SoftVest Advisors
ABILENE, TXfiles as SoftVest Advisors, LLC
$629m in 3 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 4.2% of the portfolio this quarter.
Value
$629m
Stocks
3
Top 10 share
100.0%
Turnover
4.2%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
- Cross Timbers Royalty TrustCRT1.3% of the fund+33%
Cut
Sold some of their stake.
None this quarter.
Sold out
Sold their entire stake.
None this quarter.
Holdings
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Texas Pacific LandTPL | 73.9% | $465m | 1,062,099 | Held |
| Permian Basin Royalty TrustPBT | 24.8% | $156m | 6,217,107 | Held |
| Cross Timbers Royalty TrustCRT | 1.3% | $8m | 924,960 | +33% |
Options (6)
- Texas Pacific LandTPL
- Type
- Put
- Value
- $210m
- Contracts
- 480,200
- Spdr Series TrustXOP
- Type
- Put
- Value
- $28m
- Contracts
- 180,000
- Ishares TRTLT
- Type
- Call
- Value
- $19m
- Contracts
- 222,800
- United STS Oil FD LPUSO
- Type
- Put
- Value
- $16m
- Contracts
- 150,000
- State STR Spdr S&P 500 ETF TSPY
- Type
- Put
- Value
- $14m
- Contracts
- 18,500
- United STS Oil FD LPUSO
- Type
- Call
- Value
- $5m
- Contracts
- 50,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| Texas Pacific LandTPL | Put | $210m | 480,200 |
| Spdr Series TrustXOP | Put | $28m | 180,000 |
| Ishares TRTLT | Call | $19m | 222,800 |
| United STS Oil FD LPUSO | Put | $16m | 150,000 |
| State STR Spdr S&P 500 ETF TSPY | Put | $14m | 18,500 |
| United STS Oil FD LPUSO | Call | $5m | 50,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 27.6% since 30 June 2025.
Where the money is
Energy73.9%
Financial services26.1%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.