San Juan Basin Royalty Trust
SJT
100 hedge funds and large institutions have $248M invested in San Juan Basin Royalty Trust in 2014 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 24 increasing their positions, 32 reducing their positions, and 7 closing their positions.
100% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 7
33% more call options, than puts
Call options by funds: $2.58M | Put options by funds: $1.94M
9% more capital invested
Capital invested by funds: $227M → $248M (+$21.2M)
6% more funds holding
Funds holding: 94 → 100 (+6)
1.08% more ownership
Funds ownership: 29.12% → 30.2% (+1.1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
25% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BMO
Beck Mack & Oliver
New York
|
+$10.1M |
| 2 |
US Bancorp
Minneapolis,
Minnesota
|
+$3.65M |
| 3 |
WJA
Williams Jones & Associates
New York
|
+$1.37M |
| 4 |
MWR
McAdams Wright Ragen
Seattle,
Washington
|
+$984K |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$796K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$7.24M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$4.71M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$718K |
| 4 |
Morgan Stanley
New York
|
-$268K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$268K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
101
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$718K | -41,369 | Closed |
|
|
102
Invesco
Atlanta,
Georgia
| – | -$268K | -16,000 | Closed |
|
|
CS
103
Credit Suisse
Zurich,
Switzerland
| – | -$193K | -11,500 | Closed |
|
|
RA
104
Royce & Associates
New York
| – | -$15K | -920 | Closed |
|
|
IWC
105
Integrated Wealth Counsel
Carmel,
California
| – | -$4K | -228 | Closed |
|
|
BFEC
106
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$3K | -165 | Closed |
|
|
MAS
107
Madden Advisory Services
Jacksonville,
Florida
| – | -$17 | -1 | -50% |
|
SJT Hedge Fund Activity: Q1 2014 in Review
100 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in San Juan Basin Royalty Trust (SJT) for Q1 2014, worth a combined $248M — up 9.3% from $227M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new SJT positions and 7 closed out — a net gain of 7 holders — while 24 added to existing stakes and 32 trimmed.
The largest buyer was Beck Mack & Oliver, adding an estimated $10.1M. The largest seller was Bank of America, cutting an estimated $7.24M.
- 100 institutional investors held San Juan Basin Royalty Trust (SJT) as of Q1 2014, up from 94 in Q4 2013.
- Funds reported $248M of San Juan Basin Royalty Trust stock for Q1 2014, up 9.3% quarter-over-quarter.
- 14 funds opened new San Juan Basin Royalty Trust positions in Q1 2014 and 7 closed out, a net change of +7 holders.
- The largest San Juan Basin Royalty Trust buyer in Q1 2014 was Beck Mack & Oliver, an estimated $10.1M added.
- The largest San Juan Basin Royalty Trust seller in Q1 2014 was Bank of America, an estimated $7.24M sold.
Based on aggregated 13F filings for Q1 2014.