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Livermore
Livermore
ZHEN

SoftVest Advisors, LLC

SEC CIK
0001803391
Latest filing
Aug 14, 2026

The latest 13F from SoftVest Advisors, LLC covers Q2 2026 (filed Aug 14, 2026): 3 long positions worth $628.9M. The top 10 holdings make up 100.0% of the portfolio, and the largest is Texas Pacific Land Corp (TPL) at 73.9%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
0
Added
1
Est. +$2.05M
Reduced
0
Sold out
0

Top 5 holdings

Share of this quarter's portfolio value

  1. TPLTexas Pacific Land Corp
    73.9%$464.8MHistory
  2. PBTPermian Basin Royalty Trust
    24.8%$155.7MHistory
  3. CRTCross Timbers Royalty Trust
    1.3%$8.36MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. CRTCross Timbers Royalty Trust
    +$2.05MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. CRTCross Timbers Royalty Trust
    +0.19 pp1.1% → 1.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

None this quarter.

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

None this quarter.

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$628.9M
−$16.4M (−2.5%) vs. prior quarter
Positions
3
0 vs. prior quarter
Top 10 concentration
100.0%
Top 10 as share of value
Turnover
0.0%
Q2 2026, one quarter
Average holding period
21.7 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $645.2M (Q1 2026)

Q1 2021: $235.2MQ2 2021: $237.5MQ3 2021: $189.7MQ4 2021: $204.5MQ1 2022: $226.3MQ2 2022: $264.2MQ3 2022: $301.5MQ4 2022: $412.7MQ1 2023: $324.3MQ2 2023: $276.8MQ3 2023: $327.2MQ4 2023: $264.2MQ1 2024: $280.5MQ2 2024: $339.2MQ3 2024: $401.7MQ4 2024: $499.5MQ1 2025: $565.0MQ2 2025: $492.8MQ3 2025: $480.9MQ4 2025: $444.7MQ1 2026: $645.2MQ2 2026: $628.9M
Q1 2021Q2 2026
13F filings of SoftVest Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 20263$628.9MTPLPBTCRTvs. Q1 2026SEC
Q1 2026May 15, 20263$645.2MTPLPBTCRTvs. Q4 2025SEC
Q4 2025Feb 13, 20262$444.7MTPLPBTvs. Q3 2025SEC
Q3 2025Nov 12, 20252$480.9MTPLPBTvs. Q2 2025SEC
Q2 2025Aug 14, 20252$492.8MTPLPBTvs. Q1 2025SEC
Q1 2025May 15, 20252$565.0MTPLPBTvs. Q4 2024SEC
Q4 2024Feb 13, 20253$499.5MTPLPBTiShares Trvs. Q3 2024SEC
Q3 2024Nov 14, 20243$401.7MTPLPBTARLPvs. Q2 2024SEC
Q2 2024Aug 13, 20243$339.2MTPLPBTARLPvs. Q1 2024SEC
Q1 2024May 14, 20243$280.5MTPLPBTARLPvs. Q4 2023SEC
Q4 2023Feb 14, 20243$264.2MTPLPBTARLPvs. Q3 2023SEC
Q3 2023Nov 14, 20233$327.2MTPLPBTARLPvs. Q2 2023SEC
Q2 2023Aug 14, 20234$276.8MTPLPBTARLPvs. Q1 2023SEC
Q1 2023May 15, 20233$324.3MTPLPBTARLPvs. Q4 2022SEC
Q4 2022Feb 14, 20233$412.7MTPLPBTARLPvs. Q3 2022SEC
Q3 2022Nov 14, 20223$301.5MTPLPBTARLPvs. Q2 2022SEC
Q2 2022Aug 12, 20223$264.2MTPLPBTARLPvs. Q1 2022SEC
Q1 2022May 13, 20223$226.3MTPLPBTARLPvs. Q4 2021SEC
Q4 2021Feb 14, 20226$204.5MTPLPBTKRPvs. Q3 2021SEC
Q3 2021Nov 15, 20216$189.7MTPLBSMPBTvs. Q2 2021SEC
Q2 2021Aug 16, 20216$237.5MTPLBSMPBTvs. Q1 2021SEC
Q1 2021May 17, 20216$235.2MTPLBSMPBT–SEC

13D and 13G filings

Companies where SoftVest Advisors, LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

2 companies, largest stake first.

Companies where SoftVest Advisors, LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
CRTCross Timbers Royalty Trust13G/A15.42%925.0K shares+1.16 ppfrom 14.26%Mar 27, 20263 filingsJul 9, 2026SEC
PBTPermian Basin Royalty Trust13D/A13.30%6.22M shares0.00 ppfrom 13.30%Feb 14, 202211 filingsJul 29, 2026SEC

Latest filings

14 filings on file made by SoftVest Advisors, LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by SoftVest Advisors, LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
PBTPermian Basin Royalty TrustJul 29, 20269:43 PM ET13D/A13.30%6.22M shares0.00 ppfrom 13.30%Jul 28, 2026SEC
CRTCross Timbers Royalty TrustJul 9, 20265:24 PM ET13G/A15.42%925.0K shares+1.16 ppfrom 14.26%Jun 30, 2026SEC
CRTCross Timbers Royalty TrustJun 2, 20265:33 PM ET13G/A14.26%855.9K shares+3.77 ppfrom 10.49%Mar 31, 2026SEC
PBTPermian Basin Royalty TrustMay 18, 20268:43 AM ET13D/A13.30%6.22M shares0.00 ppfrom 13.30%May 17, 2026SEC
CRTCross Timbers Royalty TrustMar 27, 20266:02 PM ET13G10.49%629.4K sharesNewMar 23, 2026SEC
PBTPermian Basin Royalty TrustDec 29, 20257:17 PM ET13D/A13.30%6.22M shares0.00 ppfrom 13.30%Dec 26, 2025SEC
PBTPermian Basin Royalty TrustOct 16, 20254:54 PM ET13D/A13.30%6.22M shares0.00 ppfrom 13.30%Oct 15, 2025SEC
PBTPermian Basin Royalty TrustOct 10, 20256:23 PM ET13D/A13.30%6.22M shares0.00 ppfrom 13.30%Oct 9, 2025SEC
PBTPermian Basin Royalty TrustOct 10, 20258:53 AM ET13D13.30%6.22M shares0.00 ppfrom 13.30%Oct 9, 2025SEC
PBTPermian Basin Royalty TrustJul 8, 20259:35 PM ET13G/A13.30%6.21M shares+3.80 ppfrom 9.50%Jun 30, 2025SEC
PBTPermian Basin Royalty TrustFeb 13, 20252:18 PM ET13G/A9.50%4.43M shares–Dec 31, 2024SEC
PBTPermian Basin Royalty TrustFeb 14, 202413G/AOld format–––SEC
PBTPermian Basin Royalty TrustFeb 13, 202313G/AOld format–––SEC
PBTPermian Basin Royalty TrustFeb 14, 202213GOld format–New–SEC