San Juan Basin Royalty Trust
SJT
84 hedge funds and large institutions have $55.6M invested in San Juan Basin Royalty Trust in 2026 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 22 increasing their positions, 25 reducing their positions, and 12 closing their positions.
74% more capital inflows, than outflows
Capital inflows: $7.79M | Capital outflows: $4.47M
72% more call options, than puts
Call options by funds: $122K | Put options by funds: $71K
1.84% more ownership
Funds ownership: 35.33% → 37.17% (+1.8%)
7% less funds holding
Funds holding: 90 → 84 (-6)
12% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 25
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Horizon Kinetics Asset Management
New York
|
+$2.07M |
| 2 |
Cannell Capital
Alta,
Wyoming
|
+$1.22M |
| 3 |
Lesa Sroufe & Co
Seattle,
Washington
|
+$944K |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$590K |
| 5 |
Jane Street
New York
|
+$533K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Punch & Associates Investment Management
Edina,
Minnesota
|
-$1.2M |
| 2 |
LPL Financial
San Diego,
California
|
-$934K |
| 3 |
Beacon Pointe Advisors
Newport Beach,
California
|
-$295K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$258K |
| 5 |
Morgan Stanley
New York
|
-$220K |
SJT Hedge Fund Activity: Q2 2026 in Review
84 of the 8,384 institutional investors tracked by Wall St. Rank reported a position in San Juan Basin Royalty Trust (SJT) for Q2 2026, worth a combined $55.6M — down 30% from $79.1M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of SJT and 8 opened new positions — a net loss of 4 holders — while 25 trimmed existing stakes and 22 added.
The largest buyer was Horizon Kinetics Asset Management, adding an estimated $2.07M. The largest seller was Punch & Associates Investment Management, cutting an estimated $1.2M.
- 84 institutional investors held San Juan Basin Royalty Trust (SJT) as of Q2 2026, down from 90 in Q1 2026.
- Funds reported $55.6M of San Juan Basin Royalty Trust stock for Q2 2026, down 30% quarter-over-quarter.
- 8 funds opened new San Juan Basin Royalty Trust positions in Q2 2026 and 12 closed out, a net change of -4 holders.
- The largest San Juan Basin Royalty Trust buyer in Q2 2026 was Horizon Kinetics Asset Management, an estimated $2.07M added.
- The largest San Juan Basin Royalty Trust seller in Q2 2026 was Punch & Associates Investment Management, an estimated $1.2M sold.
Based on aggregated 13F filings for Q2 2026.