Who Owns Permian Basin Royalty Trust (PBT)?Hedge Fund & Institutional Holders

$20.38-0.27 (-1.31%)EnergyNYSE

Institutional Holders

50

as of Q4 2025

Total Institutional Value

$InfinityT

% of Float Held

1.7321465005316323e+253%

QoQ Change in Holders

+13 / -2

Price History

$8.81$11.81$14.81$17.81$20.81Aug 24Jun 25Mar 26

PBT — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
SCHWARTZ INVESTMENT COUNSEL INCNew Position+967K+$16.4B
Hosking Partners LLPNew Position+347K+$5.9B
COMMONWEALTH EQUITY SERVICES, LLCNew Position+259K+$4.0B
SEI INVESTMENTS CONew Position+195K+$3.0B
BWM Planning, LLCNew Position+104K+$1.8B
SIMPLEX TRADING, LLCIncreased+13K+$1.0B
Fielder Capital Group LLCNew Position+48K+$818.0M
State of WyomingNew Position+44K+$751.0M
Avondale Wealth ManagementIncreased+31K+$511.4M
Blue Trust, Inc.New Position+20K+$346.0M
Capital Investment Advisors, LLCNew Position+18K+$311.0M
KINGSWOOD WEALTH ADVISORS, LLCNew Position+12K+$210.0M
Clark Asset Management, LLCNew Position+10K+$169.0M
Access Investment Management LLCNew Position+4K+$73.0M
Principia Wealth Advisory, LLCNew Position+3K+$46.0M

PBT — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
LPL Financial LLCDecreased-4K-$4.3B
UBS Group AGDecreased-98K-$1.9B
CITADEL ADVISORS LLCDecreased-13K-$1.5B
WELLS FARGO & COMPANY/MNDecreased-1K-$1.4B
SUSQUEHANNA INTERNATIONAL GROUP, LLPDecreased-11K-$1.2B
BRADLEY FOSTER & SARGENT INC/CTDecreased-4K-$678.5M
CAPTRUST FINANCIAL ADVISORSDecreased-140-$541.7M
GROUP ONE TRADING LLCDecreased-10K-$389.4M
AMERIPRISE FINANCIAL INCDecreased-593-$370.1M
Creative PlanningDecreased-3K-$306.2M
Virtus Investment Advisers, LLCClosed Position-10K-$175.1M
PROMETHIUM ADVISORS,LLCDecreased-100-$96.9M
NewEdge Advisors, LLCDecreased-972-$68.7M
OSAIC HOLDINGS, INC.Decreased-511-$43.4M
FOSTER DYKEMA CABOT & PARTNERS, LLCClosed Position-2K-$40.3M

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1HORIZON KINETICS ASSET MANAGEMENT LLC6,187,800$105.1B1420.92%Share
2MAD RIVER INVESTORS986,819$16.8B7.63%Share
3SCHWARTZ INVESTMENT COUNSEL INC967,197$16.4B0.57%Share
4Moors & Cabot, Inc.585,746$9.0B0.39%Share
5Hosking Partners LLP346,683$5.9B0.20%Share
6COMMONWEALTH EQUITY SERVICES, LLC259,314$4.0B5.33%Share
7CITADEL ADVISORS LLC264,100$4.0B0.60%Put
8CITADEL ADVISORS LLC231,975$3.0B0.45%Share
9WELLS FARGO & COMPANY/MN218,951$3.0B0.55%Share
10SEI INVESTMENTS CO195,400$3.0B2.96%Share
11GROUP ONE TRADING LLC175,600$3.0B5.20%Put
12GROUP ONE TRADING LLC165,170$2.8B4.90%Share
13SUSQUEHANNA INTERNATIONAL GROUP, LLP175,100$2.0B0.23%Put
14BWM Planning, LLC104,397$1.8B0.47%Share
15PROMETHIUM ADVISORS,LLC68,318$1.2B0.63%Share
16SUSQUEHANNA INTERNATIONAL GROUP, LLP107,165$1.0B0.12%Share
17Essex Financial Services, Inc.59,177$1.0B0.06%Share
18SUSQUEHANNA INTERNATIONAL GROUP, LLP66,400$1.0B0.12%Call
19SIMPLEX TRADING, LLC59,028$1.0B0.56%Share
20JPMORGAN CHASE & CO99,584$1.0B0.06%Share
21RAYMOND JAMES FINANCIAL INC75,822$1.0B0.31%Share
22Fielder Capital Group LLC48,218$818.0M0.17%Share
23Avondale Wealth Management45,750$776.0M0.40%Share
24State of Wyoming44,257$751.0M0.08%Share
25UBS Group AG37,335$633.0M0.10%Share
26BEESE FULMER INVESTMENT MANAGEMENT, INC.31,917$541.0M0.04%Share
27Blue Trust, Inc.20,420$346.0M3.91%Share
28Resurgent Financial Advisors LLC20,000$339.0M0.17%Share
29Stratos Wealth Partners, LTD.19,481$330.0M3.73%Share
30Capital Investment Advisors, LLC18,366$311.0M4.74%Share
31Welch Group, LLC17,798$301.0M0.01%Share
32SCS Capital Management LLC17,295$293.0M3.10%Share
33KINGSWOOD WEALTH ADVISORS, LLC12,439$210.0M0.01%Share
34GROUP ONE TRADING LLC11,000$186.0M0.32%Call
35UBS Group AG10,877$184.0M0.03%Share
36Clark Asset Management, LLC10,000$169.0M0.02%Share
37SoftVest Advisors, LLC6,217,107$105.6M23.19%Share
38Access Investment Management LLC4,000$73.0M0.02%Share
39Golden State Wealth Management, LLC2,446$41.0M0.00%Share
40Lummis Asset Management, LP1,850$31.0M0.02%Share
41Signature Resources Capital Management, LLC1,800$30.0M0.02%Share
42Geneos Wealth Management Inc.1,500$25.0M0.00%Share
43Principia Wealth Advisory, LLC1,333$24.0M0.02%Share
44Principia Wealth Advisory, LLC1,333$22.0M0.01%Share
45Eagle Bay Advisors LLC1,292$21.0M0.02%Share
46UBS Group AG1,158$19.0M0.00%Share
47Caitong International Asset Management Co., Ltd1,059$17.0M0.05%Share
48ALERUS FINANCIAL NA1,000$16.0M0.00%Share
49FOUNDATION RESOURCE MANAGEMENT INC642,507$10.9M1.46%Share
50JANE STREET GROUP, LLC362,400$6.0M0.00%Put

PBT Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 2025101$183.3B+36
Q3 202565$184.3B-19
Q2 202584$139.3B-8
Q1 202592$92.0B+7
Q4 202485$400.0B+16
Q3 202469$3.6T-1
Q2 202470$1.5T+6
Q1 202464$717.1B—

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As of Q4 2025, 50 institutional investors hold PBT (Permian Basin Royalty Trust). The largest holder is HORIZON KINETICS ASSET MANAGEMENT LLC with $105.1B in shares. This quarter, 13 institutions opened new positions and 2 closed their positions.

Frequently Asked Questions

How many hedge funds own PBT?

As of Q4 2025, 50 institutional investors report holding PBT (Permian Basin Royalty Trust) in their 13F filings.

Who is the largest institutional holder of PBT?

The largest institutional holder of PBT is HORIZON KINETICS ASSET MANAGEMENT LLC with $105.1B in shares.

Is institutional ownership of PBT increasing or decreasing?

This quarter, 13 institutions opened new positions in PBT and 2 closed their positions.