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 |
|---|---|---|---|---|---|
| Cetera Investment Advisers | 30,564 | $406.2K | 0.00% | −2,724−8.2% | Reduced |
| Bartlett & Co. Wealth Management LLC | 32,746 | $435.2K | 0.01% | 00.0% | Unchanged |
| JFS Wealth Advisors, LLC | 32,747 | $435.2K | 0.02% | 00.0% | Unchanged |
| US Bancorp | 34,775 | $462.2K | 0.00% | +15,000+75.9% | Added |
| Doliver Advisors, LP | 35,024 | $465.5K | 0.12% | +850+2.5% | Added |
| Aristides Capital LLC | 35,516 | $472.0K | 0.16% | +1,120+3.3% | Added |
| Fort Sheridan Advisors LLC | 35,867 | $476.7K | 0.06% | 00.0% | Unchanged |
| BCS Wealth Management | 35,922 | $477.4K | 0.05% | +18,322+104.1% | Added |
| Alps Advisors Inc | 36,705 | $487.8K | 0.00% | +315+0.9% | Added |
| Ancora Advisors, LLC | 36,870 | $490.0K | 0.01% | −1,490−3.9% | Reduced |
| Spirit of America Management Corp | 37,999 | $505.0K | 0.11% | −43,000−53.1% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 38,818 | $515.9K | 0.00% | +4,405+12.8% | Added |
| Family Management Corp | 39,767 | $528.5K | 0.07% | 00.0% | Unchanged |
| Quantinno Capital Management LP | 41,288 | $548.7K | 0.00% | −1,329−3.1% | Reduced |
| Advisory Services Network, LLC | 43,227 | $574.5K | 0.01% | −5,148−10.6% | Reduced |
| Advocate Investing Services LLC | 43,763 | $581.6K | 0.52% | +43,763 | New |
| Adviser Investments LLC | 46,410 | $616.8K | 0.01% | −3,487−7.0% | Reduced |
| Clear Harbor Asset Management, LLC | 49,307 | $655.3K | 0.04% | 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 |
| Sumitomo Mitsui Trust Holdings, Inc. | 50,000 | $664.5K | 0.00% | 00.0% | Unchanged |
| Vident Advisory, LLC | 55,687 | $740.1K | 0.01% | −9,365−14.4% | Reduced |
| Caldwell Sutter Capital, Inc. | 55,790 | $741.4K | 0.31% | 00.0% | Unchanged |
| Welch & Forbes LLC | 58,966 | $783.7K | 0.01% | 00.0% | Unchanged |
| Jane Street Group, LLC | 59,129 | $785.8K | 0.00% | +32,256+120.0% | Added |
| Moors & Cabot, Inc. | 61,700 | $820.0K | 0.04% | −1,000−1.6% | Reduced |
| Jefferies Financial Group Inc. | 62,400 | $829.3K | 0.01% | 00.0% | Unchanged |
| Franklin Resources Inc | 63,214 | $840.1K | 0.00% | −3,804−5.7% | Reduced |
| Bramshill Investments, LLC | 65,505 | $870.6K | 0.05% | +453+0.7% | Added |
| Icon Wealth Advisors, LLC | 69,803 | $927.7K | 0.06% | +282+0.4% | Added |
| Gruss & Co., LLC | 71,016 | $943.8K | 2.08% | 00.0% | Unchanged |
| Rare Wolf Capital LLC | 72,830 | $967.9K | 0.60% | +72,830 | New |
| Invesco Ltd. | 73,302 | $974.2K | 0.00% | −20,245−21.6% | Reduced |
| Avenir Corp | 73,900 | $982.1K | 0.11% | 00.0% | Unchanged |
| Independent Advisor Alliance | 75,087 | $997.9K | 0.02% | +43+0.1% | Added |
| Chase Investment Counsel Corp | 75,577 | $1.00M | 0.28% | 00.0% | Unchanged |
| Beacon Pointe Advisors, LLC | 79,792 | $1.06M | 0.01% | +4,002+5.3% | Added |
| Zions Bancorporation, National Association | 82,533 | $1.10M | 0.05% | 00.0% | Unchanged |
| Gem Investment Advisors, LLC | 84,632 | $1.12M | 1.07% | +84,632 | New |
| Jones Financial Companies LLLP | 86,280 | $1.15M | 0.00% | +85,000+6,640.6% | Added |
| Savant Capital, LLC | 89,056 | $1.18M | 0.01% | −2,186−2.4% | Reduced |
| Howard Financial Services, Ltd. | 92,064 | $1.22M | 0.14% | −150.0% | Reduced |
| Mercer Global Advisors Inc | 93,565 | $1.24M | 0.00% | −230.0% | Reduced |
| O'Brien Greene & Co. Inc | 100,000 | $1.33M | 0.39% | 00.0% | Unchanged |
| Rahlfs Capital, LLC | 100,062 | $1.33M | 1.03% | +145+0.1% | Added |
| LMG Wealth Partners, LLC | 101,824 | $1.35M | 0.25% | −33,338−24.7% | Reduced |
| McDaniel Terry & Co | 119,987 | $1.59M | 0.14% | 00.0% | Unchanged |
| Royal Bank of Canada | 120,919 | $1.61M | 0.00% | −17,532−12.7% | Reduced |
| Americana Partners, LLC | 126,427 | $1.68M | 0.05% | +85,956+212.4% | Added |
| AlphaCore Capital LLC | 130,962 | $1.74M | 0.04% | +37,932+40.8% | Added |
| Bahl & Gaynor Inc | 131,500 | $1.75M | 0.01% | +70,000+113.8% | Added |
