SAN JUAN BASIN ROYALTY TRUST - SJT
Detailed investor-level table based on 13F positions.
Early Q1 2026 data: only 8 institutional holders reported so far. The full shareholder list will grow as more funds file with the SEC.
Methodology:
Market value and % of portfolio use SEC reported VALUE ($000).
For PUT/CALL positions this reflects reported underlying exposure, not premium cash paid/received.
Details.
Rows: 0
| Investor | History | Status | Shares held | Market value ($000) | % of portfolio | Previous % | Rank | Change in shares | % change in shares | Source | Date reported |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HORIZON KINETICS ASSET MANAGEMENT LLC | History | Added to | 6,231,144 | 35,019 | 0.47% | 0.41% | 1 | +619,163 | 11.03% | Q4 2025 | Feb 11, 2026 |
| MORGAN STANLEY | History | Added to | 1,156,904 | 6,501 | 0.0% | 0.0% | 2 | +231,407 | 25.0% | Q4 2025 | Feb 13, 2026 |
| CANNELL CAPITAL LLC | History | Reduced | 835,799 | 4,697 | 2.28% | 1.12% | 3 | -377,325 | -31.1% | Q4 2025 | Feb 17, 2026 |
| Ashton Thomas Private Wealth, LLC | History | Added to | 770,224 | 4,328 | 0.11% | 0.1% | 4 | +132,517 | 20.78% | Q4 2025 | Jan 29, 2026 |
| Moors & Cabot, Inc. | History | Added to | 736,300 | 4,138 | 0.18% | 0.16% | 5 | +128,850 | 21.21% | Q4 2025 | Feb 10, 2026 |
| Mountaineer Partners Management, LLC | History | Added to | 732,351 | 4,115 | 2.3% | 2.53% | 6 | +13,297 | 1.85% | Q4 2025 | Feb 13, 2026 |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | History | Added to | 700,000 | 3,934 | 0.23% | 0.16% | 7 | +256,299 | 57.76% | Q4 2025 | Feb 17, 2026 |
| Principia Wealth Advisory, LLC | History | Reduced | 531,022 | 2,984 | 1.87% | 2.41% | 8 | -47,734 | -8.25% | Q4 2025 | Feb 10, 2026 |
| LPL Financial LLC | History | Reduced | 407,116 | 2,287 | 0.0% | 0.0% | 9 | -10,379 | -2.49% | Q4 2025 | Feb 11, 2026 |
| CITADEL ADVISORS LLC | History | Added to | 365,575 | 2,054 | 0.0% | 0.0% | 10 | +63,473 | 21.01% | Q4 2025 | Feb 17, 2026 |
| RAYMOND JAMES FINANCIAL INC | History | Added to | 346,112 | 1,945 | 0.0% | 0.0% | 11 | +39,380 | 12.84% | Q4 2025 | Feb 18, 2026 |
| Lesa Sroufe & Co | History | Added to | 340,390 | 1,913 | 1.42% | 1.66% | 12 | +412 | 0.12% | Q4 2025 | Jan 22, 2026 |
| Advisory Services Network, LLC | History | Added to | 238,677 | 1,341 | 0.02% | 0.02% | 13 | +1,280 | 0.54% | Q4 2025 | Feb 17, 2026 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | History | Reduced | 220,101 | 1,236 | 0.0% | 0.0% | 14 | -17,876 | -7.51% | Q4 2025 | Feb 17, 2026 |
| KINGSWOOD WEALTH ADVISORS, LLC | History | Reduced | 191,950 | 1,078 | 0.05% | 0.18% | 15 | -299,950 | -60.98% | Q4 2025 | Jan 28, 2026 |
