Vault-13

SABINE RTY TR SBR

UNIT BEN INT · Royalty Trst · CUSIP 785688102

150 institutional holders -5 vs Q1 2026
2,649,0972.6m shares reported held*
$193.9mreported value*
13 new 43 added 29 reduced 16 sold out net bought ≈ $2.1m (+28.2k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $73.20.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 108Q4 22: 123Q1 23: 129Q2 23: 124Q3 23: 121Q4 23: 113Q1 24: 113Q2 24: 123Q3 24: 129Q4 24: 129Q1 25: 129Q2 25: 138Q3 25: 148Q4 25: 144Q1 26: 155Q2 26: 150150Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 2022108
Q4 2022123
Q1 2023129
Q2 2023124
Q3 2023121
Q4 2023113
Q1 2024113
Q2 2024123
Q3 2024129
Q4 2024129
Q1 2025129
Q2 2025138
Q3 2025148
Q4 2025144
Q1 2026155
Q2 2026150

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q3 24: 49 bought or addedQ3 24: 30 cut or sold outQ4 24: 43 bought or addedQ4 24: 44 cut or sold outQ4 24Q1 25: 51 bought or addedQ1 25: 32 cut or sold outQ2 25: 47 bought or addedQ2 25: 40 cut or sold outQ2 25Q3 25: 56 bought or addedQ3 25: 37 cut or sold outQ4 25: 54 bought or addedQ4 25: 56 cut or sold outQ4 25Q1 26: 63 bought or addedQ1 26: 48 cut or sold outQ2 26: 56 bought or addedQ2 26: 45 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20244930
Q4 20244344
Q1 20255132
Q2 20254740
Q3 20255637
Q4 20255456
Q1 20266348
Q2 20265645

Biggest buyers

CWA Asset Management Group, LLC New +70,788+70.8k
TWO SIGMA INVESTMENTS, LP Added +38,075+38.1k
Beacon Pointe Advisors, LLC Added +30,386+30.4k
Nuveen, LLC New +18,977+19.0k
Americana Partners, LLC Added +17,474+17.5k
Savant Capital, LLC Added +16,339+16.3k
49 WEALTH MANAGEMENT, LLC New +16,049+16.0k
XTX Topco Ltd New +9,872+9.9k
Uniplan Investment Counsel, Inc. Added +9,062+9.1k
JANE STREET GROUP, LLC New +8,231+8.2k

Biggest sellers

MORGAN STANLEY Reduced -68,810-68.8k
MARSHALL WACE, LLP Reduced -46,572-46.6k
Ashton Thomas Private Wealth, LLC Reduced -31,061-31.1k
JPMORGAN CHASE & CO Reduced -14,793-14.8k
Creative Planning Reduced -12,078-12.1k
GK Wealth Management LLC Sold out -10,466-10.5k
&PARTNERS Sold out -8,171-8.2k
Focus Partners Wealth Sold out -7,032-7.0k
UBS Group AG Reduced -4,914-4.9k
Voleon Capital Management LP Sold out -4,395-4.4k

