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PBT

Permian Basin Royalty Trust

65 hedge funds and large institutions have $26.6M invested in Permian Basin Royalty Trust in 2015 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 10 increasing their positions, 24 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

58% more call options, than puts

Call options by funds: $41K | Put options by funds: $26K

23% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 13

5% more funds holding

Funds holding: 6265 (+3)

0.93% less ownership

Funds ownership: 12.21%11.28% (-0.93%)

23% less capital invested

Capital invested by funds: $34.8M → $26.6M (-$8.16M)

58% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 24

Holders
65
Holders Change
+3
Holders Change %
+4.84%
% of All Funds
1.71%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
16
Increased
10
Reduced
24
Closed
13
Calls
$41K
Puts
$26K
Net Calls
+$15K
Net Calls Change
-$68K
Name Holding Trade Value Shares
Change
Change in
Stake
RA
1
Royce & Associates
New York
$6.11M -$525K -85,000 -7%
FRM
2
Foundation Resource Management
Arkansas
$6.09M -$349K -56,455 -4%
APCM
3
Arbiter Partners Capital Management
New York
$4.89M
Bank of America
4
Bank of America
North Carolina
$1.88M -$870K -140,763 -28%
LCM
5
Lucas Capital Management
New Jersey
$930K +$49 +8 +0%
ANTB
6
AMG National Trust Bank
Colorado
$728K +$182K +29,433 +26%
CIA
7
Capital Investment Advisors
Georgia
$702K -$286K -46,273 -25%
Citadel Advisors
8
Citadel Advisors
Florida
$418K -$53.8K -8,697 -10%
Two Sigma Advisers
9
Two Sigma Advisers
New York
$402K -$43.7K -7,067 -8%
MAA
10
Mraz Amerine & Associates
California
$393K
Morgan Stanley
11
Morgan Stanley
New York
$392K -$216K -34,911 -31%
UBS Group
12
UBS Group
Switzerland
$360K +$55.2K +8,926 +14%
VKH
13
Virtu KCG Holdings
New York
$272K +$332K +53,752 New
BFIM
14
Beese Fulmer Investment Management
Ohio
$250K +$15.5K +2,500 +5%
Deutsche Bank
15
Deutsche Bank
Germany
$241K +$295K +47,750 New
PFS
16
Prospera Financial Services
Texas
$219K -$46.4K -7,500 -15%
Stifel Financial
17
Stifel Financial
Missouri
$218K +$44.2K +7,144 +20%
Wells Fargo
18
Wells Fargo
California
$216K +$22.2K +3,588 +9%
Two Sigma Investments
19
Two Sigma Investments
New York
$170K +$208K +33,687 New
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$133K -$45K -7,274 -22%
MFP
21
Michael F. Price
$121K +$147K +23,841 New
CCM
22
Catawba Capital Management
Virginia
$119K -$66.1K -10,690 -31%
William Blair & Company
23
William Blair & Company
Illinois
$111K -$133K -21,500 -49%
Cambridge Investment Research Advisors
24
Cambridge Investment Research Advisors
Iowa
$106K -$1.16K -187 -0.9%
Millennium Management
25
Millennium Management
New York
$104K +$127K +20,485 New

PBT Hedge Fund Activity: Q4 2015 in Review

65 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q4 2015, worth a combined $26.6M — down 23% from $34.8M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new PBT positions and 13 closed out — a net gain of 3 holders — while 10 added to existing stakes and 24 trimmed.

The largest buyer was Virtu KCG Holdings, opening a new position worth an estimated $332K. The largest seller was Bank of America, cutting an estimated $870K.

  • 65 institutional investors held Permian Basin Royalty Trust (PBT) as of Q4 2015, up from 62 in Q3 2015.
  • Funds reported $26.6M of Permian Basin Royalty Trust stock for Q4 2015, down 23% quarter-over-quarter.
  • 16 funds opened new Permian Basin Royalty Trust positions in Q4 2015 and 13 closed out, a net change of +3 holders.
  • The largest Permian Basin Royalty Trust buyer in Q4 2015 was Virtu KCG Holdings, an estimated $332K added.
  • The largest Permian Basin Royalty Trust seller in Q4 2015 was Bank of America, an estimated $870K sold.

Based on aggregated 13F filings for Q4 2015.