Sabine Royalty Trust
US ˙ NYSE ˙ US7856881021

SecuritySBR / Sabine Royalty Trust
InstitutionCitadel Advisors Llc
ManagerKen Griffin
Latest Disclosed Ownership34,795 shares
Latest Disclosed Value $ 2,621,455
Citadel Advisors Llc reports 10.52% decrease in ownership of SBR / Sabine Royalty Trust

On May 15, 2026 - Citadel Advisors Llc filed a 13F-HR form disclosing ownership of 34,795 shares of Sabine Royalty Trust (US:SBR) valued at $2,621,455 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 38,887 shares of Sabine Royalty Trust. This represents a change in shares of -10.52% during the quarter. The current value of the position is $2,683,390 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F SABINE RTY TR UNIT BEN INT 785688102 34,795 -4,092 -10.52 2,621 -1.69 0.0004
2026-02-17 2025-12-31 13F SABINE RTY TR UNIT BEN INT 785688102 38,887 7,797 25.08 2,666 7.94 0.0004
2025-11-14 2025-09-30 13F SABINE RTY TR UNIT BEN INT 785688102 31,090 4,995 19.14 2,470 41.95 0.0004
2025-08-14 2025-06-30 13F SABINE RTY TR UNIT BEN INT 785688102 26,095 14,656 128.12 1,740 124.81 0.0003
2025-05-15 2025-03-31 13F SABINE RTY TR UNIT BEN INT 785688102 11,439 11,439 774 0.0001
2025-02-14 2024-12-31 13F SABINE RTY TR UNIT BEN INT 785688102 0 -7,017 -100.00 0 -100.00
2024-11-14 2024-09-30 13F SABINE RTY TR UNIT BEN INT 785688102 7,017 3,134 80.71 433 72.51 0.0001
2024-08-14 2024-06-30 13F SABINE RTY TR UNIT BEN INT 785688102 3,883 3,883 251 0.0001
2024-05-15 2024-03-31 13F SABINE RTY TR UNIT BEN INT 785688102 0 -4,289 -100.00 0 -100.00
2024-02-14 2023-12-31 13F SABINE RTY TR UNIT BEN INT 785688102 4,289 -8,733 -67.06 291 -66.08 0.0001
2023-11-14 2023-09-30 13F SABINE RTY TR UNIT BEN INT 785688102 13,022 -31,024 -70.44 858 -70.45 0.0002
2023-08-14 2023-06-30 13F SABINE RTY TR UNIT BEN INT 785688102 44,046 -11,960 -21.35 2,904 -27.78 0.0006
2023-05-15 2023-03-31 13F SABINE RTY TR UNIT BEN INT 785688102 56,006 39,689 243.24 4,022 188.45 0.0009
2023-02-14 2022-12-31 13F SABINE RTY TR UNIT BEN INT 785688102 16,317 -1,429 -8.05 1,394 10.55 0.0003
2022-11-14 2022-09-30 13F SABINE RTY TR UNIT BEN INT 785688102 17,746 -22,997 -56.44 1,261 -49.15 0.0003
2022-08-15 2022-06-30 13F SABINE RTY TR UNIT BEN INT 785688102 40,743 22,977 129.33 2,480 141.72 0.0006
2022-05-16 2022-03-31 13F SABINE RTY TR UNIT BEN INT 785688102 17,766 -5,809 -24.64 1,026 4.37 0.0002
2022-02-14 2021-12-31 13F SABINE RTY TR UNIT BEN INT 785688102 23,575 12,243 108.04 983 102.26 0.0002
2021-11-15 2021-09-30 13F SABINE RTY TR Cmn 785688102 11,332 11,332 486 0.0001