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Americana Partners, LLC 0.49% of their portfolio Houston, TX 295,755295.8k $21.6m $21.6m 0.49% Added +17.5k +17,474
2 Beacon Pointe Advisors, LLC 0.09% of their portfolio NEWPORT BEACH, CA 252,353252.4k $18.5m $18.5m 0.09% Added +30.4k +30,386
3 Prospera Financial Services Inc 0.19% of their portfolio Dallas, TX 180,835180.8k $13.2m $13.2m 0.19% Added +2.5k +2,534
4 KING LUTHER CAPITAL MANAGEMENT CORP 0.04% of their portfolio FORT WORTH, TX 143,555143.6k $10.5m $10.5m 0.04% Unchanged
5 HORIZON KINETICS ASSET MANAGEMENT LLC 0.09% of their portfolio NEW YORK, NY 111,796111.8k $8.2m $8.2m 0.09% Added +646 +646
6 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 87,43687.4k $6.4m $6.4m 0.00% Added +38.1k +38,075
7 Fayez Sarofim & Co 0.01% of their portfolio Houston, TX 81,34681.3k $6.0m $6.0m 0.01% Unchanged
8 Ashton Thomas Private Wealth, LLC 0.12% of their portfolio SCOTTSDALE, AZ 75,57875.6k $5.5m $5.5m 0.12% Reduced -31.1k -31,061
9 CWA Asset Management Group, LLC 0.16% of their portfolio NAPLES, FL 70,78870.8k $5.2m $5.2m 0.16% New
10 HOWARD FINANCIAL SERVICES, LTD. 0.50% of their portfolio DALLAS, TX 68,18768.2k $5.0m $5.0m 0.50% Added +105 +105
11 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 66,45466.5k $4.9m $4.9m 0.00% Reduced -68.8k -68,810
12 Uniplan Investment Counsel, Inc. 0.33% of their portfolio MILWAUKEE, WI 48,20748.2k $3.5m $3.5m 0.33% Added +9.1k +9,062
13 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 38,25938.3k $2.8m $2.8m 0.00% Added +3.5k +3,464
14 SCS Capital Management LLC 0.02% of their portfolio BOSTON, MA 32,61432.6k $2.4m $2.4m 0.02% Added +1.5k +1,499
15 MOODY NATIONAL BANK TRUST DIVISION 0.19% of their portfolio GALVESTON, TX 31,89631.9k $2.3m $2.3m 0.19% Reduced -3.3k -3,289
16 Capital Analysts, LLC 0.05% of their portfolio FORT WASHINGTON, PA 31,02031.0k $2.3m $2.3m 0.05% Added +380 +380
17 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 28,32028.3k $2.1m $2.1m 0.00% Reduced -3.2k -3,196
18 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 28,27628.3k $2.1m $2.1m 0.00% Added +1.5k +1,457
19 CHILTON CAPITAL MANAGEMENT LLC 0.06% of their portfolio HOUSTON, TX 27,69827.7k $2.0m $2.0m 0.06% Reduced -3.4k -3,398
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 26,63726.6k $1.9m $1.9m 0.00% Added +1.3k +1,304
21 Significant Wealth Partners LLC 2.11% of their portfolio CARY, IL 26,62426.6k $1.9m $1.9m 2.11% Added +414 +414
22 Blue Trust, Inc. 0.02% of their portfolio BRENTWOOD, TN 25,05525.1k $1.8m $1.8m 0.02% Unchanged
23 Mraz, Amerine & Associates, Inc. 0.24% of their portfolio Modesto, CA 23,32523.3k $1.7m $1.7m 0.24% Unchanged
24 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 23,27623.3k $1.7m $1.7m 0.00% Added +5.6k +5,552
25 PEAPACK GLADSTONE FINANCIAL CORP 0.02% of their portfolio BEDMINSTER, NJ 23,12923.1k $1.7m $1.7m 0.02% Added +74 +74
26 Greenfield Seitz Capital Management, LLC 0.50% of their portfolio DALLAS, TX 23,10023.1k $1.7m $1.7m 0.50% Unchanged
27 Concurrent Investment Advisors, LLC 0.01% of their portfolio Tampa, FL 22,95123.0k $1.7m $1.7m 0.01% Reduced -530 -530
28 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 22,36722.4k $1.6m $1.6m 0.00% Reduced -2.7k -2,691
29 Savant Capital, LLC 0.00% of their portfolio ROCKFORD, IL 22,32122.3k $1.6m $1.6m 0.00% Added +16.3k +16,339
30 Clare Market Investments LLC 0.29% of their portfolio DALLAS, TX 21,82521.8k $1.6m $1.6m 0.29% Unchanged
31 BWM Planning, LLC 0.37% of their portfolio THE WOODLANDS, TX 21,55221.6k $1.6m $1.6m 0.37% Unchanged
32 VeraBank, N.A. 0.24% of their portfolio HENDERSON, TX 19,75219.8k $1.4m $1.4m 0.24% Unchanged
