SoftVest Advisors, LLC

CIK 0001803391 · Q2 2026

13F Equity AUM

$921.1M

+5.6% QoQ

Positions

+3 QoQ

AUM Rank

#3,541

Top 28%

Skill Alpha (FF)

+37.2%/yr^ns

No Clear Edge

Rank #53 · Top 0.6%

vs S&P +8.2%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 97.6%Top 10: 100.0%Top 20: 100.0%

TPL73.3%

PBT16.9%

XOP3.0%

USO2.3%

TLT2.1%

SPY1.5%

CRT0.9%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Energy91.1%

Financial Services8.9%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 7Median: 2.31%Avg: 14.29%

0–0.5%

0(0.0%)

0.5–1%

1(0.9%)

1–3%

3(5.9%)

3–5%

1(3.0%)

5%+

2(90.2%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 7vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New3Increased2Decreased0Exited0

New Positions

USO2.3%

+200K

TLT2.1%

+223K

SPY1.5%

+19K

Increased

CRT0.9%

+227K(+33%)

TPL73.3%

+71K(+5%)

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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