Sabine Royalty Trust
82 hedge funds and large institutions have $87.2M invested in Sabine Royalty Trust in 2014 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 18 increasing their positions, 28 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
12% more funds holding
Funds holding: 73 → 82 (+9)
11% more capital invested
Capital invested by funds: $78.3M → $87.2M (+$8.93M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.96% less ownership
Funds ownership: 10.83% → 9.87% (-0.96%)
36% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$730K |
| 2 |
FBC
Fairfield, Bush & Co
Darien,
Connecticut
|
+$573K |
| 3 |
ZCM
Zebra Capital Management
Stamford,
Connecticut
|
+$569K |
| 4 |
BGA
Belmont Global Advisors
Dallas,
Texas
|
+$442K |
| 5 |
CIC
Carnegie Investment Counsel
Pepper Pike,
Ohio
|
+$393K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Lucas Capital Management
Red Bank,
New Jersey
|
-$6.57M |
| 2 |
US Bancorp
Minneapolis,
Minnesota
|
-$1.92M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.24M |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
-$669K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$515K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PSI
76
Pinnacle Summer Investments
Fairfax,
Virginia
| $23K | – | – | – |
|
|
CFS
77
Community Financial System
Dewitt,
New York
| $12K | – | – | – |
|
78
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $12K | – | – | – |
|
|
RFA
79
Reilly Financial Advisors
La Mesa,
California
| $12K | – | – | – |
|
|
FANJ
80
Financial Architects (New Jersey)
Marlton,
New Jersey
| $11K | +$10.4K | +188 | New |
|
|
PMFA
81
Plante Moran Financial Advisors
Southfield,
Michigan
| $6K | – | – | – |
|
|
GSC
82
Ground Swell Capital
Folly Beach,
South Carolina
| $6K | +$5.53K | +100 | New |
|
|
TC
83
TFS Capital
West Chester,
Pennsylvania
| – | -$302K | -6,106 | Closed |
|
|
NCCM
84
Nine Chapters Capital Management
Short Hills,
New Jersey
| – | -$277K | -5,600 | Closed |
|
|
HIM
85
Hillsdale Investment Management
Toronto,
Ontario, Canada
| – | -$225K | -4,550 | Closed |
|
|
TRCT
86
Tower Research Capital (TRC)
New York
| – | -$19K | -382 | Closed |
|
SBR Hedge Fund Activity: Q2 2014 in Review
82 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Sabine Royalty Trust (SBR) for Q2 2014, worth a combined $87.2M — up 11% from $78.3M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new SBR positions and 4 closed out — a net gain of 9 holders — while 18 added to existing stakes and 28 trimmed.
The largest buyer was Neuberger Berman Group, opening a new position worth an estimated $730K. The largest seller was Lucas Capital Management, cutting an estimated $6.57M.
- 82 institutional investors held Sabine Royalty Trust (SBR) as of Q2 2014, up from 73 in Q1 2014.
- Funds reported $87.2M of Sabine Royalty Trust stock for Q2 2014, up 11% quarter-over-quarter.
- 13 funds opened new Sabine Royalty Trust positions in Q2 2014 and 4 closed out, a net change of +9 holders.
- The largest Sabine Royalty Trust buyer in Q2 2014 was Neuberger Berman Group, an estimated $730K added.
- The largest Sabine Royalty Trust seller in Q2 2014 was Lucas Capital Management, an estimated $6.57M sold.
Based on aggregated 13F filings for Q2 2014.