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San Juan Basin Royalty Trust

SJT
Exchange
NYSE
Industry
Oil Royalty Traders
SEC CIK
0000319655

No open-market purchases or sales by San Juan Basin Royalty Trust insiders were filed in the last 90 days; 82 institutions reported holding it in 13F filings for Q2 2026, worth $55.6M in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in San Juan Basin Royalty Trust as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
90
+4 vs. Q3 2025
Shares held
15.4M
+277.1K (+1.8%) vs. Q3 2025
Total value
$86.8M
−$4.81M (−5.3%) vs. Q3 2025
New holders
14
24 more added
Sold out
10
26 more reduced

2 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting SJT on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 90 institutions
Q1 2021: 43 institutionsQ2 2021: 51 institutionsQ3 2021: 58 institutionsQ4 2021: 62 institutionsQ1 2022: 77 institutionsQ2 2022: 86 institutionsQ3 2022: 83 institutionsQ4 2022: 102 institutionsQ1 2023: 93 institutionsQ2 2023: 100 institutionsQ3 2023: 99 institutionsQ4 2023: 97 institutionsQ1 2024: 82 institutionsQ2 2024: 76 institutionsQ3 2024: 77 institutionsQ4 2024: 87 institutionsQ1 2025: 86 institutionsQ2 2025: 86 institutionsQ3 2025: 88 institutionsQ4 2025: 90 institutionsQ1 2026: 89 institutionsQ2 2026: 82 institutions
Value heldQ4 2025: $86.8M
Q1 2021: $26.3MQ2 2021: $34.5MQ3 2021: $24.3MQ4 2021: $34.1MQ1 2022: $56.0MQ2 2022: $50.6MQ3 2022: $62.0MQ4 2022: $85.9MQ1 2023: $72.9MQ2 2023: $47.1MQ3 2023: $27.6MQ4 2023: $24.9MQ1 2024: $38.3MQ2 2024: $24.7MQ3 2024: $26.1MQ4 2024: $34.5MQ1 2025: $72.7MQ2 2025: $90.1MQ3 2025: $91.6MQ4 2025: $86.8MQ1 2026: $79.1MQ2 2026: $55.6M
Institutions holding SJT and their total value by quarter
QuarterHoldersValue
Q2 202682$55.6M
Q1 202689$79.1M
Q4 202590$86.8M
Q3 202588$91.6M
Q2 202586$90.1M
Q1 202586$72.7M
Q4 202487$34.5M
Q3 202477$26.1M
Q2 202476$24.7M
Q1 202482$38.3M
Q4 202397$24.9M
Q3 202399$27.6M
Q2 2023100$47.1M
Q1 202393$72.9M
Q4 2022102$85.9M
Q3 202283$62.0M
Q2 202286$50.6M
Q1 202277$56.0M
Q4 202162$34.1M
Q3 202158$24.3M
Q2 202151$34.5M
Q1 202143$26.3M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding San Juan Basin Royalty Trust; share changes are against Q3 2025.

