Creative Planning reports 0.65% increase in ownership of SBR / Sabine Royalty Trust

Sabine Royalty Trust

US ˙ NYSE ˙ US7856881021

Security	SBR / Sabine Royalty Trust
Institution	Creative Planning
Latest Disclosed Ownership	17,834 shares
Latest Disclosed Value	$ 1,337,712

On May 12, 2026 - Creative Planning filed a 13F-HR form disclosing ownership of 17,834 shares of Sabine Royalty Trust (US:SBR) valued at $1,343,614 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 17,719 shares of Sabine Royalty Trust. This represents a change in shares of 0.65% during the quarter. The current value of the position is $1,375,358 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	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-05-12	2026-03-31	13F	SABINE RTY TR	UNIT BEN INT	785688102	17,834	115	0.65	1,338	10.13	0.0009
2026-02-17	2025-12-31	13F	SABINE RTY TR	UNIT BEN INT	785688102	17,719	1,222	7.41	1,215	-7.33	0.0009
2025-11-14	2025-09-30	13F	SABINE RTY TR	UNIT BEN INT	785688102	16,497	-573	-3.36	1,311	15.52	0.0010
2025-08-08	2025-06-30	13F	SABINE RTY TR	UNIT BEN INT	785688102	17,070	-100	-0.58	1,135	-2.07	0.0010
2025-05-15	2025-03-31	13F	SABINE RTY TR	UNIT BEN INT	785688102	17,170	31	0.18	1,159	4.32	0.0011
2025-02-14	2024-12-31	13F	SABINE RTY TR	UNIT BEN INT	785688102	17,139	1,420	9.03	1,111	14.67	0.0011
2024-10-11	2024-09-30	13F	SABINE RTY TR	UNIT BEN INT	785688102	15,719	150	0.96	968	-3.59	0.0010
2024-08-15	2024-06-30	13F	SABINE RTY TR	UNIT BEN INT	785688102	15,569	-2	-0.01	1,004	2.03	0.0011
2024-05-13	2024-03-31	13F	SABINE RTY TR	UNIT BEN INT	785688102	15,571	-109	-0.70	984	-7.26	0.0011
2024-02-14	2023-12-31	13F	SABINE RTY TR	UNIT BEN INT	785688102	15,680	-129	-0.82	1,062	1.92	0.0020
2023-11-16	2023-09-30	13F	SABINE RTY TR	UNIT BEN INT	785688102	15,809	0	0.00	1,042	-0.10	0.0014
2023-07-21	2023-06-30	13F	SABINE RTY TR	UNIT BEN INT	785688102	15,809	100	0.64	1,042	-7.62	0.0014
2023-05-15	2023-03-31	13F	SABINE RTY TR	UNIT BEN INT	785688102	15,709	0	0.00	1,128	-15.95	0.0016
2023-02-10	2022-12-31	13F	SABINE RTY TR	UNIT BEN INT	785688102	15,709	0	0.00	1,342	20.14	0.0020
2022-11-03	2022-09-30	13F	SABINE RTY TR	UNIT BEN INT	785688102	15,709	40	0.26	1,117	17.09	0.0019
2022-08-15	2022-06-30	13F	SABINE RTY TR	UNIT BEN INT	785688102	15,669	0	0.00	954	5.41	0.0016
2022-05-16	2022-03-31	13F	SABINE RTY TR	UNIT BEN INT	785688102	15,669	332	2.16	905	41.63	0.0014
2022-02-11	2021-12-31	13F	SABINE RTY TR	UNIT BEN INT	785688102	15,337	-1,500	-8.91	639	-11.37	0.0010
2021-11-10	2021-09-30	13F	SABINE RTY TR	UNIT BEN INT	785688102	16,837	1,000	6.31	721	12.83	0.0013
2021-08-04	2021-06-30	13F	SABINE RTY TR	UNIT BEN INT	785688102	15,837	-1,445	-8.36	639	21.71	0.0011
2021-04-30	2021-03-31	13F	CreativePlanning	UNIT BEN INT	785688102	17,282	45	0.26	525	8.02	0.0011
2021-01-29	2020-12-31	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	17,237	0	0.00	486	-3.19	0.0011
2020-11-05	2020-09-30	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	17,237	0	0.00	502	5.02	0.0013
2020-07-23	2020-06-30	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	17,237	-200	-1.15	478	-0.83	0.0014
2020-05-05	2020-03-31	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	17,437	-2,000	-10.29	482	-38.44	0.0017
2020-01-30	2019-12-31	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	19,437	-200	-1.02	783	-8.10	0.0024
2019-11-01	2019-09-30	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	19,637	3,136	19.00	852	6.90	0.0028
2019-07-26	2019-06-30	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	16,501	1,001	6.46	797	10.54	0.0027
2019-04-24	2019-03-31	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	15,500	-1,100	-6.63	721	16.48	0.0026
2019-02-12	2018-12-31	13F/A-1	SABINE ROYALTY TR	UNIT BEN INT	785688102	16,600	-26,893	-61.83	619	-66.27	0.0025
2019-02-01	2018-12-31	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	16,600	-26,893		619
2018-10-25	2018-09-30	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	43,493	-50	-0.11	1,835	-10.53	0.0068
2018-07-20	2018-06-30	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	43,543	0	0.00	2,051	7.16	0.0081
2018-04-18	2018-03-31	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	43,543	300	0.69	1,914	-0.78	0.0078
2018-01-17	2017-12-31	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	43,243	-150	-0.35	1,929	8.98	0.0083
2017-10-17	2017-09-30	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	43,393	200	0.46	1,770	5.73	0.0082
2017-07-12	2017-06-30	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	43,193	0	0.00	1,674	8.84	0.0085
2017-04-07	2017-03-31	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	43,193	0	0.00	1,538	1.32	0.0084
2017-01-09	2016-12-31	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	43,193	0	0.00	1,518	-4.41	0.0092
2016-10-12	2016-09-30	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	43,193	0	0.00	1,588	10.05	0.0101
2016-07-12	2016-06-30	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	43,193	-375	-0.86	1,443	11.86	0.0104
2016-04-08	2016-03-31	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	43,568	405	0.94	1,290	13.86	0.0101
2016-01-11	2015-12-31	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	43,163	77	0.18	1,133	-13.97	0.0093
2015-10-09	2015-09-30	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	43,086	1,200	2.86	1,317	-16.70	0.0116
2015-07-09	2015-06-30	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	41,886	1,199	2.95	1,581	-1.25	0.0143
2015-04-13	2015-03-31	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	40,687	40,687	0.00	1,601		0.0150
2015-01-29	2014-12-31	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	0	-12,763	-100.00	0	-100.00
2014-10-10	2014-09-30	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	12,763	0	0.00	692	-10.48	0.0080
2014-08-20	2014-06-30	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	12,763	200	1.59	773	24.28	0.0100
2014-04-11	2014-03-31	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	12,563	0	0.00	622	-2.05	0.0094
2014-01-06	2013-12-31	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	12,563	0	0.00	635	-0.63	0.0108
2013-10-10	2013-09-30	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	12,563	0	0.00	639	-1.54	0.0127
2013-07-09	2013-06-30	13F	SABINE ROYALTY TR	UNIT BEN INT	785688102	12,563	12,563		649		0.0151

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.