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SBR

Sabine Royalty Trust
SBR

73 hedge funds and large institutions have $50.6M invested in Sabine Royalty Trust in 2021 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 15 increasing their positions, 16 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 8

31% more capital invested

Capital invested by funds: $38.5M → $50.6M (+$12.1M)

4% more funds holding

Funds holding: 70 → 73 (+3)

2.08% more ownership

Funds ownership: 9.37% → 11.44% (+2.1%)

6% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 16

Holders
73
Holders Change
+3
Holders Change %
+4.29%
% of All Funds
1.28%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
15
Reduced
16
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM)
Texas
+$4.32M
2
Morgan Stanley
Morgan Stanley
New York
+$2.44M
3
Mercer Global Advisors
Mercer Global Advisors
Colorado
+$1.29M
4
CAL
Capital Analysts LLC
Pennsylvania
+$1.21M
5
Koshinski Asset Management
Koshinski Asset Management
Illinois
+$629K

Top Sellers

Rank Fund Capital Flow
1
ECG
Edge Capital Group
Georgia
-$627K
2
UBS Group
UBS Group
Switzerland
-$366K
3
California Public Employees Retirement System
California Public Employees Retirement System
California
-$108K
4
HighTower Advisors
HighTower Advisors
Illinois
-$93.7K
5
CCM
Chilton Capital Management
Texas
-$64.4K
Name Holding Trade Value Shares
Change 		Change in
Stake
Osaic Holdings
26
Osaic Holdings
Arizona
$440K +$110K +3,486 +32%
MTC
27
McDaniel Terry & Co
Texas
$425K – – –
RJA
28
Raymond James & Associates
Florida
$425K +$193K +6,143 +78%
PFS
29
Prospera Financial Services
Texas
$416K – – –
PAG
30
Pinnacle Advisory Group
Maryland
$408K – – –
CAPTRUST Financial Advisors
31
CAPTRUST Financial Advisors
North Carolina
$395K – – –
EVM
32
Eaton Vance Management
Massachusetts
$389K – – –
ANTB
33
AMG National Trust Bank
Colorado
$385K – – –
EWA
34
Exencial Wealth Advisors
Oklahoma
$364K – – –
ATC
35
Argent Trust Co
Tennessee
$364K +$63K +2,000 +20%
M
36
MOTCO
Texas
$352K – – –
RJFSA
37
Raymond James Financial Services Advisors
Florida
$348K +$361K +11,462 New
Millennium Management
38
Millennium Management
New York
$321K +$333K +10,578 New
Citadel Advisors
39
Citadel Advisors
Florida
$312K +$324K +10,285 New
RWP
40
RWA Wealth Partners
Massachusetts
$310K – – –
HH
41
Hilltop Holdings
Texas
$307K – – –
FSA
42
Franklin Street Advisors
North Carolina
$306K – – –
HKAM
43
Horizon Kinetics Asset Management
New York
$291K -$8.94K -284 -3%
LPL Financial
44
LPL Financial
California
$256K -$9.41K -299 -3%
FBC
45
Fairfield, Bush & Co
Connecticut
$226K -$6.3K -200 -3%
CIC
46
Carnegie Investment Counsel
Ohio
$225K – – –
HighTower Advisors
47
HighTower Advisors
Illinois
$221K -$93.7K -2,977 -29%
PTC
48
Private Trust Company
Ohio
$206K +$214K +6,800 New
CFB
49
Cullen/Frost Bankers
Texas
$182K -$26K -826 -12%
GWM
50
Geneos Wealth Management
Colorado
$144K – – –
1
2
3 4

SBR Hedge Fund Activity: Q1 2021 in Review

73 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Sabine Royalty Trust (SBR) for Q1 2021, worth a combined $50.6M — up 31% from $38.5M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new SBR positions and 8 closed out — a net gain of 4 holders — while 15 added to existing stakes and 16 trimmed.

The largest buyer was Luther King Capital Management (LKCM), adding an estimated $4.32M. The largest seller was Edge Capital Group, exiting entirely with an estimated $627K sold.

  • 73 institutional investors held Sabine Royalty Trust (SBR) as of Q1 2021, up from 70 in Q4 2020.
  • Funds reported $50.6M of Sabine Royalty Trust stock for Q1 2021, up 31% quarter-over-quarter.
  • 12 funds opened new Sabine Royalty Trust positions in Q1 2021 and 8 closed out, a net change of +4 holders.
  • The largest Sabine Royalty Trust buyer in Q1 2021 was Luther King Capital Management (LKCM), an estimated $4.32M added.
  • The largest Sabine Royalty Trust seller in Q1 2021 was Edge Capital Group, an estimated $627K sold.

Based on aggregated 13F filings for Q1 2021.