San Juan Basin Royalty Trust
SJT
94 hedge funds and large institutions have $227M invested in San Juan Basin Royalty Trust in 2013 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 21 increasing their positions, 30 reducing their positions, and 12 closing their positions.
16% more capital invested
Capital invested by funds: $196M → $227M (+$31M)
2.78% more ownership
Funds ownership: 26.34% → 29.12% (+2.8%)
8% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 12
0% more funds holding
Funds holding: 94 → 94 (0)
30% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 30
51% less call options, than puts
Call options by funds: $1.16M | Put options by funds: $2.38M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BMO
Beck Mack & Oliver
New York
|
+$5.8M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$4.62M |
| 3 |
MWR
McAdams Wright Ragen
Seattle,
Washington
|
+$4.28M |
| 4 |
PCM
Palisade Capital Management
Fort Lee,
New Jersey
|
+$2.7M |
| 5 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$794K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$693K |
| 2 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$366K |
| 3 |
Millennium Management
New York
|
-$184K |
| 4 |
VFS
VSR Financial Services
Overland Park,
Kansas
|
-$169K |
| 5 |
NL
NWAM LLC
Mercer Island,
Washington
|
-$166K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HCC
101
Hirtle Callaghan & Co
West Conshohocken,
Pennsylvania
| – | -$32K | -2,000 | Closed |
|
|
LIA
102
LS Investment Advisors
Bloomfield Hills,
Michigan
| – | -$6K | -347 | Closed |
|
103
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$5K | -330 | Closed |
|
|
FMII
104
Farmers & Merchants Investments Inc
Lincoln,
Nebraska
| – | -$5K | -300 | Closed |
|
105
M&T Bank
Buffalo,
New York
| – | -$2K | -150 | Closed |
|
SJT Hedge Fund Activity: Q4 2013 in Review
94 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in San Juan Basin Royalty Trust (SJT) for Q4 2013, worth a combined $227M — up 16% from $196M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new SJT positions and 12 closed out — a net gain of 1 holder — while 21 added to existing stakes and 30 trimmed.
The largest buyer was Beck Mack & Oliver, adding an estimated $5.8M. The largest seller was Morgan Stanley, cutting an estimated $693K.
- 94 institutional investors held San Juan Basin Royalty Trust (SJT) as of Q4 2013, unchanged from Q3 2013.
- Funds reported $227M of San Juan Basin Royalty Trust stock for Q4 2013, up 16% quarter-over-quarter.
- 13 funds opened new San Juan Basin Royalty Trust positions in Q4 2013 and 12 closed out, a net change of +1 holder.
- The largest San Juan Basin Royalty Trust buyer in Q4 2013 was Beck Mack & Oliver, an estimated $5.8M added.
- The largest San Juan Basin Royalty Trust seller in Q4 2013 was Morgan Stanley, an estimated $693K sold.
Based on aggregated 13F filings for Q4 2013.