SA
SoftVest Advisors, LLC 13F Portfolio Snapshot & Holdings (Q2 2026)
SoftVest Advisors, LLCCIK: 0001803391
Concentrated strategySector-focusedMomentum follower
Total reported value
$921.1M
Reporting period: 2026-06-30 · Number of holdings: 9
SoftVest Advisors, LLC disclosed 9 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $921.1M and a quarterly turnover rate of 11.7%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 11.75
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 14
- Sizing Uniformity
- 81.37
SoftVest Advisors, LLC's disclosed holdings carry a Herfindahl concentration index of 0.568 — mathematically equivalent to about 2 equally-sized positions, well below its 9 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.86), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 38.5 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim TPL
+4.8% -$23.2M
New buy USO
New buy TLT
Add PBT
0.0% $21.9M
New buy SPY
Trim XOP
0.0% -$5.0M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 7 holdings (of 9 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | TPL | Texas Pacific Land CORP | Stock-Energy | 73.28% | -6.78% | +4.83% | |
| 2 | PBT | Permian Basin Royalty Trust | Stock-Other | 16.90% | +1.56% | — | |
| 3 | XOP | Ss Spdr S&p Og Exp & Prod | ETF-Other | 3.01% | -0.74% | — | |
| 4 | USO | United States Oil Fund LP | ETF-Other | 2.31% | +2.31% | NEW | |
| 5 | TLT | Ishares 20+ Year Treasury Bd | ETF-Gov Bonds | 2.08% | +2.08% | NEW | |
| 6 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.50% | +1.50% | NEW | |
| 7 | CRT | Cross Timbers Royalty Trust | Stock-Other | 0.91% | +0.06% | +32.54% |
Portfolio Performance
Performance for Q3 2026
-0.1%
Performance Last 4 Quarters
+28.3%
- Stdev
- +34.3%
- Beta
- +0.13
- Alpha
- +21.4%
- Max Drawdown
- -26.7%
- Annualized Perf
- +20.4%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +1.5
- Stutzer
- +0.21
- Treynor
- +1.84
- Sterling
- +0.68
- Calmar
- +0.76
- Information Ratio
- +0.11
- Tracking Error
- +36.1%
- Stdev Down
- +16%
- Winning Months %
- +52.8%
- Losing Months %
- +47.2%
- Best 12 Months
- +79.9%
- Worst 12 Months
- -10.4%
- Efficiency Ratio
- +0.31
- Sharpe
- +0.7
- Stdev Sectors
- 0%
- Skewness
- +1.17
- Kurtosis
- +2.35
- Upside Potential
- +3.22
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 9 | $921.1M | 12 | ||
| 2026 Q1 | 5 | $872.1M | 63 | ||
| 2025 Q4 | 3 | $455.2M | 8 | ||
| 2025 Q3 | 3 | $491.9M | 100 | ||
| 2025 Q2 | 6 | $795.3M | 0 | ||
| 2025 Q1 | 6 | $1.1B | 100 | ||
| 2024 Q4 | 10 | $993.4M | 0 | ||
| 2024 Q3 | 6 | $602.7M | 0 | ||
| 2024 Q2 | 4 | $355.3M | 0 | ||
| 2024 Q1 | 4 | $296.0M | 0 | ||
| 2023 Q4 | 5 | $300.2M | 0 | ||
| 2023 Q3 | 6 | $361.3M | 0 | ||
| 2023 Q2 | 5 | $289.6M | 0 | ||
| 2023 Q1 | 3 | $324.3M | 0 | ||
| 2022 Q4 | 5 | $429.7M | 0 | ||
| 2022 Q3 | 6 | $322.3M | 0 | ||
| 2022 Q2 | 6 | $287.7M | 0 | ||
| 2022 Q1 | 6 | $273.4M | 0 | ||
| 2021 Q4 | 11 | $330.1M | 0 | ||
| 2021 Q3 | 10 | $224.2M | 0 | ||
| 2021 Q2 | 9 | $255.7M | 100 | ||
| 2021 Q1 | 9 | $338.9M | 100 | ||
| 2020 Q4 | 8 | $224.4M | 100 | ||
| 2020 Q3 | 8 | $216.2M | 31 | ||
| 2020 Q2 | 8 | $191.4M | 100 | ||
| 2020 Q1 | 9 | $158.3M | 100 | ||
| 2019 Q4 | 3 | $175.7M | 0 |
Holding changes this quarter
SoftVest Advisors, LLC's most significant position changes for 2026-06-30: New buy: United States Oil Fund LP (USO); New buy: Ishares 20+ Year Treasury Bd (TLT); New buy: Ss Spdr S&p 500 ETF Trust-us (SPY); Add: Texas Pacific Land CORP (TPL) — shares +4.83%; Add: Cross Timbers Royalty Trust (CRT) — shares +32.54%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | USO | United States Oil Fund LP | +2.3% | NEW | New buy |
| 2 | TLT | Ishares 20+ Year Treasury Bd | +2.1% | NEW | New buy |
| 3 | PBT | Permian Basin Royalty Trust | +1.6% | — | Unchanged |
| 4 | SPY | Ss Spdr S&p 500 ETF Trust-us | +1.5% | NEW | New buy |
| 5 | CRT | Cross Timbers Royalty Trust | +0.1% | +32.54% | Add |
| 6 | XOP | Ss Spdr S&p Og Exp & Prod | -0.7% | — | Unchanged |
| 7 | TPL | Texas Pacific Land CORP | -6.8% | +4.83% | Add |
Filing History
FAQ
What is SoftVest Advisors, LLC and what type of investor is it?
SoftVest Advisors, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $921.1M, spread across 9 disclosed positions.
What are SoftVest Advisors, LLC's largest equity positions?
Based on the latest 13F filing, SoftVest Advisors, LLC's top holdings by market value are:
1. Texas Pacific Land CORP (TPL) — $675.0M (73.3%)
2. Permian Basin Royalty Trust (PBT) — $155.7M (16.9%)
3. Ss Spdr S&p Og Exp & Prod (XOP) — $27.8M (3.0%)
4. United States Oil Fund LP (USO) — $21.3M (2.3%)
5. Ishares 20+ Year Treasury Bd (TLT) — $19.2M (2.1%)
What changes did SoftVest Advisors, LLC make in its most recent portfolio filing?
In the latest quarter, SoftVest Advisors, LLC was primarily adding exposure — initiating 3 new positions and adding to 2 existing holdings. The largest of these moves: New buy: United States Oil Fund LP (USO); New buy: Ishares 20+ Year Treasury Bd (TLT); New buy: Ss Spdr S&p 500 ETF Trust-us (SPY); Add: Texas Pacific Land CORP (TPL) — shares +4.83%; Add: Cross Timbers Royalty Trust (CRT) — shares +32.54%
What sectors does SoftVest Advisors, LLC focus on?
SoftVest Advisors, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Energy: 100.0%
Investment Profile
SoftVest Advisors, LLC returned an annualized 20.4% over the trailing 36 months — outperforming the S&P 500 by 21.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.13 (less volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is concentrated and long-term-holding, with 100.0% of the portfolio concentrated in Energy.
It has added to its PBT position for two straight quarters, increasing it by $50.1M to reach $155.7M.
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Developer Access
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REST API
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