SoftVest Advisors’s Permian Basin Royalty Trust PBT Stock Holding History

SoftVest Advisors’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 Q1	$134M	Hold	6,217,107	–	–	15.34%	3
2025 Q4	$106M	Hold	6,217,107	–	–	23.19%	2
2025 Q3	$113M	Buy	6,217,107 +10,483	+0.2%	+$163K	23.07%	2
2025 Q2	$77.3M	Buy	6,206,624 +1,776,929	+40%	+$18.9M	9.72%	4
2025 Q1	$43.9M	Hold	4,429,695	–	–	3.91%	5
2024 Q4	$49.1M	Hold	4,429,695	–	–	4.94%	5
2024 Q3	$52.7M	Buy	4,429,695 +51,500	+1%	+$579K	8.74%	4
2024 Q2	$49.3M	Buy	4,378,195 +80,000	+2%	+$971K	13.87%	2
2024 Q1	$52M	Buy	4,298,195 +150,000	+4%	+$2.04M	17.57%	2
2023 Q4	$57.9M	Buy	4,148,195 +100	+0%	+$1.79K	19.29%	2
2023 Q3	$88.1M	Hold	4,148,095	–	–	24.39%	2
2023 Q2	$103M	Hold	4,148,095	–	–	35.7%	2
2023 Q1	$101M	Hold	4,148,095	–	–	31.21%	2
2022 Q4	$105M	Buy	4,148,095 +39,900	+1%	+$825K	24.33%	2
2022 Q3	$67.1M	Hold	4,108,195	–	–	20.82%	2
2022 Q2	$68M	Buy	4,108,195 +258,656	+7%	+$4.01M	23.63%	2
2022 Q1	$48.2M	Buy	3,849,539 +1,081,400	+39%	+$13.9M	17.62%	2
2021 Q4	$28M	Buy	2,768,139 +539,770	+24%	+$4.45M	8.47%	3
2021 Q3	$12.8M	Buy	2,228,369 +341,364	+18%	+$1.81M	5.69%	4
2021 Q2	$10.6M	Hold	1,887,005	–	–	4.15%	3
2021 Q1	$7.51M	Buy	1,887,005 +233,268	+14%	+$930K	2.22%	6
2020 Q4	$5.47M	Buy	1,653,737 +1,153,737	+231%	+$3.19M	2.44%	4
2020 Q3	$1.24M	Hold	500,000	–	–	0.57%	5
2020 Q2	$1.65M	Buy	500,000 +12,335	+3%	+$41K	0.86%	4
2020 Q1	$1.38M	Buy	+487,665	New	+$1.77M	0.87%	7

Other funds holding PBT

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

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

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

Foundation Resource Management Little Rock, Arkansas $889M AUM 43.87% 1-Year Est. Return

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

SEI Investments

SEI Investments Oaks, Pennsylvania $108B AUM 26.14% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

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

Commonwealth Equity Services

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

Advisory Services Network Atlanta, Georgia $7.52B AUM 29.01% 1-Year Est. Return