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SJT

San Juan Basin Royalty Trust
SJT

76 hedge funds and large institutions have $43.4M invested in San Juan Basin Royalty Trust in 2018 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 22 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

4.73% less ownership

Funds ownership: 24.13% → 19.4% (-4.7%)

11% less funds holding

Funds holding: 85 → 76 (-9)

14% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 22

22% less capital invested

Capital invested by funds: $55.8M → $43.4M (-$12.4M)

29% less call options, than puts

Call options by funds: $337K | Put options by funds: $478K

53% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 17

Holders
76
Holders Change
-9
Holders Change %
-10.59%
% of All Funds
1.69%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
19
Reduced
22
Closed
17
Calls
$337K
Puts
$478K
Net Calls
-$141K
Net Calls Change
+$369K

Top Buyers

Rank Fund Capital Flow
1
ISL
Ingalls & Snyder LLC
New York
+$225K
2
SWM
SeaCrest Wealth Management
New York
+$180K
3
PGCM
Prescott Group Capital Management
Oklahoma
+$106K
4
WP
WealthSource Partners
California
+$92.1K
5
Citadel Advisors
Citadel Advisors
Florida
+$78.1K

Top Sellers

Rank Fund Capital Flow
1
BMO
Beck Mack & Oliver
New York
-$3.25M
2
Deutsche Bank
Deutsche Bank
Germany
-$2.5M
3
Renaissance Technologies
Renaissance Technologies
New York
-$1.88M
4
Morgan Stanley
Morgan Stanley
New York
-$919K
5
Baird Financial Group
Baird Financial Group
Wisconsin
-$877K
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of Montreal
26
Bank of Montreal
Ontario, Canada
$146K -$6.86K -1,300 -4%
UCFA
27
United Capital Financial Advisors
Texas
$143K – – –
RJFSA
28
Raymond James Financial Services Advisors
Florida
$129K -$57.3K -10,856 -29%
KS
29
Karpas Strategies
Connecticut
$125K +$4.22K +800 +3%
First Manhattan
30
First Manhattan
New York
$110K +$792 +150 +0.7%
SAM
31
Summit Asset Management
Tennessee
$106K +$47.5K +9,000 +69%
EFSCE
32
Enterprise Financial Services Corp (EFSC)
Missouri
$101K – – –
EHC
33
Everett Harris & Co
California
$91K – – –
LTFS
34
Ladenburg Thalmann Financial Services
Florida
$87K +$32.8K +6,209 +53%
UBS Group
35
UBS Group
Switzerland
$86K +$32.9K +6,237 +53%
KA
36
Kovack Advisors
Florida
$85K -$21.1K -4,000 -18%
William Blair & Company
37
William Blair & Company
Illinois
$71K – – –
Commonwealth Equity Services
38
Commonwealth Equity Services
Massachusetts
$70K -$12.7K -2,404 -14%
SCM
39
Stuyvesant Capital Management
New York
$68K – – –
SPC
40
Sigma Planning Corp
Michigan
$68K +$1.55K +293 +2%
DI
41
Diligent Investors
California
$62K -$4.28K -810 -6%
State Street
42
State Street
Massachusetts
$61K +$3.29K +624 +5%
BFIM
43
Beese Fulmer Investment Management
Ohio
$52K – – –
Cambridge Investment Research Advisors
44
Cambridge Investment Research Advisors
Iowa
$52K +$56.9K +10,777 New
OCM
45
One Capital Management
California
$48K – – –
AG
46
Advisor Group
Arizona
$41K -$528 -100 -1%
Group One Trading
47
Group One Trading
Illinois
$36K +$39.3K +7,442 New
HT
48
Heritage Trust
Oklahoma
$29K – – –
PI
49
PEAK6 Investments
Illinois
$22K +$23.7K +4,496 New
Royal Bank of Canada
50
Royal Bank of Canada
Ontario, Canada
$13K -$2.27K -430 -14%
1
2
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SJT Hedge Fund Activity: Q4 2018 in Review

76 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in San Juan Basin Royalty Trust (SJT) for Q4 2018, worth a combined $43.4M — down 22% from $55.8M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of SJT and 8 opened new positions — a net loss of 9 holders — while 22 trimmed existing stakes and 19 added.

The largest buyer was Ingalls & Snyder LLC, opening a new position worth an estimated $225K. The largest seller was Beck Mack & Oliver, cutting an estimated $3.25M.

  • 76 institutional investors held San Juan Basin Royalty Trust (SJT) as of Q4 2018, down from 85 in Q3 2018.
  • Funds reported $43.4M of San Juan Basin Royalty Trust stock for Q4 2018, down 22% quarter-over-quarter.
  • 8 funds opened new San Juan Basin Royalty Trust positions in Q4 2018 and 17 closed out, a net change of -9 holders.
  • The largest San Juan Basin Royalty Trust buyer in Q4 2018 was Ingalls & Snyder LLC, an estimated $225K added.
  • The largest San Juan Basin Royalty Trust seller in Q4 2018 was Beck Mack & Oliver, an estimated $3.25M sold.

Based on aggregated 13F filings for Q4 2018.