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 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 $1.66T AUM 25.57% 1-Year Est. Return

PAIM

Punch & Associates Investment Management Edina, Minnesota $1.73B AUM 27.65% 1-Year Est. Return

Cannell Capital Alta, Wyoming $163M AUM 40.62% 1-Year Est. Return

ATPW

Ashton Thomas Private Wealth Scottsdale, Arizona $4.23B AUM 20.9% 1-Year Est. Return

Moors & Cabot Boston, Massachusetts $2.34B AUM 30.42% 1-Year Est. Return

Marshall Wace London, United Kingdom $100B AUM 35.1% 1-Year Est. Return

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

LSC

Lesa Sroufe & Co Seattle, Washington $147M AUM 72.74% 1-Year Est. Return

MTC

McDaniel Terry & Co Austin, Texas $1.18B AUM 16.46% 1-Year Est. Return

Raymond James Financial St Petersburg, Florida $324B AUM 22.36% 1-Year Est. Return

Horizon Kinetics Asset Management's SJT Position: Q1 2026 in Review

Horizon Kinetics Asset Management increased its San Juan Basin Royalty Trust (SJT) stake by 12% in Q1 2026, buying an estimated $4.1M and bringing the position to 6,978,841 shares worth $33.6M. The position accounts for 0.36% of the portfolio, ranked #27.

Horizon Kinetics Asset Management first reported a position in SJT in Q4 2022 and has held it in 14 quarters since. The position peaked at $35M in Q4 2025. 88 funds tracked by Wall St. Rank hold SJT as of Q1 2026.

Horizon Kinetics Asset Management held 6,978,841 shares of San Juan Basin Royalty Trust worth $33.6M as of Q1 2026.
Horizon Kinetics Asset Management bought 747,697 San Juan Basin Royalty Trust shares in Q1 2026, an estimated $4.1M.
San Juan Basin Royalty Trust made up 0.36% of Horizon Kinetics Asset Management's portfolio in Q1 2026, its #27 holding.
Horizon Kinetics Asset Management first reported a position in San Juan Basin Royalty Trust in Q4 2022 and has held it in 14 quarters since.
Horizon Kinetics Asset Management's San Juan Basin Royalty Trust position peaked at $35M in Q4 2025.
88 funds tracked by Wall St. Rank held San Juan Basin Royalty Trust as of Q1 2026.

Based on Horizon Kinetics Asset Management's 13F filing for Q1 2026, filed 15 May 2026.