SoftVest Advisors, LLC
Long book
$645.2M
Q1 2026
Positions
3
Top-10 weight
100%
concentration
Last quarter
-8.0%
SPY +14.8%
Turnover
33%
of book per quarter
Strategy in plain words
auto-generated from filingsSoftVest Advisors, LLC is a diversified fundamental manager, specialised in financials (100% of the long book), running a $645.2M US long book across 3 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: TEXAS PACIFIC LAND CORP, PERMIAN BASIN ROYALTY TRUST, CROSS TIMBERS ROYALTY TRUST.
Over the last 9 quarters its long book ran on average 6.7pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+21.1%
Q2 2024
+20.1%
Q3 2024
+21.0%
Q4 2024
+16.5%
Q1 2025
-16.5%
Q2 2025
-2.2%
Q3 2025
-7.3%
Q4 2025
+56.3%
Q1 2026
-8.0%
Sector allocation
Financials 100%
Long book by quarter
What does SoftVest Advisors, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TPL TEXAS PACIFIC LAND CORP | Financials | 1.1M | $504.0M | 78.1% | -10.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 5 | $872.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 3 | $455.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 3 | $491.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 6 | $795.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 6 | $1.12B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 10 | $993.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 6 | $602.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 4 | $355.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 4 | $296.0M | canonical | SEC ↗ |