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SBR

Sabine Royalty Trust
SBR

70 hedge funds and large institutions have $38.5M invested in Sabine Royalty Trust in 2020 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

15% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 13

0% more capital invested

Capital invested by funds: $38.4M → $38.5M (+$73.5K)

0.13% more ownership

Funds ownership: 9.24% → 9.37% (+0.13%)

1% less funds holding

Funds holding: 71 → 70 (-1)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
70
Holders Change
-1
Holders Change %
-1.41%
% of All Funds
1.24%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
9
Increased
15
Reduced
13
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$780K
2
PGFC
Peapack-Gladstone Financial Corp
New Jersey
+$705K
3
PFS
Prospera Financial Services
Texas
+$400K
4
UBS Group
UBS Group
Switzerland
+$361K
5
HighTower Advisors
HighTower Advisors
Illinois
+$298K

Top Sellers

Rank Fund Capital Flow
1
Northern Trust
Northern Trust
Illinois
-$407K
2
UR
USCA RIA
Texas
-$340K
3
Citadel Advisors
Citadel Advisors
Florida
-$313K
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$207K
5
LCM
Lucas Capital Management
New Jersey
-$159K
Name Holding Trade Value Shares
Change 		Change in
Stake
PAG
26
Pinnacle Advisory Group
Maryland
$378K – – –
CAPTRUST Financial Advisors
27
CAPTRUST Financial Advisors
North Carolina
$367K – – –
EVM
28
Eaton Vance Management
Massachusetts
$361K – – –
ANTB
29
AMG National Trust Bank
Colorado
$357K – – –
EWA
30
Exencial Wealth Advisors
Oklahoma
$338K – – –
M
31
MOTCO
Texas
$327K – – –
State Street
32
State Street
Massachusetts
$318K -$49.6K -1,700 -13%
Osaic Holdings
33
Osaic Holdings
Arizona
$309K -$42.9K -1,470 -12%
RWP
34
RWA Wealth Partners
Massachusetts
$288K – – –
HighTower Advisors
35
HighTower Advisors
Illinois
$287K +$298K +10,220 New
HH
36
Hilltop Holdings
Texas
$285K -$6.42K -220 -2%
FSA
37
Franklin Street Advisors
North Carolina
$284K – – –
ATC
38
Argent Trust Co
Tennessee
$282K +$58.3K +2,000 +25%
HKAM
39
Horizon Kinetics Asset Management
New York
$279K -$14.5K -498 -5%
LPL Financial
40
LPL Financial
California
$246K +$255K +8,726 New
RJA
41
Raymond James & Associates
Florida
$221K +$21.1K +722 +10%
FBC
42
Fairfield, Bush & Co
Connecticut
$215K -$18.5K -635 -8%
CIC
43
Carnegie Investment Counsel
Ohio
$206K – – –
CFB
44
Cullen/Frost Bankers
Texas
$192K +$11.7K +400 +6%
GWM
45
Geneos Wealth Management
Colorado
$127K +$1.02K +35 +0.9%
LF
46
Lee Financial
Texas
$71K – – –
ICM
47
Islay Capital Management
Texas
$56K – – –
LWCFA
48
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$41K – – –
Bank of Montreal
49
Bank of Montreal
Ontario, Canada
$38K – – –
PNC Financial Services Group
50
PNC Financial Services Group
Pennsylvania
$37K – – –
1
2
3 4

SBR Hedge Fund Activity: Q4 2020 in Review

70 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Sabine Royalty Trust (SBR) for Q4 2020, worth a combined $38.5M — up 0.19% from $38.4M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of SBR and 9 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 15 added.

The largest buyer was Morgan Stanley, adding an estimated $780K. The largest seller was Northern Trust, exiting entirely with an estimated $407K sold.

  • 70 institutional investors held Sabine Royalty Trust (SBR) as of Q4 2020, down from 71 in Q3 2020.
  • Funds reported $38.5M of Sabine Royalty Trust stock for Q4 2020, up 0.19% quarter-over-quarter.
  • 9 funds opened new Sabine Royalty Trust positions in Q4 2020 and 10 closed out, a net change of -1 holder.
  • The largest Sabine Royalty Trust buyer in Q4 2020 was Morgan Stanley, an estimated $780K added.
  • The largest Sabine Royalty Trust seller in Q4 2020 was Northern Trust, an estimated $407K sold.

Based on aggregated 13F filings for Q4 2020.