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PBT · Permian Basin Royalty Trust · Holdings

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$33.92 +0.07 (+0.21%) At close · Oct 20
Rebalance outlook locked
Market Cap
$1.58B
Shares
46.61M
Volume · Oct 20 45.77K Avg daily vol (3M) 152.34K

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP → See every holder of PBT: 13F, 13D and 13G, insiders and funds →
Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.
The Sep 30, 2026 filing window is still open — showing the latest known positions. Funds that have not filed yet carry their prior-quarter positions; a fund that filed without this stock counts as sold out. Each fund's Change is measured against its own previous reported quarter, shown in the Reported column. Pick a completed quarter in the Quarter selector below to put every fund on one quarter and see the stock-wide activity breakdown.
Holders: 103
Total Value: $521,079,322
Total Shares: 20,539,808
Showing 1–100 of 103 holdings by value · page 1 of 2

Institutional Ownership Trend

27 quarters

Holder Concentration

Across 103 13F filers
Top Holder
32.7%
Sep 2023 → Jun 2026 · range 28.9% – 32.9%
of institutional value
Top 5
75.5%
Sep 2023 → Jun 2026 · range 70.0% – 78.0%
of institutional value
Top 10
84.3%
Sep 2023 → Jun 2026 · range 82.5% – 87.4%
of institutional value
HHI
2,067
Sep 2023 → Jun 2026 · range 1,676 – 2,067
Moderately concentrated

Who Holds PBT

Last 8 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 100 filers, like-for-like change +1.5%; actively managed books +2.9%; index-like books -31.5%.

Holder type Share Filers Change
Registered adviser 52.8% 56 +3.5%
Adviser 30.9% 2 0.0%
Bank 2.5% 8 +3.4%
Broker-dealer 1.1% 2 +1.7%
Non-US 0.0% 1 -50.9%
Holding company 1.0% 2 -31.4%
Exempt adviser 0.0% 0 —
Unknown 11.7% 29 +0.1%

The Sep 30, 2026 filing window is still open, so its bar carries the Jun 30, 2026 positions of filers that have not filed yet.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 2 holders with no observed 2026-06-30 13F.

Conviction and Crowding

100 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders
3
3.00% of filers hold it in their top 10
Mar 31, 2026: 4
Holders above 5%
2
median weight 0.006%
Mar 31, 2026: 2
Crowding
—
no cover-page share count is dated within about a year of the quarter end
Private-fund advisers
—
of shares outstanding
Institutional ownership
—
no cover-page share count is dated within about a year of the quarter end
Top 10 holders
85.6%
of 13F shares, Herfindahl 0.215
Active holders
+2.9%
like-for-like share change of active filers
5% stakes on record
2
1 13D, 1 13G (1 institutional, 0 passive, 0 exempt)
How long holders have held it value-weighted 22.1 quarters
Under 1 year 3.42% 1 to 3 years 7.22% 3 years or more 89.4% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost
$16.19
estimated per share
Mar 31, 2026: $15.23
Quarter-end price
$25.04
implied by 13F values
Estimated gain or loss
+54.6%
price against the estimated cost
Estimated at a loss
2.87%
of costed 13F value

Estimated cost covers 26.3% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Shared Holders

Companies PBT's active holders also own, quarter ended Jun 30, 2026
# Company Shared holders
1 MSB Mesabi Trust 6
2 HE Hawaiian Electric Industries Inc 7
3 WBI WaterBridge Infrastructure LLC 8
4 LB LandBridge Corp 8
5 MIAX Miami International Holdings, Inc. 7
6 SJT San Juan Basin Royalty Trust 3
7 TPL Texas Pacific Land Corp 13
8 SBR Sabine Royalty Trust 4
9 EROK EagleRock Land, LLC 3
10 FNV FRANCO NEVADA Corp 8

Shareholder Targets

13F filers that own its peers but not PBT, quarter ended Jun 30, 2026

Found through its holder-overlap peers: MSB, HE, WBI, LB, MIAX, SJT, TPL, SBR, EROK, FNV, WPM, JOE, AAA, CACI, COP, JNJ, IBM, CVX, MRK, FCX. 5,738 filers in all.

