San Juan Basin Royalty Trust
SJT
88 hedge funds and large institutions have $79.1M invested in San Juan Basin Royalty Trust in 2026 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 27 increasing their positions, 16 reducing their positions, and 6 closing their positions.
69% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 16
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
2.15% more ownership
Funds ownership: 33.15% → 35.3% (+2.1%)
1% less funds holding
Funds holding: 89 → 88 (-1)
9% less capital invested
Capital invested by funds: $86.8M → $79.1M (-$7.77M)
69% less call options, than puts
Call options by funds: $382K | Put options by funds: $1.23M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HKAM
Horizon Kinetics Asset Management
New York
|
+$4.1M |
| 2 |
Morgan Stanley
New York
|
+$2.53M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$2.16M |
| 4 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$1.31M |
| 5 |
MTC
McDaniel Terry & Co
Austin,
Texas
|
+$810K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MPM
Mountaineer Partners Management
New York
|
-$4.12M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$480K |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
-$288K |
| 4 |
FSA
Financial Sense Advisors
San Diego,
California
|
-$227K |
| 5 |
BFM
Boothbay Fund Management
New York
|
-$188K |
SJT Hedge Fund Activity: Q1 2026 in Review
88 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in San Juan Basin Royalty Trust (SJT) for Q1 2026, worth a combined $79.1M — down 8.9% from $86.8M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new SJT positions and 6 closed out — a net gain of 3 holders — while 27 added to existing stakes and 16 trimmed.
The largest buyer was Horizon Kinetics Asset Management, adding an estimated $4.1M. The largest seller was Mountaineer Partners Management, exiting entirely with an estimated $4.12M sold.
- 88 institutional investors held San Juan Basin Royalty Trust (SJT) as of Q1 2026, down from 89 in Q4 2025.
- Funds reported $79.1M of San Juan Basin Royalty Trust stock for Q1 2026, down 8.9% quarter-over-quarter.
- 9 funds opened new San Juan Basin Royalty Trust positions in Q1 2026 and 6 closed out, a net change of +3 holders.
- The largest San Juan Basin Royalty Trust buyer in Q1 2026 was Horizon Kinetics Asset Management, an estimated $4.1M added.
- The largest San Juan Basin Royalty Trust seller in Q1 2026 was Mountaineer Partners Management, an estimated $4.12M sold.
Based on aggregated 13F filings for Q1 2026.