| Mraz, Amerine & Associates, Inc. | History | No change | 184,236 | 1,035 | 0.15% | 0.17% | 16 | 0 | 0.0% | Q4 2025 | Feb 06, 2026 |
| MCDANIEL TERRY & CO | History | Reduced | 170,288 | 957 | 0.08% | 0.15% | 17 | -147,788 | -46.46% | Q4 2025 | Feb 10, 2026 |
| Pingora Partners LLC | History | Added to | 135,057 | 759 | 0.46% | 0.26% | 18 | +71,111 | 111.2% | Q4 2025 | Feb 13, 2026 |
| XTX Topco Ltd | History | Added to | 81,722 | 459 | 0.01% | 0.01% | 19 | +44,696 | 120.72% | Q4 2025 | Feb 17, 2026 |
| WELLS FARGO & COMPANY/MN | History | Reduced | 74,662 | 419 | 0.0% | 0.0% | 20 | -1,615 | -2.12% | Q4 2025 | Feb 13, 2026 |
| ROYAL BANK OF CANADA | History | New | 68,922 | 387 | 0.0% | — | 21 | +68,922 | New | Q4 2025 | Feb 17, 2026 |
| Delta Investment Management, LLC | History | Added to | 64,565 | 362 | 0.06% | 0.07% | 22 | +4,257 | 7.06% | Q4 2025 | Jan 30, 2026 |
| Pekin Hardy Strauss, Inc. | History | Added to | 53,750 | 302 | 0.03% | 0.01% | 23 | +38,750 | 258.33% | Q4 2025 | Jan 30, 2026 |
| JANE STREET GROUP, LLC | History | Reduced | 53,127 | 298 | 0.0% | 0.0% | 24 | -2,237 | -4.04% | Q4 2025 | Feb 12, 2026 |
| Greenfield Seitz Capital Management, LLC | History | No change | 53,100 | 298 | 0.1% | 0.1% | 25 | 0 | 0.0% | Q4 2025 | Feb 12, 2026 |
| Creative Planning | History | Reduced | 52,867 | 297 | 0.0% | 0.0% | 26 | -4 | -0.01% | Q4 2025 | Feb 17, 2026 |
| Meixler Investment Management, Ltd. | History | Added to | 52,100 | 292 | 0.18% | 0.18% | 27 | +2,500 | 5.04% | Q4 2025 | Feb 13, 2026 |
| TWO SIGMA INVESTMENTS, LP | History | Reduced | 47,648 | 267 | 0.0% | 0.0% | 28 | -21,375 | -30.97% | Q4 2025 | Feb 17, 2026 |
| BANK OF AMERICA CORP /DE/ | History | Reduced | 45,080 | 253 | 0.0% | 0.0% | 29 | -1,562 | -3.35% | Q4 2025 | Feb 17, 2026 |
| Waverly Advisors, LLC | History | No change | 43,316 | 243 | 0.0% | 0.0% | 30 | 0 | 0.0% | Q4 2025 | Feb 17, 2026 |
| Atlas Wealth Partners, LLC | History | Added to | 40,656 | 228 | 0.25% | 0.22% | 31 | +5,506 | 15.66% | Q4 2025 | Jan 26, 2026 |
| Financial Sense Advisors, Inc. | History | Reduced | 40,383 | 226 | 0.04% | 0.14% | 32 | -99,351 | -71.1% | Q4 2025 | Feb 13, 2026 |
| FIRST FINANCIAL BANKSHARES INC | History | No change | 37,500 | 210 | 0.0% | 0.0% | 33 | 0 | 0.0% | Q4 2025 | Feb 12, 2026 |
| Janney Montgomery Scott LLC | History | New | 34,037 | 191 | 0.0% | — | 34 | +34,037 | New | Q4 2025 | Feb 11, 2026 |
| BOOTHBAY FUND MANAGEMENT, LLC | History | Added to | 33,414 | 187 | 0.0% | 0.0% | 35 | +11,710 | 53.95% | Q4 2025 | Feb 17, 2026 |
