Black Stone Minerals, L.P.
BSM- Exchange
- NYSE
- Industry
- Crude Petroleum & Natural Gas
- SEC CIK
- 0001621434
In the last 90 days, Black Stone Minerals, L.P. insiders filed 0 open-market purchases and 1 sale; 200 institutions reported holding it in 13F filings for Q2 2026, worth $628.2M in total; no superinvestor holds it.
13F holders, Q4 2025
Institutional positions in Black Stone Minerals, L.P. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 193
- +1 vs. Q3 2025
- Shares held
- 40.6M
- +6.47M (+19.0%) vs. Q3 2025
- Total value
- $525.6M
- +$76.8M (+17.1%) vs. Q3 2025
- New holders
- 22
- 61 more added
- Sold out
- 21
- 47 more reduced
2 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting BSM on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 200 | $628.2M |
| Q1 2026 | 193 | $658.1M |
| Q4 2025 | 193 | $525.6M |
| Q3 2025 | 194 | $449.2M |
| Q2 2025 | 184 | $448.5M |
| Q1 2025 | 177 | $514.3M |
| Q4 2024 | 181 | $486.5M |
| Q3 2024 | 178 | $466.7M |
| Q2 2024 | 187 | $493.3M |
| Q1 2024 | 184 | $472.7M |
| Q4 2023 | 196 | $486.8M |
| Q3 2023 | 180 | $508.6M |
| Q2 2023 | 172 | $470.8M |
| Q1 2023 | 170 | $478.1M |
| Q4 2022 | 172 | $614.5M |
| Q3 2022 | 150 | $544.8M |
| Q2 2022 | 140 | $463.0M |
| Q1 2022 | 126 | $444.4M |
| Q4 2021 | 137 | $348.2M |
| Q3 2021 | 123 | $396.8M |
| Q2 2021 | 107 | $394.4M |
| Q1 2021 | 103 | $317.5M |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Black Stone Minerals, L.P.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Morgan Stanley | 7,107,673 | $94.5M | 0.01% | +2,582,823+57.1% | Added |
| William Marsh Rice University | 5,663,476 | $75.3M | 36.99% | 00.0% | Unchanged |
| Bank of America Corp | 2,175,437 | $28.9M | 0.00% | −424,745−16.3% | Reduced |
| Penn Davis McFarland Inc | 1,967,467 | $26.1M | 2.50% | +48,677+2.5% | Added |
| Investment Management Associates Inc | 1,902,421 | $25.3M | 7.07% | −32,318−1.7% | Reduced |
| FMR LLC | 1,881,122 | $25.0M | 0.00% | +1,881,122 | New |
| Natixis | 1,579,900 | $21.0M | 0.08% | +122,900+8.4% | Added |
| Brown Advisory Inc | 878,003 | $11.7M | 0.02% | −8,931−1.0% | Reduced |
| Mudita Advisors LLP | 760,877 | $10.1M | 2.19% | 00.0% | Unchanged |
| Citigroup Inc | 754,545 | $10.0M | 0.01% | +407,345+117.3% | Added |
| ING Groep NV | 728,600 | $9.68M | 0.06% | +218,900+42.9% | Added |
| Saber Capital Managment, LLC | 631,222 | $8.39M | 7.16% | +631,222 | New |
| UBS Group AG | 613,105 | $8.15M | 0.00% | +52,417+9.3% | Added |
| HighTower Advisors, LLC | 605,067 | $8.04M | 0.01% | −3,582−0.6% | Reduced |
| Cresset Asset Management, LLC | 598,662 | $7.96M | 0.03% | +1,809+0.3% | Added |
| Epacria Capital Partners, LLC | 580,716 | $7.72M | 6.11% | 00.0% | Unchanged |
| Fayez Sarofim & Co | 539,351 | $7.17M | 0.02% | 00.0% | Unchanged |
| Kempner Capital Management Inc. | 439,295 | $6.19M | 5.85% | −142,833−24.5% | Reduced |
| Cambridge Investment Research Advisors, Inc. | 406,433 | $5.40M | 0.01% | +3,879+1.0% | Added |
| Regions Financial Corp | 390,499 | $5.19M | 0.03% | 00.0% | Unchanged |
| Wells Fargo & Company | 361,303 | $4.80M | 0.00% | +161,198+80.6% | Added |
