MS
SJT

Murray Stahl’s San Juan Basin Royalty Trust SJT Stock Holding History

Murray Stahl’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
Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return
CC
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
MC
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
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
Raymond James Financial St Petersburg, Florida $369B AUM 28.27% 1-Year Est. Return
Citadel Advisors
Citadel Advisors Miami, Florida $875B AUM 40.91% 1-Year Est. Return

Murray Stahl's SJT Position: Q2 2026 in Review

Murray Stahl 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.

Murray Stahl 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.

  • Murray Stahl held 7,494,020 shares of San Juan Basin Royalty Trust worth $24.1M as of Q2 2026.
  • Murray Stahl 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 Murray Stahl's portfolio in Q2 2026, its #35 holding.
  • Murray Stahl first reported a position in San Juan Basin Royalty Trust in Q4 2022 and has held it in 15 quarters since.
  • Murray Stahl'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.