SAN JUAN BASIN ROYALTY TRUST (SJT) — Institutional Holders, Q2 2026
83 institutional investment managers reported a SJT position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $55.6M. Every filer is listed below, ranked by position value. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
SJT in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- HORIZON KINETICS ASSET MANAGEMENTAdded · +515,179 sh+$1.7M
- CANNELL CAPITALAdded · +303,297 sh+$973.6K
- Lesa SroufeAdded · +234,394 sh+$752.4K
- MARSHALL WACE, LLPAdded · +146,452 sh+$470.1K
- JANE STREET GROUPAdded · +132,474 sh+$425.2K
Biggest sellers
- PUNCH & ASSOCIATES INVESTMENT MANAGEMENTTrimmed · -297,811 sh-$956.0K
- LPL FinancialTrimmed · -232,127 sh-$745.1K
- Beacon Pointe AdvisorsTrimmed · -73,334 sh-$235.4K
- SUSQUEHANNA INTERNATIONAL GROUP, LLPTrimmed · -64,181 sh-$206.0K
- MORGAN STANLEYTrimmed · -54,770 sh-$175.8K
SJT 13F holders ranked 1–83 of 83
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | HORIZON KINETICS ASSET MANAGEMENT#1 · 7,494,020 sh | 7,494,020 | $24.1M | 0.27% | +7.4% |
| 2 | MORGAN STANLEY#2 · 1,563,319 sh | 1,563,319 | $5.0M | <0.01% | -3.4% |
| 3 | CANNELL CAPITAL#3 · 1,212,760 sh | 1,212,760 | $3.9M | 2.61% | +33.3% |
| 4 | Ashton Thomas Private Wealth#4 · 946,043 sh | 946,043 | $3.0M | 0.06% | +9.0% |
| 5 | Moors & Cabot#5 · 859,190 sh | 859,190 | $2.8M | 0.11% | +0.9% |
| 6 | PUNCH & ASSOCIATES INVESTMENT MANAGEMENT#6 · 641,414 sh | 641,414 | $2.1M | 0.10% | -31.7% |
| 7 | Lesa Sroufe#7 · 581,264 sh | 581,264 | $1.9M | 1.33% | +67.6% |
| 8 | MARSHALL WACE, LLP#8 · 540,087 sh | 540,087 | $1.7M | <0.01% | +37.2% |
| 9 | MCDANIEL TERRY#9 · 318,076 sh | 318,076 | $1.0M | 0.08% | 0.0% |
| 10 | RAYMOND JAMES FINANCIAL#10 · 254,805 sh | 254,805 | $817.9K | <0.01% | -13.2% |
| 11 | CITADEL ADVISORS#11 · 242,929 sh | 242,929 | $779.8K | <0.01% | +57.5% |
| 12 | Advisory Services Network#12 · 240,377 sh | 240,377 | $771.6K | <0.01% | -0.8% |
| 13 | Mraz, Amerine & Associates#13 · 184,236 sh | 184,236 | $591.4K | 0.08% | 0.0% |
| 14 | JANE STREET GROUP#14 · 180,114 sh | 180,114 | $578.2K | 0.00% | +278.1% |
| 15 | XTX Topco Ltd#15 · 170,922 sh | 170,922 | $548.7K | <0.01% | +78.2% |
| 16 | KINGSWOOD WEALTH ADVISORS#16 · 155,450 sh | 155,450 | $499.0K | — | -6.3% |
| 17 | LPL Financial#17 · 148,082 sh | 148,082 | $475.3K | <0.01% | -61.1% |
| 18 | Pingora Partners#18 · 135,057 sh | 135,057 | $433.5K | 0.25% | 0.0% |
| 19 | TWO SIGMA INVESTMENTS#19 · 95,656 sh | 95,656 | $307.1K | <0.01% | +77.7% |
| 20 | OSAIC#20 · 95,406 sh | 95,406 | $306.2K | <0.01% | +8.1% |
| 21 | UBS Group AG#21 · 90,159 sh | 90,159 | $289.4K | 0.00% | +355.4% |
| 22 | WELLS FARGO & COMPANY#22 · 73,426 sh | 73,426 | $235.7K | 0.00% | -1.3% |
| 23 | BNP PARIBAS FINANCIAL MARKETS#23 · 64,366 sh | 64,366 | $206.6K | <0.01% | New |
