Managers / Q4 2024 · view latest →
SoftVest Advisors, LLC
CIK 0001803391 · 400 PINE STREET, SUITE 1010, ABILENE, TX, 79601 · 325-677-6177
Summary
Softvest Advisors, LLC reported $993M in U.S.-listed holdings across 10 positions for Q4 2024.
The portfolio is heavily concentrated: TPL alone accounts for 43.8% of reported value.
Compared with Q3 2024, the fund opened 2 new positions and exited 0.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 50.7% · $504M
- Common Stock · 43.8% · $435M
- Royalty Trst · 4.9% · $49M
- MLP · 0.5% · $5M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SPDR S&P 500 ETF TR | NEW | +200.0K | 200.0K | +$117M | $117M |
| ISHARES TR | NEW | +857.0K | 857.0K | +$75M | $75M |
| ARLPALLIANCE RESOURCE PARTNERS L | ADDED | +159.1K | 200.0K | +$4M | $5M |
| SPDR SER TR | ADDED | +830.0K | 2.22M | +$111M | $294M |
| TPLTEXAS PACIFIC LAND CORPORATI | HELD | +0 | 393.3K | +$87M | $435M |
| PBTPERMIAN BASIN RTY TR | HELD | +0 | 4.43M | −$4M | $49M |
| GQ9SPDR GOLD TR | HELD | +0 | 75.0K | −$69,750 | $18M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | TPLTEXAS PACIFIC LAND CORPORATIhistory → | COM | 43.79% | $435M | 393.3K |
| 2 | PBTPERMIAN BASIN RTY TRhistory → | UNIT BEN INT | 4.94% | $49M | 4.43M |
| 3 | ISHARES TR | 20 YR TR BD ETF | 1.56% | $15M | 177.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $872M | 5 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $455M | 3 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $492M | 3 | Nov 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $795M | 6 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $1.1B | 6 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $993M | 10 | Feb 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $603M | 6 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $355M | 4 | Aug 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $296M | 4 | May 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $300M | 5 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $361M | 6 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $290M | 5 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $324M | 3 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $430M | 5 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $322M | 6 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $288M | 6 | Aug 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $273M | 6 | May 13, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $330M | 11 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $224M | 10 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $256M | 9 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $339M | 9 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $224M | 8 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $209M | 7 | Nov 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020REVEALED | $516M | 17 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $52M | 4 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $102M | 2 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.