# Filer In peers
1 BlackRock, Inc. Holding company, Index-like $152,637,187,657 18 held
2 VANGUARD CAPITAL MANAGEMENT LLC Registered adviser, Index-like $117,530,329,192 13 held
3 STATE STREET CORP Bank, Index-like $103,202,236,178 14 held
4 VANGUARD PORTFOLIO MANAGEMENT LLC Registered adviser, Diversified active $47,003,458,032 14 held
5 GEODE CAPITAL MANAGEMENT, LLC Registered adviser, Index-like $44,001,694,560 15 held
6 FMR LLC Holding company, Diversified active $26,827,257,761 19 held
7 CHARLES SCHWAB INVESTMENT MANAGEMENT INC Registered adviser, Diversified active $25,675,693,572 13 held
8 WELLINGTON MANAGEMENT GROUP LLP Holding company, Diversified active $21,961,997,024 11 held
9 NORGES BANK Non-US, Index-like $20,359,758,524 10 held
10 NORTHERN TRUST CORP Bank, Index-like $19,433,370,925 15 held

Fund Ownership of PBT by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 0.00% of shares outstanding.

Fund type Of shares outstanding Shares
Index funds 0.00% 0
Index ETFs 0.00% 0
Active ETFs 3.69% 1,721,088
Active funds 2.70% 1,257,020
Unclassified 0.02% 8,000
All registered funds 6.41% 2,986,108
How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Holder type: Registered adviser 57 Adviser 2 Bank 8 Broker-dealer 3 Non-US 1 Holding company 2 Unknown 30
Showing 100 of 103
All Common Calls Puts
Export CSV
Holder Value (USD) % of 13F Shares Open
HORIZON KINETICS ASSET MANAGEMENT LLC $168,501,396 32.34% 6,729,289
SoftVest Advisors, LLC $155,676,359 29.88% 6,217,107
MAD RIVER INVESTORS $25,169,006 4.83% 1,005,152
SCHWARTZ INVESTMENT COUNSEL INC $23,380,323 4.49% 933,719
FOUNDATION RESOURCE MANAGEMENT INC $18,750,621 3.60% 595,636
Moors & Cabot, Inc. $14,276,831 2.74% 570,161
COMMONWEALTH EQUITY SERVICES, LLC $10,622,694 2.04% 424,229
PEAK6 LLC $7,522,016 1.44% 300,400
HRT FINANCIAL LP $6,911,165 1.33% 276,005
Advisory Services Network, LLC $6,249,858 1.20% 249,595
SteelPeak Wealth, LLC $5,917,327 1.14% 187,971
WELLS FARGO & COMPANY/MN $5,501,738 1.06% 219,718
Beacon Pointe Advisors, LLC $5,341,107 1.03% 213,303
SEI INVESTMENTS CO $5,283,440 1.01% 211,000
MORGAN STANLEY $5,162,020 0.99% 206,151
LPL Financial LLC $4,950,808 0.95% 197,716
Lido Advisors, LLC $2,950,763 0.57% 117,842
JPMORGAN CHASE & CO $2,739,676 0.53% 109,412
BWM Planning, LLC $2,614,100 0.50% 104,397
Blue Trust, Inc. $2,391,912 0.46% 75,982
RAYMOND JAMES FINANCIAL INC $2,385,560 0.46% 95,270
PROMETHIUM ADVISORS,LLC $2,092,758 0.40% 66,479
Atlas Wealth Partners, LLC $2,059,314 0.40% 82,241
JANE STREET GROUP, LLC $1,858,844 0.36% 74,235
HighTower Advisors, LLC $1,771,830 0.34% 70,760
BANK OF AMERICA CORP /DE/ $1,607,117 0.31% 64,182
Pathstone Holdings, LLC $1,576,017 0.30% 62,940
Essex Financial Services, Inc. $1,423,924 0.27% 56,866
UBS Group AG $1,378,651 0.26% 55,058
SUSQUEHANNA INTERNATIONAL GROUP, LLP $1,349,656 0.26% 53,900
MOR Wealth Management, LLC $1,315,451 0.25% 52,534
Avondale Wealth Management $1,308,938 0.25% 41,580
Family Manage LLC $1,071,912 0.21% 42,808
Fielder Capital Group LLC $1,044,819 0.20% 41,726
PKS Advisory Services, LLC $1,030,070 0.20% 41,137
Walleye Capital LLC $1,011,465 0.19% 40,394
EagleClaw Capital Managment, LLC $916,464 0.18% 36,600
Capital Analysts, LLC $865,457 0.17% 34,563
