| Stock | Ownership Trend | Portfolio % | Prev Q % | Q2 2026 Value | Q2 2026 Shares | Prev Q Value | Prev Q Shares | Shares Change | Action |
|---|---|---|---|---|---|---|---|---|---|
| TTEXAS PACIFIC LAND CORPORATITPL | 73.28% | 80.06% | $675.0M | 1.5M | $698.2M | 1.5M | +71,100+4.83% | Add | |
| PPERMIAN BASIN RTY TRPBT | 16.9% | 15.34% | $155.7M | 6.2M | $133.8M | 6.2M | 00.00% | Unchanged | |
| SSPDR SERIES TRUSTXOP | 3.01% | 3.75% | $27.8M | 180,000 | $32.7M | 180,000 | 00.00% | Unchanged | |
| UUNITED STS OIL FD LPUSO | 2.31% | — | $21.3M | 200,000 | $0 | 0 | +200,000 | New Buy | |
| IISHARES TRTLT | 2.08% | — | $19.2M | 222,800 | $0 | 0 | +222,800 | New Buy | |
| SSTATE STR SPDR S&P 500 ETF TSPY | 1.5% | — | $13.8M | 18,500 | $0 | 0 | +18,500 | New Buy | |
| CCROSS TIMBERS RTY TRCRT | 0.91% | 0.85% | $8.4M | 924,960 | $7.4M | 697,893 | +227,067+32.54% | Add |
