Sabine Royalty Trust
60 hedge funds and large institutions have $34.8M invested in Sabine Royalty Trust in 2015 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 15 reducing their positions, and 11 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 15
0.17% more ownership
Funds ownership: 8.93% → 9.1% (+0.17%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less funds holding
Funds holding: 65 → 60 (-5)
13% less capital invested
Capital invested by funds: $39.8M → $34.8M (-$5.01M)
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$891K |
| 2 |
BAC
Boys Arnold & Co
Asheville,
North Carolina
|
+$796K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$742K |
| 4 |
Two Sigma Investments
New York
|
+$457K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$384K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Lucas Capital Management
Red Bank,
New Jersey
|
-$1.29M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$550K |
| 3 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$491K |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$376K |
| 5 |
Renaissance Technologies
New York
|
-$368K |
SBR Hedge Fund Activity: Q4 2015 in Review
60 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Sabine Royalty Trust (SBR) for Q4 2015, worth a combined $34.8M — down 13% from $39.8M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of SBR and 6 opened new positions — a net loss of 5 holders — while 15 trimmed existing stakes and 21 added.
The largest buyer was Royce & Associates, opening a new position worth an estimated $891K. The largest seller was Lucas Capital Management, cutting an estimated $1.29M.
- 60 institutional investors held Sabine Royalty Trust (SBR) as of Q4 2015, down from 65 in Q3 2015.
- Funds reported $34.8M of Sabine Royalty Trust stock for Q4 2015, down 13% quarter-over-quarter.
- 6 funds opened new Sabine Royalty Trust positions in Q4 2015 and 11 closed out, a net change of -5 holders.
- The largest Sabine Royalty Trust buyer in Q4 2015 was Royce & Associates, an estimated $891K added.
- The largest Sabine Royalty Trust seller in Q4 2015 was Lucas Capital Management, an estimated $1.29M sold.
Based on aggregated 13F filings for Q4 2015.