BLACK STONE MINERALS L P
COM UNIT
CUSIP: 09225M101
Institutional Holders193
Total Institutional Value$518,756,249
Total Shares Held40,788,433
Avg Position$2,687,856
Top 5 Holders %48.2%
Alpha-Weighted Score69.4
New Positions+14
Exited Positions-20
Top 15 Institutional Holders by Value
■ New ■ Increased ■ Decreased ■ Unchanged
Institutional Holders — Q4 25
| Manager | Alpha | Flow | Value | Shares | Change |
|---|---|---|---|---|---|
| MORGAN STANLEY | Moderate Conviction | Market Mover | $94,460,982 (18.2%) | 7,107,673 | 58.9% |
| WILLIAM MARSH RICE UNIVERSITY | Elite Conviction | Minimal Flow | $75,267,596 (14.5%) | 5,663,476 | - |
| BANK OF AMERICA CORP /DE/ | Moderate Conviction | Market Mover | $28,911,557 (5.6%) | 2,175,437 | -57.7% |
| PENN DAVIS MCFARLAND INC | High Conviction | Low Flow | $26,147,636 (5.0%) | 1,967,467 | 3.7% |
| INVESTMENT MANAGEMENT ASSOCIATES INC /ADV | High Conviction | Minimal Flow | $25,283,181 (4.9%) | 1,902,421 | - |
| FMR LLC | High Conviction | Market Mover | $25,000,111 (4.8%) | 1,881,122 | NEW |
| NATIXIS | High Conviction | Significant Flow | $20,996,871 (4.0%) | 1,579,900 | 9.7% |
| BROWN ADVISORY INC | High Conviction | Significant Flow | $11,668,660 (2.2%) | 878,003 | - |
| MUDITA ADVISORS LLP | Elite Conviction | Minimal Flow | $10,112,055 (1.9%) | 760,877 | - |
| CITIGROUP INC | Moderate Conviction | Market Mover | $10,027,903 (1.9%) | 754,545 | 119.8% |
| ING GROEP NV | High Conviction | Significant Flow | $9,683,094 (1.9%) | 728,600 | 44.6% |
| UBS Group AG | Moderate Conviction | Market Mover | $8,148,165 (1.6%) | 613,105 | 10.6% |
| HIGHTOWER ADVISORS, LLC | High Conviction | Significant Flow | $8,041,343 (1.6%) | 605,067 | - |
| CRESSET ASSET MANAGEMENT, LLC | High Conviction | Significant Flow | $7,956,218 (1.5%) | 598,662 | -49.3% |
| EPACRIA CAPITAL PARTNERS, LLC | High Conviction | Minimal Flow | $7,717,716 (1.5%) | 580,716 | - |
| FAYEZ SAROFIM & CO | High Conviction | Significant Flow | $7,167,975 (1.4%) | 539,351 | - |
| KEMPNER CAPITAL MANAGEMENT LTD | High Conviction | Minimal Flow | $6,194,000 (1.2%) | 439,295 | -19.0% |
| REGIONS FINANCIAL CORP | High Conviction | Significant Flow | $5,189,732 (1.0%) | 390,499 | -49.4% |
| WELLS FARGO & COMPANY/MN | Moderate Conviction | Market Mover | $4,801,715 (0.9%) | 361,303 | 82.6% |
| LUMMIS ASSET MANAGEMENT, LP | High Conviction | Minimal Flow | $4,508,071 (0.9%) | 343,043 | - |
| CHILTON CAPITAL MANAGEMENT LLC | High Conviction | Moderate Flow | $4,485,003 (0.9%) | 337,472 | 163,169.1% |
| FORUM FINANCIAL MANAGEMENT, LP | High Conviction | Moderate Flow | $3,987,000 (0.8%) | 300,000 | NEW |
| NORTHERN TRUST CORP | High Conviction | Market Mover | $3,962,600 (0.8%) | 298,164 | - |
| CITADEL ADVISORS LLC | Moderate Conviction | Market Mover | $3,892,056 (0.8%) | 292,856 | -12.7% |
| FIRST TRUST ADVISORS LP | High Conviction | Market Mover | $3,776,752 (0.7%) | 284,180 | -30.9% |
| PEAK6 LLC | Moderate Conviction | Significant Flow | $3,702,594 (0.7%) | 278,600 | 2,182.9% |
| FIDUCIENT ADVISORS LLC | High Conviction | Low Flow | $3,223,468 (0.6%) | 242,548 | -48.6% |
| CORIENT PRIVATE WEALTH LLC | High Conviction | Market Mover | $2,755,908 (0.5%) | 207,367 | -19.3% |
| GRANITESHARES ADVISORS LLC | High Conviction | Minimal Flow | $2,654,996 (0.5%) | 199,774 | -4.0% |
| EVERGREEN CAPITAL MANAGEMENT LLC | High Conviction | Moderate Flow | $2,651,023 (0.5%) | 199,475 | -7.8% |
| HILL INVESTMENT GROUP PARTNERS, LLC | Elite Conviction | Minimal Flow | $2,358,802 (0.5%) | 177,487 | - |
| LPL FINANCIAL LLC | High Conviction | Market Mover | $2,349,895 (0.5%) | 176,817 | 7.3% |
| RAYMOND JAMES FINANCIAL INC | Moderate Conviction | Market Mover | $2,205,270 (0.4%) | 165,935 | -3.1% |