33 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 18,97719.0k $1.4m $1.4m 0.00% New
34 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 17,71817.7k $1.3m $1.3m 0.00% Added +429 +429
35 UBS Group AG 0.00% of their portfolio ZURICH, V8 16,98017.0k $1.2m $1.2m 0.00% Reduced -4.9k -4,914
36 49 WEALTH MANAGEMENT, LLC 0.22% of their portfolio AUSTIN, TX 16,04916.0k $1.2m $1.2m 0.22% New
37 ALONGSIDE, LLC 0.22% of their portfolio AUSTIN, TX 16,04916.0k $1.2m $1.2m 0.22% First filing
38 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 15,42315.4k $1.1m $1.1m 0.00% Unchanged
39 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 15,13415.1k $1.1m $1.1m 0.00% Added +200 +200
40 PFG Advisors 0.05% of their portfolio Phoenix, AZ 14,84614.8k $1.1m $1.1m 0.05% Unchanged
41 Moors & Cabot, Inc. 0.04% of their portfolio BOSTON, MA 14,59614.6k $1.1m $1.1m 0.04% Added +1 +1
42 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 14,17114.2k $1.0m $1.0m 0.00% Reduced -717 -717
43 MCDANIEL TERRY & CO 0.08% of their portfolio AUSTIN, TX 14,00014.0k $1.0m $1.0m 0.08% Unchanged
44 Sendero Wealth Management, LLC 0.09% of their portfolio SAN ANTONIO, TX 12,92712.9k $946.3k $946.3k 0.09% Unchanged
45 AMG National Trust Bank 0.02% of their portfolio GREENWOOD VILLAGE, CO 12,68012.7k $928.2k $928.2k 0.02% Unchanged
46 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 12,27112.3k $898.2k $898.2k 0.00% Reduced -46.6k -46,572
47 RAHLFS CAPITAL, LLC 0.64% of their portfolio LAKE KIOWA, TX 11,98512.0k $877.3k $877.3k 0.64% Unchanged
48 WESTWOOD HOLDINGS GROUP INC 0.01% of their portfolio DALLAS, TX 11,98012.0k $876.9k $876.9k 0.01% Added +6.6k +6,603
49 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 11,82411.8k $865.5k $865.5k 0.00% Added +5.1k +5,067
50 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 11,66911.7k $854.3k $854.3k 0.00% Added +373 +373
51 MOTCO 0.07% of their portfolio SAN ANTONIO, TX 11,60011.6k $849.1k $849.1k 0.07% Unchanged
52 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 11,21211.2k $820.7k $820.7k 0.00% Added +944 +944
53 INDEPENDENT FINANCIAL GROUP, LLC 0.02% of their portfolio SAN DIEGO, CA 11,15411.2k $816.4k $816.4k 0.02% Added +150 +150
54 Capital Investment Advisors, LLC 0.01% of their portfolio ATLANTA, GA 11,04111.0k $808.2k $808.2k 0.01% Reduced -1.1k -1,110
55 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 10,90510.9k $798.2k $798.2k 0.00% Added +3.2k +3,223
56 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 10,81410.8k $791.6k $791.6k 0.01% Added +5 +5
57 Robertson Stephens Wealth Management, LLC 0.02% of their portfolio San Francisco, CA 10,60010.6k $775.9k $775.9k 0.02% Unchanged
58 DWR WEALTH MANAGEMENT, LLC 0.57% of their portfolio SAN JOSE, CA 10,46610.5k $760.4k $760.4k 0.57% Unchanged
59 FRANKLIN STREET ADVISORS INC /NC 0.04% of their portfolio CHAPEL HILL, NC 10,08110.1k $737.9k $737.9k 0.04% Unchanged
60 Burford Brothers, Inc. 0.27% of their portfolio DALLAS, TX 10,00010.0k $732.0k $732.0k 0.27% Unchanged
61 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 9,8729.9k $722.6k $722.6k 0.01% New
62 Essex Financial Services, Inc. 0.03% of their portfolio ESSEX, CT 9,2569.3k $677.6k $677.6k 0.03% Added +19 +19
63 M.E. ALLISON & CO., INC. 0.38% of their portfolio SAN ANTONIO, TX 9,0309.0k $661.0k $661.0k 0.38% Added +10 +10
64 BlackRock, Inc. 0.00% of their portfolio New York, NY 8,8908.9k $650.7k $650.7k 0.00% Reduced -2.7k -2,728
65 Summit Trail Advisors, LLC 0.01% of their portfolio NEW YORK, NY 8,5008.5k $622.2k $622.2k 0.01% Unchanged
66 Fielder Capital Group LLC 0.13% of their portfolio NASHVILLE, TN 8,4978.5k $622.0k $622.0k 0.13% Unchanged
