Permian Basin Royalty Trust
63 hedge funds and large institutions have $23M invested in Permian Basin Royalty Trust in 2019 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 13 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 13
0.09% less ownership
Funds ownership: 9.61% → 9.52% (-0.09%)
6% less funds holding
Funds holding: 67 → 63 (-4)
16% less capital invested
Capital invested by funds: $27.2M → $23M (-$4.26M)
31% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VEA
Virtus ETF Advisers
New York
|
+$856K |
| 2 |
WWM
Western Wealth Management
Golden,
Colorado
|
+$312K |
| 3 |
Two Sigma Investments
New York
|
+$226K |
| 4 |
RA
Royce & Associates
New York
|
+$122K |
| 5 |
CCM
Cullen Capital Management
New York
|
+$116K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$563K |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$426K |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$296K |
| 4 |
Two Sigma Advisers
New York
|
-$165K |
| 5 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$161K |
PBT Hedge Fund Activity: Q3 2019 in Review
63 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q3 2019, worth a combined $23M — down 16% from $27.2M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of PBT and 9 opened new positions — a net loss of 4 holders — while 13 trimmed existing stakes and 17 added.
The largest buyer was Virtus ETF Advisers, adding an estimated $856K. The largest seller was Renaissance Technologies, exiting entirely with an estimated $563K sold.
- 63 institutional investors held Permian Basin Royalty Trust (PBT) as of Q3 2019, down from 67 in Q2 2019.
- Funds reported $23M of Permian Basin Royalty Trust stock for Q3 2019, down 16% quarter-over-quarter.
- 9 funds opened new Permian Basin Royalty Trust positions in Q3 2019 and 13 closed out, a net change of -4 holders.
- The largest Permian Basin Royalty Trust buyer in Q3 2019 was Virtus ETF Advisers, an estimated $856K added.
- The largest Permian Basin Royalty Trust seller in Q3 2019 was Renaissance Technologies, an estimated $563K sold.
Based on aggregated 13F filings for Q3 2019.