MS
PBT

Murray Stahl’s Permian Basin Royalty Trust PBT Stock Holding History

Murray Stahl’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
2026
Q2 		$169M Buy
6,729,289
+349,597
+5% +$8.85M 1.91% 8
2026
Q1 		$137M Buy
6,379,692
+191,892
+3% +$3.74M 1.49% 8
2025
Q4 		$105M Buy
6,187,800
+88,751
+1% +$1.59M 1.42% 11
2025
Q3 		$111M Buy
6,099,049
+259,224
+4% +$4.04M 1.36% 10
2025
Q2 		$72.8M Buy
5,839,825
+1,705,498
+41% +$18.1M 0.86% 12
2025
Q1 		$41M Buy
4,134,327
+188,244
+5% +$2.04M 0.46% 20
2024
Q4 		$43.7M Buy
3,946,083
+261,819
+7% +$3.14M 0.54% 20
2024
Q3 		$43.8M Buy
3,684,264
+1,061
+0% +$11.9K 0.66% 17
2024
Q2 		$41.5M Buy
3,683,203
+138,183
+4% +$1.68M 0.72% 16
2024
Q1 		$42.9M Sell
3,545,020
-38,722
-1% -$526K 0.81% 17
2023
Q4 		$50M Sell
3,583,742
-362,708
-9% -$6.49M 1.05% 13
2023
Q3 		$83.9M Sell
3,946,450
-46,953
-1% -$1.06M 1.66% 9
2023
Q2 		$99.6M Sell
3,993,403
-44,662
-1% -$1.1M 2.14% 7
2023
Q1 		$98.5M Buy
4,038,065
+293,376
+8% +$6.98M 1.89% 8
2022
Q4 		$94.4M Buy
3,744,689
+668,841
+22% +$13.8M 1.56% 9
2022
Q3 		$50.2M Buy
3,075,848
+985,353
+47% +$17.1M 1.01% 13
2022
Q2 		$34.6M Buy
2,090,495
+989,108
+90% +$15.3M 0.72% 28
2022
Q1 		$13.8M Buy
1,101,387
+720,366
+189% +$9.28M 0.28% 50
2021
Q4 		$3.85M Buy
381,021
+53,939
+16% +$445K 0.08% 78
2021
Q3 		$1.87M Sell
327,082
-6,825
-2% -$36.2K 0.04% 126
2021
Q2 		$1.88M Sell
333,907
-3,865
-1% -$16.8K 0.04% 132
2021
Q1 		$1.34M Sell
337,772
-51,224
-13% -$204K 0.03% 155
2020
Q4 		$1.29M Buy
388,996
+9,767
+3% +$27K 0.04% 149
2020
Q3 		$940K Buy
379,229
+12,944
+4% +$39.7K 0.04% 174
2020
Q2 		$1.21M Sell
366,285
-12,450
-3% -$41.4K 0.04% 139
2020
Q1 		$1.07M Sell
378,735
-53,906
-12% -$196K 0.05% 128
2019
Q4 		$1.67M Sell
432,641
-23,422
-5% -$94.3K 0.05% 124
2019
Q3 		$2.37M Sell
456,063
-6,360
-1% -$32.8K 0.07% 97
2019
Q2 		$2.82M Buy
462,423
+445
+0.1% +$2.86K 0.08% 94
2019
Q1 		$3.48M Buy
+461,978
New +$3.36M 0.1% 80

Other funds holding PBT

SA
SoftVest Advisors Abilene, Texas $921M AUM 45.28% 1-Year Est. Return
MRI
Mad River Investors Boston, Massachusetts $268M AUM 31.54% 1-Year Est. Return
SIC
Schwartz Investment Counsel Plymouth, Michigan $3.01B AUM 27.22% 1-Year Est. Return
FRM
Foundation Resource Management Little Rock, Arkansas $860M AUM 38.08% 1-Year Est. Return
MC
Moors & Cabot Boston, Massachusetts $2.57B AUM 37.84% 1-Year Est. Return
Commonwealth Equity Services
Commonwealth Equity Services Waltham, Massachusetts $79.5B AUM 27.1% 1-Year Est. Return
HF
HRT Financial New York $54.8B AUM 81.03% 1-Year Est. Return
ASN
Advisory Services Network Atlanta, Georgia $8.83B AUM 38.5% 1-Year Est. Return
Wells Fargo
Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return
BPA
Beacon Pointe Advisors Newport Beach, California $21.5B AUM 23.65% 1-Year Est. Return

Murray Stahl's PBT Position: Q2 2026 in Review

Murray Stahl increased its Permian Basin Royalty Trust (PBT) stake by 5.5% in Q2 2026, buying an estimated $8.85M and bringing the position to 6,729,289 shares worth $169M. The position accounts for 1.91% of the portfolio, ranked #8.

Murray Stahl first reported a position in PBT in Q1 2019 and has held it in 30 quarters since. 101 funds tracked by Wall St. Rank hold PBT as of Q2 2026.

  • Murray Stahl held 6,729,289 shares of Permian Basin Royalty Trust worth $169M as of Q2 2026.
  • Murray Stahl bought 349,597 Permian Basin Royalty Trust shares in Q2 2026, an estimated $8.85M.
  • Permian Basin Royalty Trust made up 1.91% of Murray Stahl's portfolio in Q2 2026, its #8 holding.
  • Murray Stahl first reported a position in Permian Basin Royalty Trust in Q1 2019 and has held it in 30 quarters since.
  • 101 funds tracked by Wall St. Rank held Permian Basin Royalty Trust as of Q2 2026.

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