SoftVest Advisors, LLC and affiliated reporting persons filed Amendment No. 3 to Schedule 13G with the SEC on October 30, 2026, disclosing a 17.0% beneficial ownership position in Cross Timbers Royalty Trust (NYSE:CRT) as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: SoftVest Advisors, LLC, SoftVest GP I, LLC, SoftVest, LP, and Eric L. Oliver each report beneficial ownership of 1,019,426 Units of Beneficial Interest in Cross Timbers Royalty Trust.
  • Ownership percentage: The 1,019,426 units represent 17.0% of the 6,000,000 Units of Beneficial Interest reported as outstanding.
  • Voting and dispositive power: All four reporting persons report 0 sole voting power and 0 sole dispositive power, with shared voting and shared dispositive power of 1,019,426 units each.
  • Direct holder: According to the filing, SoftVest, LP directly holds the 1,019,426 units; the other reporting persons are deemed beneficial owners through their management and ownership roles.
  • Triggering event date: The date of the event requiring this filing is stated as September 30, 2026.
  • Passive intent certified: Each reporting person certified the securities "were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the Issuer."

SoftVest's Ownership Structure in Cross Timbers Royalty Trust

Cross Timbers Royalty Trust is a statutory trust that holds royalty and net profits interests in oil and gas properties. Its trustee is Argent Trust Company, located in Dallas, Texas, and the trust has 6,000,000 Units of Beneficial Interest outstanding, as reported in the issuer's quarterly filing with the SEC on August 13, 2026, according to the Schedule 13G disclosure.

The filing identifies four reporting persons, all of which report the same aggregate beneficial ownership figure of 1,019,426 units. SoftVest, LP is described as the direct holder of those units. SoftVest Advisors, LLC serves as investment manager of SoftVest, LP, and SoftVest GP I, LLC is identified as the general partner of SoftVest, LP. Eric L. Oliver is described as the managing member of both SoftVest Advisors, LLC and SoftVest GP I, LLC. The filing states that, as a result of these relationships, each of SoftVest Advisors, SoftVest GP I, LLC, and Eric L. Oliver "may be deemed to beneficially own the securities beneficially owned by SoftVest, LP."

All reporting persons are organized or domiciled in Delaware, with the exception of Eric L. Oliver, who is a United States citizen. The principal business address for all four reporting persons is listed as 400 Pine Street, Suite 1010, Abilene, TX, 79601. The filing is designated Amendment No. 3, indicating prior Schedule 13G filings by these same parties with respect to Cross Timbers Royalty Trust units bearing CUSIP number 22757R109.

What Was Disclosed

Amendment No. 3 to Schedule 13G filed October 30, 2026 reports that SoftVest Advisors, LLC, SoftVest GP I, LLC, SoftVest, LP, and Eric L. Oliver collectively hold shared beneficial ownership of 1,019,426 Units of Beneficial Interest in Cross Timbers Royalty Trust, equal to 17.0% of the outstanding units as of September 30, 2026.