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SJT

San Juan Basin Royalty Trust

89 hedge funds and large institutions have $86.8M invested in San Juan Basin Royalty Trust in 2025 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 25 increasing their positions, 26 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

30% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 10

1% more funds holding

Funds holding: 8889 (+1)

0.61% more ownership

Funds ownership: 32.55%33.15% (+0.61%)

4% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 26

5% less capital invested

Capital invested by funds: $91.6M → $86.8M (-$4.78M)

74% less call options, than puts

Call options by funds: $388K | Put options by funds: $1.5M

Holders
89
Holders Change
+1
Holders Change %
+1.14%
% of All Funds
1.08%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
13
Increased
25
Reduced
26
Closed
10
Calls
$388K
Puts
$1.5M
Net Calls
-$1.12M
Net Calls Change
-$2.92M
Name Holding Trade Value Shares
Change
Change in
Stake
MIM
26
Meixler Investment Management
Arizona
$293K +$14.5K +2,500 +5%
Two Sigma Investments
27
Two Sigma Investments
New York
$268K -$124K -21,375 -31%
Bank of America
28
Bank of America
North Carolina
$253K -$9.05K -1,562 -3%
WA
29
Waverly Advisors
Alabama
$243K
AWP
30
Atlas Wealth Partners
Pennsylvania
$228K +$31.9K +5,506 +16%
FSA
31
Financial Sense Advisors
California
$227K -$575K -99,351 -71%
FFB
32
First Financial Bankshares
Texas
$211K
Janney Montgomery Scott
33
Janney Montgomery Scott
Pennsylvania
$191K +$197K +34,037 New
BFM
34
Boothbay Fund Management
New York
$188K +$67.8K +11,710 +54%
AQR Capital Management
35
AQR Capital Management
Connecticut
$183K +$188K +32,482 New
PC
36
Pecaut & Co
Iowa
$169K
RC
37
Roundview Capital
New Jersey
$169K
KCFA
38
Key Client Fiduciary Advisors
New Jersey
$167K +$172K +29,660 New
CHAM
39
Clear Harbor Asset Management
Connecticut
$162K
ISL
40
Ingalls & Snyder LLC
New York
$161K
Osaic Holdings
41
Osaic Holdings
Arizona
$142K -$16.6K -2,861 -10%
Jane Street
42
Jane Street
New York
$126K -$43.1K -7,437 -25%
WG
43
Welch Group
Alabama
$124K
SOW
44
State of Wyoming
Wyoming
$118K -$59.2K -10,229 -33%
Corient Private Wealth
45
Corient Private Wealth
Florida
$114K +$58.7K +10,129 +100%
DWM
46
DWR Wealth Management
California
$113K +$119K +20,500 New
BPA
47
Beacon Pointe Advisors
California
$95.5K
BCA
48
Bay Colony Advisors
Massachusetts
$88.1K
BMO
49
Beck Mack & Oliver
New York
$87.6K -$5.21K -900 -5%
Financial Engines Advisors
50
Financial Engines Advisors
California
$87.3K

SJT Hedge Fund Activity: Q4 2025 in Review

89 of the 8,226 institutional investors tracked by Wall St. Rank reported a position in San Juan Basin Royalty Trust (SJT) for Q4 2025, worth a combined $86.8M — down 5.2% from $91.6M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new SJT positions and 10 closed out — a net gain of 3 holders — while 25 added to existing stakes and 26 trimmed.

The largest buyer was Horizon Kinetics Asset Management, adding an estimated $3.59M. The largest seller was Cannell Capital, cutting an estimated $2.19M.

  • 89 institutional investors held San Juan Basin Royalty Trust (SJT) as of Q4 2025, up from 88 in Q3 2025.
  • Funds reported $86.8M of San Juan Basin Royalty Trust stock for Q4 2025, down 5.2% quarter-over-quarter.
  • 13 funds opened new San Juan Basin Royalty Trust positions in Q4 2025 and 10 closed out, a net change of +3 holders.
  • The largest San Juan Basin Royalty Trust buyer in Q4 2025 was Horizon Kinetics Asset Management, an estimated $3.59M added.
  • The largest San Juan Basin Royalty Trust seller in Q4 2025 was Cannell Capital, an estimated $2.19M sold.

Based on aggregated 13F filings for Q4 2025.