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SJT

San Juan Basin Royalty Trust
SJT

84 hedge funds and large institutions have $91.3M invested in San Juan Basin Royalty Trust in 2017 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 17 increasing their positions, 21 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

148% more call options, than puts

Call options by funds: $912K | Put options by funds: $368K

40% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 10

20% more capital invested

Capital invested by funds: $76.2M → $91.3M (+$15.1M)

2.47% more ownership

Funds ownership: 24.7% → 27.16% (+2.5%)

2% more funds holding

Funds holding: 82 → 84 (+2)

19% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 21

Holders
84
Holders Change
+2
Holders Change %
+2.44%
% of All Funds
2.09%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
17
Reduced
21
Closed
10
Calls
$912K
Puts
$368K
Net Calls
+$544K
Net Calls Change
-$1.42M

Top Buyers

1
HCM
Hilton Capital Management
New York
+$9.79M
2
LPL Financial
LPL Financial
California
+$646K
3
IPC
Independent Portfolio Consultants
Florida
+$245K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$236K
5
BIM
Baldwin Investment Management
Pennsylvania
+$151K

Top Sellers

1
Deutsche Bank
Deutsche Bank
Germany
-$823K
2
Renaissance Technologies
Renaissance Technologies
New York
-$791K
3
BMO
Beck Mack & Oliver
New York
-$472K
4
Two Sigma Investments
Two Sigma Investments
New York
-$321K
5
USGIU
U.S. Global Investors (USGI)
Texas
-$209K
Name Holding Trade Value Shares
Change 		Change in
Stake
First Eagle Investment Management
1
First Eagle Investment Management
New York
$37.2M – – –
BMO
2
Beck Mack & Oliver
New York
$14.6M -$472K -67,658 -3%
HCM
3
Hilton Capital Management
New York
$10.2M +$9.79M +1,402,226 New
RA
4
Royce & Associates
New York
$7.81M – – –
MTC
5
McDaniel Terry & Co
Texas
$4.69M – – –
Bank of America
6
Bank of America
North Carolina
$1.5M -$100K -14,390 -6%
CIBC World Market
7
CIBC World Market
Ontario, Canada
$1.18M -$120K -17,238 -10%
MAA
8
Mraz Amerine & Associates
California
$1.01M -$5.52K -791 -0.5%
OC
9
Oppenheimer & Co
New York
$982K -$6.98K -1,000 -0.7%
Morgan Stanley
10
Morgan Stanley
New York
$969K -$171K -24,503 -15%
FRM
11
Foundation Resource Management
Arkansas
$895K -$6.98K -1,000 -0.8%
California Public Employees Retirement System
12
California Public Employees Retirement System
California
$749K +$40.5K +5,800 +6%
LPL Financial
13
LPL Financial
California
$740K +$646K +92,542 +802%
MFP
14
Michael F. Price
$726K – – –
WP
15
WealthSource Partners
California
$578K +$62.9K +9,016 +13%
First Manhattan
16
First Manhattan
New York
$571K +$93K +13,325 +20%
Two Sigma Advisers
17
Two Sigma Advisers
New York
$508K +$7.68K +1,100 +2%
PCM
18
Palisade Capital Management
New Jersey
$467K -$14K -2,000 -3%
LCM
19
Lucas Capital Management
New Jersey
$404K -$24.4K -3,500 -6%
ASN
20
Advisory Services Network
Georgia
$395K +$381K +54,570 New
HC
21
Hawkins Capital
Texas
$360K – – –
Susquehanna International Group
22
Susquehanna International Group
Pennsylvania
$348K +$236K +33,800 +236%
RJFSA
23
Raymond James Financial Services Advisors
Florida
$321K +$27.9K +3,996 +10%
Two Sigma Investments
24
Two Sigma Investments
New York
$264K -$321K -46,055 -56%
IPC
25
Independent Portfolio Consultants
Florida
$255K +$245K +35,170 New
1
2 3 4

SJT Hedge Fund Activity: Q1 2017 in Review

84 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in San Juan Basin Royalty Trust (SJT) for Q1 2017, worth a combined $91.3M — up 20% from $76.2M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new SJT positions and 10 closed out — a net gain of 4 holders — while 17 added to existing stakes and 21 trimmed.

The largest buyer was Hilton Capital Management, opening a new position worth an estimated $9.79M. The largest seller was Deutsche Bank, cutting an estimated $823K.

  • 84 institutional investors held San Juan Basin Royalty Trust (SJT) as of Q1 2017, up from 82 in Q4 2016.
  • Funds reported $91.3M of San Juan Basin Royalty Trust stock for Q1 2017, up 20% quarter-over-quarter.
  • 14 funds opened new San Juan Basin Royalty Trust positions in Q1 2017 and 10 closed out, a net change of +4 holders.
  • The largest San Juan Basin Royalty Trust buyer in Q1 2017 was Hilton Capital Management, an estimated $9.79M added.
  • The largest San Juan Basin Royalty Trust seller in Q1 2017 was Deutsche Bank, an estimated $823K sold.

Based on aggregated 13F filings for Q1 2017.