San Juan Basin Royalty Trust
SJT
76 hedge funds and large institutions have $57M invested in San Juan Basin Royalty Trust in 2015 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 17 increasing their positions, 28 reducing their positions, and 16 closing their positions.
1.41% less ownership
Funds ownership: 30.97% → 29.56% (-1.4%)
6% less funds holding
Funds holding: 81 → 76 (-5)
25% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 16
39% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 28
58% less capital invested
Capital invested by funds: $136M → $57M (-$79.4M)
94% less call options, than puts
Call options by funds: $8K | Put options by funds: $141K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Royce & Associates
New York
|
+$4.38M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$2.52M |
| 3 |
Renaissance Technologies
New York
|
+$2.39M |
| 4 |
Two Sigma Investments
New York
|
+$791K |
| 5 |
PRHC
P.R. Herzig & Co
Roslyn Heights,
New York
|
+$667K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BMO
Beck Mack & Oliver
New York
|
-$9.28M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$1.13M |
| 3 |
Morgan Stanley
New York
|
-$999K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$982K |
| 5 |
First Eagle Investment Management
New York
|
-$688K |
SJT Hedge Fund Activity: Q4 2015 in Review
76 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in San Juan Basin Royalty Trust (SJT) for Q4 2015, worth a combined $57M — down 58% from $136M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of SJT and 12 opened new positions — a net loss of 4 holders — while 28 trimmed existing stakes and 17 added.
The largest buyer was Royce & Associates, adding an estimated $4.38M. The largest seller was Beck Mack & Oliver, cutting an estimated $9.28M.
- 76 institutional investors held San Juan Basin Royalty Trust (SJT) as of Q4 2015, down from 81 in Q3 2015.
- Funds reported $57M of San Juan Basin Royalty Trust stock for Q4 2015, down 58% quarter-over-quarter.
- 12 funds opened new San Juan Basin Royalty Trust positions in Q4 2015 and 16 closed out, a net change of -4 holders.
- The largest San Juan Basin Royalty Trust buyer in Q4 2015 was Royce & Associates, an estimated $4.38M added.
- The largest San Juan Basin Royalty Trust seller in Q4 2015 was Beck Mack & Oliver, an estimated $9.28M sold.
Based on aggregated 13F filings for Q4 2015.