Institutions holding SJT in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
SRS Capital Advisors, Inc.6$340.00%00.0%Unchanged
Newbridge Financial Services Group, Inc.106$5930.00%−615−85.3%Reduced
Plante Moran Financial Advisors, LLC197$1.11K0.00%00.0%Unchanged
UMA Financial Services, Inc.245$1.38K0.00%+245New
Allworth Financial LP250$1.41K0.00%−38−13.2%Reduced
Tucker Asset Management LLC264$1.49K0.00%+264New
Motiv8 Investments LLC375$2.00K0.00%+375New
Sofos Investments, Inc.366$2.06K0.00%00.0%Unchanged
BlackRock, Inc.376$2.11K0.00%−206−35.4%Reduced
IFP Advisors, Inc395$2.22K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)611$3.43K0.00%+147+31.7%Added
CWM, LLC1,042$6.00K0.00%+1,000+2,381.0%Added
MAI Capital Management1,150$6.46K0.00%00.0%Unchanged
Sunbelt Securities, Inc.1,275$7.17K0.00%00.0%Unchanged
Steward Partners Investment Advisory, LLC1,442$8.11K0.00%+405+39.1%Added
South State Corp.2,000$11.2K0.00%00.0%Unchanged
Rothschild Investment LLC2,337$13.1K0.00%00.0%Unchanged
FMR LLC2,546$14.3K0.00%−671−20.9%Reduced
International Assets Investment Management, LLC3,000$16.9K0.00%+3,000New
Comerica Bank3,030$17.0K0.00%−912−23.1%Reduced
EFG International AG3,100$17.4K0.00%+3,100New
Adkins Seale Capital Management LLC3,714$20.9K0.02%+3,714New
Morse Asset Management, Inc4,400$24.7K0.00%+2,740+165.1%Added
Bryn Mawr Trust Co5,000$28.1K0.00%00.0%Unchanged
Ameriflex Group, Inc.5,100$28.7K0.01%−1,900−27.1%Reduced
UBS Group AG8,295$46.6K0.00%−21,356−72.0%Reduced
National Bank of Canada10,000$56.2K0.00%00.0%Unchanged
CI Private Wealth, LLC10,129$56.9K0.00%00.0%Unchanged
Group One Trading, L.P.10,387$58.4K0.00%−12,069−53.7%Reduced
Pathstone Holdings, LLC10,424$58.6K0.00%+10,424New
Kovack Advisors, Inc.10,500$59.0K0.00%−4,500−30.0%Reduced
Simplex Trading, LLC10,532$59.2K0.00%+2,855+37.2%Added
Rahlfs Capital, LLC11,000$61.8K0.05%−500−4.3%Reduced
Evernest Financial Advisors, LLC11,000$61.9K0.01%+11,000New
Cambridge Investment Research Advisors, Inc.11,071$62.0K0.00%−1,000−8.3%Reduced
Westfuller Advisors, LLC11,430$64.2K0.03%00.0%Unchanged
V-Square Quantitative Management LLC11,430$64.2K0.01%+11,430New
Cetera Investment Advisers11,431$64.2K0.00%+11,431New
Wedbush Securities Inc13,500$76.0K0.00%00.0%Unchanged
Foundation Resource Management Inc14,565$81.9K0.01%00.0%Unchanged
Private Advisor Group, LLC15,500$87.1K0.00%+158+1.0%Added
Financial Engines Advisors L.L.C.15,534$87.3K0.00%00.0%Unchanged
Beck Mack & Oliver LLC15,580$87.6K0.00%−900−5.5%Reduced
Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors15,682$88.1K0.01%00.0%Unchanged
Beacon Pointe Advisors, LLC17,000$95.5K0.00%00.0%Unchanged
DWR Wealth Management, LLC20,500$113.0K0.10%+20,500New
State of Wyoming21,044$118.3K0.01%−10,229−32.7%Reduced
Welch Group, LLC22,008$123.7K0.00%00.0%Unchanged
Jane Street Group, LLC22,427$126.0K0.00%−7,437−24.9%Reduced
Advisor Group Holdings, Inc.25,198$141.6K0.00%−2,861−10.2%Reduced
Ingalls & Snyder LLC28,650$161.0K0.01%00.0%Unchanged
Clear Harbor Asset Management, LLC28,825$162.0K0.01%00.0%Unchanged
Key Client Fiduciary Advisors, LLC29,660$166.7K0.06%+29,660New
Roundview Capital LLC30,000$168.6K0.01%00.0%Unchanged
Pecaut & Co.30,000$168.6K0.05%00.0%Unchanged
AQR Capital Management LLC32,482$182.5K0.00%+32,482New
Boothbay Fund Management, LLC33,414$187.8K0.00%+11,710+54.0%Added
Janney Montgomery Scott LLC34,037$191.0K0.00%+34,037New
First Financial Bankshares Inc37,500$210.8K0.00%00.0%Unchanged
Financial Sense Advisors, Inc.40,383$227.0K0.04%−99,351−71.1%Reduced
Atlas Wealth Partners, LLC40,656$228.5K0.25%+5,506+15.7%Added
Warren Averett Asset Management, LLC43,316$243.4K0.00%00.0%Unchanged
Bank of America Corp45,080$253.3K0.00%−1,562−3.3%Reduced
Two Sigma Investments, LP47,648$267.8K0.00%−21,375−31.0%Reduced
Meixler Investment Management, Ltd.52,100$292.8K0.18%+2,500+5.0%Added
Creative Planning52,867$297.1K0.00%−40.0%Reduced
Greenfield Seitz Capital Management, LLC53,100$298.4K0.10%00.0%Unchanged
Pekin Hardy Strauss, Inc.53,750$302.1K0.03%+38,750+258.3%Added
Delta Investment Management, LLC64,565$362.9K0.06%+4,257+7.1%Added
Royal Bank of Canada68,922$387.0K0.00%+12,798+22.8%Added
Wells Fargo & Company74,662$419.6K0.00%−1,615−2.1%Reduced
XTX Topco Ltd81,722$459.3K0.01%+44,696+120.7%Added
Susquehanna International Group, LLP94,101$528.8K0.00%−71,776−43.3%Reduced
Pingora Partners LLC135,057$759.0K0.46%+71,111+111.2%Added
McDaniel Terry & Co170,288$957.0K0.08%−147,788−46.5%Reduced
Mraz, Amerine & Associates, Inc.184,236$1.04M0.15%00.0%Unchanged
Kingswood Wealth Advisors, LLC191,950$1.08M0.05%−299,950−61.0%Reduced
Advisory Services Network, LLC238,677$1.34M0.02%+1,280+0.5%Added
Citadel Advisors LLC241,775$1.36M0.00%+165,673+217.7%Added
Lesa Sroufe & Co340,390$1.91M1.42%+412+0.1%Added
Raymond James Financial Inc346,112$1.95M0.00%+39,380+12.8%Added
LPL Financial LLC407,116$2.29M0.00%−10,379−2.5%Reduced
Principia Wealth Advisory, LLC531,022$2.98M1.87%−47,734−8.2%Reduced
Punch & Associates Investment Management, Inc.700,000$3.93M0.23%+256,299+57.8%Added
Mountaineer Partners Management, LLC732,351$4.12M2.30%+13,297+1.8%Added
Moors & Cabot, Inc.736,300$4.14M0.18%+128,850+21.2%Added
Ashton Thomas Private Wealth, LLC770,224$4.33M0.11%+132,517+20.8%Added
Cannell Capital LLC835,799$4.70M3.00%−377,325−31.1%Reduced
Morgan Stanley1,156,904$6.50M0.00%+231,407+25.0%Added
Horizon Kinetics Asset Management LLC6,231,144$35.0M0.47%+619,163+11.0%Added
RR Advisors, LLC0$00.00%−303,000−100.0%Sold out
Verition Fund Management LLC0$00.00%−160,249−100.0%Sold out
Heritage Trust Co0$00.00%−30,201−100.0%Sold out
Quadrature Capital Ltd0$00.00%−23,554−100.0%Sold out
Resources Investment Advisors, LLC.0$00.00%−13,997−100.0%Sold out
Manchester Capital Management LLC0$00.00%−3,610−100.0%Sold out
Private Wealth Asset Management, LLC0$00.00%−1,300−100.0%Sold out
Quarry LP0$00.00%−1,185−100.0%Sold out
US Bancorp0$00.00%−206−100.0%Sold out
Farther Finance Advisors, LLC0$00.00%−70−100.0%Sold out