Sabine Royalty Trust
70 hedge funds and large institutions have $38.5M invested in Sabine Royalty Trust in 2020 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 10 closing their positions.
15% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 13
0% more capital invested
Capital invested by funds: $38.4M → $38.5M (+$73.5K)
0.13% more ownership
Funds ownership: 9.24% → 9.37% (+0.13%)
1% less funds holding
Funds holding: 71 → 70 (-1)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$780K |
| 2 |
PGFC
Peapack-Gladstone Financial Corp
Bedminster,
New Jersey
|
+$705K |
| 3 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$400K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$361K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$298K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
-$407K |
| 2 |
UR
USCA RIA
Houston,
Texas
|
-$340K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$313K |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$207K |
| 5 |
LCM
Lucas Capital Management
Red Bank,
New Jersey
|
-$159K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CSPIA
76
Cary Street Partners Investment Advisory
Richmond,
Virginia
| – | -$146K | -5,000 | Closed |
|
|
AA
77
Advisory Alpha
Holland,
Michigan
| – | -$80K | -2,694 | Closed |
|
|
GT
78
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$21K | -726 | Closed |
|
|
HFA
79
HC Financial Advisors
Lafayette,
California
| – | -$6K | -220 | Closed |
|
80
Fidelity Investments
Boston,
Massachusetts
| – | +$29 | +1 | New |
|
SBR Hedge Fund Activity: Q4 2020 in Review
70 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Sabine Royalty Trust (SBR) for Q4 2020, worth a combined $38.5M — up 0.19% from $38.4M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of SBR and 9 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 15 added.
The largest buyer was Morgan Stanley, adding an estimated $780K. The largest seller was Northern Trust, exiting entirely with an estimated $407K sold.
- 70 institutional investors held Sabine Royalty Trust (SBR) as of Q4 2020, down from 71 in Q3 2020.
- Funds reported $38.5M of Sabine Royalty Trust stock for Q4 2020, up 0.19% quarter-over-quarter.
- 9 funds opened new Sabine Royalty Trust positions in Q4 2020 and 10 closed out, a net change of -1 holder.
- The largest Sabine Royalty Trust buyer in Q4 2020 was Morgan Stanley, an estimated $780K added.
- The largest Sabine Royalty Trust seller in Q4 2020 was Northern Trust, an estimated $407K sold.
Based on aggregated 13F filings for Q4 2020.