Permian Basin Royalty Trust
PBT
96 hedge funds and large institutions have $433M invested in Permian Basin Royalty Trust in 2026 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 26 increasing their positions, 30 reducing their positions, and 15 closing their positions.
452% more call options, than puts
Call options by funds: $2.04M | Put options by funds: $370K
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
25% more capital invested
Capital invested by funds: $346M → $433M (+$86.8M)
0.55% less ownership
Funds ownership: 43.69% → 43.14% (-0.55%)
7% less funds holding
Funds holding: 103 → 96 (-7)
13% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 30
47% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SEI Investments
Oaks,
Pennsylvania
|
+$4.41M |
| 2 |
HKAM
Horizon Kinetics Asset Management
New York
|
+$3.74M |
| 3 |
SW
SteelPeak Wealth
Woodland Hills,
California
|
+$3.72M |
| 4 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
+$2.19M |
| 5 |
HF
HRT Financial
New York
|
+$1.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$6.74M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$4.57M |
| 3 |
Group One Trading
Chicago,
Illinois
|
-$3.12M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.09M |
| 5 |
HP
Hosking Partners
London,
United Kingdom
|
-$1.29M |
PBT Hedge Fund Activity: Q1 2026 in Review
96 of the 8,190 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q1 2026, worth a combined $433M — up 25% from $346M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of PBT and 8 opened new positions — a net loss of 7 holders — while 30 trimmed existing stakes and 26 added.
The largest buyer was SEI Investments, adding an estimated $4.41M. The largest seller was Jane Street, cutting an estimated $6.74M.
- 96 institutional investors held Permian Basin Royalty Trust (PBT) as of Q1 2026, down from 103 in Q4 2025.
- Funds reported $433M of Permian Basin Royalty Trust stock for Q1 2026, up 25% quarter-over-quarter.
- 8 funds opened new Permian Basin Royalty Trust positions in Q1 2026 and 15 closed out, a net change of -7 holders.
- The largest Permian Basin Royalty Trust buyer in Q1 2026 was SEI Investments, an estimated $4.41M added.
- The largest Permian Basin Royalty Trust seller in Q1 2026 was Jane Street, an estimated $6.74M sold.
Based on aggregated 13F filings for Q1 2026.