| Mraz, Amerine & Associates, Inc. | 133,651 | $1.78M | 0.26% | −1,043−0.8% | Reduced |
| Cullen/Frost Bankers, Inc. | 143,484 | $1.91M | 0.02% | +87,172+154.8% | Added |
| Board of Trustees of The Leland Stanford Junior University | 147,852 | $1.96M | 0.40% | 00.0% | Unchanged |
| Horizon Kinetics Asset Management LLC | 151,238 | $2.01M | 0.03% | −7,400−4.7% | Reduced |
| Stifel Financial Corp | 161,587 | $2.15M | 0.00% | +9,525+6.3% | Added |
| CIBC Private Wealth Group, LLC | 164,140 | $2.18M | 0.00% | +15,598+10.5% | Added |
| Jump Financial, LLC | 165,612 | $2.20M | 0.03% | +8,812+5.6% | Added |
| Raymond James Financial Inc | 165,935 | $2.21M | 0.00% | −7,176−4.1% | Reduced |
| LPL Financial LLC | 176,817 | $2.35M | 0.00% | +10,167+6.1% | Added |
| Hill Investment Group Partners, LLC | 177,487 | $2.36M | 0.28% | 00.0% | Unchanged |
| Evergreen Capital Management LLC | 199,475 | $2.65M | 0.06% | −19,340−8.8% | Reduced |
| GraniteShares Advisors LLC | 199,774 | $2.65M | 1.61% | −10,673−5.1% | Reduced |
| HRT Financial LP | 201,087 | $2.67M | 0.01% | +131,476+188.9% | Added |
| CI Private Wealth, LLC | 207,367 | $2.76M | 0.00% | +121,043+140.2% | Added |
| Citadel Advisors LLC | 219,456 | $2.92M | 0.00% | +31,024+16.5% | Added |
| Fiducient Advisors LLC | 242,548 | $3.22M | 0.40% | −234,641−49.2% | Reduced |
| First Trust Advisors LP | 284,180 | $3.78M | 0.00% | −131,649−31.7% | Reduced |
| Northern Trust Corp | 298,164 | $3.96M | 0.00% | 00.0% | Unchanged |
| Forum Financial Management, LP | 300,000 | $3.99M | 0.05% | +300,000 | New |
| Chilton Capital Management LLC | 337,472 | $4.49M | 0.15% | +337,263+161,369.9% | Added |
| Lummis Asset Management, LP | 343,043 | $4.51M | 2.77% | +2,280+0.7% | Added |
| Wells Fargo & Company | 361,303 | $4.80M | 0.00% | +161,198+80.6% | Added |
| Regions Financial Corp | 390,499 | $5.19M | 0.03% | 00.0% | Unchanged |
| Cambridge Investment Research Advisors, Inc. | 406,433 | $5.40M | 0.01% | +3,879+1.0% | Added |
| Kempner Capital Management Inc. | 439,295 | $6.19M | 5.85% | −142,833−24.5% | Reduced |
| Fayez Sarofim & Co | 539,351 | $7.17M | 0.02% | 00.0% | Unchanged |
| Epacria Capital Partners, LLC | 580,716 | $7.72M | 6.11% | 00.0% | Unchanged |
| Cresset Asset Management, LLC | 598,662 | $7.96M | 0.03% | +1,809+0.3% | Added |
| HighTower Advisors, LLC | 605,067 | $8.04M | 0.01% | −3,582−0.6% | Reduced |
| UBS Group AG | 613,105 | $8.15M | 0.00% | +52,417+9.3% | Added |
| Saber Capital Managment, LLC | 631,222 | $8.39M | 7.16% | +631,222 | New |
| ING Groep NV | 728,600 | $9.68M | 0.06% | +218,900+42.9% | Added |
| Citigroup Inc | 754,545 | $10.0M | 0.01% | +407,345+117.3% | Added |
| Mudita Advisors LLP | 760,877 | $10.1M | 2.19% | 00.0% | Unchanged |
| Brown Advisory Inc | 878,003 | $11.7M | 0.02% | −8,931−1.0% | Reduced |
| Natixis | 1,579,900 | $21.0M | 0.08% | +122,900+8.4% | Added |
| FMR LLC | 1,881,122 | $25.0M | 0.00% | +1,881,122 | New |
| Investment Management Associates Inc | 1,902,421 | $25.3M | 7.07% | −32,318−1.7% | Reduced |
| Penn Davis McFarland Inc | 1,967,467 | $26.1M | 2.50% | +48,677+2.5% | Added |
| Bank of America Corp | 2,175,437 | $28.9M | 0.00% | −424,745−16.3% | Reduced |
| William Marsh Rice University | 5,663,476 | $75.3M | 36.99% | 00.0% | Unchanged |
| Morgan Stanley | 7,107,673 | $94.5M | 0.01% | +2,582,823+57.1% | Added |
| Concorde Financial Corp | 0 | $0 | 0.00% | −656,670−100.0% | Sold out |
| Clarus Group, Inc. | 0 | $0 | 0.00% | −333,996−100.0% | Sold out |
| Rangeley Capital, LLC | 0 | $0 | 0.00% | −78,173−100.0% | Sold out |
| Susquehanna International Group, LLP | 0 | $0 | 0.00% | −72,301−100.0% | Sold out |
| DRW Securities, LLC | 0 | $0 | 0.00% | −55,010−100.0% | Sold out |
| FourWorld Capital Management LLC | 0 | $0 | 0.00% | −49,714−100.0% | Sold out |
| CoreCommodity Management, LLC | 0 | $0 | 0.00% | −41,962−100.0% | Sold out |