| 24 | Greenfield Seitz Capital Management#24 · 53,100 sh | 53,100 | $170.5K | 0.05% | 0.0% |
| 25 | Creative Planning#25 · 53,007 sh | 53,007 | $170.2K | <0.01% | +0.3% |
| 26 | INGALLS & SNYDER#26 · 48,650 sh | 48,650 | $156.0K | <0.01% | +69.8% |
| 27 | Beacon Pointe Advisors#27 · 45,000 sh | 45,000 | $144.4K | <0.01% | -62.0% |
| 28 | Meixler Investment Management, Ltd.#28 · 44,600 sh | 44,600 | $143.2K | 0.08% | -17.3% |
| 29 | Atlas Wealth Partners#29 · 40,106 sh | 40,106 | $128.7K | 0.14% | -4.7% |
| 30 | PKS Advisory Services#30 · 37,883 sh | 37,883 | $121.6K | — | New |
| 31 | FIRST FINANCIAL BANKSHARES#31 · 37,500 sh | 37,500 | $120.4K | <0.01% | 0.0% |
| 32 | BANK OF AMERICA#32 · 37,400 sh | 37,400 | $120.1K | 0.00% | -17.0% |
| 33 | Pekin Hardy Strauss#33 · 35,750 sh | 35,750 | $114.8K | 0.01% | -37.0% |
| 34 | Welch Group#34 · 35,508 sh | 35,508 | $114.0K | <0.01% | +18.3% |
| 35 | Argent#35 · 35,100 sh | 35,100 | $112.7K | <0.01% | New |
| 36 | Delta Investment Management#36 · 34,461 sh | 34,461 | $110.6K | 0.02% | -40.0% |
| 37 | Janney Montgomery Scott#37 · 33,000 sh | 33,000 | $106.0K | <0.01% | -2.0% |
| 38 | Key Client Fiduciary Advisors#38 · 31,850 sh | 31,850 | $101.9K | — | -2.2% |
| 39 | Roundview Capital#39 · 30,000 sh | 30,000 | $96.3K | <0.01% | 0.0% |
| 40 | AQR CAPITAL MANAGEMENT#40 · 28,482 sh | 28,482 | $91.4K | 0.00% | -12.3% |
| 41 | ROYAL BANK OF CANADA#41 · 27,700 sh | 27,700 | $89.0K | 0.00% | -60.8% |
| 42 | HRT FINANCIAL#42 · 27,467 sh | 27,467 | $88.0K | <0.01% | New |
| 43 | Clear Harbor Asset Management#43 · 21,325 sh | 21,325 | $68.5K | <0.01% | -26.0% |
| 44 | GROUP ONE TRADING, L.P.#44 · 20,369 sh | 20,369 | $65.4K | <0.01% | +334.1% |
| 45 | DWR WEALTH MANAGEMENT#45 · 20,500 sh | 20,500 | $60.7K | — | 0.0% |
| 46 | SUSQUEHANNA INTERNATIONAL GROUP, LLP#46 · 16,131 sh | 16,131 | $51.8K | 0.00% | -79.9% |
| 47 | Bay Colony Advisory Group, d/b/a Bay Colony Advisors#47 · 15,682 sh | 15,682 | $50.3K | <0.01% | 0.0% |
| 48 | Financial Engines Advisors L.L.C.#48 · 15,534 sh | 15,534 | $49.9K | <0.01% | 0.0% |
| 49 | Aptus Capital Advisors#49 · 15,000 sh | 15,000 | $48.1K | <0.01% | +50.0% |
| 50 | FOUNDATION RESOURCE MANAGEMENT#50 · 14,565 sh | 14,565 | $46.8K | — | 0.0% |
| 51 | Cambridge Investment Research Advisors#51 · 14,425 sh | 14,425 | $46.0K | <0.01% | +2.5% |
| 52 | BECK MACK & OLIVER#52 · 13,680 sh | 13,680 | $43.9K | <0.01% | -12.2% |
| 53 | SevenBridge Financial Group#53 · 15,000 sh | 15,000 | $38.0K | — | +50.0% |
| 54 | WEDBUSH SECURITIES#54 · 11,500 sh | 11,500 | $37.0K | — | -14.8% |
| 55 | Westfuller Advisors#55 · 11,430 sh | 11,430 | $36.7K | 0.01% | 0.0% |
| 56 | Evernest Financial Advisors#56 · 11,000 sh | 11,000 | $35.3K | <0.01% | 0.0% |
| 57 | SIMPLEX TRADING#57 · 10,850 sh | 10,850 | $34.8K | 0.00% | +67.2% |
