San Juan Basin Royalty Trust
SJT
About: San Juan Basin Royalty Trust is an energy sector royalty trust in the United States. It owns approximately 75% net profit interest in a large number of natural gas properties in the San Juan Basin of New Mexico. About 98% of the royalties San Juan collects come from natural gas, with the balance coming from oil.
Employees: 495
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
188% more call options, than puts
Call options by funds: $3.19M | Put options by funds: $1.11M
100% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]
24% more capital invested
Capital invested by funds: $72.2M [Q1] → $89.7M (+$17.5M) [Q2]
4.08% more ownership
Funds ownership: 28.11% [Q1] → 32.2% (+4.08%) [Q2]
7% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 15
0% more funds holding
Funds holding: 85 [Q1] → 85 (+0) [Q2]
10% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 21
Financial journalist opinion