Permian Basin Royalty Trust
PBT
64 hedge funds and large institutions have $39M invested in Permian Basin Royalty Trust in 2016 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 11 closing their positions.
20% more capital invested
Capital invested by funds: $32.4M → $39M (+$6.6M)
2% more funds holding
Funds holding: 63 → 64 (+1)
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
7% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 15
0.13% more ownership
Funds ownership: 11.28% → 11.41% (+0.13%)
5% less call options, than puts
Call options by funds: $59K | Put options by funds: $62K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HK
Horizon Kinetics
New York
|
+$2.18M |
| 2 |
Renaissance Technologies
New York
|
+$511K |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$502K |
| 4 |
LCM
Lucas Capital Management
Red Bank,
New Jersey
|
+$262K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$211K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
APCM
Arbiter Partners Capital Management
New York
|
-$3.05M |
| 2 |
Millennium Management
New York
|
-$275K |
| 3 |
ANTB
AMG National Trust Bank
Greenwood Village,
Colorado
|
-$140K |
| 4 |
AIG
American International Group
New York
|
-$73K |
| 5 |
JP Morgan Chase
New York
|
-$64.3K |
PBT Hedge Fund Activity: Q2 2016 in Review
64 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q2 2016, worth a combined $39M — up 20% from $32.4M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new PBT positions and 11 closed out — a net gain of 1 holder — while 16 added to existing stakes and 15 trimmed.
The largest buyer was Horizon Kinetics, opening a new position worth an estimated $2.18M. The largest seller was Arbiter Partners Capital Management, cutting an estimated $3.05M.
- 64 institutional investors held Permian Basin Royalty Trust (PBT) as of Q2 2016, up from 63 in Q1 2016.
- Funds reported $39M of Permian Basin Royalty Trust stock for Q2 2016, up 20% quarter-over-quarter.
- 12 funds opened new Permian Basin Royalty Trust positions in Q2 2016 and 11 closed out, a net change of +1 holder.
- The largest Permian Basin Royalty Trust buyer in Q2 2016 was Horizon Kinetics, an estimated $2.18M added.
- The largest Permian Basin Royalty Trust seller in Q2 2016 was Arbiter Partners Capital Management, an estimated $3.05M sold.
Based on aggregated 13F filings for Q2 2016.