Sabine Royalty Trust
60 hedge funds and large institutions have $38.1M invested in Sabine Royalty Trust in 2016 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 15 increasing their positions, 20 reducing their positions, and 9 closing their positions.
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
9% more capital invested
Capital invested by funds: $34.8M → $38.1M (+$3.25M)
0% more funds holding
Funds holding: 60 → 60 (0)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.27% less ownership
Funds ownership: 9.1% → 8.82% (-0.27%)
25% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HK
Horizon Kinetics
New York
|
+$1.36M |
| 2 |
RA
Royce & Associates
New York
|
+$940K |
| 3 |
GIM
Greylin Investment Management
Orange,
Virginia
|
+$877K |
| 4 |
FSA
Franklin Street Advisors
Chapel Hill,
North Carolina
|
+$607K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$435K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Lucas Capital Management
Red Bank,
New Jersey
|
-$854K |
| 2 |
Two Sigma Investments
New York
|
-$845K |
| 3 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$802K |
| 4 |
BAC
Boys Arnold & Co
Asheville,
North Carolina
|
-$670K |
| 5 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$483K |
SBR Hedge Fund Activity: Q1 2016 in Review
60 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Sabine Royalty Trust (SBR) for Q1 2016, worth a combined $38.1M — up 9.3% from $34.8M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new SBR positions and 9 closed out — a net gain of 1 holder — while 15 added to existing stakes and 20 trimmed.
The largest buyer was Horizon Kinetics, opening a new position worth an estimated $1.36M. The largest seller was Lucas Capital Management, cutting an estimated $854K.
- 60 institutional investors held Sabine Royalty Trust (SBR) as of Q1 2016, unchanged from Q4 2015.
- Funds reported $38.1M of Sabine Royalty Trust stock for Q1 2016, up 9.3% quarter-over-quarter.
- 10 funds opened new Sabine Royalty Trust positions in Q1 2016 and 9 closed out, a net change of +1 holder.
- The largest Sabine Royalty Trust buyer in Q1 2016 was Horizon Kinetics, an estimated $1.36M added.
- The largest Sabine Royalty Trust seller in Q1 2016 was Lucas Capital Management, an estimated $854K sold.
Based on aggregated 13F filings for Q1 2016.