San Juan Basin Royalty Trust
SJT
94 hedge funds and large institutions have $266M invested in San Juan Basin Royalty Trust in 2014 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 31 increasing their positions, 25 reducing their positions, and 13 closing their positions.
24% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 25
0.58% more ownership
Funds ownership: 29.58% → 30.17% (+0.58%)
0% more capital invested
Capital invested by funds: $266M → $266M (+$294K)
7% less funds holding
Funds holding: 101 → 94 (-7)
46% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 13
70% less call options, than puts
Call options by funds: $420K | Put options by funds: $1.38M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Eagle Investment Management
New York
|
+$2.81M |
| 2 |
BMO
Beck Mack & Oliver
New York
|
+$2.28M |
| 3 |
SCM
Seamans Capital Management
Boston,
Massachusetts
|
+$1.71M |
| 4 |
WJA
Williams Jones & Associates
New York
|
+$1.2M |
| 5 |
PCM
Palisade Capital Management
Fort Lee,
New Jersey
|
+$1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$3.46M |
| 2 |
Northern Trust
Chicago,
Illinois
|
-$879K |
| 3 |
Two Sigma Investments
New York
|
-$721K |
| 4 |
ANTB
AMG National Trust Bank
Greenwood Village,
Colorado
|
-$631K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$470K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
LPL Financial
San Diego,
California
| – | -$200K | -10,380 | Closed |
|
|
DAM
102
Delta Asset Management
Memphis,
Tennessee
| – | -$48K | -2,504 | Closed |
|
|
EWM
103
Evercore Wealth Management
New York
| – | -$48K | -2,500 | Closed |
|
|
BRWA
104
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$28.5K | -1,475 | Closed |
|
|
TRCT
105
Tower Research Capital (TRC)
New York
| – | -$6K | -300 | Closed |
|
SJT Hedge Fund Activity: Q3 2014 in Review
94 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in San Juan Basin Royalty Trust (SJT) for Q3 2014, worth a combined $266M — up 0.11% from $266M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of SJT and 7 opened new positions — a net loss of 6 holders — while 25 trimmed existing stakes and 31 added.
The largest buyer was First Eagle Investment Management, adding an estimated $2.81M. The largest seller was Bank of America, cutting an estimated $3.46M.
- 94 institutional investors held San Juan Basin Royalty Trust (SJT) as of Q3 2014, down from 101 in Q2 2014.
- Funds reported $266M of San Juan Basin Royalty Trust stock for Q3 2014, up 0.11% quarter-over-quarter.
- 7 funds opened new San Juan Basin Royalty Trust positions in Q3 2014 and 13 closed out, a net change of -6 holders.
- The largest San Juan Basin Royalty Trust buyer in Q3 2014 was First Eagle Investment Management, an estimated $2.81M added.
- The largest San Juan Basin Royalty Trust seller in Q3 2014 was Bank of America, an estimated $3.46M sold.
Based on aggregated 13F filings for Q3 2014.