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SJT

San Juan Basin Royalty Trust
SJT

85 hedge funds and large institutions have $55.8M invested in San Juan Basin Royalty Trust in 2018 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 16 increasing their positions, 21 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.15% less ownership

Funds ownership: 25.29% → 24.13% (-1.2%)

2% less funds holding

Funds holding: 87 → 85 (-2)

14% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 14

18% less capital invested

Capital invested by funds: $68.3M → $55.8M (-$12.4M)

24% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 21

86% less call options, than puts

Call options by funds: $83K | Put options by funds: $593K

Holders
85
Holders Change
-2
Holders Change %
-2.3%
% of All Funds
1.94%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
16
Reduced
21
Closed
14
Calls
$83K
Puts
$593K
Net Calls
-$510K
Net Calls Change
-$639K

Top Buyers

Rank Fund Capital Flow
1
Deutsche Bank
Deutsche Bank
Germany
+$835K
2
Marshall Wace
Marshall Wace
United Kingdom
+$457K
3
GCP
GSA Capital Partners
United Kingdom
+$390K
4
Wolverine Trading
Wolverine Trading
Illinois
+$177K
5
Renaissance Technologies
Renaissance Technologies
New York
+$169K

Top Sellers

Rank Fund Capital Flow
1
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$1.49M
2
BMO
Beck Mack & Oliver
New York
-$1.19M
3
RA
Royce & Associates
New York
-$619K
4
MGAM
McGowan Group Asset Management
Texas
-$575K
5
MWNA
Marshall Wace North America
New York
-$415K
Name Holding Trade Value Shares
Change 		Change in
Stake
SAM
26
Stansberry Asset Management
Texas
$191K -$9.01K -1,572 -4%
RJFSA
27
Raymond James Financial Services Advisors
Florida
$187K -$15K -2,618 -7%
Bank of Montreal
28
Bank of Montreal
Ontario, Canada
$157K – – –
Wolverine Trading
29
Wolverine Trading
Illinois
$153K +$177K +30,887 New
UCFA
30
United Capital Financial Advisors
Texas
$147K -$10.3K -1,800 -6%
AIM
31
Advantage Investment Management
Iowa
$144K +$63.7K +11,114 +62%
KS
32
Karpas Strategies
Connecticut
$125K +$7.45K +1,300 +5%
PGCM
33
Prescott Group Capital Management
Oklahoma
$119K +$138K +24,000 New
First Manhattan
34
First Manhattan
New York
$113K -$66.8K -11,650 -34%
KA
35
Kovack Advisors
Florida
$108K +$124K +21,700 New
EFSCE
36
Enterprise Financial Services Corp (EFSC)
Missouri
$104K – – –
EHC
37
Everett Harris & Co
California
$94K – – –
Citadel Advisors
38
Citadel Advisors
Florida
$87K +$101K +17,553 New
Commonwealth Equity Services
39
Commonwealth Equity Services
Massachusetts
$85K -$9.38K -1,637 -9%
SBIA
40
Sheaff Brock Investment Advisors
Indiana
$81K – – –
PAG
41
Private Advisor Group
New Jersey
$80K +$93K +16,230 New
William Blair & Company
42
William Blair & Company
Illinois
$73K – – –
SCM
43
Stuyvesant Capital Management
New York
$71K -$4.3K -750 -5%
LPL Financial
44
LPL Financial
California
$70K +$80.5K +14,056 New
SPC
45
Sigma Planning Corp
Michigan
$69K -$5.73K -1,000 -7%
DI
46
Diligent Investors
California
$68K – – –
WA
47
WBH Advisory
Maryland
$66K +$76.3K +13,320 New
Millennium Management
48
Millennium Management
New York
$65K -$10.9K -1,898 -13%
SAM
49
Summit Asset Management
Tennessee
$64K – – –
State Street
50
State Street
Massachusetts
$60K -$3.77K -657 -5%
1
2
3 4

SJT Hedge Fund Activity: Q3 2018 in Review

85 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in San Juan Basin Royalty Trust (SJT) for Q3 2018, worth a combined $55.8M — down 18% from $68.3M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of SJT and 12 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 16 added.

The largest buyer was Deutsche Bank, adding an estimated $835K. The largest seller was Arrowstreet Capital, cutting an estimated $1.49M.

  • 85 institutional investors held San Juan Basin Royalty Trust (SJT) as of Q3 2018, down from 87 in Q2 2018.
  • Funds reported $55.8M of San Juan Basin Royalty Trust stock for Q3 2018, down 18% quarter-over-quarter.
  • 12 funds opened new San Juan Basin Royalty Trust positions in Q3 2018 and 14 closed out, a net change of -2 holders.
  • The largest San Juan Basin Royalty Trust buyer in Q3 2018 was Deutsche Bank, an estimated $835K added.
  • The largest San Juan Basin Royalty Trust seller in Q3 2018 was Arrowstreet Capital, an estimated $1.49M sold.

Based on aggregated 13F filings for Q3 2018.