 (-12)
25% less capital invested
Capital invested by funds: $46.2M → $34.8M (-$11.4M)
75% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
APCM
Arbiter Partners Capital Management
New York
|
+$733K |
| 2 |
RA
Royce & Associates
New York
|
+$485K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$253K |
| 4 |
FRM
Foundation Resource Management
Little Rock,
Arkansas
|
+$216K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$110K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$643K |
| 2 |
Two Sigma Investments
New York
|
-$399K |
| 3 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$249K |
| 4 |
Morgan Stanley
New York
|
-$246K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$145K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SC
76
Searle & Co
Greenwich,
Connecticut
| – | -$4K | -600 | Closed |
|
|
WA
77
WFG Advisors
Dallas,
Texas
| – | -$5K | -563 | Closed |
|
|
SSB
78
Sandy Spring Bank
Olney,
Maryland
| – | -$2K | -248 | Closed |
|
79
Simplex Trading
Chicago,
Illinois
| – | +$488 | +70 | New |
|
PBT Hedge Fund Activity: Q3 2015 in Review
62 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q3 2015, worth a combined $34.8M — down 25% from $46.2M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of PBT and 4 opened new positions — a net loss of 12 holders — while 16 trimmed existing stakes and 18 added.
The largest buyer was Arbiter Partners Capital Management, adding an estimated $733K. The largest seller was Deutsche Bank, exiting entirely with an estimated $643K sold.
- 62 institutional investors held Permian Basin Royalty Trust (PBT) as of Q3 2015, down from 74 in Q2 2015.
- Funds reported $34.8M of Permian Basin Royalty Trust stock for Q3 2015, down 25% quarter-over-quarter.
- 4 funds opened new Permian Basin Royalty Trust positions in Q3 2015 and 16 closed out, a net change of -12 holders.
- The largest Permian Basin Royalty Trust buyer in Q3 2015 was Arbiter Partners Capital Management, an estimated $733K added.
- The largest Permian Basin Royalty Trust seller in Q3 2015 was Deutsche Bank, an estimated $643K sold.
Based on aggregated 13F filings for Q3 2015.