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SJT

San Juan Basin Royalty Trust

87 hedge funds and large institutions have $68.3M invested in San Juan Basin Royalty Trust in 2018 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 33 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more call options, than puts

Call options by funds: $578K | Put options by funds: $449K

0.69% more ownership

Funds ownership: 24.6%25.29% (+0.69%)

7% less funds holding

Funds holding: 9487 (-7)

25% less capital invested

Capital invested by funds: $90.6M → $68.3M (-$22.3M)

42% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 33

47% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 15

Holders
87
Holders Change
-7
Holders Change %
-7.45%
% of All Funds
1.99%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
8
Increased
19
Reduced
33
Closed
15
Calls
$578K
Puts
$449K
Net Calls
+$129K
Net Calls Change
+$149K
Name Holding Trade Value Shares
Change
Change in
Stake
First Eagle Investment Management
1
First Eagle Investment Management
New York
$29.3M
BMO
2
Beck Mack & Oliver
New York
$7.64M -$1.27M -189,770 -13%
RA
3
Royce & Associates
New York
$5.22M -$963K -143,407 -14%
MTC
4
McDaniel Terry & Co
Texas
$3.75M
Arrowstreet Capital
5
Arrowstreet Capital
Massachusetts
$2.18M -$318K -47,400 -11%
Deutsche Bank
6
Deutsche Bank
Germany
$2.15M +$2.04M +303,300 +449%
Renaissance Technologies
7
Renaissance Technologies
New York
$2.13M +$2.09M +311,428 +552%
Wells Fargo
8
Wells Fargo
California
$1.42M +$648K +96,545 +65%
Morgan Stanley
9
Morgan Stanley
New York
$1.37M -$61.7K -9,194 -4%
Baird Financial Group
10
Baird Financial Group
Wisconsin
$1.29M +$1.34M +199,499 +856%
MAA
11
Mraz Amerine & Associates
California
$792K -$873 -130 -0.1%
Bank of America
12
Bank of America
North Carolina
$777K +$154K +22,880 +21%
FRM
13
Foundation Resource Management
Arkansas
$719K
Two Sigma Advisers
14
Two Sigma Advisers
New York
$656K -$18.8K -2,800 -2%
California Public Employees Retirement System
15
California Public Employees Retirement System
California
$655K -$157K -23,352 -17%
WP
16
WealthSource Partners
California
$590K +$96.4K +14,359 +16%
MFP
17
Michael F. Price
$580K
MGAM
18
McGowan Group Asset Management
Texas
$575K +$6.06K +902 +0.9%
CC
19
Cambrian Capital
California
$433K
MWNA
20
Marshall Wace North America
New York
$415K +$151K +22,492 +46%
PCM
21
Palisade Capital Management
New Jersey
$330K -$50.4K -7,500 -12%
AA
22
ALPS Advisors
Colorado
$299K -$16.3K -2,432 -4%
CIBC World Market
23
CIBC World Market
Ontario, Canada
$258K -$112K -16,675 -27%
OC
24
Oppenheimer & Co
New York
$239K -$3.36K -500 -1%
Two Sigma Investments
25
Two Sigma Investments
New York
$238K -$58.6K -8,722 -18%

SJT Hedge Fund Activity: Q2 2018 in Review

87 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in San Juan Basin Royalty Trust (SJT) for Q2 2018, worth a combined $68.3M — down 25% from $90.6M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of SJT and 8 opened new positions — a net loss of 7 holders — while 33 trimmed existing stakes and 19 added.

The largest buyer was Renaissance Technologies, adding an estimated $2.09M. The largest seller was Beck Mack & Oliver, cutting an estimated $1.27M.

  • 87 institutional investors held San Juan Basin Royalty Trust (SJT) as of Q2 2018, down from 94 in Q1 2018.
  • Funds reported $68.3M of San Juan Basin Royalty Trust stock for Q2 2018, down 25% quarter-over-quarter.
  • 8 funds opened new San Juan Basin Royalty Trust positions in Q2 2018 and 15 closed out, a net change of -7 holders.
  • The largest San Juan Basin Royalty Trust buyer in Q2 2018 was Renaissance Technologies, an estimated $2.09M added.
  • The largest San Juan Basin Royalty Trust seller in Q2 2018 was Beck Mack & Oliver, an estimated $1.27M sold.

Based on aggregated 13F filings for Q2 2018.