Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in BSM held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | MORGAN STANLEY | 8.3M | $125.1M | +16.4% | 3.896% | 0.01% |
| 2 | William Marsh Rice University | 5.7M | $85.6M | 0.0% | 2.667% | 38.81% |
| 3 | FMR LLC | 4.5M | $68.6M | +141.2% | 2.137% | 0.00% |
| 4 | BANK OF AMERICA CORP /DE/ | 2.1M | $31.9M | -3.1% | 0.992% | 0.00% |
| 5 | PENN DAVIS MCFARLAND INC | 2.0M | $29.6M | -0.4% | 0.923% | 2.90% |
| 6 | INVESTMENT MANAGEMENT ASSOCIATES INC /ADV | 1.9M | $28.7M | -0.1% | 0.895% | 7.79% |
| 7 | NATIXIS | 1.6M | $23.9M | 0.0% | 0.744% | 0.09% |
| 8 | AMERIPRISE FINANCIAL INC | 1.2M | $17.9M | — | 0.556% | 0.00% |
| 9 | BROWN ADVISORY INC | 878K | $13.3M | 0.0% | 0.413% | 0.02% |
| 10 | Long Corridor Asset Management Ltd | 772K | $11.7M | — | 0.364% | 2.84% |
| 11 | Mudita Advisors LLP | 761K | $11.5M | 0.0% | 0.358% | 2.35% |
| 12 | ING GROEP NV | 729K | $11.0M | 0.0% | 0.343% | 0.07% |
| 13 | FAYEZ SAROFIM & CO | 633K | $9.6M | +17.4% | 0.298% | 0.02% |
| 14 | HighTower Advisors, LLC | 617K | $9.3M | +1.9% | 0.290% | 0.01% |
| 15 | Cresset Asset Management, LLC | 602K | $9.1M | +0.6% | 0.284% | 0.04% |
| 16 | EPACRIA CAPITAL PARTNERS, LLC | 581K | $8.8M | 0.0% | 0.274% | 6.80% |
| 17 | Saber Capital Managment, LLC | 572K | $8.7M | -9.3% | 0.270% | 6.69% |
| 18 | CITIGROUP INC | 547K | $8.3M | -27.6% | 0.257% | 0.00% |
| 19 | WELLS FARGO & COMPANY/MN | 414K | $6.3M | +14.5% | 0.195% | 0.00% |
| 20 | CHILTON CAPITAL MANAGEMENT LLC | 337K | $5.1M | 0.0% | 0.159% | 0.18% |
| 21 | Lummis Asset Management, LP | 344K | $4.9M | +0.2% | 0.162% | 2.94% |
| 22 | Forum Financial Management, LP | 300K | $4.5M | 0.0% | 0.141% | 0.06% |
| 23 | NORTHERN TRUST CORP | 298K | $4.5M | 0.0% | 0.140% | 0.00% |
| 24 | FIRST TRUST ADVISORS LP | 249K | $3.8M | -12.3% | 0.117% | 0.00% |
| 25 | REGIONS FINANCIAL CORP | 201K | $3.0M | -48.4% | 0.095% | 0.02% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in BSM — a direct measure of their conviction.
Filings activity in BSM during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 185 | 0.5% | 21.70% | +4.51 pp | $644M | +26% |
| Q4 2025 | 186 | 1.6% | 17.19% | +2.27 pp | $510M | +15% |
| Q3 2025 | 189 | +3.8% | 14.92% | +0.09 pp | $442M | +0.6% |
| Q2 2025 | 182 | +6.4% | 14.83% | 1.84 pp | $440M | 11% |
| Q1 2025 | 171 | 2.3% | 16.67% | +0.72 pp | $495M | +4.5% |
| Q4 2024 | 175 | +0.6% | 15.95% | +0.74 pp | $473M | +4.9% |
| Q3 2024 | 174 | 3.3% | 15.21% | 6.09 pp | $451M | 29% |
| Q2 2024 | 180 | — | 21.30% | — | $632M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Latest Form 4 transactions by company officers and directors. Insider buys are widely viewed as the highest-conviction signal because executives are risking personal capital.
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| May 28, 2026 | DeWalch D Mark | Buy | 38K | $13.21 | $497K |
| May 8, 2026 | Carter Thomas L Jr | Buy | 24K | $13.32 | $314K |
Quick answers to the most common questions about buying BSM stock.
Based on Q1 2026 13F filings, institutional ownership of Black Stone Minerals, L.P. stands at 21.7%, held across 185 reporting institutions.
MORGAN STANLEY is the largest reported institutional holder of BSM, with approximately 8,271,758 shares worth $0.13B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of BSM.
Our composite Smart Money Score for BSM is 43 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
19 institutions opened new positions in BSM during Q1 2026, while 20 fully exited. 152 added to existing positions and 14 trimmed.
BSM institutional ownership rose by 4.51 percentage points quarter-over-quarter, with a net change of -1 holders.
The top 10 institutions account for 67.8% of all reported 13F value in BSM, and the top 25 account for 84.6%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Black Stone Minerals, L.P. (BSM) Institutional Ownership