Sabine Royalty Trust
70 hedge funds and large institutions have $51.2M invested in Sabine Royalty Trust in 2018 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 15 reducing their positions, and 14 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 15
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.65% less ownership
Funds ownership: 10.11% → 9.46% (-0.65%)
10% less funds holding
Funds holding: 78 → 70 (-8)
17% less capital invested
Capital invested by funds: $62.1M → $51.2M (-$10.8M)
50% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Wildcat Capital Management
New York
|
+$1.73M |
| 2 |
Koshinski Asset Management
Decatur,
Illinois
|
+$222K |
| 3 |
FBC
Fairfield, Bush & Co
Darien,
Connecticut
|
+$80.8K |
| 4 |
LCM
Lucas Capital Management
Red Bank,
New Jersey
|
+$69.1K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$68.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.62M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$1.26M |
| 3 |
Renaissance Technologies
New York
|
-$1.26M |
| 4 |
Creative Planning
Overland Park,
Kansas
|
-$1.02M |
| 5 |
CIC
Carnegie Investment Counsel
Pepper Pike,
Ohio
|
-$578K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
HighTower Advisors
Chicago,
Illinois
| – | -$204K | -4,800 | Closed |
|
|
ARMC
77
American Research & Management Company
Marion,
Massachusetts
| – | -$42K | -1,000 | Closed |
|
|
APP
78
Avantax Planning Partners
Dubuque,
Iowa
| – | -$34K | -800 | Closed |
|
|
BA
79
Ballew Advisors
Jackson,
Mississippi
| – | -$20K | -539 | Closed |
|
|
PA
80
Parallel Advisors
San Francisco,
California
| – | -$21K | -500 | Closed |
|
|
TCM
81
Tradewinds Capital Management
Bellingham,
Washington
| – | -$4K | -100 | Closed |
|
82
Fidelity Investments
Boston,
Massachusetts
| – | +$38 | +1 | New |
|
|
WAM
83
Watermark Asset Management
San Ramon,
California
| – | +$38 | +1 | +9% |
|
SBR Hedge Fund Activity: Q4 2018 in Review
70 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Sabine Royalty Trust (SBR) for Q4 2018, worth a combined $51.2M — down 17% from $62.1M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of SBR and 7 opened new positions — a net loss of 7 holders — while 15 trimmed existing stakes and 21 added.
The largest buyer was Wildcat Capital Management, adding an estimated $1.73M. The largest seller was Deutsche Bank, cutting an estimated $1.62M.
- 70 institutional investors held Sabine Royalty Trust (SBR) as of Q4 2018, down from 78 in Q3 2018.
- Funds reported $51.2M of Sabine Royalty Trust stock for Q4 2018, down 17% quarter-over-quarter.
- 7 funds opened new Sabine Royalty Trust positions in Q4 2018 and 14 closed out, a net change of -7 holders.
- The largest Sabine Royalty Trust buyer in Q4 2018 was Wildcat Capital Management, an estimated $1.73M added.
- The largest Sabine Royalty Trust seller in Q4 2018 was Deutsche Bank, an estimated $1.62M sold.
Based on aggregated 13F filings for Q4 2018.