Horizon Kinetics Asset Management’s San Juan Basin Royalty Trust SJT Stock Holding History

Horizon Kinetics Asset Management’s Portfolio SJT Stock Details SJT Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$24.1M	Buy	7,494,020 +515,179	+7%	+$2.07M	0.27%	35
2026 Q1	$33.6M	Buy	6,978,841 +747,697	+12%	+$4.1M	0.36%	27
2025 Q4	$35M	Buy	6,231,144 +619,163	+11%	+$3.59M	0.47%	25
2025 Q3	$33.9M	Buy	5,611,981 +1,017,479	+22%	+$5.98M	0.41%	28
2025 Q2	$27.5M	Buy	4,594,502 +2,124,370	+86%	+$12.9M	0.33%	34
2025 Q1	$13.7M	Buy	2,470,132 +655,918	+36%	+$3.09M	0.16%	43
2024 Q4	$6.95M	Buy	1,814,214 +522,288	+40%	+$2.09M	0.09%	64
2024 Q3	$4.78M	Buy	1,291,926 +242,871	+23%	+$908K	0.07%	74
2024 Q2	$4.26M	Buy	1,049,055 +186,631	+22%	+$820K	0.07%	70
2024 Q1	$4.56M	Buy	862,424 +733,128	+567%	+$3.82M	0.09%	68
2023 Q4	$657K	Sell	129,296 -15,355	-11%	-$103K	0.01%	191
2023 Q3	$1M	Buy	144,651 +8,703	+6%	+$62.7K	0.02%	155
2023 Q2	$1.01M	Buy	135,948 +35,434	+35%	+$301K	0.02%	156
2023 Q1	$1.06M	Buy	100,514 +88,354	+727%	+$917K	0.02%	148
2022 Q4	$139K	Buy	+12,160	New	+$133K	﹤0.01%	295

Other funds holding SJT

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Cannell Capital Alta, Wyoming $149M AUM 39.81% 1-Year Est. Return

ATPW

Ashton Thomas Private Wealth Scottsdale, Arizona $4.79B AUM 27.94% 1-Year Est. Return

Moors & Cabot Boston, Massachusetts $2.57B AUM 37.84% 1-Year Est. Return

PAIM

Punch & Associates Investment Management Edina, Minnesota $2.02B AUM 40.6% 1-Year Est. Return

LSC

Lesa Sroufe & Co Seattle, Washington $140M AUM 53.13% 1-Year Est. Return

Marshall Wace London, United Kingdom $127B AUM 46.06% 1-Year Est. Return

MTC

McDaniel Terry & Co Austin, Texas $1.28B AUM 18.17% 1-Year Est. Return

Raymond James Financial St Petersburg, Florida $369B AUM 28.27% 1-Year Est. Return

Citadel Advisors Miami, Florida $875B AUM 40.89% 1-Year Est. Return

Horizon Kinetics Asset Management's SJT Position: Q2 2026 in Review

Horizon Kinetics Asset Management increased its San Juan Basin Royalty Trust (SJT) stake by 7.4% in Q2 2026, buying an estimated $2.07M and bringing the position to 7,494,020 shares worth $24.1M. The position accounts for 0.27% of the portfolio, ranked #35.

Horizon Kinetics Asset Management first reported a position in SJT in Q4 2022 and has held it in 15 quarters since. The position peaked at $35M in Q4 2025. 82 funds tracked by Wall St. Rank hold SJT as of Q2 2026.

Horizon Kinetics Asset Management held 7,494,020 shares of San Juan Basin Royalty Trust worth $24.1M as of Q2 2026.
Horizon Kinetics Asset Management bought 515,179 San Juan Basin Royalty Trust shares in Q2 2026, an estimated $2.07M.
San Juan Basin Royalty Trust made up 0.27% of Horizon Kinetics Asset Management's portfolio in Q2 2026, its #35 holding.
Horizon Kinetics Asset Management first reported a position in San Juan Basin Royalty Trust in Q4 2022 and has held it in 15 quarters since.
Horizon Kinetics Asset Management's San Juan Basin Royalty Trust position peaked at $35M in Q4 2025.
82 funds tracked by Wall St. Rank held San Juan Basin Royalty Trust as of Q2 2026.

Based on Horizon Kinetics Asset Management's 13F filing for Q2 2026, filed 11 Aug 2026.