SoftVest Advisors’s Texas Pacific Land TPL Stock Holding History

SoftVest Advisors’s Portfolio TPL Stock Details TPL Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$504M	Sell	1,062,099 -118,701	-10%	-$51M	57.8%	1
2025 Q4	$339M	Hold	1,180,800	–	–	74.51%	1
2025 Q3	$367M	Buy	1,180,800 +900	+0.1%	+$283K	74.7%	1
2025 Q2	$415M	Hold	1,179,900	–	–	52.24%	1
2025 Q1	$521M	Hold	1,179,900	–	–	46.47%	1
2024 Q4	$435M	Hold	1,179,900	–	–	43.79%	1
2024 Q3	$348M	Hold	1,179,900	–	–	57.73%	1
2024 Q2	$289M	Hold	1,179,900	–	–	81.28%	1
2024 Q1	$228M	Buy	1,179,900 +5,400	+0.5%	+$927K	76.88%	1
2023 Q4	$205M	Hold	1,174,500	–	–	68.35%	1
2023 Q3	$238M	Hold	1,174,500	–	–	65.86%	1
2023 Q2	$172M	Hold	1,174,500	–	–	59.32%	1
2023 Q1	$222M	Hold	1,174,500	–	–	68.46%	1
2022 Q4	$306M	Hold	1,174,500	–	–	71.2%	1
2022 Q3	$232M	Hold	1,174,500	–	–	71.97%	1
2022 Q2	$194M	Hold	1,174,500	–	–	67.49%	1
2022 Q1	$176M	Hold	1,174,500	–	–	64.54%	1
2021 Q4	$163M	Hold	1,174,500	–	–	49.38%	1
2021 Q3	$158M	Hold	1,174,500	–	–	70.38%	1
2021 Q2	$209M	Hold	1,174,500	–	–	81.64%	1
2021 Q1	$207M	Hold	1,174,500	–	–	61.21%	1
2020 Q4	$94.9M	Hold	1,174,500	–	–	42.29%	2
2020 Q3	$58.9M	Hold	1,174,500	–	–	27.25%	2
2020 Q2	$77.6M	Hold	1,174,500	–	–	40.55%	2
2020 Q1	$49.6M	Hold	1,174,500	–	–	31.33%	2
2019 Q4	$102M	Buy	+1,174,500	New	+$85.9M	58.01%	1

Other funds holding TPL

HKAM

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

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

First Manhattan New York $36.1B AUM 11.5% 1-Year Est. Return

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

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

PHAM

Pacific Heights Asset Management San Francisco, California $2.99B AUM 52.5% 1-Year Est. Return

SoftVest Advisors's TPL Position: Q1 2026 in Review

SoftVest Advisors reduced its Texas Pacific Land (TPL) stake by 10% in Q1 2026, selling an estimated $51M and leaving 1,062,099 shares worth $504M. The position accounts for 57.8% of the portfolio, ranked #1.

SoftVest Advisors first reported a position in TPL in Q4 2019 and has held it in 26 quarters since. The position peaked at $521M in Q1 2025. 861 funds tracked by Wall St. Rank hold TPL as of Q1 2026.

SoftVest Advisors held 1,062,099 shares of Texas Pacific Land worth $504M as of Q1 2026.
SoftVest Advisors sold 118,701 Texas Pacific Land shares in Q1 2026, an estimated $51M.
Texas Pacific Land made up 57.8% of SoftVest Advisors's portfolio in Q1 2026, its #1 holding.
SoftVest Advisors first reported a position in Texas Pacific Land in Q4 2019 and has held it in 26 quarters since.
SoftVest Advisors's Texas Pacific Land position peaked at $521M in Q1 2025.
861 funds tracked by Wall St. Rank held Texas Pacific Land as of Q1 2026.

Based on SoftVest Advisors's 13F filing for Q1 2026, filed 15 May 2026.