San Juan Basin Royalty Trust
SJTInstitutional ownership · Q3 2025
Latest quarter (Q2 2026)
Institutional holders
88
+2 (+2.3%) vs Q2 2025
Reported value
$91.6M
+1.7% vs Q2 2025
Shares held
15.2M
+108.7K shares
Quarter
Q3 2025
Period ended Sep 30, 2025
88 institutional managers reported holding 15,169,373 shares worth $91,616,984 on Form 13F for Q3 2025, against 86 in Q2 2025. Share positions on CUSIP 798241105 only; option legs and principal-amount lines are not counted.
Top 25 institutional holders · Q3 2025
| # | Manager | Shares | Value | % of portfolio | Change | Position page |
|---|---|---|---|---|---|---|
| 1 | HORIZON KINETICS ASSET MANAGEMENT LLC | 5,611,981 | $33.9M | 0.41% | +1.0M | Position |
| 2 | CANNELL CAPITAL LLC | 1,213,124 | $7.3M | 1.12% | -1.0M | Position |
| 3 | MORGAN STANLEY | 925,497 | $5.6M | < 0.01% | +100.3K | Position |
| 4 | Mountaineer Partners Management LLC | 719,054 | $4.3M | 2.53% | — | Position |
| 5 | Ashton Thomas Private Wealth LLC | 637,707 | $3.9M | 0.1% | -3.5K | Position |
| 6 | Moors & Cabot Inc | 607,450 | $3.7M | 0.16% | +325.1K | Position |
| 7 | Principia Wealth Advisory LLC | 578,756 | $3.5M | 2.41% | -62.7K | Position |
| 8 | KINGSWOOD WEALTH ADVISORS LLC | 491,900 | $3.0M | 0.18% | +6.1K | Position |
| 9 | PUNCH & ASSOCIATES INVESTMENT MANAGEMENT INC | 443,701 | $2.7M | 0.16% | New | Position |
| 10 | LPL Financial LLC | 417,495 | $2.5M | < 0.01% | +16.0K | Position |
| 11 | Lesa Sroufe & Co | 339,978 | $2.1M | 1.66% | +3.3K | Position |
| 12 | MCDANIEL TERRY & CO | 318,076 | $1.9M | 0.15% | — | Position |
| 13 | RAYMOND JAMES FINANCIAL INC | 306,732 | $1.9M | < 0.01% | -31.3K | Position |
| 14 | RR Advisors LLC | 303,000 | $1.8M | 0.43% | -113.0K | Position |
| 15 | Advisory Services Network LLC | 237,397 | $1.4M | 0.02% | — | Position |
| 16 | Mraz Amerine & Associates Inc | 184,236 | $1.1M | 0.17% | -4.0K | Position |
| 17 | SUSQUEHANNA INTERNATIONAL GROUP LLP | 165,877 | $1.0M | < 0.01% | -88.9K | Position |
| 18 | Verition Fund Management LLC | 160,249 | $967.9K | < 0.01% | -244.4K | Position |
| 19 | Financial Sense Advisors Inc | 139,734 | $844.0K | 0.14% | New | Position |
| 20 | WELLS FARGO & COMPANY MN | 76,277 | $460.7K | < 0.01% | -3.1K | Position |
| 21 | CITADEL ADVISORS LLC | 76,102 | $459.7K | < 0.01% | +43.7K | Position |
| 22 | TWO SIGMA INVESTMENTS LP | 69,023 | $416.9K | < 0.01% | +11.9K | Position |
| 23 | Pingora Partners LLC | 63,946 | $386.2K | 0.26% | — | Position |
| 24 | Delta Investment Management LLC | 60,308 | $364.3K | 0.07% | -1.6K | Position |
| 25 | ROYAL BANK OF CANADA | 56,124 | $339.0K | < 0.01% | +3.9K | Position |
Values as reported on each manager's Q3 2025 Form 13F. Change is in shares against the manager's prior-quarter filing.
13F holders by quarter
| Quarter | Holders | Shares | Value |
|---|---|---|---|
| Q2 2026 | 83 -7 | 17.3M | $55.6M |
| Q1 2026 | 90 -1 | 16.5M | $79.1M |
| Q4 2025 | 91 +3 | 15.5M | $86.9M |
| Q3 2025 | 88 +2 | 15.2M | $91.6M |
| Q2 2025 | 86 | 15.1M | $90.1M |
| Q1 2025 | 86 -1 | 13.2M | $72.7M |
| Q4 2024 | 87 +11 | 9.0M | $34.5M |
| Q3 2024 | 76 | 7.1M | $28.1M |
| Q2 2024 | 76 -6 | 6.1M | $24.7M |
| Q1 2024 | 82 -15 | 5.8M | $38.3M |
| Q4 2023 | 97 | 4.9M | $24.9M |
| Q3 2023 | 97 -2 | 4.0M | $27.6M |
| Q2 2023 | 99 +8 | 6.3M | $47.1M |
| Q1 2023 | 91 -10 | 6.9M | $72.9M |
| Q4 2022 | 101 +23 | 7.5M | $85.9M |
| Q3 2022 | 78 -2 | 6.6M | $61.6M |
| Q2 2022 | 80 +12 | 5.8M | $50.1M |
| Q1 2022 | 68 +14 | 6.0M | $52.3M |
| Q4 2021 | 54 +2 | 5.5M | $33.1M |
| Q3 2021 | 52 | 4.7M | $23.5M |
Q3 2021–Q2 2026, as reported on Form 13F. Earlier quarters are in the ownership explorer below.
Across other SEC filings
Fund holders · N-PORT
3 funds| Fund | Value | % of fund | As of |
|---|---|---|---|
| Horizon Kinetics Inflation Beneficiaries ETF INFL | $4.1M | 0.28% | Jun 2026 |
| Pinnacle Value Fund | $825.9K | 2.13% | Jun 2026 |
| Horizon Kinetics Energy and Remediation ETF NVIR | $42.3K | 0.73% | Jun 2026 |
3 funds reported holding $4,987,775 in total on their latest public Form N-PORT reports, the most recent dated June 2026.
5%+ holders · 13D/G
1 filer| Filer | % of class | Filed |
|---|---|---|
| HORIZON KINETICS ASSET MANAGEMENT LLC 13G | 16.1% | 2026-07-31 |
Latest Schedule 13D or 13G from each filer naming this CUSIP; stakes a filer has reported closed are left out.
Annual & quarterly reports
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10-K · Filed 2026-03-27Business · Risk Factors
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Controls and Procedures · Legal Proceedings · Risk Factors
Ownership explorer
Loading ownership explorer…
Security Details
| CUSIP | 798241105 |
|---|---|
| FIGI | BBG001S5W3M9 |
| Symbol | SJT |
| Type | Unit |
| Class | UNIT BEN INT as filed on 13F |
| Exchange | NYSE |
| Company | San Juan Basin Royalty Trust |
Identifier History
| Type | Value | From | To |
|---|---|---|---|
| FIGI | BBG001S5W3M9 | 2026-02-07 | Current |
| CUSIP | 798241105 | 1996-06-30 | Current |
Listing History
| Symbol | Exchange | From | To |
|---|---|---|---|
| SJT | NYSE | 2004-04-21 | Current |