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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
Northwestern Mutual Wealth Management
51
Northwestern Mutual Wealth Management
Wisconsin
$209K +$2.3K +54 +1%
PCM
52
Perritt Capital Management
Illinois
$200K +$191K +4,491 New
PNC Financial Services Group
53
PNC Financial Services Group
Pennsylvania
$121K +$63.9K +1,500 +125%
LF
54
Lee Financial
Texas
$112K – – –
Royal Bank of Canada
55
Royal Bank of Canada
Ontario, Canada
$68K +$6.27K +147 +11%
First Manhattan
56
First Manhattan
New York
$66K -$42.6K -1,000 -40%
GF
57
Goodman Financial
Texas
$66K +$63.2K +1,483 New
LWCFA
58
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$64K – – –
Bank of Montreal
59
Bank of Montreal
Ontario, Canada
$56K – – –
AG
60
Advisor Group
Arizona
$47K +$426 +10 +1%
US Bancorp
61
US Bancorp
Minnesota
$45K – – –
ARMC
62
American Research & Management Company
Massachusetts
$45K +$42.6K +1,000 New
MOS
63
MGO One Seven
Ohio
$45K +$42.6K +1,000 New
PA
64
Parallel Advisors
California
$36K – – –
GT
65
Glenmede Trust
Pennsylvania
$32K – – –
RWA
66
Ropes Wealth Advisors
Massachusetts
$27K – – –
SPIA
67
Steward Partners Investment Advisory
New York
$22K – – –
BBHC
68
Brown Brothers Harriman & Co
New York
$18K +$17K +400 New
CTC
69
Central Trust Company
Missouri
$13K – – –
CAL
70
Capital Analysts LLC
Pennsylvania
$13K +$6.39K +150 +107%
Citigroup
71
Citigroup
New York
$7K – – –
IA
72
IFP Advisors
Florida
$4K -$4.99K -117 -59%
CPIG
73
Chicago Partners Investment Group
Illinois
$4K – – –
CA
74
Calton & Associates
Florida
$2K +$2.13K +50 New
PA
75
Perennial Advisors
New York
$1K +$980 +23 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.