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SJT

San Juan Basin Royalty Trust
SJT

94 hedge funds and large institutions have $196M invested in San Juan Basin Royalty Trust in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 25 increasing their positions, 26 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.26% less ownership

Funds ownership: 26.59% → 26.34% (-0.26%)

1% less capital invested

Capital invested by funds: $199M → $196M (-$2.83M)

4% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 26

3% less funds holding

Funds holding: 97 → 94 (-3)

27% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 11

77% less call options, than puts

Call options by funds: $717K | Put options by funds: $3.15M

Holders
94
Holders Change
-3
Holders Change %
-3.09%
% of All Funds
3.05%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
25
Reduced
26
Closed
11
Calls
$717K
Puts
$3.15M
Net Calls
-$2.43M
Net Calls Change
+$1.06M

Top Buyers

Rank Fund Capital Flow
1
BMO
Beck Mack & Oliver
New York
+$11.3M
2
SCCM
Schafer Cullen Capital Management
New York
+$993K
3
First Eagle Investment Management
First Eagle Investment Management
New York
+$920K
4
CIBC World Market
CIBC World Market
Ontario, Canada
+$869K
5
Wells Fargo
Wells Fargo
California
+$669K

Top Sellers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
-$6.82M
2
MWR
McAdams Wright Ragen
Washington
-$3.37M
3
Bank of America
Bank of America
North Carolina
-$2.54M
4
IWC
Integrated Wealth Counsel
California
-$1.37M
5
ANTB
AMG National Trust Bank
Colorado
-$990K
Name Holding Trade Value Shares
Change 		Change in
Stake
BIM
26
Baldwin Investment Management
Pennsylvania
$531K – – –
LTFS
27
Ladenburg Thalmann Financial Services
Florida
$494K -$8.35K -508 -2%
HNB
28
Huntington National Bank
Ohio
$486K – – –
Royal Bank of Canada
29
Royal Bank of Canada
Ontario, Canada
$473K +$18.1K +1,100 +4%
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$409K +$1.82K +111 +0.4%
OCAM
31
Onex Canada Asset Management
Ontario, Canada
$400K – – –
WF
32
Welch & Forbes
Massachusetts
$392K -$6.57K -400 -2%
NG
33
NatWest Group
United Kingdom
$384K – – –
WC
34
Woodstock Corp
Massachusetts
$374K -$25.5K -1,550 -6%
RPA
35
Rock Point Advisors
Vermont
$355K – – –
TAM
36
Tocqueville Asset Management
New York
$320K – – –
CC
37
Cannell Capital
Wyoming
$317K +$326K +19,818 New
Susquehanna International Group
38
Susquehanna International Group
Pennsylvania
$312K +$321K +19,521 New
BBI
39
Baxter Bros Inc
Connecticut
$298K -$19.7K -1,200 -6%
BCB
40
Brian C. Broderick
$289K -$24.7K -1,500 -8%
JP Morgan Chase
41
JP Morgan Chase
New York
$272K – – –
BFIM
42
Beese Fulmer Investment Management
Ohio
$272K +$81.4K +4,950 +41%
Cambridge Investment Research Advisors
43
Cambridge Investment Research Advisors
Iowa
$271K -$21.5K -1,311 -7%
Invesco
44
Invesco
Georgia
$256K – – –
V
45
Veritable
Delaware
$229K – – –
Janney Montgomery Scott
46
Janney Montgomery Scott
Pennsylvania
$223K +$28.9K +1,756 +14%
SWM
47
Segment Wealth Management
Texas
$214K – – –
RCAG
48
Rehmann Capital Advisory Group
Michigan
$196K +$201K +12,250 New
Millennium Management
49
Millennium Management
New York
$184K -$44.2K -2,689 -19%
LPL Financial
50
LPL Financial
California
$178K – – –
1
2
3 4 5

SJT Hedge Fund Activity: Q3 2013 in Review

94 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in San Juan Basin Royalty Trust (SJT) for Q3 2013, worth a combined $196M — down 1.4% from $199M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of SJT and 8 opened new positions — a net loss of 3 holders — while 26 trimmed existing stakes and 25 added.

The largest buyer was Beck Mack & Oliver, adding an estimated $11.3M. The largest seller was Wellington Management Group, exiting entirely with an estimated $6.82M sold.

  • 94 institutional investors held San Juan Basin Royalty Trust (SJT) as of Q3 2013, down from 97 in Q2 2013.
  • Funds reported $196M of San Juan Basin Royalty Trust stock for Q3 2013, down 1.4% quarter-over-quarter.
  • 8 funds opened new San Juan Basin Royalty Trust positions in Q3 2013 and 11 closed out, a net change of -3 holders.
  • The largest San Juan Basin Royalty Trust buyer in Q3 2013 was Beck Mack & Oliver, an estimated $11.3M added.
  • The largest San Juan Basin Royalty Trust seller in Q3 2013 was Wellington Management Group, an estimated $6.82M sold.

Based on aggregated 13F filings for Q3 2013.