CROSS TIMBERS ROYALTY TRUST: SoftVest group reports 924,960 Units of Beneficial Interest (shared) representing 15.42% of the class based on 6/30/2026 data and the Issuer's Form 10-Q as of May 14, 2026.
The filing is Amendment No. 2 to a Schedule 13G/A and lists SoftVest Advisors, LLC; SoftVest GP I, LLC; SoftVest, LP; and Eric L. Oliver as reporting persons. It states the holdings were not acquired to influence control and provides the reporting persons' principal business address.
Positive
None.
Negative
None.
Insights
SoftVest reports a 15.42% shared stake of 924,960 units in CRT.
The excerpt shows SoftVest, LP directly holds 924,960 Units of Beneficial Interest, and SoftVest Advisors, SoftVest GP I and Eric L. Oliver each report shared voting and dispositive power over the same 924,960 units. The filing references May 14, 2026 for the outstanding base of 6,000,000 Units.
Ownership is presented as passive here: the Reporting Persons certify 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." Subsequent filings or disclosures would be required to show any change in intent or active control actions.
Key Figures
Units beneficially owned:924,960 unitsPercent of class:15.42%Outstanding units referenced:6,000,000 Units+1 more
4 metrics
Units beneficially owned924,960 unitsDirectly held by SoftVest, LP; shared by reporting persons
Percent of class15.42%Based on 6,000,000 Units outstanding per Form 10-Q filed May 14, 2026
Outstanding units referenced6,000,000 UnitsIssuer's Form 10-Q referenced in the filing (as of May 14, 2026)
CUSIP22757R109Class identifier listed on cover page
Key Terms
Units of Beneficial Interest, Joint Filing Agreement, Beneficially owned
3 terms
Units of Beneficial Interestfinancial
"Title and Item 4: Amount beneficially owned: Units of Beneficial Interest"
Units of beneficial interest are pieces of ownership in a trust, fund, or pooled investment that give the holder a right to a share of the assets and income without holding the underlying property directly. Think of them as slices of a pie that entitle you to future slices of profit or distributions; investors care because these units determine how returns, risks, voting rights, and tax treatment are allocated and how easily you can buy or sell your stake.
Joint Filing Agreementregulatory
"Exhibit 1: Joint Filing Agreement, dated as of March 27, 2026"
Beneficially ownedregulatory
"SoftVest, LP directly holds 924,960 units of beneficial interest"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
What stake in CRT does SoftVest report in this Schedule 13G/A amendment?
SoftVest reports beneficial ownership of 924,960 Units of Beneficial Interest, representing 15.42% of the class based on the issuer's reported 6,000,000 Units outstanding as referenced in the filing.
Which entities and individuals signed the amendment for CRT (CRT)?
The amendment is filed by SoftVest Advisors, LLC, SoftVest GP I, LLC, SoftVest, LP, and Eric L. Oliver, each listed as a Reporting Person and joined under a Joint Filing Agreement dated March 27, 2026.
Does the filing state whether SoftVest intends to influence control of CRT (CRT)?
Yes. The Reporting Persons certify 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," indicating a passive intent as stated in the amendment.
What voting and dispositive powers are reported for the 924,960 units?
Each Reporting Person reports 0 sole voting and dispositive power and 924,960 shared voting and shared dispositive power over the Units of Beneficial Interest, as shown on the cover-page responses in the filing.
What reference does the filing use to calculate the 15.42% figure for CRT?
The filing states the percentage is "Based on 6,000,000 Units of Beneficial Interest outstanding as reported in the Issuer's Form 10-Q filed with the SEC on May 14, 2026," which is the basis for the 15.42% calculation.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
CROSS TIMBERS ROYALTY TRUST
(Name of Issuer)
Units of Beneficial Interest
(Title of Class of Securities)
22757R109
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
22757R109
1
Names of Reporting Persons
SoftVest Advisors, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
924,960.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
924,960.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
924,960.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
15.42 %
12
Type of Reporting Person (See Instructions)
IA
Comment for Type of Reporting Person: Based on 6,000,000 Units of Beneficial Interest (as defined below) of the Issuer (as defined below) outstanding as reported in the Issuer's Form 10-Q filed with the SEC on May 14, 2026.
