Sabine Royalty Trust
81 hedge funds and large institutions have $78M invested in Sabine Royalty Trust in 2014 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 22 increasing their positions, 19 reducing their positions, and 7 closing their positions.
16% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 19
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% less ownership
Funds ownership: 9.87% → 9.87% (-0%)
1% less funds holding
Funds holding: 82 → 81 (-1)
10% less capital invested
Capital invested by funds: $87.2M → $78M (-$9.15M)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Lucas Capital Management
Red Bank,
New Jersey
|
+$1.96M |
| 2 |
Morgan Stanley
New York
|
+$812K |
| 3 |
NFG
Next Financial Group
Houston,
Texas
|
+$656K |
| 4 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
+$614K |
| 5 |
FBC
Fairfield, Bush & Co
Darien,
Connecticut
|
+$255K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.12M |
| 2 |
Renaissance Technologies
New York
|
-$579K |
| 3 |
Northern Trust
Chicago,
Illinois
|
-$540K |
| 4 |
BGA
Belmont Global Advisors
Dallas,
Texas
|
-$485K |
| 5 |
NIA
Northstar Investment Advisors
Denver,
Colorado
|
-$363K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RFA
76
Reilly Financial Advisors
La Mesa,
California
| $11K | – | – | – |
|
77
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $10K | – | – | – |
|
|
FANJ
78
Financial Architects (New Jersey)
Marlton,
New Jersey
| $10K | +$227 | +4 | +2% |
|
|
PMFA
79
Plante Moran Financial Advisors
Southfield,
Michigan
| $5K | – | – | – |
|
|
MFS
80
MSI Financial Services
Springfield,
Massachusetts
| $3K | +$3.58K | +63 | New |
|
|
WCM
81
Westend Capital Management
Sausalito,
California
| $2K | +$2.84K | +50 | New |
|
|
82
Northern Trust
Chicago,
Illinois
| – | -$540K | -8,915 | Closed |
|
|
BGA
83
Belmont Global Advisors
Dallas,
Texas
| – | -$485K | -8,000 | Closed |
|
|
AMIM
84
Aull & Monroe Investment Management
Mobile,
Alabama
| – | -$309K | -5,107 | Closed |
|
|
VKH
85
Virtu KCG Holdings
New York
| – | -$297K | -4,899 | Closed |
|
|
GIM
86
Greylin Investment Management
Orange,
Virginia
| – | -$208K | -3,425 | Closed |
|
|
CB
87
Commerce Bank
Kansas City,
Missouri
| – | -$200K | -3,314 | Closed |
|
|
GSC
88
Ground Swell Capital
Folly Beach,
South Carolina
| – | -$6K | -100 | Closed |
|
SBR Hedge Fund Activity: Q3 2014 in Review
81 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Sabine Royalty Trust (SBR) for Q3 2014, worth a combined $78M — down 10% from $87.2M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of SBR and 6 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 22 added.
The largest buyer was Lucas Capital Management, adding an estimated $1.96M. The largest seller was Bank of America, cutting an estimated $2.12M.
- 81 institutional investors held Sabine Royalty Trust (SBR) as of Q3 2014, down from 82 in Q2 2014.
- Funds reported $78M of Sabine Royalty Trust stock for Q3 2014, down 10% quarter-over-quarter.
- 6 funds opened new Sabine Royalty Trust positions in Q3 2014 and 7 closed out, a net change of -1 holder.
- The largest Sabine Royalty Trust buyer in Q3 2014 was Lucas Capital Management, an estimated $1.96M added.
- The largest Sabine Royalty Trust seller in Q3 2014 was Bank of America, an estimated $2.12M sold.
Based on aggregated 13F filings for Q3 2014.