Permian Basin Royalty Trust
87 hedge funds and large institutions have $65.8M invested in Permian Basin Royalty Trust in 2014 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 24 increasing their positions, 26 reducing their positions, and 18 closing their positions.
3% more ownership
Funds ownership: 11.81% → 14.8% (+3%)
6% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 18
8% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 26
4% less funds holding
Funds holding: 91 → 87 (-4)
12% less capital invested
Capital invested by funds: $74.6M → $65.8M (-$8.79M)
23% less call options, than puts
Call options by funds: $867K | Put options by funds: $1.12M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$7.77M |
| 2 |
APCM
Arbiter Partners Capital Management
New York
|
+$4.1M |
| 3 |
B
Baird
Milwaukee,
Wisconsin
|
+$2.55M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$2.44M |
| 5 |
Renaissance Technologies
New York
|
+$1.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.6M |
| 2 |
NIM
NXG Investment Management
Dallas,
Texas
|
-$2.06M |
| 3 |
SWA
SFMG Wealth Advisors
Plano,
Texas
|
-$437K |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$314K |
| 5 |
US Bancorp
Minneapolis,
Minnesota
|
-$302K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SCP
101
Syntal Capital Partners
Midland,
Texas
| – | -$5K | -375 | Closed |
|
|
MFBTD
102
MB Financial Bank - Trust Department
Rosemont,
Illinois
| – | -$5K | -338 | Closed |
|
|
AA
103
AlphaMark Advisors
Ft. Wright,
Kentucky
| – | -$4K | -272 | Closed |
|
104
Ameriprise
Minneapolis,
Minnesota
| – | -$3K | -250 | Closed |
|
105
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$1K | -100 | Closed |
|
PBT Hedge Fund Activity: Q4 2014 in Review
87 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q4 2014, worth a combined $65.8M — down 12% from $74.6M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of PBT and 17 opened new positions — a net loss of 1 holder — while 26 trimmed existing stakes and 24 added.
The largest buyer was Royce & Associates, opening a new position worth an estimated $7.77M. The largest seller was Royal Bank of Canada, cutting an estimated $2.6M.
- 87 institutional investors held Permian Basin Royalty Trust (PBT) as of Q4 2014, down from 91 in Q3 2014.
- Funds reported $65.8M of Permian Basin Royalty Trust stock for Q4 2014, down 12% quarter-over-quarter.
- 17 funds opened new Permian Basin Royalty Trust positions in Q4 2014 and 18 closed out, a net change of -1 holder.
- The largest Permian Basin Royalty Trust buyer in Q4 2014 was Royce & Associates, an estimated $7.77M added.
- The largest Permian Basin Royalty Trust seller in Q4 2014 was Royal Bank of Canada, an estimated $2.6M sold.
Based on aggregated 13F filings for Q4 2014.