Permian Basin Royalty Trust
PBT
103 hedge funds and large institutions have $346M invested in Permian Basin Royalty Trust in 2025 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 30 increasing their positions, 19 reducing their positions, and 7 closing their positions.
114% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 7
58% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 19
8% more funds holding
Funds holding: 95 → 103 (+8)
1.75% more ownership
Funds ownership: 41.94% → 43.69% (+1.7%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
3% less capital invested
Capital invested by funds: $357M → $346M (-$10.9M)
91% less call options, than puts
Call options by funds: $1.55M | Put options by funds: $17.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SEI Investments
Oaks,
Pennsylvania
|
+$3.5M |
| 2 |
Jane Street
New York
|
+$1.9M |
| 3 |
HKAM
Horizon Kinetics Asset Management
New York
|
+$1.59M |
| 4 |
Morgan Stanley
New York
|
+$1.41M |
| 5 |
HF
HRT Financial
New York
|
+$1.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$1.76M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
-$1.75M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$560K |
| 4 |
KI
Kapitalo Investimentos
Sao Paulo,
Brazil
|
-$560K |
| 5 |
SIC
Schwartz Investment Counsel
Plymouth,
Michigan
|
-$313K |
PBT Hedge Fund Activity: Q4 2025 in Review
103 of the 8,269 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q4 2025, worth a combined $346M — down 3% from $357M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new PBT positions and 7 closed out — a net gain of 8 holders — while 30 added to existing stakes and 19 trimmed.
The largest buyer was SEI Investments, opening a new position worth an estimated $3.5M. The largest seller was UBS Group, cutting an estimated $1.76M.
- 103 institutional investors held Permian Basin Royalty Trust (PBT) as of Q4 2025, up from 95 in Q3 2025.
- Funds reported $346M of Permian Basin Royalty Trust stock for Q4 2025, down 3% quarter-over-quarter.
- 15 funds opened new Permian Basin Royalty Trust positions in Q4 2025 and 7 closed out, a net change of +8 holders.
- The largest Permian Basin Royalty Trust buyer in Q4 2025 was SEI Investments, an estimated $3.5M added.
- The largest Permian Basin Royalty Trust seller in Q4 2025 was UBS Group, an estimated $1.76M sold.
Based on aggregated 13F filings for Q4 2025.