Permian Basin Royalty Trust (PBT)

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Institutional Investors' Holdings

Filing Period: Filing is Ongoing

No.	Name	Shares	Value	% Port
1.	Mad River Investors	883,917	$11,013,607	4.93%
2.	Foundation Resource Management Inc	643,257	$8,014,982	1.24%
3.	Essex Financial Services, Inc.	59,174	$737,305	0.05%
4.	Ronald Blue Trust, Inc.	20,420	$254,433	0%
5.	Capital Investment Advisors, Llc	18,362	$228,237	0%