67 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 8,2318.2k $602.5k $602.5k 0.00% New
68 CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio TORONTO ONTARIO, A6 8,0008.0k $585.6k $585.6k 0.00% Unchanged
69 Verdence Capital Advisors LLC 0.03% of their portfolio HUNT VALLEY, MD 8,0008.0k $585.6k $585.6k 0.03% Reduced -1.0k -1,000
70 BROWN ADVISORY INC 0.00% of their portfolio BALTIMORE, MD 7,6007.6k $556.3k $556.3k 0.00% Unchanged
71 State of Wyoming 0.05% of their portfolio CHEYENNE, WY 7,3927.4k $541.1k $541.1k 0.05% Added +1.6k +1,585
72 Carnegie Investment Counsel 0.01% of their portfolio PEPPER PIKE, OH 7,3007.3k $534.4k $534.4k 0.01% Unchanged
73 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 6,8506.8k $501.4k $501.4k 0.00% Unchanged
74 PRIVATE TRUST CO NA 0.04% of their portfolio CLEVELAND, OH 6,8006.8k $497.8k $497.8k 0.04% Unchanged
75 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 6,4046.4k $468.8k $468.8k 0.00% Added +503 +503
76 RWA WEALTH PARTNERS, LLC 0.00% of their portfolio BOSTON, MA 6,3836.4k $467.2k $467.2k 0.00% Reduced -486 -486
77 1900 WEALTH MANAGEMENT LLC 0.02% of their portfolio SAN ANTONIO, TX 6,1306.1k $448.7k $448.7k 0.02% Reduced -4.1k -4,137
78 HOLDERNESS INVESTMENTS CO 0.07% of their portfolio GREENSBORO, NC 6,0006.0k $439.2k $439.2k 0.07% Unchanged
79 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 5,7565.8k $421.3k $421.3k 0.00% Reduced -12.1k -12,078
80 Quadrature Capital Ltd 0.00% of their portfolio LONDON, X0 5,6815.7k $415.8k $415.8k 0.00% Reduced -2.4k -2,399
81 Custos Family Office, LLC 0.24% of their portfolio AUSTIN, TX 5,5645.6k $407.3k $407.3k 0.24% Unchanged
82 Tyche Wealth Partners LLC 0.05% of their portfolio PLANO, TX 5,2695.3k $385.7k $385.7k 0.05% Added +9 +9
83 BEACON FINANCIAL GROUP 0.03% of their portfolio DALLAS, TX 5,2555.3k $384.6k $384.6k 0.03% Unchanged
84 Hilltop Holdings Inc. 0.03% of their portfolio DALLAS, TX 4,9825.0k $364.7k $364.7k 0.03% Reduced -318 -318
85 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 4,7514.8k $347.8k $347.8k 0.00% Reduced -1.5k -1,470
86 HUB Investment Partners, LLC 0.01% of their portfolio AUSTIN, TX 4,6964.7k $343.8k $343.8k 0.01% Added +785 +785
87 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 4,6784.7k $342.5k $342.5k 0.00% Reduced -5 -5
88 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 4,6184.6k $338.0k $338.0k 0.00% Reduced -198 -198
89 CHILTON INVESTMENT CO INC. 0.01% of their portfolio STAMFORD, CT 4,5334.5k $331.8k $331.8k 0.01% Unchanged
90 Argent Trust Co 0.01% of their portfolio NASHVILLE, TN 4,4934.5k $328.9k $328.9k 0.01% Unchanged
91 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 4,2344.2k $309.9k $309.9k 0.00% Added +252 +252
92 TITLEIST ASSET MANAGEMENT, LLC 0.02% of their portfolio SAN ANTONIO, TX 4,2114.2k $308.3k $308.3k 0.02% Added +21 +21
93 HAMEL ASSOCIATES, INC. 0.08% of their portfolio Center Valley, PA 4,1004.1k $300.1k $300.1k 0.08% New
94 Oxbow Advisors, LLC 0.02% of their portfolio Austin, TX 3,7683.8k $275.8k $275.8k 0.02% Unchanged
95 State of Tennessee, Department of Treasury 0.00% of their portfolio NASHVILLE, TN 3,6743.7k $268.9k $268.9k 0.00% Reduced -1.7k -1,671
96 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 3,6173.6k $264.8k $264.8k 0.00% Unchanged
97 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,5613.6k $261.0k $261.0k 0.00% Added +1.4k +1,393
98 Pinnacle Financial Partners, Inc. 0.00% of their portfolio ATLANTA, GA 3,5063.5k $256.6k $256.6k 0.00% Unchanged
99 ISLAY CAPITAL MANAGEMENT, LLC 0.12% of their portfolio Lubbock, TX 3,5003.5k $256.2k $256.2k 0.12% Unchanged
100 RHODES INVESTMENT ADVISORS INC /ADV 0.19% of their portfolio FORT WORTH, TX 3,4973.5k $256.0k $256.0k 0.19% New