Sabine Royalty Trust
120 hedge funds and large institutions have $120M invested in Sabine Royalty Trust in 2023 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 26 increasing their positions, 28 reducing their positions, and 15 closing their positions.
0.6% less ownership
Funds ownership: 13.1% → 12.5% (-0.6%)
5% less capital invested
Capital invested by funds: $126M → $120M (-$5.88M)
7% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 28
2% less funds holding
Funds holding: 123 → 120 (-3)
20% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
+$3.16M |
| 2 |
RWP
RWA Wealth Partners
Newton,
Massachusetts
|
+$671K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$670K |
| 4 |
GIM
Greylin Investment Management
Orange,
Virginia
|
+$598K |
| 5 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$536K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$2.04M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.02M |
| 3 |
Morgan Stanley
New York
|
-$1.71M |
| 4 |
Walleye Capital
New York
|
-$994K |
| 5 |
BF
BOK Financial
Tulsa,
Oklahoma
|
-$985K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
126
Marshall Wace
London,
United Kingdom
| – | -$437K | -6,623 | Closed |
|
127
Millennium Management
New York
| – | -$435K | -6,591 | Closed |
|
|
KAS
128
Kestra Advisory Services
Austin,
Texas
| – | -$306K | -4,634 | Closed |
|
|
VF
129
Virtu Financial
New York
| – | -$299K | -4,533 | Closed |
|
|
AA
130
ALPS Advisors
Denver,
Colorado
| – | -$283K | -4,292 | Closed |
|
|
V
131
Veritable
Wilmington,
Delaware
| – | -$239K | -3,617 | Closed |
|
|
OP
132
ORG Partners
Roanoke,
Indiana
| – | -$13.5K | -200 | Closed |
|
|
SWM
133
Spire Wealth Management
Mclean,
Virginia
| – | -$7.34K | -111 | Closed |
|
|
ST
134
Smithfield Trust
Pittsburgh,
Pennsylvania
| – | -$4K | -59 | Closed |
|
|
WWM
135
Wolff Wiese Magana
Carslbad,
California
| – | -$2.24K | -34 | Closed |
|
136
Fidelity Investments
Boston,
Massachusetts
| – | -$462 | -7 | Closed |
|
SBR Hedge Fund Activity: Q3 2023 in Review
120 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Sabine Royalty Trust (SBR) for Q3 2023, worth a combined $120M — down 4.7% from $126M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of SBR and 12 opened new positions — a net loss of 3 holders — while 28 trimmed existing stakes and 26 added.
The largest buyer was Beacon Pointe Advisors, adding an estimated $3.16M. The largest seller was Citadel Advisors, cutting an estimated $2.04M.
- 120 institutional investors held Sabine Royalty Trust (SBR) as of Q3 2023, down from 123 in Q2 2023.
- Funds reported $120M of Sabine Royalty Trust stock for Q3 2023, down 4.7% quarter-over-quarter.
- 12 funds opened new Sabine Royalty Trust positions in Q3 2023 and 15 closed out, a net change of -3 holders.
- The largest Sabine Royalty Trust buyer in Q3 2023 was Beacon Pointe Advisors, an estimated $3.16M added.
- The largest Sabine Royalty Trust seller in Q3 2023 was Citadel Advisors, an estimated $2.04M sold.
Based on aggregated 13F filings for Q3 2023.