HORIZON KINETICS ASSET MANAGEMENT LLC - 31 Dec 2025 SCHEDULE 13G/A Report for SAN JUAN BASIN ROYALTY TRUST Units of Beneficial Interest (SJT)

Filing Manager: HORIZON KINETICS ASSET MANAGEMENT LLC
Reporting Manager: HORIZON KINETICS ASSET MANAGEMENT LLC
Security: SAN JUAN BASIN ROYALTY TRUST Units of Beneficial Interest
Symbol: SJT
Shares outstanding: 46,501,075 shares
Disclosed Ownership: 6,231,144 shares
Ownership: 13%
Form type: SCHEDULE 13G/A
Filing time: 28 Jan 2026, 12:43:18 UTC
Date of event: 31 Dec 2025
Previous filing: 05 Nov 2025
SEC: View on sec.gov

Reporting Managers (1)

Name	Ownership	Shares Owned	sole voting power	shared voting power	Signature	Title	CIK
HORIZON KINETICS ASSET MANAGEMENT LLC	13%	6,231,144	6,231,144	0	/s/Jay Kesslen	General Counsel