PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. SJT — SAN JUAN BASIN RTY TR

Ownership history in PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.  ·  4 quarters on record

AI Ownership Summary

PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. reported SAN JUAN BASIN RTY TR (SJT) in 4 quarterly 13F filings from 2025 Q3 through 2026 Q2. Peak portfolio weight reached 0.26% in 2026 Q1. The latest visible filing shows SJT at 0.10% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings.

What this SJT ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.'s position in SAN JUAN BASIN RTY TR, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2026 Q2

SJT was reported at 0.10% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
0.26% in 2026 Q1

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2025 Q3 to 2026 Q2

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

SJT stock page PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. fund profile PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. full holdings
How PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. held SJT — position size vs. price
% of Fund (quarterly)    SJT price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 4 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2026 Q2 REDUCED 31.7% +15.9% ❌ 641,414 -297,811 -31.7% 0.10% $2.1M 2026-08-14 $2.81
2026 Q1 ADDED — — — 939,225 +239,225 +34.2% 0.26% $4.5M 2026-05-15 $4.24
2025 Q4 ADDED — — — 700,000 +256,299 +57.8% 0.23% $3.9M 2026-02-17 $5.55
2025 Q3 INITIATED — — — 443,701 — — 0.16% $2.7M 2025-11-14 $6.44

🏢 Other funds also holding SJT

As of 2026 Q2 — sorted by position size

CANNELL CAPITAL LLC 3Y 7Y 2.61% Lesa Sroufe & Co 3Y 7Y 1.33% HORIZON KINETICS ASSET MANAGEMENT LLC 3Y 7Y 0.27% Pingora Partners LLC 0.25% Atlas Wealth Partners, LLC 3Y 0.14% Moors & Cabot, Inc. 3Y 7Y 0.11% Mraz, Amerine & Associates, Inc. 3Y 7Y 0.08% MCDANIEL TERRY & CO 3Y 7Y 0.08% Meixler Investment Management, Ltd. 3Y 0.08% Ashton Thomas Private Wealth, LLC 0.06%

FAQ About PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. and SJT

These are the practical questions this page is built to answer before you even open the full history table.

How long has PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. reported owning SJT?

PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. reported SJT across 4 quarterly 13F filings, from 2025 Q3 through 2026 Q2.

What was the largest reported SJT position in PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.'s portfolio?

The largest reported portfolio weight for SJT was 0.26% in 2026 Q1.

What is the latest reported SJT position on this page?

The most recent filing on this page is 2026 Q2, when PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. reported 641,414 shares, equal to 0.10% of portfolio, with an estimated market value of $2.1M.

What does the chart on this SJT ownership page compare?

The chart compares PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.'s quarterly SJT portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. time their SJT position?

Based on 13F filing dates vs. subsequent SJT price moves, PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. correctly timed 0 out of 3 reported position changes (0%). The annualised alpha on SJT relative to SPY over the holding period was -66.2%.

← Back to PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. Holdings