SoftVest Advisors, LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), SoftVest Advisors, LLC reported 3 stock positions worth $628.9 million. Its top holding was Texas Pacific Land (TPL) at 73.9% of the portfolio, followed by Permian Basin Royalty Trust (PBT, 24.8%) and Cross Timbers Royalty Trust (CRT, 1.3%). Compared with Q1 2026, it added to 1. The biggest buy was Cross Timbers Royalty Trust (CRT, shares +33%).

Most Recent 13F
Q2 2026
Location
ABILENE, TX
CIK
0001803391
Portfolio Value
$628.9M (Q2 2026)
SEC Filing
0001420506-26-001802 ↗ filed Aug 14, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $280.5M Q1 2024 Q2 2024: $339.2M Q2 2024 Q3 2024: $401.7M Q3 2024 Q4 2024: $499.5M Q4 2024 Q1 2025: $565.0M Q1 2025 Q2 2025: $492.8M Q2 2025 Q3 2025: $480.9M Q3 2025 Q4 2025: $444.7M Q4 2025 Q1 2026: $645.2M Q1 2026 Q2 2026: $628.9M $628.9M Q2 2026

Holdings 3 stocks · $628.9M
TPL Texas Pacific Land Corp. 73.91% 1,062,099 $464.8M No change
PBT Permian Basin Royalty Trust 24.76% 6,217,107 $155.7M No change
CRT Cross Timbers Royalty Trust 1.33% 924,960 $8.4M Add +32.5%

Options reported separately and not counted above: TPL puts ($210.2M), XOP puts ($27.8M), TLT calls ($19.2M), USO puts ($16.0M), SPY puts ($13.8M), USO calls ($5.3M).

Portfolio Sells Q1 2026 → Q2 2026
None this quarter.

Portfolio Buys Q1 2026 → Q2 2026
CRT Cross Timbers Royalty Trust Add +32.5% 1.33% +0.19

Options Activity Q1 2026 → Q2 2026
TPL Texas Pacific Land Corp. put Add +17.4% 480,200 $210.2M
TLT iShares 20+ Year Treasury BD call New 222,800 $19.2M
USO United States Oil Fund LP put New 150,000 $16.0M
SPY SS SPDR S&P 500 ETF Trust-US put New 18,500 $13.8M
USO United States Oil Fund LP call New 50,000 $5.3M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 3$628.9MTPL, PBT, CRT
Q1 2026 3$645.2MTPL, PBT, CRT
Q4 2025 2$444.7MTPL, PBT
Q3 2025 2$480.9MTPL, PBT
Q2 2025 2$492.8MTPL, PBT
Q1 2025 2$565.0MTPL, PBT
Q4 2024 3$499.5MTPL, PBT, TLT
Q3 2024 3$401.7MTPL, PBT, ARLP
Q2 2024 3$339.2MTPL, PBT, ARLP
Q1 2024 3$280.5MTPL, PBT, ARLP