| Lummis Asset Management, LP | 343,043 | $4.51M | 2.77% | +2,280+0.7% | Added |
| Chilton Capital Management LLC | 337,472 | $4.49M | 0.15% | +337,263+161,369.9% | Added |
| Forum Financial Management, LP | 300,000 | $3.99M | 0.05% | +300,000 | New |
| Northern Trust Corp | 298,164 | $3.96M | 0.00% | 00.0% | Unchanged |
| First Trust Advisors LP | 284,180 | $3.78M | 0.00% | −131,649−31.7% | Reduced |
| Fiducient Advisors LLC | 242,548 | $3.22M | 0.40% | −234,641−49.2% | Reduced |
| Citadel Advisors LLC | 219,456 | $2.92M | 0.00% | +31,024+16.5% | Added |
| CI Private Wealth, LLC | 207,367 | $2.76M | 0.00% | +121,043+140.2% | Added |
| HRT Financial LP | 201,087 | $2.67M | 0.01% | +131,476+188.9% | Added |
| GraniteShares Advisors LLC | 199,774 | $2.65M | 1.61% | −10,673−5.1% | Reduced |
| Evergreen Capital Management LLC | 199,475 | $2.65M | 0.06% | −19,340−8.8% | Reduced |
| Hill Investment Group Partners, LLC | 177,487 | $2.36M | 0.28% | 00.0% | Unchanged |
| LPL Financial LLC | 176,817 | $2.35M | 0.00% | +10,167+6.1% | Added |
| Raymond James Financial Inc | 165,935 | $2.21M | 0.00% | −7,176−4.1% | Reduced |
| Jump Financial, LLC | 165,612 | $2.20M | 0.03% | +8,812+5.6% | Added |
| CIBC Private Wealth Group, LLC | 164,140 | $2.18M | 0.00% | +15,598+10.5% | Added |
| Stifel Financial Corp | 161,587 | $2.15M | 0.00% | +9,525+6.3% | Added |
| Horizon Kinetics Asset Management LLC | 151,238 | $2.01M | 0.03% | −7,400−4.7% | Reduced |
| Board of Trustees of The Leland Stanford Junior University | 147,852 | $1.96M | 0.40% | 00.0% | Unchanged |
| Cullen/Frost Bankers, Inc. | 143,484 | $1.91M | 0.02% | +87,172+154.8% | Added |
| Mraz, Amerine & Associates, Inc. | 133,651 | $1.78M | 0.26% | −1,043−0.8% | Reduced |
| Bahl & Gaynor Inc | 131,500 | $1.75M | 0.01% | +70,000+113.8% | Added |
| AlphaCore Capital LLC | 130,962 | $1.74M | 0.04% | +37,932+40.8% | Added |
| Americana Partners, LLC | 126,427 | $1.68M | 0.05% | +85,956+212.4% | Added |
| Royal Bank of Canada | 120,919 | $1.61M | 0.00% | −17,532−12.7% | Reduced |
| McDaniel Terry & Co | 119,987 | $1.59M | 0.14% | 00.0% | Unchanged |
| LMG Wealth Partners, LLC | 101,824 | $1.35M | 0.25% | −33,338−24.7% | Reduced |
| Rahlfs Capital, LLC | 100,062 | $1.33M | 1.03% | +145+0.1% | Added |
| O'Brien Greene & Co. Inc | 100,000 | $1.33M | 0.39% | 00.0% | Unchanged |
| Mercer Global Advisors Inc | 93,565 | $1.24M | 0.00% | −230.0% | Reduced |
| Howard Financial Services, Ltd. | 92,064 | $1.22M | 0.14% | −150.0% | Reduced |
| Savant Capital, LLC | 89,056 | $1.18M | 0.01% | −2,186−2.4% | Reduced |
| Jones Financial Companies LLLP | 86,280 | $1.15M | 0.00% | +85,000+6,640.6% | Added |
| Gem Investment Advisors, LLC | 84,632 | $1.12M | 1.07% | +84,632 | New |
| Zions Bancorporation, National Association | 82,533 | $1.10M | 0.05% | 00.0% | Unchanged |
| Beacon Pointe Advisors, LLC | 79,792 | $1.06M | 0.01% | +4,002+5.3% | Added |
| Chase Investment Counsel Corp | 75,577 | $1.00M | 0.28% | 00.0% | Unchanged |
| Independent Advisor Alliance | 75,087 | $997.9K | 0.02% | +43+0.1% | Added |
| Avenir Corp | 73,900 | $982.1K | 0.11% | 00.0% | Unchanged |
