San Juan Basin Royalty Trust
SJT
94 hedge funds and large institutions have $196M invested in San Juan Basin Royalty Trust in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 25 increasing their positions, 26 reducing their positions, and 11 closing their positions.
0.26% less ownership
Funds ownership: 26.59% → 26.34% (-0.26%)
1% less capital invested
Capital invested by funds: $199M → $196M (-$2.83M)
4% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 26
3% less funds holding
Funds holding: 97 → 94 (-3)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
77% less call options, than puts
Call options by funds: $717K | Put options by funds: $3.15M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BMO
Beck Mack & Oliver
New York
|
+$11.3M |
| 2 |
SCCM
Schafer Cullen Capital Management
New York
|
+$993K |
| 3 |
First Eagle Investment Management
New York
|
+$920K |
| 4 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$869K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$669K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$6.82M |
| 2 |
MWR
McAdams Wright Ragen
Seattle,
Washington
|
-$3.37M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.54M |
| 4 |
IWC
Integrated Wealth Counsel
Carmel,
California
|
-$1.37M |
| 5 |
ANTB
AMG National Trust Bank
Greenwood Village,
Colorado
|
-$990K |
SJT Hedge Fund Activity: Q3 2013 in Review
94 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in San Juan Basin Royalty Trust (SJT) for Q3 2013, worth a combined $196M — down 1.4% from $199M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of SJT and 8 opened new positions — a net loss of 3 holders — while 26 trimmed existing stakes and 25 added.
The largest buyer was Beck Mack & Oliver, adding an estimated $11.3M. The largest seller was Wellington Management Group, exiting entirely with an estimated $6.82M sold.
- 94 institutional investors held San Juan Basin Royalty Trust (SJT) as of Q3 2013, down from 97 in Q2 2013.
- Funds reported $196M of San Juan Basin Royalty Trust stock for Q3 2013, down 1.4% quarter-over-quarter.
- 8 funds opened new San Juan Basin Royalty Trust positions in Q3 2013 and 11 closed out, a net change of -3 holders.
- The largest San Juan Basin Royalty Trust buyer in Q3 2013 was Beck Mack & Oliver, an estimated $11.3M added.
- The largest San Juan Basin Royalty Trust seller in Q3 2013 was Wellington Management Group, an estimated $6.82M sold.
Based on aggregated 13F filings for Q3 2013.