Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Black Stone Minerals L P (BSM)

199 + Investors. Track Smart Money conviction in BSM. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
1Q ▲
Buyers last Q
56%

Smart Money Signals — BSM

Based on 195 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added BSM than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (99% of max)

99% of all-time peak
195 hedge funds hold BSM right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +11% more funds vs a year ago

fund count last 6Q
+19 new funds entered over the past year (+11% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 56% buying

77 buying60 selling
Last quarter: 77 funds bought or added vs 60 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~20 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 23 → 26 → 20 → 20. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 21% medium ■ 15% new
124 out of 195 hedge funds have held BSM for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

21 → 23 → 26 → 20 → 20 new funds/Q
New funds entering each quarter: 23 → 26 → 20 → 20. BSM is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 68% veterans vs 20% newcomers

■ 68% veterans ■ 13% 1-2yr ■ 20% new
Entry-cohort mix of 199 holders: 135 (68%) are 2+ year veterans, 25 entered 1–2 years ago, and 39 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 43% AUM from top-100 funds

43% from top-100 AUM funds
22 of 192 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in BSM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BSM

In 2026 Q1, 77 hedge funds were net buyers of BSM (20 opened a new position, 57 added to an existing one), while 60 reduced or exited (44 trimmed, 16 sold completely) — a 56% buyer ratio, indicating a slight buying edge. 43% of total institutional value in BSM is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 195.

Hedge Fund Ownership: BSM

How many hedge funds hold BSM — quarterly history vs. share price
Quarterly hedge fund ownership of BSM vs. share price

Market Analysis: BSM

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BSM

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

9 top-rated funds 5 high-conviction
Consensus
4.3
/ 10
breadth
×
Elite
3.1
/ 10
conviction
Hedge Fund Positioning: BSM
199 + Investors

Track Smart Money conviction in BSM. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 199 195 2.05%
13F Shares 46M 45M 2.58%
Total Value $629M $668M -5.81%
New Positions 22 20 +2
Increased Positions 60 55 +5
Closed Positions 16 16 -
Reduced Positions 48 43 +5
Total Calls 5 4 25.0%
Total Puts 4 3 33.33%
PUT/CALL Ratio 0.8 0.75 Neutral

Statistics: BSM

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Institutional Holders (2026 Q2)

199 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BSM. Verified SEC 13F-HR filings.

QUARTER:
Top 25 BSM holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 William Marsh Rice University 36.09% 5,663,476 $79.1M
2 Epacria Capital Partners, LLC 6.26% 580,716 $8.1M
3 Saber Capital Managment, LLC 5.86% 616,921 $8.6M
4 Investment Management Associates Inc /Adv 5.30% 1,848,184 $25.8M
5 Long Corridor Asset Management Ltd 3.71% 880,000 $12.3M
6 Lummis Asset Management, LP 3.04% 343,843 $5.1M
7 Penn Davis Mcfarland Inc 2.44% 1,958,137 $27.4M
8 Gruss & Co., LLC 2.35% 68,516 $957K
9 Mudita Advisors LLP 2.21% 760,877 $10.6M
10 GraniteShares Advisors LLC 1.85% 206,254 $2.9M
11 Rare Wolf Capital LLC 1.05% 116,893 $1.6M
12 Rahlfs Capital, LLC 1.03% 100,062 $1.4M
13 Gem Investment Advisors, LLC 0.72% 84,632 $1.2M
14 Board of Trustees of The Leland Stanford Junior University 0.39% 147,852 $2.1M
15 Eagle Harbor Asset Management Inc /Adv 0.30% 21,926 $226K
16 Caldwell Sutter Capital, INC. 0.29% 55,490 $775K
17 Fiducient Advisors LLC 0.28% 142,237 $2.0M
18 O'Brien Greene & Co. Inc 0.27% 70,000 $978K
19 Mraz, Amerine & Associates, Inc. 0.26% 130,976 $1.8M
20 Hill Investment Group Partners, LLC 0.25% 177,487 $2.5M
21 LMG Wealth Partners, LLC 0.23% 101,824 $1.4M
22 Arrow Investment Advisors, LLC 0.21% 15,460 $216K
23 Indie Asset Partners, LLC 0.21% 15,500 $217K
24 Doliver Advisors, LP 0.19% 59,827 $836K
25 Hyperion Capital Advisors LP 0.17% 27,222 $380K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Black Stone Minerals L P (BSM)

What does the Smart Money Trend signal show for BSM?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added BSM than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BSM?

Slight buying edge — 56% buying: Last quarter: 77 funds bought or added vs 60 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BSM holders?

Elite ownership — 43% AUM from top-100 funds: 22 of 192 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in BSM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held BSM?

64% of holders stayed for 2+ years: 124 out of 195 hedge funds have held BSM for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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