Black Stone Minerals, L.P.

BSM

Exchange: NYSE
Industry: Crude Petroleum & Natural Gas
SEC CIK: 0001621434

SEC filings (opens in a new tab)

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.

Q4 2025 vs. Q3 2025

How the institutions holding Black Stone Minerals, L.P. changed between Q3 2025 and Q4 2025.

All holders in Q4 2025 All holders in Q3 2025

13F holders of BSM: Q3 2025 compared with Q4 2025
Measure	Q3 2025	Of which not filed for Q4 2025	Q4 2025	Change
Holders	194	2	193	+1
Shares	34.2M	27.1K	40.6M	+6.47M (+19.0%)
Value	$449.2M	$356.1K	$525.6M	+$76.8M (+17.1%)

2 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so the changes leave them out.

New holders (22)

Institutions that held Black Stone Minerals, L.P. at the end of Q4 2025 but not at the end of Q3 2025.

Institutions new to BSM in Q4 2025
Institution	Shares	Value	% of portfolio
FMR LLC	1,881,122	$25.0M	0.00%
Saber Capital Managment, LLC	631,222	$8.39M	7.16%
Forum Financial Management, LP	300,000	$3.99M	0.05%
Gem Investment Advisors, LLC	84,632	$1.12M	1.07%
Rare Wolf Capital LLC	72,830	$967.9K	0.60%
Advocate Investing Services LLC	43,763	$581.6K	0.52%
Hyperion Capital Advisors LP	27,222	$361.8K	0.18%
We Are One Seven, LLC	26,792	$356.1K	0.01%
CAPROCK Group, Inc.	24,071	$319.9K	0.01%
Concurrent Investment Advisors, LLC	20,427	$271.5K	0.00%
IKE Capital, LLC	20,000	$265.8K	0.23%
Ausdal Financial Partners, Inc.	18,395	$244.5K	0.01%
Goldman Sachs Group Inc	16,294	$216.5K	0.00%
Novare Capital Management LLC	14,400	$191.4K	0.01%
EP Wealth Advisors, LLC	12,039	$160.0K	0.00%
Lido Advisors, LLC	10,083	$134.0K	0.00%
Kestra Advisory Services, LLC	6,439	$85.6K	0.00%
Garton & Associates Financial Advisors LLC	3,210	$42.7K	0.02%
Northwestern University	1,086,025	$15.7K	14.83%
Federation des caisses Desjardins du Quebec	800	$10.6K	0.00%
Russell Investments Group, Ltd.	250	$3.32K	0.00%
Triumph Capital Management	100	$1.33K	0.00%

Sold out (21)

Institutions that held Black Stone Minerals, L.P. at the end of Q3 2025 and filed for Q4 2025 without it.

Institutions that sold out of BSM in Q4 2025
Institution	Shares, Q3 2025	Value, Q3 2025
Concorde Financial Corp	656,670	$8.63M
Clarus Group, Inc.	333,996	$4.39M
Rangeley Capital, LLC	78,173	$1.03M
Susquehanna International Group, LLP	72,301	$950.0K
DRW Securities, LLC	55,010	$723.2K
FourWorld Capital Management LLC	49,714	$653.2K
CoreCommodity Management, LLC	41,962	$551.4K
MML Investors Services, LLC	27,233	$357.8K
Lee Financial Co	22,350	$293.7K
Belpointe Asset Management LLC	17,190	$225.9K
Virtus Investment Advisers, Inc.	13,364	$175.6K
Savvy Advisors, Inc.	13,117	$172.4K
Wealth Enhancement Advisory Services, LLC	10,281	$138.9K
Tower Research Capital LLC (TRC)	4,893	$64.3K
North Capital, Inc.	3,001	$39.4K
IFP Advisors, Inc	1,078	$14.2K
City Holding Co	1,000	$13.1K
Wealthspire Advisors, LLC	700	$9.20K
Mather Group, LLC.	90	$1.18K
BFSG, LLC	71	$933
SWAN Capital LLC	50	$657

Not filed for Q4 2025 yet (2)

Institutions that held Black Stone Minerals, L.P. at the end of Q3 2025 and haven't filed a 13F for Q4 2025. Not filing isn't selling, so they aren't counted as sold out.

Institutions holding BSM in Q3 2025 that haven't filed for Q4 2025
Institution	Shares, Q3 2025	Value, Q3 2025
MAS Advisors LLC	27,089	$355.9K
Creekmur Asset Management LLC	12	$157