Instuitional Investor - Softvest Advisors, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Texas Pacific Land Corp	TPL	393,300	$521,118,567	46.47%
2.	Spdr S & P 500 Etf TrustPUT	SPY	450,000	$251,725,500	22.45%
3.	Spdr Ser Tr - S&P OILGAS EXPPUTPUT		1,760,000	$231,809,600	20.67%
4.	Spdr Ser Tr - S&P OILGAS EXPCALLCALL		450,000	$59,269,500	5.29%
5.	Permian Basin Rty Tr	PBT	4,429,695	$43,898,277	3.91%