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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
SS
76
Sunbelt Securities
Texas
$7.17K
MCM
77
MAI Capital Management
Ohio
$6.46K
Carson Wealth (CWM LLC)
78
Carson Wealth (CWM LLC)
Nebraska
$6K +$5.79K +1,000 +2,381%
TRCT
79
Tower Research Capital (TRC)
New York
$3.43K +$851 +147 +32%
IA
80
IFP Advisors
Florida
$2.22K
BlackRock
81
BlackRock
New York
$2.11K -$1.19K -206 -35%
FGAM
82
Financial Gravity Asset Management
Texas
$2.06K
TAM
83
Tucker Asset Management
Colorado
$1.49K +$1.53K +264 New
AF
84
Allworth Financial
California
$1.41K -$220 -38 -13%
PWA
85
Physician Wealth Advisors
Utah
$1.38K +$1.42K +245 New
PMFA
86
Plante Moran Financial Advisors
Michigan
$1.11K
NFSG
87
Newbridge Financial Services Group
Florida
$593 -$3.56K -615 -85%
AAP
88
Arax Advisory Partners
Colorado
$34
MI
89
Motiv8 Investments
Florida
$2 +$2.17K +375 New
RA
90
RR Advisors
Texas
-$1.83M -303,000 Closed
Verition Fund Management
91
Verition Fund Management
Connecticut
-$968K -160,249 Closed
HT
92
Heritage Trust
Oklahoma
-$182K -30,201 Closed
QC
93
Quadrature Capital
United Kingdom
-$143K -23,554 Closed
OIA
94
OneDigital Investment Advisors
Kansas
-$84.5K -13,997 Closed
MCM
95
Manchester Capital Management
Vermont
-$21.8K -3,610 Closed
PWAM
96
Private Wealth Asset Management
Iowa
-$7.85K -1,300 Closed
QL
97
Quarry LP
New York
-$7.16K -1,185 Closed
US Bancorp
98
US Bancorp
Minnesota
-$1.24K -206 Closed
FFA
99
Farther Finance Advisors
California
-$423 -70 Closed

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.