SoftVest Advisors, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), SoftVest Advisors, LLC reported 3 stock positions worth $645.2 million. Its top holding was Texas Pacific Land (TPL) at 78.1% of the portfolio, followed by Permian Basin Royalty Trust (PBT, 20.7%) and Cross Timbers Royalty Trust (CRT, 1.1%). Compared with Q4 2025, it opened 1 new position and reduced 1. The biggest buy was a new position in Cross Timbers Royalty Trust (CRT) and the biggest sale Texas Pacific Land (TPL, shares −10%).