Permian Basin Royalty Trust
94 hedge funds and large institutions have $148M invested in Permian Basin Royalty Trust in 2025 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 30 increasing their positions, 23 reducing their positions, and 9 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
30% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 23
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
1.03% more ownership
Funds ownership: 31% → 32.03% (+1%)
3% less funds holding
Funds holding: 97 → 94 (-3)
8% less capital invested
Capital invested by funds: $160M → $148M (-$12.2M)
46% less call options, than puts
Call options by funds: $2.55M | Put options by funds: $4.74M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MRI
Mad River Investors
Boston,
Massachusetts
|
+$2.44M |
| 2 |
HKAM
Horizon Kinetics Asset Management
New York
|
+$2.04M |
| 3 |
SIC
Schwartz Investment Counsel
Plymouth,
Michigan
|
+$1.08M |
| 4 |
Pathstone Holdings
Englewood,
New Jersey
|
+$681K |
| 5 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
+$625K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Moors & Cabot
Boston,
Massachusetts
|
-$943K |
| 2 |
LPL Financial
San Diego,
California
|
-$599K |
| 3 |
GM
GeoWealth Management
Chicago,
Illinois
|
-$550K |
| 4 |
Jane Street
New York
|
-$465K |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
-$324K |
PBT Hedge Fund Activity: Q1 2025 in Review
94 of the 7,461 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q1 2025, worth a combined $148M — down 7.6% from $160M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new PBT positions and 9 closed out — a net gain of 1 holder — while 30 added to existing stakes and 23 trimmed.
The largest buyer was Mad River Investors, adding an estimated $2.44M. The largest seller was Moors & Cabot, cutting an estimated $943K.
- 94 institutional investors held Permian Basin Royalty Trust (PBT) as of Q1 2025, down from 97 in Q4 2024.
- Funds reported $148M of Permian Basin Royalty Trust stock for Q1 2025, down 7.6% quarter-over-quarter.
- 10 funds opened new Permian Basin Royalty Trust positions in Q1 2025 and 9 closed out, a net change of +1 holder.
- The largest Permian Basin Royalty Trust buyer in Q1 2025 was Mad River Investors, an estimated $2.44M added.
- The largest Permian Basin Royalty Trust seller in Q1 2025 was Moors & Cabot, an estimated $943K sold.
Based on aggregated 13F filings for Q1 2025.