SoftVest Advisors, LLC

Concentrated strategySector-focusedMomentum follower

Total reported value

$872.1M

Reporting period: 2026-03-31 · Number of holdings: 5

SoftVest Advisors, LLC disclosed 5 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $872.1M and a quarterly turnover rate of 62.8%.

Personality snowflake

Concentration: 100
Portfolio Stability: 62.82
Momentum/Contrarian: 100
Sector conviction: 100
Diversification: 8
Sizing Uniformity: 85.11

Recent moves

Trim PBT
0.0%　$28.2M
Add TPL
+24.6%　$359.0M
Add XOP
+116.9%　$22.2M
New buy CRT

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 4 holdings (of 5 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	TPL	Texas Pacific Land CORP	Stock-Energy	80.06%	+5.55%	+24.59%
2	PBT	Permian Basin Royalty Trust	Stock-Other	15.34%	-7.85%	—
3	XOP	Ss Spdr S&p Og Exp & Prod	ETF-Other	3.75%	+1.45%	+116.87%
4	CRT	Cross Timbers Royalty Trust	Stock-Other	0.85%	+0.85%	NEW

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	5	$872.1M	63	1TPL 2PBT 3XOP Top holdings2026-03-31 1.TPL 2.PBT 3.XOP 4.CRT
2025-12-31	3	$455.2M	8	1TPL 2PBT 3XOP Top holdings2025-12-31 1.TPL 2.PBT 3.XOP
2025-09-30	3	$491.9M	100	1TPL 2PBT 3XOP Top holdings2025-09-30 1.TPL 2.PBT 3.XOP
2025-06-30	6	$795.3M	0	1TPL 2XOP 3SPY Top holdings2025-06-30 1.TPL 2.XOP 3.SPY 4.PBT 5.ARLP
2025-03-31	6	$1.1B	100	1TPL 2XOP 3SPY Top holdings2025-03-31 1.TPL 2.XOP 3.SPY 4.PBT 5.ARLP
2024-12-31	10	$993.4M	0	1TPL 2XOP 3SPY Top holdings2024-12-31 1.TPL 2.XOP 3.SPY 4.TLT 5.PBT 6.GLD 7.ARLP
2024-09-30	6	$602.7M	0	1TPL 2XOP 3PBT Top holdings2024-09-30 1.TPL 2.XOP 3.PBT 4.GLD 5.ARLP
2024-06-30	4	$355.3M	0	1TPL 2PBT 3GLD Top holdings2024-06-30 1.TPL 2.PBT 3.GLD 4.ARLP
2024-03-31	4	$296.0M	0	1TPL 2PBT 3GLD Top holdings2024-03-31 1.TPL 2.PBT 3.GLD 4.ARLP
2023-12-31	5	$300.2M	0	1TPL 2PBT 3SPY Top holdings2023-12-31 1.TPL 2.PBT 3.SPY 4.QQQ 5.ARLP
2023-09-30	6	$361.3M	0	1TPL 2PBT 3XOP Top holdings2023-09-30 1.TPL 2.PBT 3.XOP 4.QQQ 5.SPY 6.ARLP
2023-06-30	5	$289.6M	0	1TPL 2PBT 3XOP Top holdings2023-06-30 1.TPL 2.PBT 3.XOP 4.ARLP 5.PB
2023-03-31	3	$324.3M	0	1TPL 2PBT 3ARLP Top holdings2023-03-31 1.TPL 2.PBT 3.ARLP
2022-12-31	5	$429.7M	0	1TPL 2PBT 3TLT Top holdings2022-12-31 1.TPL 2.PBT 3.TLT 4.ARLP 5.XOP
2022-09-30	6	$322.3M	0	1TPL 2PBT 3TLT Top holdings2022-09-30 1.TPL 2.PBT 3.TLT 4.ARLP 5.XOP
2022-06-30	6	$287.7M	0	1TPL 2PBT 3TLT Top holdings2022-06-30 1.TPL 2.PBT 3.TLT 4.ARLP 5.XOP
2022-03-31	6	$273.4M	0	1TPL 2PBT 3QQQ Top holdings2022-03-31 1.TPL 2.PBT 3.QQQ 4.XOP 5.ARLP
2021-12-31	11	$330.1M	0	1TPL 2QQQ 3PBT Top holdings2021-12-31 1.TPL 2.QQQ 3.PBT 4.XOP 5.ARLP 6.KRP 7.BSM 8.BATL
2021-09-30	10	$224.2M	0	1TPL 2XOP 3BSM Top holdings2021-09-30 1.TPL 2.XOP 3.BSM 4.PBT 5.KRP 6.ARLP 7.BATL
2021-06-30	9	$255.7M	100	1TPL 2BSM 3XOP Top holdings2021-06-30 1.TPL 2.BSM 3.XOP 4.PBT 5.KRP 6.ARLP 7.BATL
2021-03-31	9	$338.9M	100	1TPL 2XOP 3XOM Top holdings2021-03-31 1.TPL 2.XOP 3.XOM 4.BSM 5.PBT 6.SICP 7.ARLP 8.BATL
2020-12-31	8	$224.4M	100	14642872TPLUSD 3BSM Top holdings2020-12-31 1.464287 2.TPLUSD 3.BSM 4.PBT 5.SICP 6.MNRLUSD 7.UPS 8.BATL
2020-09-30	8	$216.2M	31	1IWM 2TPLUSD 3BSM Top holdings2020-09-30 1.IWM 2.TPLUSD 3.BSM 4.USO 5.PBT 6.SICP 7.MNRLUSD 8.BATL
2020-06-30	8	$191.4M	100	1IWM 2TPLUSD 3BSM Top holdings2020-06-30 1.IWM 2.TPLUSD 3.BSM 4.PBT 5.USO 6.SICP 7.MNRLUSD 8.BATL
2020-03-31	9	$158.3M	100	1UPS 2TPLUSD 3HYG Top holdings2020-03-31 1.UPS 2.TPLUSD 3.HYG 4.XOP 5.BSM 6.PBT 7.SICP 8.BATL
2019-12-31	3	$175.7M	0	1TPLUSD 2XOPUSD 3SICP Top holdings2019-12-31 1.TPLUSD 2.XOPUSD 3.SICP

Holding changes this quarter

SoftVest Advisors, LLC's most significant position changes for 2026-03-31: New buy: Cross Timbers Royalty Trust (CRT); Add: Texas Pacific Land CORP (TPL) — shares +24.59%; Add: Ss Spdr S&p Og Exp & Prod (XOP) — shares +116.87%.

Position changes disclosed by SoftVest Advisors, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	TPL	Texas Pacific Land CORP	+5.6%	+24.59%	Add
2	XOP	Ss Spdr S&p Og Exp & Prod	+1.5%	+116.87%	Add
3	PBT	Permian Basin Royalty Trust	-7.9%	—	Unchanged
4	CRT	Cross Timbers Royalty Trust	—	NEW	New buy

FAQ

What is SoftVest Advisors, LLC and what type of investor is it?

SoftVest Advisors, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $872.1M, spread across 5 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) — $698.2M (80.1%) 2. Permian Basin Royalty Trust (PBT) — $133.8M (15.3%) 3. Ss Spdr S&p Og Exp & Prod (XOP) — $32.7M (3.8%) 4. Cross Timbers Royalty Trust (CRT) — $7.4M (0.8%)

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 1 new positions and adding to 2 existing holdings. The largest of these moves: New buy: Cross Timbers Royalty Trust (CRT); Add: Texas Pacific Land CORP (TPL) — shares +24.59%; Add: Ss Spdr S&p Og Exp & Prod (XOP) — shares +116.87%

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%