Lazard Asset Management’s Permian Basin Royalty Trust PBT Stock Holding History

Lazard Asset Management’s Portfolio PBT Stock Details PBT Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-9,143	Closed	-$113K	–	2189
2025 Q2	$113K	Sell	9,143 -57,295	-86%	-$609K	﹤0.01%	1845
2025 Q1	$658K	Buy	66,438 +10,170	+18%	+$110K	﹤0.01%	1335
2024 Q4	$623K	Buy	+56,268	New	+$675K	﹤0.01%	1303
2023 Q4	–	Sell	-8,404	Closed	-$178K	–	2407
2023 Q3	$178K	Buy	8,404 +827	+11%	+$18.8K	﹤0.01%	1427
2023 Q2	$188K	Hold	7,577	–	–	﹤0.01%	1366
2023 Q1	$184K	Hold	7,577	–	–	﹤0.01%	1335
2022 Q4	$190K	Hold	7,577	–	–	﹤0.01%	1306
2022 Q3	$123K	Buy	7,577 +3,791	+100%	+$65.9K	﹤0.01%	1399
2022 Q2	$62K	Buy	+3,786	New	+$58.7K	﹤0.01%	1714

Other funds holding PBT

SoftVest Advisors Abilene, Texas $872M AUM 28.76% 1-Year Est. Return

HKAM

Horizon Kinetics Asset Management New York $9.23B AUM 27.52% 1-Year Est. Return

SIC

Schwartz Investment Counsel Plymouth, Michigan $2.82B AUM 13.66% 1-Year Est. Return

MRI

Mad River Investors Boston, Massachusetts $278M AUM 32.21% 1-Year Est. Return

FRM

Foundation Resource Management Little Rock, Arkansas $860M AUM 38.08% 1-Year Est. Return

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

Hosking Partners London, United Kingdom $2.79B AUM 58.33% 1-Year Est. Return

Commonwealth Equity Services Waltham, Massachusetts $71.6B AUM 21.08% 1-Year Est. Return

Jane Street New York $777B AUM 61.18% 1-Year Est. Return

Citadel Advisors Miami, Florida $618B AUM 30.34% 1-Year Est. Return

Lazard Asset Management's PBT Position: Q3 2025 in Review

Lazard Asset Management sold out of Permian Basin Royalty Trust (PBT) in Q3 2025, closing a stake of 9,143 shares — an estimated $113K sold.

Lazard Asset Management first reported a position in PBT in Q2 2022 and held it in 9 quarters. The position peaked at $658K in Q1 2025. 95 funds tracked by Wall St. Rank hold PBT as of Q3 2025.

Lazard Asset Management reported no remaining Permian Basin Royalty Trust position as of Q3 2025 after selling out during the quarter.
Lazard Asset Management sold 9,143 Permian Basin Royalty Trust shares in Q3 2025, an estimated $113K.
Lazard Asset Management first reported a position in Permian Basin Royalty Trust in Q2 2022 and held it in 9 quarters.
Lazard Asset Management's Permian Basin Royalty Trust position peaked at $658K in Q1 2025.
95 funds tracked by Wall St. Rank held Permian Basin Royalty Trust as of Q3 2025.

Based on Lazard Asset Management's 13F filing for Q3 2025, filed 14 Nov 2025.