SoftVest Advisors, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), SoftVest Advisors, LLC reported 2 stock positions worth $444.7 million. Its top holding was Texas Pacific Land (TPL) at 76.3% of the portfolio, followed by Permian Basin Royalty Trust (PBT, 23.7%). Its holdings were unchanged from Q3 2025.

Most Recent 13F
Q2 2026
Location
ABILENE, TX
CIK
0001803391
Portfolio Value
$444.7M (Q4 2025)
SEC Filing
0001420506-26-000420 ↗ filed Feb 13, 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 $444.7M Q4 2025 Q1 2026: $645.2M Q1 2026 Q2 2026: $628.9M Q2 2026

Holdings 2 stocks · $444.7M
TPL Texas Pacific Land Corp. 76.26% 1,180,800 $339.1M No change
PBT Permian Basin Royalty Trust 23.74% 6,217,107 $105.6M No change

Options reported separately and not counted above: XOP puts ($10.5M).

Portfolio Sells Q3 2025 → Q4 2025
None this quarter.

Portfolio Buys Q3 2025 → Q4 2025
None this quarter.

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