San Juan Basin Royalty Trust
SJT
101 hedge funds and large institutions have $266M invested in San Juan Basin Royalty Trust in 2014 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 30 increasing their positions, 28 reducing their positions, and 8 closing their positions.
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
7% more capital invested
Capital invested by funds: $248M → $266M (+$17.5M)
1% more funds holding
Funds holding: 100 → 101 (+1)
7% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 28
0.62% less ownership
Funds ownership: 30.2% → 29.58% (-0.62%)
72% less call options, than puts
Call options by funds: $676K | Put options by funds: $2.43M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MWR
McAdams Wright Ragen
Seattle,
Washington
|
+$874K |
| 2 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
+$745K |
| 3 |
CIBC World Market
Toronto,
Ontario, Canada
|
+$667K |
| 4 |
Millennium Management
New York
|
+$521K |
| 5 |
Two Sigma Investments
New York
|
+$459K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
US Bancorp
Minneapolis,
Minnesota
|
-$3.33M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$1.28M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$871K |
| 4 |
BMO
Beck Mack & Oliver
New York
|
-$741K |
| 5 |
PM
Penbrook Management
New York
|
-$530K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VKH
101
Virtu KCG Holdings
New York
| – | -$313K | -17,714 | Closed |
|
102
Goldman Sachs
New York
| – | -$260K | -14,745 | Closed |
|
103
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$198K | -11,206 | Closed |
|
|
NCCM
104
Nine Chapters Capital Management
Short Hills,
New Jersey
| – | -$180K | -10,200 | Closed |
|
|
WRM
105
Westport Resources Management
Westport,
Connecticut
| – | -$106K | -6,000 | Closed |
|
|
ECM
106
Estabrook Capital Management
New York
| – | -$15.9K | -900 | Closed |
|
|
DADC
107
D.A. Davidson & Co
Great Falls,
Montana
| – | -$4K | -250 | Closed |
|
|
W
108
Wealthfront
Palo Alto,
California
| – | +$38 | +2 | New |
|
SJT Hedge Fund Activity: Q2 2014 in Review
101 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in San Juan Basin Royalty Trust (SJT) for Q2 2014, worth a combined $266M — up 7.1% from $248M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new SJT positions and 8 closed out — a net gain of 1 holder — while 30 added to existing stakes and 28 trimmed.
The largest buyer was McAdams Wright Ragen, adding an estimated $874K. The largest seller was US Bancorp, cutting an estimated $3.33M.
- 101 institutional investors held San Juan Basin Royalty Trust (SJT) as of Q2 2014, up from 100 in Q1 2014.
- Funds reported $266M of San Juan Basin Royalty Trust stock for Q2 2014, up 7.1% quarter-over-quarter.
- 9 funds opened new San Juan Basin Royalty Trust positions in Q2 2014 and 8 closed out, a net change of +1 holder.
- The largest San Juan Basin Royalty Trust buyer in Q2 2014 was McAdams Wright Ragen, an estimated $874K added.
- The largest San Juan Basin Royalty Trust seller in Q2 2014 was US Bancorp, an estimated $3.33M sold.
Based on aggregated 13F filings for Q2 2014.