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Horizon Kinetics's investment thesis on San Juan Basin Royalty Trust ($SJT) — Q3 2025 | Buyside Digest

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$SJTNYSESan Juan Basin Royalty Trust

BULL

Horizon Kinetics—SJT

Fund Letter

Q3 2025

Published September 30, 2025

View Fund Profile

$2.46USD

-17.0% vs last month

$6.47Pitched

-62.0% since pitch

Market CapN/A

P/E (TTM)N/A

52-Wk RangeN/A

Div. YieldN/A

Technical Chart

From the Fund Letter

Horizon Kinetics advocates sidestepping index concentration risk by investing in alternative equity classes that benefit from localized inflation and scarcity value. The firm highlights...

— Murray Stahl

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