| AQR CAPITAL MANAGEMENT LLC | History | New | 32,482 | 182 | 0.0% | — | 36 | +32,482 | New | Q4 2025 | Feb 17, 2026 |
| Roundview Capital LLC | History | No change | 30,000 | 168 | 0.01% | 0.01% | 37 | 0 | 0.0% | Q4 2025 | Feb 09, 2026 |
| PECAUT & CO. | History | No change | 30,000 | 168 | 0.05% | 0.06% | 38 | 0 | 0.0% | Q4 2025 | Feb 10, 2026 |
| Key Client Fiduciary Advisors, LLC | History | New | 29,660 | 166 | 0.06% | — | 39 | +29,660 | New | Q4 2025 | Jan 28, 2026 |
| INGALLS & SNYDER LLC | History | No change | 28,650 | 161 | 0.01% | 0.01% | 40 | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| Clear Harbor Asset Management, LLC | History | No change | 28,825 | 161 | 0.01% | 0.01% | 41 | 0 | 0.0% | Q4 2025 | Feb 10, 2026 |
| OSAIC HOLDINGS, INC. | History | Reduced | 25,198 | 141 | 0.0% | 0.0% | 42 | -2,861 | -10.2% | Q4 2025 | Feb 17, 2026 |
| Welch Group, LLC | History | No change | 22,008 | 123 | 0.0% | 0.01% | 43 | 0 | 0.0% | Q4 2025 | Jan 26, 2026 |
| State of Wyoming | History | Reduced | 21,044 | 118 | 0.01% | 0.02% | 44 | -10,229 | -32.71% | Q4 2025 | Feb 11, 2026 |
| DWR WEALTH MANAGEMENT, LLC | History | New | 20,500 | 112 | 0.1% | — | 45 | +20,500 | New | Q4 2025 | Mar 31, 2026 |
| Beacon Pointe Advisors, LLC | History | No change | 17,000 | 95 | 0.0% | 0.0% | 46 | 0 | 0.0% | Q4 2025 | Feb 18, 2026 |
| Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors | History | No change | 15,682 | 88 | 0.01% | 0.01% | 47 | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| BECK MACK & OLIVER LLC | History | Reduced | 15,580 | 87 | 0.0% | 0.0% | 48 | -900 | -5.46% | Q4 2025 | Feb 12, 2026 |
| Private Advisor Group, LLC | History | Added to | 15,500 | 87 | 0.0% | 0.0% | 50 | +158 | 1.03% | Q4 2025 | Feb 17, 2026 |
| Financial Engines Advisors L.L.C. | History | No change | 15,534 | 87 | 0.0% | 0.0% | 49 | 0 | 0.0% | Q4 2025 | Feb 12, 2026 |
| FOUNDATION RESOURCE MANAGEMENT INC | History | No change | 14,565 | 81 | 0.01% | 0.01% | 51 | 0 | 0.0% | Q4 2025 | Jan 22, 2026 |
| WEDBUSH SECURITIES INC | History | No change | 13,500 | 76 | 0.0% | 0.0% | 52 | 0 | 0.0% | Q4 2025 | Feb 12, 2026 |
| Cetera Investment Advisers | History | New | 11,431 | 64 | 0.0% | — | 53 | +11,431 | New | Q4 2025 | Feb 17, 2026 |
| V-Square Quantitative Management LLC | History | New | 11,430 | 64 | 0.01% | — | 54 | +11,430 | New | Q4 2025 | Jan 22, 2026 |
| Westfuller Advisors, LLC | History | No change | 11,430 | 64 | 0.03% | 0.03% | 55 | 0 | 0.0% | Q4 2025 | Jan 21, 2026 |
| Cambridge Investment Research Advisors, Inc. | History | Reduced | 11,071 | 62 | 0.0% | 0.0% | 56 | -1,000 | -8.28% | Q4 2025 | Feb 05, 2026 |
