Stock Analysis
Data Source: SEC EDGAR 13F
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San Juan Basin Rty Tr (SJT)

88 + Investors. Track Smart Money conviction in SJT. See who's accumulating, reducing, or initiating positions.

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Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +2
Streak
1Q ▲
Buyers last Q
62%

Smart Money Signals — SJT

Based on 88 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added SJT than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (95% of max)

95% of all-time peak
88 hedge funds hold SJT right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding SJT is almost the same as a year ago (+1 funds, +1% change). No significant rush to buy or sell — institutional backing is holding steady.
🟢

More buyers than sellers — 62% buying

39 buying24 selling
Last quarter: 39 funds were net buyers (10 opened a brand new position + 29 added to an existing one). Only 24 were sellers (16 trimmed + 8 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~10 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 16 → 13 → 13 → 10. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

58% of holders stayed for 2+ years

58% conviction (2yr+) 23% medium 19% new
51 out of 88 hedge funds have held SJT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +7%, value -11%

Value
-11%
Shares
+6%
Last quarter: funds added +7% more shares while total portfolio value only changed -11%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

14 → 16 → 13 → 13 → 10 new funds/Q
New funds entering each quarter: 16 → 13 → 13 → 10. SJT is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 68% veterans vs 22% newcomers

68% veterans 10% 1-2yr 22% new
Entry-cohort mix of 94 holders: 64 (68%) are 2+ year veterans, 9 entered 1–2 years ago, and 21 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 16% AUM from top-100

16% from top-100 AUM funds
14 of 88 holders rank in the top 100 by AUM, but together hold only 16% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — SJT

In 2026 Q1, 39 hedge funds were net buyers of SJT (10 opened a new position, 29 added to an existing one), while 24 reduced or exited (16 trimmed, 8 sold completely) — a 62% buyer ratio, indicating clear institutional accumulation. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 88.

Hedge Fund Ownership: SJT

How many hedge funds hold SJT — quarterly history vs. share price
Quarterly hedge fund ownership of SJT vs. share price

Market Analysis: SJT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SJT

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

8 top-rated funds 0 high-conviction
Consensus
4.1
/ 10
breadth
×
Elite
0.7
/ 10
conviction
Hedge Fund Positioning: SJT
2026 Q2 Stats Unlock in 3 days 88 + Investors

Track Smart Money conviction in SJT. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 88 86 2.33%
13F Shares 17M 16M 6.76%
Total Value $78M $88M -11.07%
New Positions 10 13 -3
Increased Positions 28 23 +5
Closed Positions 8 13 -5
Reduced Positions 14 24 -10
Total Calls 3 2 50.0%
Total Puts 3 3 -
PUT/CALL Ratio 1.0 1.5 Neutral

Statistics: SJT

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Institutional Holders (2026 Q2)

88 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in SJT. Verified SEC 13F-HR filings.

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 SJT holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Horizon Kinetics Asset Management LLC 0.27% 7,494,020 $24.1M
2 Pingora Partners LLC 0.25% 135,057 $434K
3 Atlas Wealth Partners, LLC 0.14% 40,106 $129K
4 Moors & Cabot, Inc. 0.11% 859,190 $2.8M
5 Punch & Associates Investment Management, INC. 0.10% 641,414 $2.1M
6 Mraz, Amerine & Associates, Inc. 0.08% 184,236 $591K
7 Mcdaniel Terry & Co 0.08% 318,076 $1.0M
8 Meixler Investment Management, Ltd. 0.08% 44,600 $143K
9 Ashton Thomas Private Wealth, LLC 0.06% 946,043 $3.0M
10 Greenfield Seitz Capital Management, LLC 0.05% 53,100 $170K
11 Dwr Wealth Management, LLC 0.05% 20,500 $61K
12 Key Client Fiduciary Advisors, LLC 0.03% 31,850 $102K
13 Adkins Seale Capital Management LLC 0.02% 3,714 $21K
14 Kingswood Wealth Advisors, LLC 0.02% 155,450 $499K
15 PKS Advisory Services, LLC 0.02% 37,883 $122K
16 Delta Investment Management, LLC 0.02% 34,461 $111K
17 Westfuller Advisors, LLC 0.01% 11,430 $37K
18 Pekin Hardy Strauss, Inc. 0.01% 35,750 $115K
19 Advisory Services Network, LLC 0.01% 240,377 $772K
20 Evernest Financial Advisors, LLC 0.01% 11,000 $35K
21 XTX Topco Ltd 0.01% 170,922 $549K
22 SevenBridge Financial Group, LLC 0.01% 15,000 $38K
23 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.01% 15,682 $50K
24 Foundation Resource Management Inc 0.01% 14,565 $47K
25 Roundview Capital LLC 0.01% 30,000 $96K
Investor Ownership
History
% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — San Juan Basin Rty Tr (SJT)

What does the Smart Money Trend signal show for SJT?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added SJT than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for SJT?

More buyers than sellers — 62% buying: Last quarter: 39 funds were net buyers (10 opened a brand new position + 29 added to an existing one). Only 24 were sellers (16 trimmed + 8 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for SJT holders?

Smaller funds dominant — 16% AUM from top-100: 14 of 88 holders rank in the top 100 by AUM, but together hold only 16% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held SJT?

58% of holders stayed for 2+ years: 51 out of 88 hedge funds have held SJT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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