SCHEDULE: Warren Street Capital Discloses Stake in Permianville Royalty Trust

Warren Street Capital Partners LP, along with affiliated entities and Aaron Gelband, have jointly filed a Schedule 13G, disclosing beneficial ownership of approximately 5.8% of Permianville Royalty Trust's Units of Beneficial Interest.

Summary

• This filing is a Schedule 13G, indicating that Warren Street Capital Partners LP, Warren Street Capital GP, LLC, Warren Street Capital Mgmt., LLC, and Aaron Gelband (collectively, the "Reporting Persons") are reporting their beneficial ownership of Permianville Royalty Trust's Units of Beneficial Interest.
• The Reporting Persons collectively beneficially own 1,913,706 Units, representing approximately 5.8% of the total outstanding Units.
• This ownership level is based on 33,000,000 Units outstanding as of March 23, 2026.
• The filing clarifies the specific ownership breakdown: Warren Street Capital LP directly owns 1,830,000 Units, 41,928 Units are in the Warren Street Account, 20,400 Units are owned by Mr. Gelband's wife, and Mr. Gelband directly owns 21,378 Units.
• The filing also details the deemed beneficial ownership due to relationships: Warren Street Capital GP may be deemed to own 1,830,000 Units (owned by Warren Street Capital LP), Warren Street Capital Management may be deemed to own 1,871,928 Units (owned by Warren Street Capital LP and in the Warren Street Account), and Mr. Gelband may be deemed to own 1,913,706 Units.
• Each Reporting Person disclaims beneficial ownership of securities they do not directly own.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing; it's a standard disclosure of beneficial ownership without providing performance metrics or strategic commentary that would strongly influence sentiment.

Positives

• Disclosure of a significant beneficial ownership stake (5.8%) by Warren Street Capital Partners LP and its affiliates in Permianville Royalty Trust.
• Clear breakdown of ownership and deemed beneficial ownership, providing transparency to the market.

Negatives

• The filing does not contain financial performance data or operational updates for Permianville Royalty Trust, limiting the ability to assess the underlying value of the investment.
• Each Reporting Person specifically disclaims beneficial ownership of securities they do not directly own, which could indicate a nuanced or indirect investment strategy.

Risks

• The filing does not explicitly mention any risks associated with the investment or the issuer.
• Potential for increased volatility in Permianville Royalty Trust's Units of Beneficial Interest due to the reporting of a significant stake by an investment entity.

Future Outlook

The filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance.

Management Comments

• Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.
• The filing of this Schedule 13G shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that he or it does not directly own.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors accumulating significant stakes in publicly traded companies. This filing indicates Warren Street Capital Partners LP's strategic interest in Permianville Royalty Trust, a royalty trust, which are often held for income generation and potential long-term appreciation.

Stakeholder Impact

• Shareholders of Permianville Royalty Trust: The disclosure of a significant stake by an institutional investor may signal increased institutional interest and potentially influence trading activity.
• Potential Investors: This filing provides information about a key holder, which may be considered in investment decisions.

Next Steps

• Monitor future filings from Warren Street Capital Partners LP and its affiliates for any changes in beneficial ownership.
• Review subsequent filings from Permianville Royalty Trust for financial performance and operational updates.

Key Dates

Keywords

Permianville Royalty Trust, Schedule 13G, Warren Street Capital Partners LP, Beneficial Ownership, Units of Beneficial Interest, SEC Filing, Investment Disclosure, Aaron Gelband