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SJT

San Juan Basin Royalty Trust
SJT

70 hedge funds and large institutions have $46.8M invested in San Juan Basin Royalty Trust in 2019 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 14 increasing their positions, 16 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

66% more call options, than puts

Call options by funds: $536K | Put options by funds: $322K

8% more capital invested

Capital invested by funds: $43.4M → $46.8M (+$3.35M)

0.73% less ownership

Funds ownership: 19.4% → 18.68% (-0.73%)

8% less funds holding

Funds holding: 76 → 70 (-6)

13% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 16

27% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 15

Holders
70
Holders Change
-6
Holders Change %
-7.89%
% of All Funds
1.51%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
14
Reduced
16
Closed
15
Calls
$536K
Puts
$322K
Net Calls
+$214K
Net Calls Change
+$355K

Top Buyers

Rank Fund Capital Flow
1
WP
WealthSource Partners
California
+$296K
2
CAMG
CWA Asset Management Group
Florida
+$114K
3
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$76.5K
4
MIG
Mariner Investment Group
New York
+$72.5K
5
LSC
Lesa Sroufe & Co
Washington
+$61.3K

Top Sellers

Rank Fund Capital Flow
1
GCP
GSA Capital Partners
United Kingdom
-$417K
2
BMO
Beck Mack & Oliver
New York
-$243K
3
Baird Financial Group
Baird Financial Group
Wisconsin
-$240K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$224K
5
PGCM
Prescott Group Capital Management
Oklahoma
-$211K
Name Holding Trade Value Shares
Change 		Change in
Stake
First Eagle Investment Management
1
First Eagle Investment Management
New York
$27.2M -$6.49K -1,297 -0%
RA
2
Royce & Associates
New York
$4.2M +$30.9K +6,177 +0.8%
MTC
3
McDaniel Terry & Co
Texas
$3.48M – – –
BMO
4
Beck Mack & Oliver
New York
$2.4M -$243K -48,600 -10%
Wells Fargo
5
Wells Fargo
California
$1.33M +$55K +10,999 +5%
WP
6
WealthSource Partners
California
$1.02M +$296K +59,104 +45%
MAA
7
Mraz Amerine & Associates
California
$825K – – –
FRM
8
Foundation Resource Management
Arkansas
$667K – – –
California Public Employees Retirement System
9
California Public Employees Retirement System
California
$547K – – –
MFP
10
Michael F. Price
$538K – – –
Bank of America
11
Bank of America
North Carolina
$494K -$128K -25,665 -22%
Two Sigma Advisers
12
Two Sigma Advisers
New York
$327K -$43.5K -8,700 -13%
ASN
13
Advisory Services Network
Georgia
$243K -$8.83K -1,766 -4%
CIBC World Market
14
CIBC World Market
Ontario, Canada
$234K -$19.1K -3,818 -8%
ISL
15
Ingalls & Snyder LLC
New York
$229K – – –
Morgan Stanley
16
Morgan Stanley
New York
$202K -$138K -27,594 -42%
SWM
17
SeaCrest Wealth Management
New York
$201K +$15K +3,000 +9%
Citadel Advisors
18
Citadel Advisors
Florida
$197K +$22K +4,410 +14%
Bank of Montreal
19
Bank of Montreal
Ontario, Canada
$163K – – –
RJFSA
20
Raymond James Financial Services Advisors
Florida
$154K +$9K +1,801 +7%
KS
21
Karpas Strategies
Connecticut
$151K +$9.5K +1,900 +7%
SAM
22
Stansberry Asset Management
Texas
$134K -$29.2K -5,845 -19%
UCFA
23
United Capital Financial Advisors
Texas
$125K -$32.5K -6,500 -22%
CAMG
24
CWA Asset Management Group
Florida
$122K +$114K +22,762 New
EFSCE
25
Enterprise Financial Services Corp (EFSC)
Missouri
$113K – – –
1
2 3 4

SJT Hedge Fund Activity: Q1 2019 in Review

70 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in San Juan Basin Royalty Trust (SJT) for Q1 2019, worth a combined $46.8M — up 7.7% from $43.4M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of SJT and 11 opened new positions — a net loss of 4 holders — while 16 trimmed existing stakes and 14 added.

The largest buyer was WealthSource Partners, adding an estimated $296K. The largest seller was GSA Capital Partners, exiting entirely with an estimated $417K sold.

  • 70 institutional investors held San Juan Basin Royalty Trust (SJT) as of Q1 2019, down from 76 in Q4 2018.
  • Funds reported $46.8M of San Juan Basin Royalty Trust stock for Q1 2019, up 7.7% quarter-over-quarter.
  • 11 funds opened new San Juan Basin Royalty Trust positions in Q1 2019 and 15 closed out, a net change of -4 holders.
  • The largest San Juan Basin Royalty Trust buyer in Q1 2019 was WealthSource Partners, an estimated $296K added.
  • The largest San Juan Basin Royalty Trust seller in Q1 2019 was GSA Capital Partners, an estimated $417K sold.

Based on aggregated 13F filings for Q1 2019.