Softvest Advisors, LLC
SoftVest Advisors, LLC is an SEC-registered investment advisory firm headquartered in Abilene, Texas, founded in 2019. The firm specializes in managing portfolios with a strong focus on energy, natural resources, and royalty interests, particularly in the Permian Basin region. Serving institutional and high net worth clients, SoftVest Advisors operates with a lean team and discloses holdings through regular SEC filings. As of the latest available reports, the firm manages a concentrated portfolio with significant stakes in leading energy royalty companies and ETFs, primarily serving professional investors and trusts.
Investment Strategy
SoftVest Advisors employs a concentrated portfolio strategy, investing heavily in energy royalty trusts and related ETFs, focusing on resource-rich assets such as Texas Pacific Land Corp and Permian Basin Royalty Trust. The firm actively adjusts its allocations to maximize returns through tactical trading of ETFs and options related to oil, gas, and energy indices, taking both long and short positions via puts and calls. Their approach emphasizes deep sector knowledge, opportunistic value extraction, and active management of key holdings in the North American energy sector.
Top Holdings
Equity Positions (2)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
T TPL | TEXAS PACIFIC LAND CORPORATI | 52.24% | $415.5M | 393,300 | $530.00 | $1056.39 | -$105.6M |
P PBT | PERMIAN BASIN RTY TR | 9.72% | $77.3M | 6,206,624 | $9.33 | $12.46 | +$33.4M |
Options Positions (4)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
S SPY | SPDR S&P 500 ETF TR | Sold | Put | $123.6M | 2,000 | $617.85 | $571.25 | -2,500 | -$128.2M |
X XOP | SPDR SERIES TRUST | Sold | Put | $109.2M | 8,680 | $125.80 | $131.92 | -8,920 | -$122.6M |
X XOP | SPDR SERIES TRUST | — | Call | $56.6M | 4,500 | $125.80 | $131.52 | 0 | -$2.7M |
A ARLP | ALLIANCE RESOURCE PARTNERS L | — | Call | $13.1M | 5,000 | $26.14 | $26.88 | 0 | -$570.0K |