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SJT

San Juan Basin Royalty Trust
SJT

78 hedge funds and large institutions have $88.6M invested in San Juan Basin Royalty Trust in 2016 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 30 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more call options, than puts

Call options by funds: $182K | Put options by funds: $120K

36% more capital invested

Capital invested by funds: $65.3M → $88.6M (+$23.3M)

1.04% less ownership

Funds ownership: 27.21% → 26.17% (-1%)

4% less funds holding

Funds holding: 81 → 78 (-3)

20% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 10

63% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 30

Holders
78
Holders Change
-3
Holders Change %
-3.7%
% of All Funds
2.08%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
11
Reduced
30
Closed
10
Calls
$182K
Puts
$120K
Net Calls
+$62K
Net Calls Change
+$179K

Top Buyers

Rank Fund Capital Flow
1
MFP
Michael F. Price
+$314K
2
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$196K
3
EEG
E.E. Geduld
+$162K
4
WS
Wedbush Securities
California
+$72.1K
5
CFB
Cullen/Frost Bankers
Texas
+$67.1K

Top Sellers

Rank Fund Capital Flow
1
PRHC
P.R. Herzig & Co
New York
-$776K
2
Wells Fargo
Wells Fargo
California
-$570K
3
BMO
Beck Mack & Oliver
New York
-$442K
4
UBS Group
UBS Group
Switzerland
-$345K
5
Morgan Stanley
Morgan Stanley
New York
-$320K
Name Holding Trade Value Shares
Change 		Change in
Stake
EEG
26
E.E. Geduld
$182K +$162K +25,000 New
BIM
27
Baldwin Investment Management
Pennsylvania
$175K – – –
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$168K -$1.42K -219 -0.9%
UCFA
29
United Capital Financial Advisors
Texas
$167K -$9.69K -1,500 -6%
EFSCE
30
Enterprise Financial Services Corp (EFSC)
Missouri
$153K – – –
Deutsche Bank
31
Deutsche Bank
Germany
$146K -$46.9K -7,261 -26%
DI
32
Diligent Investors
California
$120K -$6.02K -932 -5%
SBIA
33
Sheaff Brock Investment Advisors
Indiana
$116K – – –
Renaissance Technologies
34
Renaissance Technologies
New York
$110K -$74.3K -11,500 -43%
Wells Fargo
35
Wells Fargo
California
$108K -$570K -88,187 -86%
William Blair & Company
36
William Blair & Company
Illinois
$102K – – –
CCS
37
Crosspoint Capital Strategies
California
$100K -$76.7K -11,877 -46%
BFIM
38
Beese Fulmer Investment Management
Ohio
$92K -$29.1K -4,500 -26%
SPC
39
Sigma Planning Corp
Michigan
$90K -$4.76K -737 -6%
Millennium Management
40
Millennium Management
New York
$85K -$165K -25,538 -69%
LPL Financial
41
LPL Financial
California
$84K -$75.7K -11,712 -50%
EHC
42
Everett Harris & Co
California
$81K – – –
WS
43
Wedbush Securities
California
$81K +$72.1K +11,165 New
CFB
44
Cullen/Frost Bankers
Texas
$76K +$67.1K +10,391 New
AG
45
Advisor Group
Arizona
$62K +$55.9K +8,655 New
RBC
46
Roble Belko & Company
Pennsylvania
$44K +$39.4K +6,100 New
Royal Bank of Canada
47
Royal Bank of Canada
Ontario, Canada
$42K -$11K -1,705 -23%
MRCM
48
M&R Capital Management
New Jersey
$36K +$32.3K +5,000 New
US Bancorp
49
US Bancorp
Minnesota
$27K – – –
EWM
50
Evercore Wealth Management
New York
$22K – – –
1
2
3 4

SJT Hedge Fund Activity: Q2 2016 in Review

78 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in San Juan Basin Royalty Trust (SJT) for Q2 2016, worth a combined $88.6M — up 36% from $65.3M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of SJT and 8 opened new positions — a net loss of 2 holders — while 30 trimmed existing stakes and 11 added.

The largest buyer was Michael F. Price, adding an estimated $314K. The largest seller was P.R. Herzig & Co, cutting an estimated $776K.

  • 78 institutional investors held San Juan Basin Royalty Trust (SJT) as of Q2 2016, down from 81 in Q1 2016.
  • Funds reported $88.6M of San Juan Basin Royalty Trust stock for Q2 2016, up 36% quarter-over-quarter.
  • 8 funds opened new San Juan Basin Royalty Trust positions in Q2 2016 and 10 closed out, a net change of -2 holders.
  • The largest San Juan Basin Royalty Trust buyer in Q2 2016 was Michael F. Price, an estimated $314K added.
  • The largest San Juan Basin Royalty Trust seller in Q2 2016 was P.R. Herzig & Co, an estimated $776K sold.

Based on aggregated 13F filings for Q2 2016.