| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| HORIZON KINETICS ASSET MANAGEMENT LLC | 13% | +12% | $35,019,029 | +$3,479,696 | 6,231,144 | +11% | HORIZON KINETICS ASSET MANAGEMENT LLC | 31 Dec 2025 |
As of 31 Dec 2025, 88 institutional investors reported holding 15,421,065 shares of SAN JUAN BASIN ROYALTY TRUST - Units of Beneficial Interest (SJT). This represents 33% of the company’s total 46,501,075 outstanding shares.
The largest institutional shareholders of SAN JUAN BASIN ROYALTY TRUST - Units of Beneficial Interest (SJT) together control 31% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| HORIZON KINETICS ASSET MANAGEMENT LLC | 13% | 6,231,144 | +11% | 0.47% | $35,019,029 |
| MORGAN STANLEY | 2.5% | 1,156,904 | +25% | 0% | $6,501,801 |
| CANNELL CAPITAL LLC | 1.8% | 835,799 | -31% | 3% | $4,697,190 |
| Ashton Thomas Private Wealth, LLC | 1.7% | 770,224 | +21% | 0.11% | $4,328,659 |
| Moors & Cabot, Inc. | 1.6% | 736,300 | +21% | 0.18% | $4,138,006 |
| Mountaineer Partners Management, LLC | 1.6% | 732,351 | +1.8% | 2.3% | $4,115,813 |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | 1.5% | 700,000 | +58% | 0.23% | $3,934,000 |
| Principia Wealth Advisory, LLC | 1.1% | 531,022 | -8.2% | 2.1% | $2,984,344 |
| LPL Financial LLC | 0.88% | 407,116 | -2.5% | 0% | $2,287,994 |
| RAYMOND JAMES FINANCIAL INC | 0.74% | 346,112 | +13% | 0% | $1,945,152 |
| Lesa Sroufe & Co | 0.73% | 340,390 | +0.12% | 1.4% | $1,913,000 |
| CITADEL ADVISORS LLC | 0.52% | 241,775 | +218% | 0% | $1,358,776 |
| Advisory Services Network, LLC | 0.51% | 238,677 | +0.54% | 0.02% | $1,341,362 |
| KINGSWOOD WEALTH ADVISORS, LLC | 0.41% | 191,950 | -61% | 0.05% | $1,078,759 |
| Mraz, Amerine & Associates, Inc. | 0.4% | 184,236 | 0% | 0.15% | $1,035,404 |
| MCDANIEL TERRY & CO | 0.37% | 170,288 | -46% | 0.08% | $957,019 |
| Pingora Partners LLC | 0.29% | 135,057 | +111% | 0.46% | $759,020 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 0.2% | 94,101 | -43% | 0% | $528,848 |
| XTX Topco Ltd | 0.18% | 81,722 | +121% | 0.01% | $459,278 |
| WELLS FARGO & COMPANY/MN | 0.16% | 74,662 | -2.1% | 0% | $419,600 |
| ROYAL BANK OF CANADA | 0.15% | 68,922 | +23% | 0% | $387,000 |
| Delta Investment Management, LLC | 0.14% | 64,565 | +7.1% | 0.06% | $362,855 |
| Pekin Hardy Strauss, Inc. | 0.12% | 53,750 | +258% | 0.03% | $302,075 |
| Greenfield Seitz Capital Management, LLC | 0.11% | 53,100 | 0% | 0.1% | $298,422 |
| Creative Planning | 0.11% | 52,867 | -0.01% | 0% | $297,113 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 15,421,065 | $86,665,816 | +$1,177,205 | $5.62 | 88 |
| 2025 Q3 | 15,169,331 | $91,616,984 | +$681,399 | $6.04 | 87 |
| 2025 Q2 | 15,060,665 | $90,054,325 | +$11,471,732 | $5.98 | 86 |
| 2025 Q1 | 13,189,199 | $72,663,203 | +$21,843,528 | $5.53 | 86 |
| 2024 Q4 | 9,013,374 | $34,537,065 | +$7,990,929 | $3.83 | 87 |
