Warren Street group holds 1.83M Units in Permianville Royalty Trust (PVL) — 5.5%

Rhea-AI Filing Summary

Permianville Royalty Trust: Warren Street Capital group reports passive 13G holdings. Warren Street Capital LP directly owns 1,830,000 Units, representing 5.5% of 33,000,000 Units outstanding as of March 23, 2026. Aaron Gelband is reported as having a beneficial ownership total of 1,913,706 Units (5.8%) through affiliated entities, a managed account and family holdings. The filing is a joint Schedule 13G describing ownership and voting/dispositive powers.

Key Figures

Units owned by Warren Street Capital LP: 1,830,000 Units Aaron Gelband beneficial ownership total: 1,913,706 Units Percent of class (Warren Street LP): 5.5% +1 more

4 metrics

Units owned by Warren Street Capital LP 1,830,000 Units direct ownership reported in Schedule 13G

Aaron Gelband beneficial ownership total 1,913,706 Units aggregate of direct, family and affiliated holdings

Percent of class (Warren Street LP) 5.5% of 33,000,000 Units outstanding as of March 23, 2026

Total Units outstanding 33,000,000 Units as disclosed in Permianville Annual Report on Form 10-K (March 23, 2026)

Key Terms

Schedule 13G, Beneficially own, Shared dispositive power, Units of Beneficial Interest

4 terms

Schedule 13G regulatory

"This statement is filed by Warren Street Capital Partners, LP, ..."

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficially own regulatory

"Warren Street Capital GP may be deemed to beneficially own the 1,830,000 Units"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

Shared dispositive power regulatory

"Shared Dispositive Power 1,830,000.00"

Units of Beneficial Interest market

"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.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Permianville Royalty Trust

(Name of Issuer)

Units of Beneficial Interest

(Title of Class of Securities)

71425H100

(CUSIP Number)

04/27/2026

(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): 71425H100

1

Names of Reporting Persons

Warren Street Capital Partners 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 1,830,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,830,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,830,000.00

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)

5.5 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 71425H100

1

Names of Reporting Persons

Warren Street Capital GP, 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 1,830,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,830,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,830,000.00

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)

5.5 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 71425H100

1

Names of Reporting Persons

Warren Street Capital Mgmt., 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 1,871,928.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,871,928.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,871,928.00

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)

5.7 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 71425H100

1

Names of Reporting Persons

Aaron Gelband

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 21,378.00
6	Shared Voting Power 1,892,328.00
7	Sole Dispositive Power 21,378.00
8	Shared Dispositive Power 1,892,328.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,913,706.00

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)

