Sabine Royalty Trust
143 hedge funds and large institutions have $151M invested in Sabine Royalty Trust in 2025 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 40 increasing their positions, 34 reducing their positions, and 20 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 34
0.2% less ownership
Funds ownership: 15.35% → 15.15% (-0.2%)
5% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 20
3% less funds holding
Funds holding: 147 → 143 (-4)
15% less capital invested
Capital invested by funds: $178M → $151M (-$26.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$7.32M |
| 2 |
Morgan Stanley
New York
|
+$1.17M |
| 3 |
Lazard Asset Management
New York
|
+$1.14M |
| 4 |
JP Morgan Chase
New York
|
+$1.02M |
| 5 |
P
&Partners
Nashville,
Tennessee
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fayez Sarofim & Co
Houston,
Texas
|
-$3.83M |
| 2 |
Two Sigma Investments
New York
|
-$3.5M |
| 3 |
Walleye Capital
New York
|
-$1.41M |
| 4 |
TCA
Transcend Capital Advisors
Madison,
New Jersey
|
-$1.15M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$1.11M |
SBR Hedge Fund Activity: Q4 2025 in Review
143 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Sabine Royalty Trust (SBR) for Q4 2025, worth a combined $151M — down 15% from $178M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of SBR and 19 opened new positions — a net loss of 1 holder — while 34 trimmed existing stakes and 40 added.
The largest buyer was Prospera Financial Services, adding an estimated $7.32M. The largest seller was Fayez Sarofim & Co, cutting an estimated $3.83M.
- 143 institutional investors held Sabine Royalty Trust (SBR) as of Q4 2025, down from 147 in Q3 2025.
- Funds reported $151M of Sabine Royalty Trust stock for Q4 2025, down 15% quarter-over-quarter.
- 19 funds opened new Sabine Royalty Trust positions in Q4 2025 and 20 closed out, a net change of -1 holder.
- The largest Sabine Royalty Trust buyer in Q4 2025 was Prospera Financial Services, an estimated $7.32M added.
- The largest Sabine Royalty Trust seller in Q4 2025 was Fayez Sarofim & Co, an estimated $3.83M sold.
Based on aggregated 13F filings for Q4 2025.