2021-08-16 2021-06-30 13F SABINE ROYALTY TR UNIT BEN INT 785688102 0 -10,285 -100.00 0 -100.00
2021-05-21 2021-03-31 13F/A-1 SABINE ROYALTY TR UNIT BEN INT 785688102 10,285 10,285 312 0.0001
2021-05-17 2021-03-31 13F SABINE ROYALTY TR UNIT BEN INT 785688102 10,285 10,285 312 0.0001
2021-02-16 2020-12-31 13F SABINE ROYALTY TR UNIT BEN INT 785688102 0 -10,766 -100.00 0 -100.00
2020-11-16 2020-09-30 13F SABINE ROYALTY TR UNIT BEN INT 785688102 10,766 10,766 313 0.0001
2020-05-15 2020-03-31 13F SABINE ROYALTY TR Cmn 785688102 0 -10,720 -100.00 0 -100.00
2020-02-14 2019-12-31 13F SABINE ROYALTY TR Cmn 785688102 10,720 10,720 432 0.0002
2017-02-10 2016-12-31 13F SABINE ROYALTY TRUST CMN STK Cmn 785688102 0 -6,269 -100.00 0 -100.00
2017-01-31 2016-09-30 13F/A-1 SABINE ROYALTY TR Cmn 785688102 6,269 -2,285 -26.71 230 -19.58 0.0002
2016-11-10 2016-09-30 13F SABINE ROYALTY TRUST CMN STK Cmn 785688102 6,269 230
2017-01-31 2016-06-30 13F/A-1 SABINE ROYALTY TR Cmn 785688102 8,554 -342 -3.84 286 8.75 0.0003
2016-08-12 2016-06-30 13F SABINE ROYALTY TRUST CMN STK Cmn 785688102 8,554 286
2017-01-31 2016-03-31 13F/A-1 SABINE ROYALTY TR Cmn 785688102 8,896 -3,385 -27.56 263 -18.32 0.0003
2016-05-13 2016-03-31 13F SABINE ROYALTY TRUST CMN STK Cmn 785688102 8,896 263
2017-01-31 2015-12-31 13F/A-1 SABINE ROYALTY TR Cmn 785688102 12,281 2,830 29.94 322 11.42 0.0004
2016-02-12 2015-12-31 13F SABINE ROYALTY TRUST CMN STK Cmn 785688102 12,281 322
2015-11-16 2015-09-30 13F SABINE ROYALTY TRUST CMN STK Cmn 785688102 9,451 -15,791 -62.56 289 -69.67 0.0003
2015-08-14 2015-06-30 13F SABINE ROYALTY TRUST CMN STK Cmn 785688102 25,242 -4,975 -16.46 953 -19.85 0.0008
2015-05-15 2015-03-31 13F SABINE ROYALTY TRUST CMN STK Cmn 785688102 30,217 12,137 67.13 1,189 83.77 0.0013
2015-02-17 2014-12-31 13F SABINE ROYALTY TRUST CMN STK Cmn 785688102 18,080 1,527 9.22 647 -27.95 0.0008
2014-11-14 2014-09-30 13F SABINE ROYALTY TRUST CMN STK Cmn 785688102 16,553 -956 -5.46 898 -15.36 0.0011
2014-08-14 2014-06-30 13F SABINE ROYALTY TRUST CMN STK Cmn 785688102 17,509 -9,320 -34.74 1,061 -20.11 0.0014
2014-05-15 2014-03-31 13F SABINE ROYALTY TRUST CMN STK Cmn 785688102 26,829 11,576 75.89 1,328 72.24 0.0018
2014-02-14 2013-12-31 13F SABINE ROYALTY TRUST CMN STK Cmn 785688102 15,253 -3,975 -20.67 771 -21.08 0.0010
2013-11-14 2013-09-30 13F SABINE ROYALTY TRUST CMN STK Cmn 785688102 19,228 -7,626 -28.40 977 -30.01 0.0015
2013-08-14 2013-06-30 13F SABINE ROYALTY TRUST CMN STK Cmn 785688102 26,854 26,854 1,396 0.0024
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.