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SBR

Sabine Royalty Trust
SBR

147 hedge funds and large institutions have $178M invested in Sabine Royalty Trust in 2025 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 39 increasing their positions, 31 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

240% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 5

35% more capital invested

Capital invested by funds: $132M → $178M (+$46M)

26% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 31

8% more funds holding

Funds holding: 136 → 147 (+11)

1.8% more ownership

Funds ownership: 13.55% → 15.35% (+1.8%)

Holders
147
Holders Change
+11
Holders Change %
+8.09%
% of All Funds
1.93%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
39
Reduced
31
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AP
Americana Partners
Texas
+$16.2M
2
PFS
Prospera Financial Services
Texas
+$1.92M
3
HF
HRT Financial
New York
+$1.7M
4
Morgan Stanley
Morgan Stanley
New York
+$1.49M
5
Walleye Capital
Walleye Capital
New York
+$1.27M

Top Sellers

Rank Fund Capital Flow
1
BPA
Beacon Pointe Advisors
California
-$7.88M
2
Marshall Wace
Marshall Wace
United Kingdom
-$1.55M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.48M
4
Wells Fargo
Wells Fargo
California
-$464K
5
Lazard Asset Management
Lazard Asset Management
New York
-$418K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
51
Wells Fargo
California
$811K -$464K -6,500 -39%
BB
52
Burford Brothers
Texas
$806K – – –
FSA
53
Franklin Street Advisors
North Carolina
$801K – – –
IFG
54
Independent Financial Group
California
$784K +$84.5K +1,183 +14%
FCG
55
Fielder Capital Group
Tennessee
$761K -$129K -1,800 -16%
VCA
56
Verdence Capital Advisors
Maryland
$738K – – –
EFS
57
Essex Financial Services
Connecticut
$732K +$1.71K +24 +0.3%
Brown Advisory
58
Brown Advisory
Maryland
$723K – – –
SOW
59
State of Wyoming
Wyoming
$721K -$16K -224 -2%
MEAC
60
M.E. Allison & Co
Texas
$718K +$355K +4,978 +123%
STA
61
Summit Trail Advisors
New York
$675K – – –
Jane Street
62
Jane Street
New York
$616K +$248K +3,470 +81%
RWP
63
RWA Wealth Partners
Massachusetts
$614K -$105K -1,476 -16%
CIC
64
Chilton Investment Company
Connecticut
$602K -$107K -1,495 -16%
CIC
65
Carnegie Investment Counsel
Ohio
$580K -$14.8K -207 -3%
State Street
66
State Street
Massachusetts
$562K -$11.2K -157 -2%
Cetera Investment Advisers
67
Cetera Investment Advisers
Illinois
$561K +$80.5K +1,128 +19%
Kovitz Investment Group Partners
68
Kovitz Investment Group Partners
Illinois
$559K – – –
Corient Private Wealth
69
Corient Private Wealth
Florida
$547K – – –
PTC
70
Private Trust Company
Ohio
$540K – – –
BF
71
BOK Financial
Oklahoma
$516K – – –
Ameriprise
72
Ameriprise
Minnesota
$499K +$4.71K +66 +1%
HighTower Advisors
73
HighTower Advisors
Illinois
$485K -$38.1K -534 -8%
HIC
74
Holderness Investments Company
North Carolina
$477K – – –
APC
75
Asset Planning Corporation
Tennessee
$475K +$427K +5,982 New
1 2
3
4 5

SBR Hedge Fund Activity: Q3 2025 in Review

147 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Sabine Royalty Trust (SBR) for Q3 2025, worth a combined $178M — up 35% from $132M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new SBR positions and 5 closed out — a net gain of 12 holders — while 39 added to existing stakes and 31 trimmed.

The largest buyer was Americana Partners, adding an estimated $16.2M. The largest seller was Beacon Pointe Advisors, cutting an estimated $7.88M.

  • 147 institutional investors held Sabine Royalty Trust (SBR) as of Q3 2025, up from 136 in Q2 2025.
  • Funds reported $178M of Sabine Royalty Trust stock for Q3 2025, up 35% quarter-over-quarter.
  • 17 funds opened new Sabine Royalty Trust positions in Q3 2025 and 5 closed out, a net change of +12 holders.
  • The largest Sabine Royalty Trust buyer in Q3 2025 was Americana Partners, an estimated $16.2M added.
  • The largest Sabine Royalty Trust seller in Q3 2025 was Beacon Pointe Advisors, an estimated $7.88M sold.

Based on aggregated 13F filings for Q3 2025.