Permian Basin Royalty Trust
PBT
79 hedge funds and large institutions have $188M invested in Permian Basin Royalty Trust in 2023 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 30 increasing their positions, 23 reducing their positions, and 16 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 23
0.23% more ownership
Funds ownership: 28.62% → 28.86% (+0.23%)
0% less call options, than puts
Call options by funds: $4.72M | Put options by funds: $4.72M
9% less funds holding
Funds holding: 87 → 79 (-8)
34% less capital invested
Capital invested by funds: $284M → $188M (-$95.6M)
38% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 16
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIC
Schwartz Investment Counsel
Plymouth,
Michigan
|
+$4.15M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.29M |
| 3 |
Group One Trading
Chicago,
Illinois
|
+$1.59M |
| 4 |
Morgan Stanley
New York
|
+$1.41M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$1.41M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HKAM
Horizon Kinetics Asset Management
New York
|
-$6.49M |
| 2 |
SC
Sinecera Capital
Austin,
Texas
|
-$2.61M |
| 3 |
MRI
Mad River Investors
Boston,
Massachusetts
|
-$1.4M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.21M |
| 5 |
KWA
Kingswood Wealth Advisors
San Diego,
California
|
-$445K |
PBT Hedge Fund Activity: Q4 2023 in Review
79 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q4 2023, worth a combined $188M — down 34% from $284M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of PBT and 10 opened new positions — a net loss of 6 holders — while 23 trimmed existing stakes and 30 added.
The largest buyer was Schwartz Investment Counsel, adding an estimated $4.15M. The largest seller was Horizon Kinetics Asset Management, cutting an estimated $6.49M.
- 79 institutional investors held Permian Basin Royalty Trust (PBT) as of Q4 2023, down from 87 in Q3 2023.
- Funds reported $188M of Permian Basin Royalty Trust stock for Q4 2023, down 34% quarter-over-quarter.
- 10 funds opened new Permian Basin Royalty Trust positions in Q4 2023 and 16 closed out, a net change of -6 holders.
- The largest Permian Basin Royalty Trust buyer in Q4 2023 was Schwartz Investment Counsel, an estimated $4.15M added.
- The largest Permian Basin Royalty Trust seller in Q4 2023 was Horizon Kinetics Asset Management, an estimated $6.49M sold.
Based on aggregated 13F filings for Q4 2023.