Permian Basin Royalty Trust
PBT
92 hedge funds and large institutions have $81.5M invested in Permian Basin Royalty Trust in 2014 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 23 increasing their positions, 30 reducing their positions, and 5 closing their positions.
220% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 5
14% more funds holding
Funds holding: 81 → 92 (+11)
4% more capital invested
Capital invested by funds: $78.7M → $81.5M (+$2.76M)
0.53% less ownership
Funds ownership: 12.8% → 12.27% (-0.53%)
12% less call options, than puts
Call options by funds: $635K | Put options by funds: $725K
23% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 30
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
APCM
Arbiter Partners Capital Management
New York
|
+$3.41M |
| 2 |
Two Sigma Investments
New York
|
+$703K |
| 3 |
Two Sigma Advisers
New York
|
+$700K |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$662K |
| 5 |
Renaissance Technologies
New York
|
+$555K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Lucas Capital Management
Red Bank,
New Jersey
|
-$4.51M |
| 2 |
US Bancorp
Minneapolis,
Minnesota
|
-$2.85M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.05M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$988K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$528K |
PBT Hedge Fund Activity: Q2 2014 in Review
92 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q2 2014, worth a combined $81.5M — up 3.5% from $78.7M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new PBT positions and 5 closed out — a net gain of 11 holders — while 23 added to existing stakes and 30 trimmed.
The largest buyer was Arbiter Partners Capital Management, opening a new position worth an estimated $3.41M. The largest seller was Lucas Capital Management, cutting an estimated $4.51M.
- 92 institutional investors held Permian Basin Royalty Trust (PBT) as of Q2 2014, up from 81 in Q1 2014.
- Funds reported $81.5M of Permian Basin Royalty Trust stock for Q2 2014, up 3.5% quarter-over-quarter.
- 16 funds opened new Permian Basin Royalty Trust positions in Q2 2014 and 5 closed out, a net change of +11 holders.
- The largest Permian Basin Royalty Trust buyer in Q2 2014 was Arbiter Partners Capital Management, an estimated $3.41M added.
- The largest Permian Basin Royalty Trust seller in Q2 2014 was Lucas Capital Management, an estimated $4.51M sold.
Based on aggregated 13F filings for Q2 2014.