Cross Timbers Royalty Trust ownership update: an amendment to a Schedule 13G/A reports that SoftVest, LP directly holds 855,874 units of beneficial interest in the trust, representing 14.26% of the class based on 6,000,000 Units of Beneficial Interest outstanding as reported in the Issuer's Form 10-Q filed May 14, 2026. The filing lists the related reporting persons — SoftVest Advisors, LLC; SoftVest GP I, LLC; SoftVest, LP; and Eric L. Oliver — and states these holdings were not acquired and are not held for the purpose of changing or influencing control of the trust.
Positive
None.
Negative
None.
Insights
SoftVest group reports a meaningful passive stake without control intent.
The filing shows 855,874 units held directly by SoftVest, LP and reported across affiliated entities and an individual, representing 14.26% of the outstanding units as of the issuer's Form 10-Q filed May 14, 2026. The reporting persons explicitly certify the position was not acquired to influence control.
The legal qualifier that the holdings are not intended to change control is standard in Schedule 13 filings and limits governance implications; subsequent filings would be required to show any active control intent or changes in position.
Disclosure clarifies ownership concentration and reporting structure.
The disclosure ties the 14.26% figure to a 6,000,000 units outstanding anchor from the trust's Form 10-Q filed May 14, 2026, helping quantify the holder's scale. Ownership is reported via affiliates: advisor, GP, partnership, and an individual managing member.
For market participants, the filing mainly provides transparency on beneficial ownership and organizational attribution; any trading activity or change in intent would require updated filings.
Key Figures
Units held by SoftVest, LP:855,874 unitsPercent of class:14.26%Units outstanding used for calculation:6,000,000 units
3 metrics
Units held by SoftVest, LP855,874 unitsDirect holdings reported on Schedule 13G/A
Percent of class14.26%Calculated from 6,000,000 units outstanding per Form 10-Q filed May 14, 2026
Units outstanding used for calculation6,000,000 unitsAs reported in the Issuer's Form 10-Q filed May 14, 2026
Key Terms
Units of Beneficial Interest, Schedule 13G/A, Shared Dispositive Power
3 terms
Units of Beneficial Interestfinancial
"Title of class of securities: 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.
Schedule 13G/Aregulatory
"This Amendment No. 1 to is being filed by (i) SoftVest Advisors, LLC"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Shared Dispositive Powerfinancial
"Shared Dispositive Power 855,874.00 9 855,874.00"
What stake did SoftVest disclose in Cross Timbers Royalty Trust (CRT)?
SoftVest, LP directly holds 855,874 units, equal to 14.26% of the class. This percentage is calculated using 6,000,000 Units of Beneficial Interest outstanding reported in the trust's Form 10-Q filed May 14, 2026.
Who are the reporting persons listed in the CRT Schedule 13G/A amendment?
The filing lists four reporting persons: SoftVest Advisors, LLC, SoftVest GP I, LLC, SoftVest, LP, and Eric L. Oliver. All share a principal business address at 400 Pine Street, Suite 1010, Abilene, TX.
Does the Schedule 13G/A indicate SoftVest intends to influence control of CRT?
No. 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 control of the trust, language included verbatim in the filing.
What CUSIP and class of security does this filing cover for CRT?
The filing covers the trust's Units of Beneficial Interest with CUSIP 22757R109. The title of the class is stated explicitly in the Schedule 13G/A amendment.
What date anchors the outstanding-unit figure used in the filing?
The 6,000,000 Units of Beneficial Interest outstanding figure is cited from the trust's Form 10-Q filed May 14, 2026, which the Schedule 13G/A uses to compute the 14.26% ownership percentage.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
CROSS TIMBERS ROYALTY TRUST
(Name of Issuer)
Units of Beneficial Interest
(Title of Class of Securities)
22757R109
(CUSIP Number)
03/31/2026
(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
855,874.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
855,874.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
855,874.00
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)
14.26 %
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
855,874.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
855,874.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
855,874.00
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)
14.26 %
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
855,874.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
855,874.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
855,874.00
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)
14.26 %
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
855,874.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
855,874.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
855,874.00
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)
14.26 %
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, Texas 75219-4518
Item 2.
(a)
Name of person filing:
This Amendment No. 1 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 855,874 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:
06/02/2026
SoftVest GP I, LLC
Signature:
/s/ Eric L. Oliver
Name/Title:
Eric L. Oliver / President and Managing Member
Date:
06/02/2026
SoftVest, LP
Signature:
/s/ Eric L. Oliver / SOFTVEST GP I, LLC, the General Partner
Name/Title:
Eric L. Oliver / President and Managing Member
Date:
06/02/2026
Eric L. Oliver
Signature:
/s/ Eric L. Oliver
Name/Title:
Eric L. Oliver
Date:
06/02/2026
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).
