Permian Basin Royalty Trust
91 hedge funds and large institutions have $74.6M invested in Permian Basin Royalty Trust in 2014 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 25 increasing their positions, 25 reducing their positions, and 14 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 25
0.47% less ownership
Funds ownership: 12.27% → 11.81% (-0.47%)
1% less call options, than puts
Call options by funds: $958K | Put options by funds: $972K
7% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 14
1% less funds holding
Funds holding: 92 → 91 (-1)
8% less capital invested
Capital invested by funds: $81.5M → $74.6M (-$6.88M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NIM
NXG Investment Management
Dallas,
Texas
|
+$3.51M |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$442K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$394K |
| 4 |
Morgan Stanley
New York
|
+$376K |
| 5 |
FIM
Fruth Investment Management
Houston,
Texas
|
+$345K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.53M |
| 2 |
LCM
Lucas Capital Management
Red Bank,
New Jersey
|
-$1.35M |
| 3 |
Renaissance Technologies
New York
|
-$1.15M |
| 4 |
Northern Trust
Chicago,
Illinois
|
-$752K |
| 5 |
ANTB
AMG National Trust Bank
Greenwood Village,
Colorado
|
-$639K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NES
101
New England Securities
New York
| – | -$15K | -1,038 | Closed |
|
102
Parallax Volatility Advisers
San Francisco,
California
| – | -$10K | -734 | Closed |
|
|
CTC
103
Central Trust Company
Jefferson City,
Missouri
| – | -$7K | -500 | Closed |
|
|
FWM
104
Focused Wealth Management
Newburgh,
New York
| – | -$4K | -250 | Closed |
|
|
TRCT
105
Tower Research Capital (TRC)
New York
| – | -$3K | -200 | Closed |
|
PBT Hedge Fund Activity: Q3 2014 in Review
91 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q3 2014, worth a combined $74.6M — down 8.4% from $81.5M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of PBT and 13 opened new positions — a net loss of 1 holder — while 25 trimmed existing stakes and 25 added.
The largest buyer was NXG Investment Management, adding an estimated $3.51M. The largest seller was Bank of America, cutting an estimated $2.53M.
- 91 institutional investors held Permian Basin Royalty Trust (PBT) as of Q3 2014, down from 92 in Q2 2014.
- Funds reported $74.6M of Permian Basin Royalty Trust stock for Q3 2014, down 8.4% quarter-over-quarter.
- 13 funds opened new Permian Basin Royalty Trust positions in Q3 2014 and 14 closed out, a net change of -1 holder.
- The largest Permian Basin Royalty Trust buyer in Q3 2014 was NXG Investment Management, an estimated $3.51M added.
- The largest Permian Basin Royalty Trust seller in Q3 2014 was Bank of America, an estimated $2.53M sold.
Based on aggregated 13F filings for Q3 2014.