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SBR

Sabine Royalty Trust
SBR

75 hedge funds and large institutions have $59.6M invested in Sabine Royalty Trust in 2017 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 15 increasing their positions, 21 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 4

14% more capital invested

Capital invested by funds: $52.3M → $59.6M (+$7.33M)

10% more funds holding

Funds holding: 68 → 75 (+7)

0.38% more ownership

Funds ownership: 8.8% → 9.18% (+0.38%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

29% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 21

Holders
75
Holders Change
+7
Holders Change %
+10.29%
% of All Funds
1.7%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
11
Increased
15
Reduced
21
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WCM
Wildcat Capital Management
New York
+$2.27M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$747K
3
California Public Employees Retirement System
California Public Employees Retirement System
California
+$333K
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$306K
5
VF
Virtu Financial
New York
+$253K

Top Sellers

Rank Fund Capital Flow
1
Deutsche Bank
Deutsche Bank
Germany
-$529K
2
Renaissance Technologies
Renaissance Technologies
New York
-$420K
3
Two Sigma Investments
Two Sigma Investments
New York
-$356K
4
HC
Hawkins Capital
Texas
-$354K
5
LCM
Lucas Capital Management
New Jersey
-$211K
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
26
Ladenburg Thalmann Financial Services
Florida
$592K -$53K -1,244 -9%
BAC
27
Boys Arnold & Co
North Carolina
$569K – – –
State Street
28
State Street
Massachusetts
$551K +$99.1K +2,325 +23%
EWA
29
Exencial Wealth Advisors
Oklahoma
$533K +$46.9K +1,100 +10%
M
30
MOTCO
Texas
$517K – – –
CBTWT
31
Community Bank & Trust (Waco, Texas)
Texas
$506K -$31.5K -740 -6%
FBC
32
Fairfield, Bush & Co
Connecticut
$495K -$45.3K -1,063 -9%
HH
33
Hilltop Holdings
Texas
$446K – – –
CFB
34
Cullen/Frost Bankers
Texas
$445K – – –
Susquehanna International Group
35
Susquehanna International Group
Pennsylvania
$357K – – –
Luther King Capital Management (LKCM)
36
Luther King Capital Management (LKCM)
Texas
$347K – – –
CIC
37
Carnegie Investment Counsel
Ohio
$326K – – –
Arrowstreet Capital
38
Arrowstreet Capital
Massachusetts
$320K +$306K +7,173 New
PTC
39
Private Trust Company
Ohio
$294K – – –
Two Sigma Investments
40
Two Sigma Investments
New York
$274K -$356K -8,355 -58%
Bessemer Group
41
Bessemer Group
New Jersey
$268K -$17K -400 -6%
VF
42
Virtu Financial
New York
$265K +$253K +5,942 New
LPL Financial
43
LPL Financial
California
$264K +$27.8K +653 +12%
RFC
44
Regions Financial Corp
Alabama
$262K – – –
Ameriprise
45
Ameriprise
Minnesota
$234K – – –
GWM
46
Geneos Wealth Management
Colorado
$233K -$1.92K -45 -0.9%
AMIM
47
Aull & Monroe Investment Management
Alabama
$228K – – –
TCM
48
Tradition Capital Management
New Jersey
$223K – – –
CA
49
Cetera Advisors
Colorado
$216K +$209K +4,895 New
CWA
50
Clarus Wealth Advisors
Arizona
$210K +$201K +4,717 New
1
2
3 4

SBR Hedge Fund Activity: Q4 2017 in Review

75 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Sabine Royalty Trust (SBR) for Q4 2017, worth a combined $59.6M — up 14% from $52.3M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new SBR positions and 4 closed out — a net gain of 7 holders — while 15 added to existing stakes and 21 trimmed.

The largest buyer was Wildcat Capital Management, adding an estimated $2.27M. The largest seller was Deutsche Bank, cutting an estimated $529K.

  • 75 institutional investors held Sabine Royalty Trust (SBR) as of Q4 2017, up from 68 in Q3 2017.
  • Funds reported $59.6M of Sabine Royalty Trust stock for Q4 2017, up 14% quarter-over-quarter.
  • 11 funds opened new Sabine Royalty Trust positions in Q4 2017 and 4 closed out, a net change of +7 holders.
  • The largest Sabine Royalty Trust buyer in Q4 2017 was Wildcat Capital Management, an estimated $2.27M added.
  • The largest Sabine Royalty Trust seller in Q4 2017 was Deutsche Bank, an estimated $529K sold.

Based on aggregated 13F filings for Q4 2017.