Sabine Royalty Trust
82 hedge funds and large institutions have $60M invested in Sabine Royalty Trust in 2019 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 20 increasing their positions, 19 reducing their positions, and 12 closing their positions.
5% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 19
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.01% less ownership
Funds ownership: 10.24% → 10.23% (-0.01%)
4% less funds holding
Funds holding: 85 → 82 (-3)
7% less capital invested
Capital invested by funds: $64.6M → $60M (-$4.63M)
25% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$1.02M |
| 2 |
Morgan Stanley
New York
|
+$781K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$687K |
| 4 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$506K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$424K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DIA
Davidson Investment Advisors
Great Falls,
Montana
|
-$1.26M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$822K |
| 3 |
FSA
Franklin Street Advisors
Chapel Hill,
North Carolina
|
-$396K |
| 4 |
Two Sigma Advisers
New York
|
-$384K |
| 5 |
RA
Royce & Associates
New York
|
-$359K |
SBR Hedge Fund Activity: Q4 2019 in Review
82 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Sabine Royalty Trust (SBR) for Q4 2019, worth a combined $60M — down 7.2% from $64.6M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of SBR and 9 opened new positions — a net loss of 3 holders — while 19 trimmed existing stakes and 20 added.
The largest buyer was Two Sigma Investments, opening a new position worth an estimated $1.02M. The largest seller was Davidson Investment Advisors, exiting entirely with an estimated $1.26M sold.
- 82 institutional investors held Sabine Royalty Trust (SBR) as of Q4 2019, down from 85 in Q3 2019.
- Funds reported $60M of Sabine Royalty Trust stock for Q4 2019, down 7.2% quarter-over-quarter.
- 9 funds opened new Sabine Royalty Trust positions in Q4 2019 and 12 closed out, a net change of -3 holders.
- The largest Sabine Royalty Trust buyer in Q4 2019 was Two Sigma Investments, an estimated $1.02M added.
- The largest Sabine Royalty Trust seller in Q4 2019 was Davidson Investment Advisors, an estimated $1.26M sold.
Based on aggregated 13F filings for Q4 2019.