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SBR

Sabine Royalty Trust
SBR

113 hedge funds and large institutions have $124M invested in Sabine Royalty Trust in 2023 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 23 increasing their positions, 27 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

3% more capital invested

Capital invested by funds: $120M → $124M (+$4.01M)

0.2% more ownership

Funds ownership: 12.5% → 12.7% (+0.2%)

6% less funds holding

Funds holding: 120 → 113 (-7)

15% less repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 27

38% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 16

Holders
113
Holders Change
-7
Holders Change %
-5.83%
% of All Funds
1.65%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
23
Reduced
27
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.28M
2
Two Sigma Investments
Two Sigma Investments
New York
+$1.1M
3
Koshinski Asset Management
Koshinski Asset Management
Illinois
+$588K
4
HIC
Holderness Investments Company
North Carolina
+$379K
5
BPA
Beacon Pointe Advisors
California
+$336K

Top Sellers

Rank Fund Capital Flow
1
RA
Royce & Associates
New York
-$2.82M
2
USGIU
U.S. Global Investors (USGI)
Texas
-$1.32M
3
Voloridge Investment Management
Voloridge Investment Management
Florida
-$611K
4
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$575K
5
Citadel Advisors
Citadel Advisors
Florida
-$552K
Name Holding Trade Value Shares
Change 		Change in
Stake
Qube Research & Technologies (QRT)
26
Qube Research & Technologies (QRT)
United Kingdom
$1.28M -$242K -3,821 -17%
CMI
27
Clare Market Investments
Texas
$1.23M +$128K +2,025 +13%
Corient Private Wealth
28
Corient Private Wealth
Florida
$1.21M +$2.09K +33 +0.2%
Mercer Global Advisors
29
Mercer Global Advisors
Colorado
$1.21M -$15K -238 -1%
BI
30
Bramshill Investments
Florida
$1.19M -$134K -2,117 -11%
Creative Planning
31
Creative Planning
Kansas
$1.06M -$8.16K -129 -0.8%
UBS Group
32
UBS Group
Switzerland
$1.03M +$88.5K +1,400 +10%
MWAM
33
Manhattan West Asset Management
California
$1.03M – – –
PA
34
PFG Advisors
Arizona
$1M – – –
TCA
35
Transcend Capital Advisors
New Jersey
$983K – – –
CIA
36
Capital Investment Advisors
Georgia
$953K – – –
MTC
37
McDaniel Terry & Co
Texas
$950K – – –
CAPTRUST Financial Advisors
38
CAPTRUST Financial Advisors
North Carolina
$882K – – –
EFS
39
Essex Financial Services
Connecticut
$864K +$89.9K +1,422 +13%
ANTB
40
AMG National Trust Bank
Colorado
$860K – – –
EWA
41
Exencial Wealth Advisors
Oklahoma
$813K – – –
Stifel Financial
42
Stifel Financial
Missouri
$807K -$17.1K -270 -2%
FCG
43
Fielder Capital Group
Tennessee
$796K +$742K +11,733 New
M
44
MOTCO
Texas
$787K – – –
VCA
45
Verdence Capital Advisors
Maryland
$787K – – –
MC
46
Moors & Cabot
Massachusetts
$785K +$37.9K +600 +5%
RWP
47
RWA Wealth Partners
Massachusetts
$693K – – –
HH
48
Hilltop Holdings
Texas
$685K – – –
FSA
49
Franklin Street Advisors
North Carolina
$684K – – –
BF
50
BOK Financial
Oklahoma
$679K – – –
1
2
3 4 5

SBR Hedge Fund Activity: Q4 2023 in Review

113 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Sabine Royalty Trust (SBR) for Q4 2023, worth a combined $124M — up 3.3% from $120M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of SBR and 10 opened new positions — a net loss of 6 holders — while 27 trimmed existing stakes and 23 added.

The largest buyer was Morgan Stanley, adding an estimated $1.28M. The largest seller was Royce & Associates, exiting entirely with an estimated $2.82M sold.

  • 113 institutional investors held Sabine Royalty Trust (SBR) as of Q4 2023, down from 120 in Q3 2023.
  • Funds reported $124M of Sabine Royalty Trust stock for Q4 2023, up 3.3% quarter-over-quarter.
  • 10 funds opened new Sabine Royalty Trust positions in Q4 2023 and 16 closed out, a net change of -6 holders.
  • The largest Sabine Royalty Trust buyer in Q4 2023 was Morgan Stanley, an estimated $1.28M added.
  • The largest Sabine Royalty Trust seller in Q4 2023 was Royce & Associates, an estimated $2.82M sold.

Based on aggregated 13F filings for Q4 2023.