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SJT

San Juan Basin Royalty Trust
SJT

94 hedge funds and large institutions have $196M invested in San Juan Basin Royalty Trust in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 25 increasing their positions, 26 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.26% less ownership

Funds ownership: 26.59% → 26.34% (-0.26%)

1% less capital invested

Capital invested by funds: $199M → $196M (-$2.83M)

4% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 26

3% less funds holding

Funds holding: 97 → 94 (-3)

27% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 11

77% less call options, than puts

Call options by funds: $717K | Put options by funds: $3.15M

Holders
94
Holders Change
-3
Holders Change %
-3.09%
% of All Funds
3.05%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
25
Reduced
26
Closed
11
Calls
$717K
Puts
$3.15M
Net Calls
-$2.43M
Net Calls Change
+$1.06M

Top Buyers

1
BMO
Beck Mack & Oliver
New York
+$11.3M
2
SCCM
Schafer Cullen Capital Management
New York
+$993K
3
First Eagle Investment Management
First Eagle Investment Management
New York
+$920K
4
CIBC World Market
CIBC World Market
Ontario, Canada
+$869K
5
Wells Fargo
Wells Fargo
California
+$669K

Top Sellers

1
Wellington Management Group
Wellington Management Group
Massachusetts
-$6.82M
2
MWR
McAdams Wright Ragen
Washington
-$3.37M
3
Bank of America
Bank of America
North Carolina
-$2.54M
4
IWC
Integrated Wealth Counsel
California
-$1.37M
5
ANTB
AMG National Trust Bank
Colorado
-$990K
Name Holding Trade Value Shares
Change 		Change in
Stake
First Eagle Investment Management
1
First Eagle Investment Management
New York
$87.4M +$920K +56,000 +1%
BMO
2
Beck Mack & Oliver
New York
$29.3M +$11.3M +687,451 +60%
Bank of America
3
Bank of America
North Carolina
$18.6M -$2.54M -154,403 -12%
MTC
4
McDaniel Terry & Co
Texas
$10.3M – – –
CIBC World Market
5
CIBC World Market
Ontario, Canada
$6.56M +$869K +52,870 +15%
OA
6
Oxbow Advisors
Texas
$6.15M +$19.3K +1,172 +0.3%
Morgan Stanley
7
Morgan Stanley
New York
$2.42M +$285K +17,311 +13%
FRM
8
Foundation Resource Management
Arkansas
$2.29M – – –
Wells Fargo
9
Wells Fargo
California
$2.19M +$669K +40,720 +42%
First Manhattan
10
First Manhattan
New York
$2.01M +$41.2K +2,506 +2%
California Public Employees Retirement System
11
California Public Employees Retirement System
California
$1.95M +$174K +10,600 +10%
PRHC
12
P.R. Herzig & Co
New York
$1.82M +$179K +10,900 +11%
PCM
13
Palisade Capital Management
New Jersey
$1.76M +$29.5K +1,795 +2%
MAA
14
Mraz Amerine & Associates
California
$1.65M +$400K +24,312 +31%
PP
15
Prospector Partners
Connecticut
$1.6M – – –
Citadel Advisors
16
Citadel Advisors
Florida
$1.57M -$309K -18,793 -16%
BA
17
Bard Associates
Illinois
$1.48M – – –
ANTB
18
AMG National Trust Bank
Colorado
$1.42M -$990K -60,257 -40%
OC
19
Oppenheimer & Co
New York
$1.07M -$116K -7,038 -10%
SCCM
20
Schafer Cullen Capital Management
New York
$965K +$993K +60,417 New
Citigroup
21
Citigroup
New York
$919K +$3.62K +220 +0.4%
U
22
UBS
Switzerland
$860K -$620K -37,746 -41%
UCFA
23
United Capital Financial Advisors
Texas
$729K -$410K -24,964 -35%
RIL
24
Rothschild Investment LLC
Illinois
$678K -$257K -15,640 -27%
RJA
25
Raymond James & Associates
Florida
$604K +$3.47K +211 +0.6%
1
2 3 4 5

SJT Hedge Fund Activity: Q3 2013 in Review

94 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in San Juan Basin Royalty Trust (SJT) for Q3 2013, worth a combined $196M — down 1.4% from $199M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of SJT and 8 opened new positions — a net loss of 3 holders — while 26 trimmed existing stakes and 25 added.

The largest buyer was Beck Mack & Oliver, adding an estimated $11.3M. The largest seller was Wellington Management Group, exiting entirely with an estimated $6.82M sold.

  • 94 institutional investors held San Juan Basin Royalty Trust (SJT) as of Q3 2013, down from 97 in Q2 2013.
  • Funds reported $196M of San Juan Basin Royalty Trust stock for Q3 2013, down 1.4% quarter-over-quarter.
  • 8 funds opened new San Juan Basin Royalty Trust positions in Q3 2013 and 11 closed out, a net change of -3 holders.
  • The largest San Juan Basin Royalty Trust buyer in Q3 2013 was Beck Mack & Oliver, an estimated $11.3M added.
  • The largest San Juan Basin Royalty Trust seller in Q3 2013 was Wellington Management Group, an estimated $6.82M sold.

Based on aggregated 13F filings for Q3 2013.