5.8 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Permianville Royalty Trust
(b)	Address of issuer's principal executive offices: 601 TRAVIS STREET, FLOOR 16, HOUSTON, TX, 77002
Item 2.
(a)	Name of person filing: This statement is filed by Warren Street Capital Partners, LP, a Delaware limited partnership ("Warren Street Capital LP"), Warren Street Capital GP, LLC, a Delaware limited liability company ("Warren Street Capital GP"), Warren Street Capital Mgmt., LLC, a Delaware limited liability company ("Warren Street Capital Management"), and Aaron Gelband. Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons." Warren Street Capital GP serves as the general partner of Warren Street Capital LP. Warren Street Capital Management serves as the investment manager of Warren Street Capital LP and a certain managed account (the "Warren Street Account"). Mr. Gelband serves as the Managing Member of each of Warren Street Capital GP and Warren Street Capital Management. By virtue of these relationships, Warren Street Capital GP, Warren Street Capital Management and Mr. Gelband may be deemed to beneficially own the Units of Beneficial Interest (the "Units") owned directly by Warren Street Capital LP, and Warren Street Capital Management and Mr. Gelband may also be deemed to beneficially own the Units held in the Warren Street Account. Mr. Gelband may also be deemed to beneficially own the Units held by his wife.
(b)	Address or principal business office or, if none, residence: The principal business address of each of the Reporting Persons is 2121 Avenue of the Stars, Los Angeles, California 90067.
(c)	Citizenship: Warren Street Capital LP, Warren Street Capital GP and Warren Street Capital Management are organized under the laws of the State of Delaware. Mr. Gelband is a citizen of the United States of America.
(d)	Title of class of securities: Units of Beneficial Interest
(e)	CUSIP Number(s): 71425H100
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: As of the date hereof, (i) Warren Street Capital LP directly owns 1,830,000 Units, (ii) 41,928 Units are held in the Warren Street Account, (iii) 20,400 Units are owned directly by Mr. Gelband's wife and (iv) Mr. Gelband directly owns 21,378 Units. By virtue of their relationships described in Item 2(a) above, (i) Warren Street Capital GP may be deemed to beneficially own the 1,830,000 Units owned directly by Warren Street Capital LP, (ii) Warren Street Capital Management may be deemed to beneficially own the 1,871,928 Units owned in the aggregate by Warren Street Capital LP and held in the Warren Street Account and (iii) Mr. Gelband may be deemed to beneficially own 1,913,706 Units, consisting of the Units he directly owns, those owned by his wife and the Units owned by Warren Street Capital LP and held in the Warren Street Account. 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. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.
(b)	Percent of class: The following percentages are based on 33,000,000 Units outstanding as of March 23, 2026, which is the total number of Units outstanding as disclosed in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 23, 2026. As of the date hereof, (i) Warren Street Capital LP beneficially owns approximately 5.5% of the outstanding Units, (ii) Warren Street Capital GP may be deemed to beneficially own approximately 5.5% of the outstanding Units, (iii) Warren Street Capital Management may be deemed to beneficially own approximately 5.7% of the outstanding Units and (iv) Mr. Gelband may be deemed to beneficially own approximately 5.8% of the outstanding Units.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Cover Pages Items 5-9.
	(ii) Shared power to vote or to direct the vote: See Cover Pages Items 5-9.
	(iii) Sole power to dispose or to direct the disposition of: See Cover Pages Items 5-9.
	(iv) Shared power to dispose or to direct the disposition of: See Cover Pages Items 5-9.
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.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. See Exhibit 99.1.
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 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.

Warren Street Capital Partners LP

Signature:	/s/ Aaron Gelband
Name/Title:	Aaron Gelband, Managing Member of Warren Street Capital GP, LLC, its General Partner
Date:	05/04/2026

Warren Street Capital GP, LLC

Signature:	/s/ Aaron Gelband
Name/Title:	Aaron Gelband, Managing Member
Date:	05/04/2026

Warren Street Capital Mgmt., LLC

Signature:	/s/ Aaron Gelband
Name/Title:	Aaron Gelband, Managing Member
Date:	05/04/2026

Aaron Gelband

Signature:	/s/ Aaron Gelband
Name/Title:	Aaron Gelband
Date:	05/04/2026

Exhibit Information

99.1 - Joint Filing Agreement

FAQ

What stake does Warren Street Capital hold in Permianville Royalty Trust (PVL)?

Warren Street Capital LP directly holds 1,830,000 Units, equal to 5.5% of the 33,000,000 Units outstanding reported as of March 23, 2026. The filing reports holdings through related entities and a managed account.

How many Units does Aaron Gelband beneficially own in PVL?

Aaron Gelband may be deemed to beneficially own 1,913,706 Units, representing 5.8% of outstanding Units as of March 23, 2026. This total includes his direct holdings, his wife's holdings, and units held by Warren Street entities and accounts.

What voting and dispositive powers are reported by the filers?

The Schedule 13G shows shared voting power and shared dispositive power over the units held by Warren Street entities: 1,830,000 units for Warren Street Capital LP and related totals for affiliated filers, as listed on the cover information.

What is the filing type and its significance for PVL shareholders?

This is a Schedule 13G joint filing, which reports passive beneficial ownership of securities. It discloses ownership percentages and powers but does not indicate an intent to change control or active acquisition strategies.

What outstanding share base did the filing use to compute percentages?

Percentages are based on 33,000,000 Units outstanding as disclosed in the issuer's Annual Report on Form 10-K filed March 23, 2026; the Schedule 13G cites that figure for its percent calculations.