SCHEDULE 13G
CUSIP Number(s):
22757R109
1
Names of Reporting Persons
SoftVest GP I, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
924,960.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
924,960.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
924,960.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
15.42 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: Based on 6,000,000 Units of Beneficial Interest (as defined below) of the Issuer (as defined below) outstanding as reported in the Issuer's Form 10-Q filed with the SEC on May 14, 2026.
SCHEDULE 13G
CUSIP Number(s):
22757R109
1
Names of Reporting Persons
SoftVest, LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
924,960.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
924,960.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
924,960.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
15.42 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: Based on 6,000,000 Units of Beneficial Interest (as defined below) of the Issuer (as defined below) outstanding as reported in the Issuer's Form 10-Q filed with the SEC on May 14, 2026.
SCHEDULE 13G
CUSIP Number(s):
22757R109
1
Names of Reporting Persons
Eric L. Oliver
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
924,960.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
924,960.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
924,960.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
15.42 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: Based on 6,000,000 Units of Beneficial Interest (as defined below) of the Issuer (as defined below) outstanding as reported in the Issuer's Form 10-Q filed with the SEC on May 14, 2026.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
CROSS TIMBERS ROYALTY TRUST
(b)
Address of issuer's principal executive offices:
c/o The Corporate Trustee: Argent Trust Company 3838 Oak Lawn Ave, Suite 1720 Dallas, TX 75219-4518
Item 2.
(a)
Name of person filing:
This Amendment No. 2 to Schedule 13G is being filed by (i) SoftVest Advisors, LLC, a Delaware limited liability company and a registered investment adviser ("SoftVest"), (ii) SoftVest GP I, LLC, a Delaware limited liability company ("SoftVest GP I, LLC"), (iii) SoftVest, LP, a Delaware limited partnership ("SoftVest, LP"), and (iv) Eric L. Oliver (each, a "Reporting Person" and, together, the "Reporting Persons"). SoftVest, LP directly holds 924,960 units of beneficial interest of the Issuer ("Units of Beneficial Interest"). SoftVest is the investment manager of SoftVest, LP, SoftVest GP I, LLC is the general partner of SoftVest, LP, and Eric L. Oliver is the managing member of each of SoftVest and SoftVest GP I, LLC. As a result, each of SoftVest, SoftVest GP I, LLC and Eric L. Oliver may be deemed to beneficially own the securities beneficially owned by SoftVest, LP. Each of the Reporting Persons listed in this filing certify the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the Issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that effect.
(b)
Address or principal business office or, if none, residence:
The principal business address of each of the Reporting Persons is as follows:
The registered office of SoftVest Advisors, LLC, SoftVest GP I, LLC, and SoftVest, LP is 400 Pine Street, Suite 1010, Abilene, TX, 79601. The principal business address of Eric L. Oliver is 400 Pine Street, Suite 1010, Abilene, TX, 79601.
(c)
Citizenship:
See response to Item 4 of each of the cover pages.
(d)
Title of class of securities:
Units of Beneficial Interest
(e)
CUSIP No.:
22757R109
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
See responses to Item 9 on each cover page.
(b)
Percent of class:
See responses to Item 11 on each cover page.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See responses to Item 5 on each cover page.
(ii) Shared power to vote or to direct the vote:
See responses to Item 6 on each cover page.
(iii) Sole power to dispose or to direct the disposition of:
See responses to Item 7 on each cover page.
(iv) Shared power to dispose or to direct the disposition of:
See responses to Item 8 on each cover page.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
SoftVest Advisors, LLC
Signature:
/s/ Eric L. Oliver
Name/Title:
Eric L. Oliver / President and Managing Member
Date:
07/09/2026
SoftVest GP I, LLC
Signature:
/s/ Eric L. Oliver
Name/Title:
Eric L. Oliver / President and Managing Member
Date:
07/09/2026
SoftVest, LP
Signature:
/s/ Eric L. Oliver / SOFTVEST GP I, LLC, the General Partner
Name/Title:
Eric L. Oliver / President and Managing Member
Date:
07/09/2026
Eric L. Oliver
Signature:
/s/ Eric L. Oliver
Name/Title:
Eric L. Oliver
Date:
07/09/2026
Comments accompanying signature: Exhibit 1: Joint Filing Agreement, dated as of March 27, 2026, by and among SoftVest Advisors, LLC, SoftVest GP I, LLC, SoftVest, LP and Eric L. Oliver (filed as an attachment to Schedule 13G filed on March 27, 2026).
