Sabine Royalty Trust
70 hedge funds and large institutions have $54.7M invested in Sabine Royalty Trust in 2014 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 22 increasing their positions, 19 reducing their positions, and 16 closing their positions.
16% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 19
0.54% more ownership
Funds ownership: 9.87% → 10.41% (+0.54%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
14% less funds holding
Funds holding: 81 → 70 (-11)
30% less capital invested
Capital invested by funds: $78M → $54.7M (-$23.3M)
56% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$1.77M |
| 2 |
LCM
Lucas Capital Management
Red Bank,
New Jersey
|
+$1.38M |
| 3 |
Creative Planning
Overland Park,
Kansas
|
+$1.31M |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$803K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$766K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
-$728K |
| 2 |
Neuberger Berman Group
New York
|
-$715K |
| 3 |
NFG
Next Financial Group
Houston,
Texas
|
-$540K |
| 4 |
CNB
City National Bank
Beverly Hills,
California
|
-$456K |
| 5 |
NPC
National Planning Corporation
El Segundo,
California
|
-$364K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TCM
76
Tradition Capital Management
Summit,
New Jersey
| – | -$271K | -5,000 | Closed |
|
77
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$268K | -4,932 | Closed |
|
78
Bank of New York Mellon
New York
| – | -$266K | -4,900 | Closed |
|
|
CFB
79
Cullen/Frost Bankers
San Antonio,
Texas
| – | -$245K | -4,525 | Closed |
|
|
FCBT
80
First Citizens Bank & Trust
Raleigh,
North Carolina
| – | -$244K | -4,500 | Closed |
|
|
BFS
81
Bradley Foster & Sargent
Hartford,
Connecticut
| – | -$217K | -4,000 | Closed |
|
|
OC
82
Oppenheimer & Co
New York
| – | -$213K | -3,930 | Closed |
|
83
Ameriprise
Minneapolis,
Minnesota
| – | -$150K | -2,770 | Closed |
|
|
CPA
84
Cowen Prime Advisors
New York
| – | -$87K | -1,600 | Closed |
|
|
BAM
85
Barrett Asset Management
New York
| – | -$27K | -500 | Closed |
|
|
FANJ
86
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$10K | -192 | Closed |
|
SBR Hedge Fund Activity: Q4 2014 in Review
70 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Sabine Royalty Trust (SBR) for Q4 2014, worth a combined $54.7M — down 30% from $78M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of SBR and 7 opened new positions — a net loss of 9 holders — while 19 trimmed existing stakes and 22 added.
The largest buyer was Deutsche Bank, adding an estimated $1.77M. The largest seller was O'Shaughnessy Asset Management, exiting entirely with an estimated $728K sold.
- 70 institutional investors held Sabine Royalty Trust (SBR) as of Q4 2014, down from 81 in Q3 2014.
- Funds reported $54.7M of Sabine Royalty Trust stock for Q4 2014, down 30% quarter-over-quarter.
- 7 funds opened new Sabine Royalty Trust positions in Q4 2014 and 16 closed out, a net change of -9 holders.
- The largest Sabine Royalty Trust buyer in Q4 2014 was Deutsche Bank, an estimated $1.77M added.
- The largest Sabine Royalty Trust seller in Q4 2014 was O'Shaughnessy Asset Management, an estimated $728K sold.
Based on aggregated 13F filings for Q4 2014.