| 58 | Qube Research & Technologies Ltd#58 · 10,629 sh | 10,629 | $34.1K | 0.00% | New |
| 59 | Stratos Wealth Partners, LTD.#59 · 10,570 sh | 10,570 | $33.9K | <0.01% | 0.0% |
| 60 | Pathstone#60 · 10,424 sh | 10,424 | $33.5K | <0.01% | 0.0% |
| 61 | Corient Private Wealth#61 · 10,129 sh | 10,129 | $32.5K | 0.00% | 0.0% |
| 62 | Split Creek DBA Split Creek Capital#62 · 10,000 sh | 10,000 | $32.1K | 0.03% | 0.0% |
| 63 | NATIONAL BANK OF CANADA#63 · 10,000 sh | 10,000 | $32.0K | 0.00% | 0.0% |
| 64 | Wilmington Savings Fund Society, FSB#64 · 5,000 sh | 5,000 | $16.1K | — | 0.0% |
| 65 | FIFTH THIRD BANCORP#65 · 4,037 sh | 4,037 | $13.0K | 0.00% | 0.0% |
| 66 | ADKINS SEALE CAPITAL MANAGEMENT#66 · 3,714 sh | 3,714 | $11.9K | 0.01% | 0.0% |
| 67 | AMERIFLEX GROUP#67 · 3,600 sh | 3,600 | $11.6K | <0.01% | -29.4% |
| 68 | EFG International AG#68 · 3,100 sh | 3,100 | $10.0K | <0.01% | 0.0% |
| 69 | ROTHSCHILD INVESTMENT#69 · 2,737 sh | 2,737 | $8.8K | <0.01% | 0.0% |
| 70 | SouthState Bank#70 · 2,000 sh | 2,000 | $6.4K | <0.01% | 0.0% |
| 71 | Steward Partners Investment Advisory#71 · 1,662 sh | 1,662 | $5.3K | 0.00% | 0.0% |
| 72 | JPMORGAN CHASE#72 · 782 sh | 782 | $2.3K | 0.00% | New |
| 73 | Morse Asset Management#73 · 500 sh | 500 | $1.6K | <0.01% | -64.5% |
| 74 | SRS Capital Advisors#74 · 405 sh | 405 | $1.3K | 0.00% | New |
| 75 | IFP Advisors#75 · 395 sh | 395 | $1.3K | — | 0.0% |
| 76 | BlackRock#76 · 376 sh | 376 | $1.2K | 0.00% | 0.0% |
| 77 | Physician Wealth Advisors#77 · 245 sh | 245 | $787.00 | — | 0.0% |
| 78 | Plante Moran Financial Advisors#78 · 197 sh | 197 | $632.00 | 0.00% | 0.0% |
| 79 | Allworth Financial#79 · 150 sh | 150 | $482.00 | 0.00% | -40.0% |
| 80 | Newbridge Financial Services Group#80 · 106 sh | 106 | $339.00 | — | 0.0% |
| 81 | JNBA Financial Advisors#81 · 100 sh | 100 | $321.00 | 0.00% | New |
| 82 | Caitong International Asset Management , Ltd#82 · 91 sh | 91 | $292.00 | 0.00% | +133.3% |
| 83 | FMR#83 · 50 sh | 50 | $161.00 | 0.00% | -97.8% |
Funds that sold out of SJT in Q2 2026 (12)
Held SJT at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| Waverly Advisors44,316 sh | 44,316 | $212.7K |
| State of Wyoming36,596 sh | 36,596 | $176.0K |
| GK Wealth Management20,500 sh | 20,500 | $101.3K |
| Quadrature Capital Ltd19,652 sh | 19,652 | $94.5K |
| Private Advisor Group15,712 sh | 15,712 | $75.4K |
| V-Square Quantitative Management11,430 sh | 11,430 | $55.0K |
| RAHLFS CAPITAL11,000 sh | 11,000 | $52.8K |
| Kovack Advisors10,500 sh | 10,500 | $48.7K |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT3,000 sh | 3,000 | $13.9K |
| MAI Capital Management1,150 sh | 1,150 | $5.5K |
| Tower Research Capital (TRC)377 sh | 377 | $1.8K |
| CITIGROUP13 sh | 13 | $63.00 |
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.