Permian Basin Royalty Trust
83 hedge funds and large institutions have $51M invested in Permian Basin Royalty Trust in 2015 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 26 increasing their positions, 24 reducing their positions, and 14 closing their positions.
8% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 24
1.45% less ownership
Funds ownership: 14.8% → 13.35% (-1.5%)
5% less funds holding
Funds holding: 87 → 83 (-4)
21% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 14
23% less capital invested
Capital invested by funds: $65.9M → $51M (-$14.9M)
41% less call options, than puts
Call options by funds: $307K | Put options by funds: $521K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$4.88M |
| 2 |
ANTB
AMG National Trust Bank
Greenwood Village,
Colorado
|
+$322K |
| 3 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$245K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$225K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$137K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MGAM
McGowan Group Asset Management
Dallas,
Texas
|
-$3.16M |
| 2 |
Two Sigma Investments
New York
|
-$1.24M |
| 3 |
B
Baird
Milwaukee,
Wisconsin
|
-$1.07M |
| 4 |
Two Sigma Advisers
New York
|
-$1.04M |
| 5 |
Millennium Management
New York
|
-$818K |
PBT Hedge Fund Activity: Q1 2015 in Review
83 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q1 2015, worth a combined $51M — down 23% from $65.9M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of PBT and 11 opened new positions — a net loss of 3 holders — while 24 trimmed existing stakes and 26 added.
The largest buyer was Royce & Associates, adding an estimated $4.88M. The largest seller was McGowan Group Asset Management, exiting entirely with an estimated $3.16M sold.
- 83 institutional investors held Permian Basin Royalty Trust (PBT) as of Q1 2015, down from 87 in Q4 2014.
- Funds reported $51M of Permian Basin Royalty Trust stock for Q1 2015, down 23% quarter-over-quarter.
- 11 funds opened new Permian Basin Royalty Trust positions in Q1 2015 and 14 closed out, a net change of -3 holders.
- The largest Permian Basin Royalty Trust buyer in Q1 2015 was Royce & Associates, an estimated $4.88M added.
- The largest Permian Basin Royalty Trust seller in Q1 2015 was McGowan Group Asset Management, an estimated $3.16M sold.
Based on aggregated 13F filings for Q1 2015.