| Invesco Ltd. | 73,302 | $974.2K | 0.00% | −20,245−21.6% | Reduced |
| Rare Wolf Capital LLC | 72,830 | $967.9K | 0.60% | +72,830 | New |
| Gruss & Co., LLC | 71,016 | $943.8K | 2.08% | 00.0% | Unchanged |
| Icon Wealth Advisors, LLC | 69,803 | $927.7K | 0.06% | +282+0.4% | Added |
| Bramshill Investments, LLC | 65,505 | $870.6K | 0.05% | +453+0.7% | Added |
| Franklin Resources Inc | 63,214 | $840.1K | 0.00% | −3,804−5.7% | Reduced |
| Jefferies Financial Group Inc. | 62,400 | $829.3K | 0.01% | 00.0% | Unchanged |
| Moors & Cabot, Inc. | 61,700 | $820.0K | 0.04% | −1,000−1.6% | Reduced |
| Jane Street Group, LLC | 59,129 | $785.8K | 0.00% | +32,256+120.0% | Added |
| Welch & Forbes LLC | 58,966 | $783.7K | 0.01% | 00.0% | Unchanged |
| Caldwell Sutter Capital, Inc. | 55,790 | $741.4K | 0.31% | 00.0% | Unchanged |
| Vident Advisory, LLC | 55,687 | $740.1K | 0.01% | −9,365−14.4% | Reduced |
| Sumitomo Mitsui Trust Holdings, Inc. | 50,000 | $664.5K | 0.00% | 00.0% | Unchanged |
| Tweedy, Browne Co LLC | 49,829 | $662.2K | 0.05% | +7,128+16.7% | Added |
| Exchange Traded Concepts, LLC | 49,829 | $662.2K | 0.01% | +7,128+16.7% | Added |
| Clear Harbor Asset Management, LLC | 49,307 | $655.3K | 0.04% | 00.0% | Unchanged |
| Adviser Investments LLC | 46,410 | $616.8K | 0.01% | −3,487−7.0% | Reduced |
| Advocate Investing Services LLC | 43,763 | $581.6K | 0.52% | +43,763 | New |
| Advisory Services Network, LLC | 43,227 | $574.5K | 0.01% | −5,148−10.6% | Reduced |
| Quantinno Capital Management LP | 41,288 | $548.7K | 0.00% | −1,329−3.1% | Reduced |
| Family Management Corp | 39,767 | $528.5K | 0.07% | 00.0% | Unchanged |
| Mirae Asset Global ETFs Holdings Ltd. | 38,818 | $515.9K | 0.00% | +4,405+12.8% | Added |
| Spirit of America Management Corp | 37,999 | $505.0K | 0.11% | −43,000−53.1% | Reduced |
| Ancora Advisors, LLC | 36,870 | $490.0K | 0.01% | −1,490−3.9% | Reduced |
| Alps Advisors Inc | 36,705 | $487.8K | 0.00% | +315+0.9% | Added |
| BCS Wealth Management | 35,922 | $477.4K | 0.05% | +18,322+104.1% | Added |
| Fort Sheridan Advisors LLC | 35,867 | $476.7K | 0.06% | 00.0% | Unchanged |
| Aristides Capital LLC | 35,516 | $472.0K | 0.16% | +1,120+3.3% | Added |
| Doliver Advisors, LP | 35,024 | $465.5K | 0.12% | +850+2.5% | Added |
| US Bancorp | 34,775 | $462.2K | 0.00% | +15,000+75.9% | Added |
| JFS Wealth Advisors, LLC | 32,747 | $435.2K | 0.02% | 00.0% | Unchanged |
| Bartlett & Co. Wealth Management LLC | 32,746 | $435.2K | 0.01% | 00.0% | Unchanged |
| Cetera Investment Advisers | 30,564 | $406.2K | 0.00% | −2,724−8.2% | Reduced |
| Grandfield & Dodd, LLC | 30,382 | $403.8K | 0.02% | 00.0% | Unchanged |
| Avidian Wealth Solutions, LLC | 30,000 | $398.7K | 0.01% | 00.0% | Unchanged |
| Simplex Trading, LLC | 28,072 | $373.1K | 0.01% | +25,027+821.9% | Added |
| Hyperion Capital Advisors LP | 27,222 | $361.8K | 0.18% | +27,222 | New |
| We Are One Seven, LLC | 26,792 | $356.1K | 0.01% | +26,792 | New |
| Truist Financial Corp | 26,676 | $354.5K | 0.00% | 00.0% | Unchanged |
| Pekin Hardy Strauss, Inc. | 26,350 | $350.2K | 0.03% | +8,800+50.1% | Added |