| Evernest Financial Advisors, LLC | History | New | 11,000 | 61 | 0.01% | — | 57 | +11,000 | New | Q4 2025 | Feb 13, 2026 |
| RAHLFS CAPITAL, LLC | History | Reduced | 11,000 | 61 | 0.05% | 0.05% | 58 | -500 | -4.35% | Q4 2025 | Feb 05, 2026 |
| Kovack Advisors, Inc. | History | Reduced | 10,500 | 59 | 0.0% | 0.01% | 60 | -4,500 | -30.0% | Q4 2025 | Feb 17, 2026 |
| SIMPLEX TRADING, LLC | History | Added to | 10,532 | 59 | 0.0% | 0.0% | 59 | +2,855 | 37.19% | Q4 2025 | Feb 11, 2026 |
| GROUP ONE TRADING LLC | History | Reduced | 10,387 | 58 | 0.0% | 0.0% | 61 | -12,069 | -53.75% | Q4 2025 | Feb 12, 2026 |
| Pathstone Holdings, LLC | History | New | 10,424 | 58 | 0.0% | — | 62 | +10,424 | New | Q4 2025 | Feb 13, 2026 |
| NATIONAL BANK OF CANADA /FI/ | History | No change | 10,000 | 56 | 0.0% | 0.0% | 63 | 0 | 0.0% | Q4 2025 | Feb 17, 2026 |
| Corient Private Wealth LLC | History | No change | 10,129 | 56 | 0.0% | 0.0% | 64 | 0 | 0.0% | Q4 2025 | Mar 09, 2026 |
| UBS Group AG | History | Reduced | 8,295 | 46 | 0.0% | 0.0% | 65 | -21,356 | -72.02% | Q4 2025 | Jan 29, 2026 |
| AMERIFLEX GROUP, INC. | History | Reduced | 5,100 | 28 | 0.01% | 0.02% | 67 | -1,900 | -27.14% | Q4 2025 | Feb 18, 2026 |
| Wilmington Savings Fund Society, FSB | History | No change | 5,000 | 28 | 0.0% | 0.0% | 66 | 0 | 0.0% | Q4 2025 | Feb 12, 2026 |
| Morse Asset Management, Inc | History | Added to | 4,400 | 24 | 0.0% | 0.0% | 68 | +2,740 | 165.06% | Q4 2025 | Feb 03, 2026 |
| EFG International AG | History | New | 3,100 | 17 | 0.0% | — | 70 | +3,100 | New | Q4 2025 | Feb 17, 2026 |
| COMERICA BANK | History | Reduced | 3,030 | 17 | 0.0% | 0.0% | 69 | -912 | -23.14% | Q4 2025 | Jan 29, 2026 |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | History | New | 3,000 | 16 | 0.0% | — | 71 | +3,000 | New | Q4 2025 | Feb 03, 2026 |
| FMR LLC | History | Reduced | 2,546 | 14 | 0.0% | 0.0% | 72 | -671 | -20.86% | Q4 2025 | Feb 17, 2026 |
| ROTHSCHILD INVESTMENT LLC | History | No change | 2,337 | 13 | 0.0% | 0.0% | 73 | 0 | 0.0% | Q4 2025 | Feb 10, 2026 |
| SouthState Bank Corp | History | No change | 2,000 | 11 | 0.0% | 0.0% | 74 | 0 | 0.0% | Q4 2025 | Feb 11, 2026 |
| Steward Partners Investment Advisory, LLC | History | Added to | 1,442 | 8 | 0.0% | 0.0% | 75 | +405 | 39.05% | Q4 2025 | Feb 12, 2026 |
| Sunbelt Securities, Inc. | History | No change | 1,275 | 7 | 0.0% | 0.0% | 76 | 0 | 0.0% | Q4 2025 | Feb 20, 2026 |
| CWM, LLC | History | Added to | 1,042 | 6 | 0.0% | — | 78 | +1,000 | 2380.95% | Q4 2025 | Jan 26, 2026 |
