Permian Basin Royalty Trust
70 hedge funds and large institutions have $42.8M invested in Permian Basin Royalty Trust in 2017 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 21 reducing their positions, and 6 closing their positions.
279% more call options, than puts
Call options by funds: $795K | Put options by funds: $210K
83% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 6
17% more capital invested
Capital invested by funds: $36.5M → $42.8M (+$6.33M)
6% more funds holding
Funds holding: 66 → 70 (+4)
0.33% less ownership
Funds ownership: 10.15% → 9.82% (-0.33%)
10% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIM
Greenwich Investment Management
Norwalk,
Connecticut
|
+$794K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$413K |
| 3 |
AZA
Arthur Zaske & Associates
Bingham Farms,
Michigan
|
+$294K |
| 4 |
State Street
Boston,
Massachusetts
|
+$258K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$170K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$1.11M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.06M |
| 3 |
FRM
Foundation Resource Management
Little Rock,
Arkansas
|
-$494K |
| 4 |
Two Sigma Investments
New York
|
-$417K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$247K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Group One Trading
Chicago,
Illinois
| – | -$1.36K | -153 | Closed |
|
PBT Hedge Fund Activity: Q1 2017 in Review
70 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q1 2017, worth a combined $42.8M — up 17% from $36.5M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PBT positions and 6 closed out — a net gain of 5 holders — while 19 added to existing stakes and 21 trimmed.
The largest buyer was Greenwich Investment Management, opening a new position worth an estimated $794K. The largest seller was Renaissance Technologies, cutting an estimated $1.11M.
- 70 institutional investors held Permian Basin Royalty Trust (PBT) as of Q1 2017, up from 66 in Q4 2016.
- Funds reported $42.8M of Permian Basin Royalty Trust stock for Q1 2017, up 17% quarter-over-quarter.
- 11 funds opened new Permian Basin Royalty Trust positions in Q1 2017 and 6 closed out, a net change of +5 holders.
- The largest Permian Basin Royalty Trust buyer in Q1 2017 was Greenwich Investment Management, an estimated $794K added.
- The largest Permian Basin Royalty Trust seller in Q1 2017 was Renaissance Technologies, an estimated $1.11M sold.
Based on aggregated 13F filings for Q1 2017.