San Juan Basin Royalty Trust
SJT
102 hedge funds and large institutions have $207M invested in San Juan Basin Royalty Trust in 2014 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 27 increasing their positions, 26 reducing their positions, and 10 closing their positions.
100% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 10
9% more funds holding
Funds holding: 94 → 102 (+8)
1.08% more ownership
Funds ownership: 30.17% → 31.24% (+1.1%)
4% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 26
22% less capital invested
Capital invested by funds: $266M → $207M (-$59.1M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
69% less call options, than puts
Call options by funds: $219K | Put options by funds: $696K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
B
Baird
Milwaukee,
Wisconsin
|
+$6.75M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$3.43M |
| 3 |
Renaissance Technologies
New York
|
+$2.43M |
| 4 |
BMO
Beck Mack & Oliver
New York
|
+$2.23M |
| 5 |
Two Sigma Investments
New York
|
+$2.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OA
Oxbow Advisors
Austin,
Texas
|
-$8.04M |
| 2 |
OSAM
O'Shaughnessy Asset Management
Stamford,
Connecticut
|
-$1.28M |
| 3 |
SCCM
Schafer Cullen Capital Management
New York
|
-$1.15M |
| 4 |
PCM
Palisade Capital Management
Fort Lee,
New Jersey
|
-$1.03M |
| 5 |
M&T Bank
Buffalo,
New York
|
-$467K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BRWA
101
B. Riley Wealth Advisors
Boca Raton,
Florida
| $52 | +$62.4K | +3,680 | New |
|
102
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $6 | – | – | – |
|
|
OA
103
Oxbow Advisors
Austin,
Texas
| – | -$8.04M | -422,952 | Closed |
|
|
OSAM
104
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$1.28M | -67,440 | Closed |
|
|
105
M&T Bank
Buffalo,
New York
| – | -$467K | -24,580 | Closed |
|
106
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$301K | -17,776 | Closed |
|
107
JP Morgan Chase
New York
| – | -$323K | -17,000 | Closed |
|
|
V
108
Veritable
Wilmington,
Delaware
| – | -$273K | -14,359 | Closed |
|
|
SWM
109
Segment Wealth Management
Houston,
Texas
| – | -$207K | -10,893 | Closed |
|
|
HCC
110
Hirtle Callaghan & Co
West Conshohocken,
Pennsylvania
| – | -$38K | -2,000 | Closed |
|
|
SCP
111
Syntal Capital Partners
Midland,
Texas
| – | -$25K | -1,310 | Closed |
|
|
NES
112
New England Securities
New York
| – | -$23K | -1,224 | Closed |
|
SJT Hedge Fund Activity: Q4 2014 in Review
102 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in San Juan Basin Royalty Trust (SJT) for Q4 2014, worth a combined $207M — down 22% from $266M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new SJT positions and 10 closed out — a net gain of 10 holders — while 27 added to existing stakes and 26 trimmed.
The largest buyer was Baird, opening a new position worth an estimated $6.75M. The largest seller was Oxbow Advisors, exiting entirely with an estimated $8.04M sold.
- 102 institutional investors held San Juan Basin Royalty Trust (SJT) as of Q4 2014, up from 94 in Q3 2014.
- Funds reported $207M of San Juan Basin Royalty Trust stock for Q4 2014, down 22% quarter-over-quarter.
- 20 funds opened new San Juan Basin Royalty Trust positions in Q4 2014 and 10 closed out, a net change of +10 holders.
- The largest San Juan Basin Royalty Trust buyer in Q4 2014 was Baird, an estimated $6.75M added.
- The largest San Juan Basin Royalty Trust seller in Q4 2014 was Oxbow Advisors, an estimated $8.04M sold.
Based on aggregated 13F filings for Q4 2014.