Instuitional Investor - Softvest Advisors, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Texas Pacific Land Corp	TPL	393,300	$415,478,187	52.24%
2.	Spdr S & P 500 Etf TrustPUT	SPY	200,000	$123,570,000	15.54%
3.	Spdr Series Trust - S&P OILGAS EXPPUTPUT		868,000	$109,194,400	13.73%
4.	Permian Basin Royalty Trust	PBT	6,206,624	$77,334,535	9.72%
5.	Spdr Series Trust - S&P OILGAS EXPCALLCALL		450,000	$56,610,000	7.12%