SoftVest Advisors, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), SoftVest Advisors, LLC reported 3 stock positions worth $401.7 million. Its top holding was Texas Pacific Land (TPL) at 86.6% of the portfolio, followed by Permian Basin Royalty Trust (PBT, 13.1%) and Alliance Resource Partners (ARLP, 0.3%). Compared with Q2 2024, it added to 1 and reduced 1. The biggest buy was Permian Basin Royalty Trust (PBT, shares +1%) and the biggest sale Alliance Resource Partners (ARLP, shares −10%).

Most Recent 13F
Q2 2026
Location
ABILENE, TX
CIK
0001803391
Portfolio Value
$401.7M (Q3 2024)
SEC Filing
0001420506-24-002524 ↗ filed Nov 14, 2024

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 $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 · $401.7M
TPL Texas Pacific Land Corp. 86.63% 393,300 $348.0M No change
PBT Permian Basin Royalty Trust 13.11% 4,429,695 $52.7M Add +1.2%
ARLP Alliance Resource Partners 0.25% 40,900 $1.0M Reduce -9.5%

Options reported separately and not counted above: XOP puts ($123.6M), XOP calls ($59.2M), GLD puts ($18.2M).

Portfolio Sells Q2 2024 → Q3 2024
ARLP Alliance Resource Partners Reduce -9.5% 0.25% −0.07

Portfolio Buys Q2 2024 → Q3 2024
PBT Permian Basin Royalty Trust Add +1.2% 13.11% −1.42

Options Activity Q2 2024 → Q3 2024
XOP SS SPDR S&P Og Exp & Prod put New 940,000 $123.6M
XOP SS SPDR S&P Og Exp & Prod call New 450,000 $59.2M

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