Sabine Royalty Trust
75 hedge funds and large institutions have $59.6M invested in Sabine Royalty Trust in 2017 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 15 increasing their positions, 21 reducing their positions, and 4 closing their positions.
175% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 4
14% more capital invested
Capital invested by funds: $52.3M → $59.6M (+$7.33M)
10% more funds holding
Funds holding: 68 → 75 (+7)
0.38% more ownership
Funds ownership: 8.8% → 9.18% (+0.38%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
29% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Wildcat Capital Management
New York
|
+$2.27M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$747K |
| 3 |
California Public Employees Retirement System
Sacramento,
California
|
+$333K |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$306K |
| 5 |
VF
Virtu Financial
New York
|
+$253K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$529K |
| 2 |
Renaissance Technologies
New York
|
-$420K |
| 3 |
Two Sigma Investments
New York
|
-$356K |
| 4 |
HC
Hawkins Capital
Houston,
Texas
|
-$354K |
| 5 |
LCM
Lucas Capital Management
Red Bank,
New Jersey
|
-$211K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HC
76
Hawkins Capital
Houston,
Texas
| – | -$354K | -8,700 | Closed |
|
77
SEI Investments
Oaks,
Pennsylvania
| – | -$16K | -400 | Closed |
|
|
NFG
78
Next Financial Group
Houston,
Texas
| – | -$13K | -309 | Closed |
|
|
CB
79
Community Bank
Dewitt,
New York
| – | -$8K | -200 | Closed |
|
SBR Hedge Fund Activity: Q4 2017 in Review
75 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Sabine Royalty Trust (SBR) for Q4 2017, worth a combined $59.6M — up 14% from $52.3M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new SBR positions and 4 closed out — a net gain of 7 holders — while 15 added to existing stakes and 21 trimmed.
The largest buyer was Wildcat Capital Management, adding an estimated $2.27M. The largest seller was Deutsche Bank, cutting an estimated $529K.
- 75 institutional investors held Sabine Royalty Trust (SBR) as of Q4 2017, up from 68 in Q3 2017.
- Funds reported $59.6M of Sabine Royalty Trust stock for Q4 2017, up 14% quarter-over-quarter.
- 11 funds opened new Sabine Royalty Trust positions in Q4 2017 and 4 closed out, a net change of +7 holders.
- The largest Sabine Royalty Trust buyer in Q4 2017 was Wildcat Capital Management, an estimated $2.27M added.
- The largest Sabine Royalty Trust seller in Q4 2017 was Deutsche Bank, an estimated $529K sold.
Based on aggregated 13F filings for Q4 2017.