San Juan Basin Royalty Trust
SJT
59 hedge funds and large institutions have $22.4M invested in San Juan Basin Royalty Trust in 2019 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 15 reducing their positions, and 6 closing their positions.
129% more call options, than puts
Call options by funds: $167K | Put options by funds: $73K
2% less funds holding
Funds holding: 60 → 59 (-1)
1.98% less ownership
Funds ownership: 17.87% → 15.88% (-2%)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
30% less capital invested
Capital invested by funds: $31.9M → $22.4M (-$9.54M)
33% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DIM
Delta Investment Management
San Francisco,
California
|
+$172K |
| 2 |
RA
Royce & Associates
New York
|
+$133K |
| 3 |
CAMG
CWA Asset Management Group
Naples,
Florida
|
+$73K |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$36K |
| 5 |
Two Sigma Investments
New York
|
+$34.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Eagle Investment Management
New York
|
-$2.74M |
| 2 |
KS
Karpas Strategies
Litchfield,
Connecticut
|
-$107K |
| 3 |
Two Sigma Advisers
New York
|
-$86.4K |
| 4 |
BMO
Beck Mack & Oliver
New York
|
-$61.6K |
| 5 |
SAM
Summit Asset Management
Memphis,
Tennessee
|
-$61K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WT
51
Whittier Trust
South Pasadena,
California
| $2K | – | – | – |
|
|
CAL
52
Capital Analysts LLC
Fort Washington,
Pennsylvania
| $1K | – | – | – |
|
|
CFN
53
Cordasco Financial Network
Naples,
Florida
| $1K | – | – | – |
|
|
KS
54
Karpas Strategies
Litchfield,
Connecticut
| – | -$107K | -27,950 | Closed |
|
|
SAM
55
Summit Asset Management
Memphis,
Tennessee
| – | -$61K | -16,000 | Closed |
|
|
SWM
56
SeaCrest Wealth Management
Purchase,
New York
| – | -$40K | -10,326 | Closed |
|
|
TRCT
57
Tower Research Capital (TRC)
New York
| – | -$3K | -787 | Closed |
|
|
AG
58
Aperio Group
Sausalito,
California
| – | -$3K | -709 | Closed |
|
|
DWM
59
Destination Wealth Management
Walnut Creek,
California
| – | -$1K | -333 | Closed |
|
60
Fidelity Investments
Boston,
Massachusetts
| – | +$3 | +1 | +100% |
|
|
MAM
61
Marquette Asset Management
Minneapolis,
Minnesota
| – | +$288 | +100 | New |
|
62
Group One Trading
Chicago,
Illinois
| – | +$409 | +142 | New |
|
SJT Hedge Fund Activity: Q3 2019 in Review
59 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in San Juan Basin Royalty Trust (SJT) for Q3 2019, worth a combined $22.4M — down 30% from $31.9M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of SJT and 5 opened new positions — a net loss of 1 holder — while 15 trimmed existing stakes and 10 added.
The largest buyer was Delta Investment Management, opening a new position worth an estimated $172K. The largest seller was First Eagle Investment Management, cutting an estimated $2.74M.
- 59 institutional investors held San Juan Basin Royalty Trust (SJT) as of Q3 2019, down from 60 in Q2 2019.
- Funds reported $22.4M of San Juan Basin Royalty Trust stock for Q3 2019, down 30% quarter-over-quarter.
- 5 funds opened new San Juan Basin Royalty Trust positions in Q3 2019 and 6 closed out, a net change of -1 holder.
- The largest San Juan Basin Royalty Trust buyer in Q3 2019 was Delta Investment Management, an estimated $172K added.
- The largest San Juan Basin Royalty Trust seller in Q3 2019 was First Eagle Investment Management, an estimated $2.74M sold.
Based on aggregated 13F filings for Q3 2019.