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SBR

Sabine Royalty Trust
SBR

147 hedge funds and large institutions have $178M invested in Sabine Royalty Trust in 2025 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 39 increasing their positions, 31 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

240% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 5

35% more capital invested

Capital invested by funds: $132M → $178M (+$46M)

26% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 31

8% more funds holding

Funds holding: 136 → 147 (+11)

1.8% more ownership

Funds ownership: 13.55% → 15.35% (+1.8%)

Holders
147
Holders Change
+11
Holders Change %
+8.09%
% of All Funds
1.93%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
39
Reduced
31
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AP
Americana Partners
Texas
+$16.2M
2
PFS
Prospera Financial Services
Texas
+$1.92M
3
HF
HRT Financial
New York
+$1.7M
4
Morgan Stanley
Morgan Stanley
New York
+$1.49M
5
Walleye Capital
Walleye Capital
New York
+$1.27M

Top Sellers

Rank Fund Capital Flow
1
BPA
Beacon Pointe Advisors
California
-$7.88M
2
Marshall Wace
Marshall Wace
United Kingdom
-$1.55M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.48M
4
Wells Fargo
Wells Fargo
California
-$464K
5
Lazard Asset Management
Lazard Asset Management
New York
-$418K
Name Holding Trade Value Shares
Change 		Change in
Stake
GRP
126
Global Retirement Partners
California
$18.9K – – –
Rockefeller Capital Management
127
Rockefeller Capital Management
New York
$18.1K +$16.3K +228 New
SPIA
128
Steward Partners Investment Advisory
New York
$15.9K – – –
W
129
WealthCollab
Washington
$15.5K – – –
FDCDDQ
130
Federation des caisses Desjardins du Quebec
Quebec, Canada
$11.9K – – –
RFG
131
REAP Financial Group
Texas
$11.3K +$10.1K +142 New
QL
132
Quarry LP
New York
$10.1K +$9.07K +127 New
TRCT
133
Tower Research Capital (TRC)
New York
$9.62K +$6K +84 +227%
Comerica Bank
134
Comerica Bank
Texas
$8.42K +$4.14K +58 +121%
MCM
135
Manchester Capital Management
Vermont
$4.37K – – –
BlackRock
136
BlackRock
New York
$3.97K – – –
UB
137
UMB Bank
Missouri
$3.58K – – –
SIS
138
Sound Income Strategies
Florida
$3.51K – – –
PS
139
Principal Securities
Iowa
$3.26K +$1.71K +24 +141%
Barclays
140
Barclays
United Kingdom
$3.26K +$2.93K +41 New
APW
141
Aventura Private Wealth
Florida
$2.7K – – –
FFA
142
Farther Finance Advisors
California
$1.75K – – –
TPCW
143
TD Private Client Wealth
New York
$1.11K +$286 +4 +40%
AssetMark Inc
144
AssetMark Inc
California
$1.03K – – –
Russell Investments Group
145
Russell Investments Group
United Kingdom
$795 – – –
AAP
146
Arax Advisory Partners
Colorado
$158 +$143 +2 New
CAM
147
Creekmur Asset Management
Illinois
$51 – – –
DRP
148
Decker Retirement Planning
Utah
$27 – – –
Marshall Wace
149
Marshall Wace
United Kingdom
– -$1.55M -23,172 Closed
Lazard Asset Management
150
Lazard Asset Management
New York
– -$418K -6,274 Closed
3 4 5
6
7

SBR Hedge Fund Activity: Q3 2025 in Review

147 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Sabine Royalty Trust (SBR) for Q3 2025, worth a combined $178M — up 35% from $132M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new SBR positions and 5 closed out — a net gain of 12 holders — while 39 added to existing stakes and 31 trimmed.

The largest buyer was Americana Partners, adding an estimated $16.2M. The largest seller was Beacon Pointe Advisors, cutting an estimated $7.88M.

  • 147 institutional investors held Sabine Royalty Trust (SBR) as of Q3 2025, up from 136 in Q2 2025.
  • Funds reported $178M of Sabine Royalty Trust stock for Q3 2025, up 35% quarter-over-quarter.
  • 17 funds opened new Sabine Royalty Trust positions in Q3 2025 and 5 closed out, a net change of +12 holders.
  • The largest Sabine Royalty Trust buyer in Q3 2025 was Americana Partners, an estimated $16.2M added.
  • The largest Sabine Royalty Trust seller in Q3 2025 was Beacon Pointe Advisors, an estimated $7.88M sold.

Based on aggregated 13F filings for Q3 2025.