Permian Basin Royalty Trust
95 hedge funds and large institutions have $241M invested in Permian Basin Royalty Trust in 2025 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 30 increasing their positions, 20 reducing their positions, and 16 closing their positions.
63% more capital invested
Capital invested by funds: $148M → $241M (+$93.1M)
50% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 20
19% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 16
9.41% more ownership
Funds ownership: 32.03% → 41.45% (+9.4%)
1% more funds holding
Funds holding: 94 → 95 (+1)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
91% less call options, than puts
Call options by funds: $1.32M | Put options by funds: $15.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SA
SoftVest Advisors
Abilene,
Texas
|
+$18.9M |
| 2 |
HKAM
Horizon Kinetics Asset Management
New York
|
+$18.1M |
| 3 |
MRI
Mad River Investors
Boston,
Massachusetts
|
+$4.38M |
| 4 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
+$2.01M |
| 5 |
Group One Trading
Chicago,
Illinois
|
+$1.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OIAM
OFI Invest Asset Management
Paris,
France
|
-$1.14M |
| 2 |
Pathstone Holdings
Englewood,
New Jersey
|
-$669K |
| 3 |
PA
Promethium Advisors
Bethesda,
Maryland
|
-$644K |
| 4 |
Lazard Asset Management
New York
|
-$609K |
| 5 |
Simplex Trading
Chicago,
Illinois
|
-$567K |
PBT Hedge Fund Activity: Q2 2025 in Review
95 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in Permian Basin Royalty Trust (PBT) for Q2 2025, worth a combined $241M — up 63% from $148M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new PBT positions and 16 closed out — a net gain of 3 holders — while 30 added to existing stakes and 20 trimmed.
The largest buyer was SoftVest Advisors, adding an estimated $18.9M. The largest seller was OFI Invest Asset Management, exiting entirely with an estimated $1.14M sold.
- 95 institutional investors held Permian Basin Royalty Trust (PBT) as of Q2 2025, up from 94 in Q1 2025.
- Funds reported $241M of Permian Basin Royalty Trust stock for Q2 2025, up 63% quarter-over-quarter.
- 19 funds opened new Permian Basin Royalty Trust positions in Q2 2025 and 16 closed out, a net change of +3 holders.
- The largest Permian Basin Royalty Trust buyer in Q2 2025 was SoftVest Advisors, an estimated $18.9M added.
- The largest Permian Basin Royalty Trust seller in Q2 2025 was OFI Invest Asset Management, an estimated $1.14M sold.
Based on aggregated 13F filings for Q2 2025.