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SBR

Sabine Royalty Trust

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: 136147 (+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
Name Holding Trade Value Shares
Change
Change in
Stake
AP
1
Americana Partners
Texas
$21M +$16.2M +227,249 +612%
Luther King Capital Management (LKCM)
2
Luther King Capital Management (LKCM)
Texas
$11.4M
Fayez Sarofim & Co
3
Fayez Sarofim & Co
Texas
$10.7M
Morgan Stanley
4
Morgan Stanley
New York
$8.85M +$1.49M +20,903 +23%
HKAM
5
Horizon Kinetics Asset Management
New York
$8.69M -$7.92K -111 -0.1%
BPA
6
Beacon Pointe Advisors
California
$6.8M -$7.88M -110,310 -56%
Two Sigma Investments
7
Two Sigma Investments
New York
$5.84M +$1.24M +17,385 +31%
HFS
8
Howard Financial Services
Texas
$5.4M +$9K +126 +0.2%
PFS
9
Prospera Financial Services
Texas
$4.6M +$1.92M +26,859 +86%
Commonwealth Equity Services
10
Commonwealth Equity Services
Massachusetts
$3.77M +$1.13M +15,890 +50%
Bank of America
11
Bank of America
North Carolina
$3.18M +$823K +11,527 +40%
MNBTD
12
Moody National Bank Trust Division
Texas
$2.8M
CCM
13
Chilton Capital Management
Texas
$2.79M -$24.6K -345 -1%
SCM
14
SCS Capital Management
Massachusetts
$2.47M
Citadel Advisors
15
Citadel Advisors
Florida
$2.47M +$357K +4,995 +19%
CAL
16
Capital Analysts LLC
Pennsylvania
$2.22M +$35.3K +495 +2%
CMI
17
Clare Market Investments
Texas
$2.2M
LPL Financial
18
LPL Financial
California
$2.11M +$257K +3,600 +16%
CIA
19
Concurrent Investment Advisors
Florida
$1.97M -$43.2K -605 -2%
V
20
VeraBank
Texas
$1.91M
HF
21
HRT Financial
New York
$1.9M +$1.7M +23,855 New
MAA
22
Mraz Amerine & Associates
California
$1.88M -$58.9K -825 -3%
UIC
23
Uniplan Investment Counsel
Wisconsin
$1.86M +$753K +10,546 +82%
GSCM
24
Greenfield Seitz Capital Management
Texas
$1.84M
PGFC
25
Peapack-Gladstone Financial Corp
New Jersey
$1.77M +$2.64K +37 +0.2%

SBR Hedge Fund Activity: Q3 2025 in Review

147 of the 7,619 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.