SoftVest Advisors, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), SoftVest Advisors, LLC reported 3 stock positions worth $280.5 million. Its top holding was Texas Pacific Land (TPL) at 81.1% of the portfolio, followed by Permian Basin Royalty Trust (PBT, 18.5%) and Alliance Resource Partners (ARLP, 0.4%). Compared with Q4 2023, it added to 2. The biggest buy was Texas Pacific Land (TPL, shares +0%).

Most Recent 13F
Q2 2026
Location
ABILENE, TX
CIK
0001803391
Portfolio Value
$280.5M (Q1 2024)
SEC Filing
0001420506-24-000822 ↗ filed May 14, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $280.5M $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 Q2 2026

Holdings 3 stocks · $280.5M
TPL Texas Pacific Land Corp. 81.10% 393,300 $227.5M Add +0.5%
PBT Permian Basin Royalty Trust 18.54% 4,298,195 $52.0M Add +3.6%
ARLP Alliance Resource Partners 0.36% 50,000 $1.0M No change

Options reported separately and not counted above: GLD puts ($15.4M).

Portfolio Sells Q4 2023 → Q1 2024
None this quarter.

Portfolio Buys Q4 2023 → Q1 2024
TPL Texas Pacific Land Corp. Add +0.5% 81.10% +3.43
PBT Permian Basin Royalty Trust Add +3.6% 18.54% −3.38

Options Activity Q4 2023 → Q1 2024
SPY SS SPDR S&P 500 ETF Trust-US put Sold out 50,000 $23.8Mbefore exit
GLD SPDR Gold Shares put New 75,000 $15.4M
QQQ Invesco QQQ Trust Series 1 put Sold out 30,000 $12.3Mbefore exit

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