Sabine Royalty Trust
75 hedge funds and large institutions have $78.3M invested in Sabine Royalty Trust in 2013 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 12 increasing their positions, 25 reducing their positions, and 6 closing their positions.
67% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 6
4% more funds holding
Funds holding: 72 → 75 (+3)
3% more capital invested
Capital invested by funds: $76M → $78.3M (+$2.21M)
0.36% more ownership
Funds ownership: 10.26% → 10.62% (+0.36%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
52% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$374K |
| 2 |
SAM
SignalPoint Asset Management
Springfield,
Missouri
|
+$356K |
| 3 |
NCCM
Nine Chapters Capital Management
Short Hills,
New Jersey
|
+$292K |
| 4 |
SPC
Stewart & Patten Company
Lafayette,
California
|
+$256K |
| 5 |
Renaissance Technologies
New York
|
+$251K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Advisers
New York
|
-$677K |
| 2 |
LCM
Lucas Capital Management
Red Bank,
New Jersey
|
-$589K |
| 3 |
FBC
Fairfield, Bush & Co
Darien,
Connecticut
|
-$460K |
| 4 |
Neuberger Berman Group
New York
|
-$250K |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$229K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
Neuberger Berman Group
New York
| – | -$250K | -4,917 | Closed |
|
|
77
Northern Trust
Chicago,
Illinois
| – | -$229K | -4,500 | Closed |
|
|
CAM
78
Cypress Asset Management
Houston,
Texas
| – | -$209K | -4,112 | Closed |
|
|
BIM
79
Bridgecreek Investment Management
Tulsa,
Oklahoma
| – | -$153K | -3,000 | Closed |
|
|
TRCT
80
Tower Research Capital (TRC)
New York
| – | -$15K | -300 | Closed |
|
|
FANJ
81
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$9K | -177 | Closed |
|
SBR Hedge Fund Activity: Q4 2013 in Review
75 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Sabine Royalty Trust (SBR) for Q4 2013, worth a combined $78.3M — up 2.9% from $76M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new SBR positions and 6 closed out — a net gain of 4 holders — while 12 added to existing stakes and 25 trimmed.
The largest buyer was TFS Capital, opening a new position worth an estimated $374K. The largest seller was Two Sigma Advisers, cutting an estimated $677K.
- 75 institutional investors held Sabine Royalty Trust (SBR) as of Q4 2013, up from 72 in Q3 2013.
- Funds reported $78.3M of Sabine Royalty Trust stock for Q4 2013, up 2.9% quarter-over-quarter.
- 10 funds opened new Sabine Royalty Trust positions in Q4 2013 and 6 closed out, a net change of +4 holders.
- The largest Sabine Royalty Trust buyer in Q4 2013 was TFS Capital, an estimated $374K added.
- The largest Sabine Royalty Trust seller in Q4 2013 was Two Sigma Advisers, an estimated $677K sold.
Based on aggregated 13F filings for Q4 2013.