We are live on ! Find out more
PBT

Permian Basin Royalty Trust
PBT

66 hedge funds and large institutions have $16.5M invested in Permian Basin Royalty Trust in 2019 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 19 increasing their positions, 15 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 11

27% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 15

5% more funds holding

Funds holding: 63 → 66 (+3)

0.37% less ownership

Funds ownership: 9.52% → 9.15% (-0.37%)

28% less capital invested

Capital invested by funds: $23M → $16.5M (-$6.53M)

Holders
66
Holders Change
+3
Holders Change %
+4.76%
% of All Funds
1.3%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
19
Reduced
15
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
+$1.22M
2
VEA
Virtus ETF Advisers
New York
+$1.01M
3
OMC
Old Mission Capital
Illinois
+$485K
4
Two Sigma Investments
Two Sigma Investments
New York
+$428K
5
Goldman Sachs
Goldman Sachs
New York
+$215K

Top Sellers

Rank Fund Capital Flow
1
RA
Royce & Associates
New York
-$4.63M
2
FRM
Foundation Resource Management
Arkansas
-$821K
3
WWM
Western Wealth Management
Colorado
-$313K
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$247K
5
AG
Advisor Group
Arizona
-$202K
Name Holding Trade Value Shares
Change 		Change in
Stake
FRM
1
Foundation Resource Management
Arkansas
$3.22M -$821K -203,747 -20%
VEA
2
Virtus ETF Advisers
New York
$2.9M +$1.01M +251,789 +50%
HKAM
3
Horizon Kinetics Asset Management
New York
$1.67M -$94.3K -23,422 -5%
Fidelity Investments
4
Fidelity Investments
Massachusetts
$1.32M +$4 +1 +0%
Jane Street
5
Jane Street
New York
$1.17M +$1.22M +303,247 New
Two Sigma Investments
6
Two Sigma Investments
New York
$619K +$428K +106,283 +196%
Morgan Stanley
7
Morgan Stanley
New York
$538K +$173K +42,904 +45%
OMC
8
Old Mission Capital
Illinois
$465K +$485K +120,500 New
MGAM
9
McGowan Group Asset Management
Texas
$437K -$21.2K -5,255 -4%
Bank of America
10
Bank of America
North Carolina
$372K +$1.21K +300 +0.3%
MAA
11
Mraz Amerine & Associates
California
$252K -$6.21K -1,543 -2%
PW
12
Price Wealth
Texas
$219K – – –
Goldman Sachs
13
Goldman Sachs
New York
$206K +$215K +53,400 New
State Street
14
State Street
Massachusetts
$200K +$36.6K +9,091 +22%
VF
15
Virtu Financial
New York
$197K +$205K +50,999 New
BFIM
16
Beese Fulmer Investment Management
Ohio
$185K -$12.1K -3,000 -6%
California Public Employees Retirement System
17
California Public Employees Retirement System
California
$179K +$127K +31,600 +215%
HF
18
HRT Financial
New York
$175K +$183K +45,360 New
Arrowstreet Capital
19
Arrowstreet Capital
Massachusetts
$166K -$247K -61,314 -59%
EVM
20
Eaton Vance Management
Massachusetts
$158K – – –
CCM
21
Cullen Capital Management
New York
$150K +$65.8K +16,335 +73%
CIA
22
Capital Investment Advisors
Georgia
$140K -$15.1K -3,750 -9%
Susquehanna International Group
23
Susquehanna International Group
Pennsylvania
$128K +$46.4K +11,515 +53%
CAPTRUST Financial Advisors
24
CAPTRUST Financial Advisors
North Carolina
$108K +$94.6K +23,500 +597%
Two Sigma Advisers
25
Two Sigma Advisers
New York
$106K +$53.2K +13,200 +92%
1
2 3 4

PBT Hedge Fund Activity: Q4 2019 in Review

66 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q4 2019, worth a combined $16.5M — down 28% from $23M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new PBT positions and 11 closed out — a net gain of 4 holders — while 19 added to existing stakes and 15 trimmed.

The largest buyer was Jane Street, opening a new position worth an estimated $1.22M. The largest seller was Royce & Associates, exiting entirely with an estimated $4.63M sold.

  • 66 institutional investors held Permian Basin Royalty Trust (PBT) as of Q4 2019, up from 63 in Q3 2019.
  • Funds reported $16.5M of Permian Basin Royalty Trust stock for Q4 2019, down 28% quarter-over-quarter.
  • 15 funds opened new Permian Basin Royalty Trust positions in Q4 2019 and 11 closed out, a net change of +4 holders.
  • The largest Permian Basin Royalty Trust buyer in Q4 2019 was Jane Street, an estimated $1.22M added.
  • The largest Permian Basin Royalty Trust seller in Q4 2019 was Royce & Associates, an estimated $4.63M sold.

Based on aggregated 13F filings for Q4 2019.