| 2024 Q3 | 7,062,707 | $26,116,608 | +$3,501,589 | $3.70 | 75 |
| 2024 Q2 | 6,094,840 | $24,724,321 | +$5,913,751 | $4.06 | 76 |
| 2024 Q1 | 4,473,879 | $23,679,416 | +$556,252 | $5.29 | 78 |
| 2023 Q4 | 4,910,381 | $24,927,856 | -$1,133,683 | $5.08 | 95 |
| 2023 Q3 | 3,963,477 | $27,457,297 | -$17,207,696 | $6.93 | 96 |
| 2023 Q2 | 6,339,947 | $47,071,338 | -$9,100,490 | $7.43 | 100 |
| 2023 Q1 | 6,915,154 | $72,709,706 | -$6,224,940 | $10.52 | 88 |
| 2022 Q4 | 7,520,181 | $85,856,146 | +$13,191,364 | $11.42 | 100 |
| 2022 Q3 | 6,588,862 | $61,948,468 | +$9,196,564 | $9.40 | 78 |
| 2022 Q2 | 5,759,649 | $50,051,461 | -$4,334,927 | $8.68 | 83 |
| 2022 Q1 | 6,390,555 | $56,006,623 | +$5,090,548 | $8.77 | 75 |
| 2021 Q4 | 5,580,549 | $33,982,892 | +$6,333,642 | $6.09 | 59 |
| 2021 Q3 | 4,800,973 | $24,308,312 | -$9,689,319 | $5.06 | 54 |
| 2021 Q2 | 6,712,831 | $34,518,000 | +$482,073 | $5.14 | 47 |
| 2021 Q1 | 6,640,002 | $26,299,893 | -$267,746 | $3.96 | 39 |
| 2020 Q4 | 6,741,250 | $18,003,000 | -$333,789 | $2.67 | 46 |
| 2020 Q3 | 6,879,460 | $17,273,510 | +$428,504 | $2.51 | 43 |
| 2020 Q2 | 6,711,447 | $15,301,000 | +$153,202 | $2.28 | 41 |
| 2020 Q1 | 6,614,664 | $13,884,000 | -$452,399 | $2.10 | 43 |
| 2019 Q4 | 6,849,777 | $17,393,540 | -$1,473,679 | $2.54 | 47 |
| 2019 Q3 | 7,395,146 | $22,330,000 | -$2,836,861 | $3.02 | 49 |
| 2019 Q2 | 8,325,936 | $31,892,000 | -$1,595,433 | $3.83 | 54 |
| 2019 Q1 | 8,703,898 | $46,745,178 | -$1,567,733 | $5.37 | 64 |
| 2018 Q4 | 9,041,538 | $43,394,682 | -$10,661,320 | $4.80 | 67 |
| 2018 Q3 | 11,248,210 | $55,822,753 | -$3,050,909 | $4.96 | 77 |
| 2018 Q2 | 11,781,366 | $68,225,351 | +$1,632,889 | $5.79 | 81 |
| 2018 Q1 | 11,463,550 | $90,559,890 | -$229,215 | $7.90 | 90 |
| 2017 Q4 | 11,479,141 | $94,583,784 | -$4,455,108 | $8.24 | 84 |
| 2017 Q3 | 11,988,731 | $93,988,000 | -$3,973,089 | $7.84 | 76 |
| 2017 Q2 | 12,604,612 | $85,832,922 | -$386,269 | $6.81 | 78 |
| 2017 Q1 | 12,659,804 | $91,600,548 | +$8,259,973 | $7.23 | 80 |
| 2016 Q4 | 11,509,737 | $76,177,634 | -$1,433,653 | $6.62 | 77 |
| 2016 Q3 | 11,729,508 | $69,202,242 | -$2,793,623 | $5.90 | 75 |
| 2016 Q2 | 12,195,996 | $88,632,227 | -$3,379,007 | $7.27 | 77 |
| 2016 Q1 | 12,677,093 | $65,273,703 | -$5,751,661 | $5.15 | 71 |
| 2015 Q4 | 13,775,012 | $57,029,149 | -$3,870,672 | $4.14 | 70 |
| 2015 Q3 | 14,406,151 | $136,250,710 | +$4,938,863 | $9.46 | 75 |
| 2015 Q2 | 13,857,605 | $148,828,132 | -$4,476,074 | $10.74 | 87 |
| 2015 Q1 | 14,256,230 | $170,869,553 | -$4,094,403 | $11.97 | 97 |
| 2014 Q4 | 14,561,380 | $207,508,745 | +$4,702,574 | $14.25 | 101 |
| 2014 Q3 | 14,059,905 | $267,142,345 | +$6,302,766 | $19.00 | 93 |
| 2014 Q2 | 13,788,641 | $265,929,123 | -$4,845,829 | $19.29 | 98 |
| 2014 Q1 | 14,047,159 | $247,925,339 | +$8,414,103 | $17.65 | 98 |