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SBR

Sabine Royalty Trust
SBR

75 hedge funds and large institutions have $59.6M invested in Sabine Royalty Trust in 2017 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 15 increasing their positions, 21 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 4

14% more capital invested

Capital invested by funds: $52.3M → $59.6M (+$7.33M)

10% more funds holding

Funds holding: 68 → 75 (+7)

0.38% more ownership

Funds ownership: 8.8% → 9.18% (+0.38%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

29% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 21

Holders
75
Holders Change
+7
Holders Change %
+10.29%
% of All Funds
1.7%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
11
Increased
15
Reduced
21
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WCM
Wildcat Capital Management
New York
+$2.27M
2
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
+$747K
3
California Public Employees Retirement System
California Public Employees Retirement System
California
+$333K
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$306K
5
VF
Virtu Financial
New York
+$253K

Top Sellers

Rank Fund Capital Flow
1
Deutsche Bank
Deutsche Bank
Germany
-$529K
2
Renaissance Technologies
Renaissance Technologies
New York
-$420K
3
Two Sigma Investments
Two Sigma Investments
New York
-$356K
4
HC
Hawkins Capital
Texas
-$354K
5
LCM
Lucas Capital Management
New Jersey
-$211K
Name Holding Trade Value Shares
Change 		Change in
Stake
WCM
1
Wildcat Capital Management
New York
$10.6M +$2.27M +53,317 +29%
Fayez Sarofim & Co
2
Fayez Sarofim & Co
Texas
$6.75M +$53.2K +1,249 +0.8%
RA
3
Royce & Associates
New York
$3.09M -$14.7K -344 -0.5%
CCM
4
Chilton Capital Management
Texas
$2.97M -$178K -4,170 -6%
LCM
5
Lucas Capital Management
New Jersey
$2.62M -$211K -4,944 -8%
Creative Planning
6
Creative Planning
Kansas
$1.93M -$6.39K -150 -0.3%
HK
7
Horizon Kinetics
New York
$1.9M -$108K -2,539 -6%
California Public Employees Retirement System
8
California Public Employees Retirement System
California
$1.67M +$333K +7,820 +26%
ANBT
9
American National Bank & Trust
Texas
$1.61M – – –
Deutsche Bank
10
Deutsche Bank
Germany
$1.59M -$529K -12,400 -26%
MAA
11
Mraz Amerine & Associates
California
$1.57M -$34K -798 -2%
Renaissance Technologies
12
Renaissance Technologies
New York
$1.46M -$420K -9,863 -23%
Bank of America
13
Bank of America
North Carolina
$1.37M -$56.5K -1,326 -4%
Commonwealth Equity Services
14
Commonwealth Equity Services
Massachusetts
$1.17M +$747K +17,536 +202%
CIA
15
Capital Investment Advisors
Georgia
$1.09M -$35K -820 -3%
Morgan Stanley
16
Morgan Stanley
New York
$982K +$52.6K +1,234 +6%
PAG
17
Pinnacle Advisory Group
Maryland
$979K – – –
FSA
18
Franklin Street Advisors
North Carolina
$892K – – –
Stifel Financial
19
Stifel Financial
Missouri
$875K +$5.97K +140 +0.7%
NIA
20
Northstar Investment Advisors
Colorado
$809K – – –
Two Sigma Advisers
21
Two Sigma Advisers
New York
$715K -$8.44K -198 -1%
UR
22
USCA RIA
Texas
$700K -$63.9K -1,500 -9%
Wells Fargo
23
Wells Fargo
California
$670K -$112K -2,617 -15%
UBS Group
24
UBS Group
Switzerland
$667K +$32.2K +755 +5%
MTC
25
McDaniel Terry & Co
Texas
$624K – – –
1
2 3 4

SBR Hedge Fund Activity: Q4 2017 in Review

75 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Sabine Royalty Trust (SBR) for Q4 2017, worth a combined $59.6M — up 14% from $52.3M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new SBR positions and 4 closed out — a net gain of 7 holders — while 15 added to existing stakes and 21 trimmed.

The largest buyer was Wildcat Capital Management, adding an estimated $2.27M. The largest seller was Deutsche Bank, cutting an estimated $529K.

  • 75 institutional investors held Sabine Royalty Trust (SBR) as of Q4 2017, up from 68 in Q3 2017.
  • Funds reported $59.6M of Sabine Royalty Trust stock for Q4 2017, up 14% quarter-over-quarter.
  • 11 funds opened new Sabine Royalty Trust positions in Q4 2017 and 4 closed out, a net change of +7 holders.
  • The largest Sabine Royalty Trust buyer in Q4 2017 was Wildcat Capital Management, an estimated $2.27M added.
  • The largest Sabine Royalty Trust seller in Q4 2017 was Deutsche Bank, an estimated $529K sold.

Based on aggregated 13F filings for Q4 2017.