XTX Topco Ltd $834,983 0.16% 33,346
Steward Partners Investment Advisory, LLC $805,061 0.15% 32,151
Fruth Investment Management $799,592 0.15% 25,400
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC $713,116 0.14% 22,653
CITADEL ADVISORS LLC $703,624 0.14% 28,100
CAPTRUST FINANCIAL ADVISORS $673,375 0.13% 26,892
BEESE FULMER INVESTMENT MANAGEMENT, INC. $658,977 0.13% 26,317
Financial Sense Advisors, Inc. $627,277 0.12% 25,051
GROUP ONE TRADING LLC $546,973 0.10% 21,844
ROYAL BANK OF CANADA $533,978 0.10% 21,325
Corient Private Wealth LLC $522,459 0.10% 20,865
Resurgent Financial Advisors LLC $500,800 0.10% 20,000
Stratos Wealth Partners, LTD. $491,084 0.09% 19,612
Welch Group, LLC $483,221 0.09% 19,298
AMERIPRISE FINANCIAL INC $464,266 0.09% 18,541
Capital Investment Advisors, LLC $459,934 0.09% 18,368
BRADLEY FOSTER & SARGENT INC/CT $413,685 0.08% 16,521
KINGSWOOD WEALTH ADVISORS, LLC $369,940 0.07% 14,774
INGALLS & SNYDER LLC $329,851 0.06% 13,173
Caption Management, LLC $317,081 0.06% 12,663
Clark Asset Management, LLC $314,957 0.06% 10,005
First Financial Bankshares Inc $300,480 0.06% 12,000
Quadrature Capital Ltd $298,902 0.06% 11,937
FOURPATH CAPITAL MANAGEMENT, LLC $291,851 0.06% 9,271
Post Resch Tallon Group Inc. $291,536 0.06% 9,261
CIBC Bancorp USA Inc. $254,005 0.05% 10,144
Foundations Investment Advisors, LLC $249,148 0.05% 9,950
Ethos Financial Group, LLC $212,840 0.04% 8,500
Tidal Investments LLC $211,362 0.04% 8,441
Argent Trust Co $200,320 0.04% 8,000
Atlantic Union Bankshares Corp $190,252 0.04% 7,598
PNC FINANCIAL SERVICES GROUP, INC. $148,036 0.03% 5,912
State of Wyoming $96,429 0.02% 3,851
NewEdge Advisors, LLC $87,464 0.02% 3,493
CX Institutional $87,294 0.02% 2,773
Pinnacle Wealth Planning Services, Inc. $70,612 0.01% 2,820
SIMPLEX TRADING, LLC $66,706 0.01% 2,664
Signature Resources Capital Management, LLC $56,664 0.01% 1,800
Lummis Asset Management, LP $46,324 0.01% 1,850
Access Investment Management LLC $45,072 0.01% 1,800
Geneos Wealth Management Inc. $37,560 0.01% 1,500
SIGNATUREFD, LLC $35,456 0.01% 1,416
BNP PARIBAS ARBITRAGE, SA $31,600 0.01% 1,262
BEACON INVESTMENT ADVISORY SERVICES, INC. $31,480 0.01% 1,000
OSAIC HOLDINGS, INC. $30,348 0.01% 1,212
United Financial Planning Group LLC $25,040 0.00% 1,000
Smartleaf Asset Management LLC $25,040 0.00% 1,000
JNBA Financial Advisors $14,498 0.00% 579
BOK Financial Private Wealth, Inc. $12,269 0.00% 490
WEBSTER BANK, N. A. $10,441 0.00% 417
HARBOUR INVESTMENTS, INC. $9,690 0.00% 387
Medallion Wealth Advisors, LLC $9,615 0.00% 384
WealthCollab, LLC $8,112 0.00% 324
Allworth Financial LP $7,512 0.00% 300
CoreCap Advisors, LLC $6,296 0.00% 200
SJS Investment Consulting Inc. $5,033 0.00% 201
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC $5,008 0.00% 200
PFS Partners, LLC $5,008 0.00% 200
Fortis Group Advisors, LLC $5,008 0.00% 200
ASSETMARK, INC $4,732 0.00% 189
Tower Research Capital LLC (TRC) $3,680 0.00% 147
Buck Wealth Strategies, LLC $2,504 0.00% 100

Showing the top 100 of 103 holders. Create a free account to see every holder, past quarters, search, filters and CSV export.

Key facts CIK 319654 CUSIP 714236106 13F (30d) 17 filings 17 filers Visit website