| MAI Capital Management | History | No change | 1,150 | 6 | 0.0% | 0.0% | 77 | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| Tower Research Capital LLC (TRC) | History | Added to | 611 | 3 | 0.0% | 0.0% | 79 | +147 | 31.68% | Q4 2025 | Feb 17, 2026 |
| Motiv8 Investments LLC | History | New | 375 | 2 | 0.0% | — | 83 | +375 | New | Q4 2025 | Feb 13, 2026 |
| BlackRock, Inc. | History | Reduced | 376 | 2 | 0.0% | 0.0% | 82 | -206 | -35.4% | Q4 2025 | Feb 12, 2026 |
| IFP Advisors, Inc | History | No change | 395 | 2 | 0.0% | 0.0% | 80 | 0 | 0.0% | Q4 2025 | Feb 06, 2026 |
| Financial Gravity Asset Management, Inc. | History | No change | 366 | 2 | 0.0% | 0.0% | 81 | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |
| TUCKER ASSET MANAGEMENT LLC | History | New | 264 | 1 | 0.0% | — | 87 | +264 | New | Q4 2025 | Feb 05, 2026 |
| Allworth Financial LP | History | New | 250 | 1 | 0.0% | — | 85 | +250 | New | Q4 2025 | Feb 05, 2026 |
| Physician Wealth Advisors, Inc. | History | New | 245 | 1 | 0.0% | — | 86 | +245 | New | Q4 2025 | Jan 29, 2026 |
| Plante Moran Financial Advisors, LLC | History | No change | 197 | 1 | 0.0% | 0.0% | 84 | 0 | 0.0% | Q4 2025 | Feb 05, 2026 |
| RR Advisors, LLC | History | Closed out | 0 | 0 | — | 0.43% | — | -303,000 | -100.0% | Q3 2025 | Nov 13, 2025 |
| Verition Fund Management LLC | History | Closed out | 0 | 0 | — | 0.0% | — | -160,249 | -100.0% | Q3 2025 | Nov 14, 2025 |
| PEAK6 LLC | History | Closed out | 0 | 0 | — | 0.0% | — | -48,200 | -100.0% | Q3 2025 | Mar 30, 2026 |
| Heritage Trust Co | History | Closed out | 0 | 0 | — | 0.02% | — | -30,201 | -100.0% | Q3 2025 | Nov 12, 2025 |
| Quadrature Capital Ltd | History | Closed out | 0 | 0 | — | 0.0% | — | -23,554 | -100.0% | Q3 2025 | Nov 13, 2025 |
| OneDigital Investment Advisors LLC | History | Closed out | 0 | 0 | — | 0.0% | — | -13,997 | -100.0% | Q3 2025 | Nov 10, 2025 |
| Manchester Capital Management LLC | History | Closed out | 0 | 0 | — | 0.0% | — | -3,610 | -100.0% | Q3 2025 | Nov 14, 2025 |
| Private Wealth Asset Management, LLC | History | Closed out | 0 | 0 | — | 0.0% | — | -1,300 | -100.0% | Q3 2025 | Nov 03, 2025 |
| Quarry LP | History | Closed out | 0 | 0 | — | 0.0% | — | -1,185 | -100.0% | Q3 2025 | Nov 14, 2025 |
| Newbridge Financial Services Group, Inc. | History | Reduced | 106 | 0 | — | 0.0% | — | -615 | -85.3% | Q4 2025 | Jan 21, 2026 |
| US BANCORP \DE\ | History | Closed out | 0 | 0 | — | 0.0% | — | -206 | -100.0% | Q3 2025 | Nov 12, 2025 |
| Farther Finance Advisors, LLC | History | Closed out | 0 | 0 | — | — | — | -70 | -100.0% | Q3 2025 | Oct 14, 2025 |
| Arax Advisory Partners | History | No change | 6 | 0 | — | — | — | 0 | 0.0% | Q4 2025 | Feb 13, 2026 |