San Juan Basin Royalty Trust
SJT
86 hedge funds and large institutions have $72.7M invested in San Juan Basin Royalty Trust in 2025 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 18 increasing their positions, 20 reducing their positions, and 12 closing their positions.
2,162% more call options, than puts
Call options by funds: $7.35M | Put options by funds: $325K
110% more capital invested
Capital invested by funds: $34.5M → $72.7M (+$38.1M)
8.96% more ownership
Funds ownership: 19.34% → 28.3% (+9%)
8% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 12
1% less funds holding
Funds holding: 87 → 86 (-1)
10% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Cannell Capital
Alta,
Wyoming
|
+$5.73M |
| 2 |
HKAM
Horizon Kinetics Asset Management
New York
|
+$3.09M |
| 3 |
PWA
Principia Wealth Advisory
Dallas,
Texas
|
+$2.98M |
| 4 |
PCM
Prelude Capital Management
New York
|
+$2.24M |
| 5 |
KWA
Kingswood Wealth Advisors
San Diego,
California
|
+$1.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Moors & Cabot
Boston,
Massachusetts
|
-$692K |
| 2 |
ATPW
Ashton Thomas Private Wealth
Scottsdale,
Arizona
|
-$293K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$264K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$235K |
| 5 |
Jane Street
New York
|
-$176K |
SJT Hedge Fund Activity: Q1 2025 in Review
86 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in San Juan Basin Royalty Trust (SJT) for Q1 2025, worth a combined $72.7M — up 110% from $34.5M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new SJT positions and 12 closed out — a net gain of 1 holder — while 18 added to existing stakes and 20 trimmed.
The largest buyer was Cannell Capital, adding an estimated $5.73M. The largest seller was Moors & Cabot, cutting an estimated $692K.
- 86 institutional investors held San Juan Basin Royalty Trust (SJT) as of Q1 2025, down from 87 in Q4 2024.
- Funds reported $72.7M of San Juan Basin Royalty Trust stock for Q1 2025, up 110% quarter-over-quarter.
- 13 funds opened new San Juan Basin Royalty Trust positions in Q1 2025 and 12 closed out, a net change of +1 holder.
- The largest San Juan Basin Royalty Trust buyer in Q1 2025 was Cannell Capital, an estimated $5.73M added.
- The largest San Juan Basin Royalty Trust seller in Q1 2025 was Moors & Cabot, an estimated $692K sold.
Based on aggregated 13F filings for Q1 2025.