SoftVest Advisors’s Texas Pacific Land TPL Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	$415M	Hold	393,300	–	–	52.24%	1
2025 Q1	$521M	Hold	393,300	–	–	46.47%	1
2024 Q4	$435M	Hold	393,300	–	–	43.79%	1
2024 Q3	$348M	Hold	393,300	–	–	57.73%	1
2024 Q2	$289M	Hold	393,300	–	–	81.28%	1
2024 Q1	$228M	Buy	393,300 +262,800	+201%	+$152M	76.88%	1
2023 Q4	$205M	Hold	130,500	–	–	68.35%	1
2023 Q3	$238M	Hold	130,500	–	–	65.86%	1
2023 Q2	$172M	Hold	130,500	–	–	59.32%	1
2023 Q1	$222M	Hold	130,500	–	–	68.46%	1
2022 Q4	$306M	Hold	130,500	–	–	71.2%	1
2022 Q3	$232M	Hold	130,500	–	–	71.97%	1
2022 Q2	$194M	Hold	130,500	–	–	67.49%	1
2022 Q1	$176M	Hold	130,500	–	–	64.54%	1
2021 Q4	$163M	Hold	130,500	–	–	49.38%	1
2021 Q3	$158M	Hold	130,500	–	–	70.38%	1
2021 Q2	$209M	Hold	130,500	–	–	81.64%	1
2021 Q1	$207M	Hold	130,500	–	–	61.21%	1
2020 Q4	$94.9M	Hold	130,500	–	–	42.29%	1
2020 Q3	$58.9M	Hold	130,500	–	–	27.25%	1
2020 Q2	$77.6M	Hold	130,500	–	–	40.55%	1
2020 Q1	$49.6M	Hold	130,500	–	–	31.33%	1
2019 Q4	$102M	Buy	+130,500	New	+$102M	58.01%	1