| JUMP FINANCIAL, LLC | High Conviction | Significant Flow | $2,200,983 (0.4%) | 165,612 | 6.8% |
| CIBC PRIVATE WEALTH GROUP, LLC | High Conviction | Significant Flow | $2,181,421 (0.4%) | 164,140 | 11.8% |
| STIFEL FINANCIAL CORP | High Conviction | Market Mover | $2,147,493 (0.4%) | 161,587 | 7.5% |
| HORIZON KINETICS ASSET MANAGEMENT LLC | Elite Conviction | Moderate Flow | $2,009,953 (0.4%) | 151,238 | -3.6% |
| BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY | High Conviction | Minimal Flow | $1,964,953 (0.4%) | 147,852 | - |
| CULLEN/FROST BANKERS, INC. | High Conviction | Moderate Flow | $1,906,902 (0.4%) | 143,484 | 157.7% |
| MRAZ, AMERINE & ASSOCIATES, INC. | High Conviction | Minimal Flow | $1,776,222 (0.3%) | 133,651 | - |
| BAHL & GAYNOR INC | High Conviction | Moderate Flow | $1,747,635 (0.3%) | 131,500 | 116.3% |
| ALPHACORE CAPITAL LLC | High Conviction | Moderate Flow | $1,740,485 (0.3%) | 130,962 | 42.4% |
| AMERICANA PARTNERS, LLC | High Conviction | Low Flow | $1,680,215 (0.3%) | 126,427 | 216.0% |
| ROYAL BANK OF CANADA | High Conviction | Market Mover | $1,607,000 (0.3%) | 120,919 | -70.9% |
| MCDANIEL TERRY & CO | Elite Conviction | Low Flow | $1,594,627 (0.3%) | 119,987 | - |
| LMG WEALTH PARTNERS, LLC | High Conviction | Minimal Flow | $1,353,241 (0.3%) | 101,824 | -23.8% |
| RAHLFS CAPITAL, LLC (CIK 0002056410) | High Conviction | Minimal Flow | $1,329,824 (0.3%) | 100,062 | - |
| O'BRIEN GREENE & CO. INC | High Conviction | Minimal Flow | $1,329,000 (0.3%) | 100,000 | - |
| MERCER GLOBAL ADVISORS INC /ADV | High Conviction | Significant Flow | $1,243,480 (0.2%) | 93,565 | - |
| HOWARD FINANCIAL SERVICES, LTD. | High Conviction | Minimal Flow | $1,223,536 (0.2%) | 92,064 | - |
| SAVANT CAPITAL, LLC | High Conviction | Moderate Flow | $1,183,555 (0.2%) | 89,056 | - |
| JANE STREET GROUP, LLC | Moderate Conviction | Market Mover | $1,183,195 (0.2%) | 89,029 | 21.1% |
| JONES FINANCIAL COS LP | Elite Conviction | Market Mover | $1,146,661 (0.2%) | 86,280 | 6,600.1% |
| ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ | High Conviction | Moderate Flow | $1,096,864 (0.2%) | 82,533 | - |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Moderate Conviction | Market Mover | $1,076,490 (0.2%) | 81,000 | -57.6% |
| BEACON POINTE ADVISORS, LLC | High Conviction | Significant Flow | $1,060,436 (0.2%) | 79,792 | 6.5% |
| INDEPENDENT ADVISOR ALLIANCE | High Conviction | Moderate Flow | $997,901 (0.2%) | 75,087 | - |
| AVENIR CORP | Elite Conviction | Minimal Flow | $982,131 (0.2%) | 73,900 | - |
| Invesco Ltd. | Moderate Conviction | Market Mover | $974,184 (0.2%) | 73,302 | -20.8% |
| GRUSS & CO., LLC | High Conviction | Minimal Flow | $943,803 (0.2%) | 71,016 | - |
| ICON WEALTH ADVISORS, LLC | High Conviction | Low Flow | $927,688 (0.2%) | 69,803 | - |
| BRAMSHILL INVESTMENTS, LLC | Elite Conviction | Low Flow | $870,561 (0.2%) | 65,505 | - |
| FRANKLIN RESOURCES INC | High Conviction | Market Mover | $840,114 (0.2%) | 63,214 | -4.6% |
| Jefferies Financial Group Inc. | Moderate Conviction | Significant Flow | $829,296 (0.2%) | 62,400 | - |
| MOORS & CABOT, INC. | High Conviction | Low Flow | $819,993 (0.2%) | 61,700 | - |
| WELCH & FORBES LLC | High Conviction | Moderate Flow | $783,658 (0.2%) | 58,966 | - |
| CALDWELL SUTTER CAPITAL, INC. | High Conviction | Low Flow | $741,449 (0.1%) | 55,790 | - |
| VIDENT ADVISORY, LLC | Moderate Conviction | Significant Flow | $740,080 (0.1%) | 55,687 | -13.4% |
| SUMITOMO MITSUI TRUST HOLDINGS, INC. | High Conviction | Significant Flow | $664,500 (0.1%) | 50,000 | - |
| TWEEDY, BROWNE CO LLC | Elite Conviction | Low Flow | $662,227 (0.1%) | 49,829 | 18.0% |
| FAITHSHARES ADVISORS LLC | Moderate Conviction | Significant Flow | $662,227 (0.1%) | 49,829 | 18.0% |
| CLEAR HARBOR ASSET MANAGEMENT, LLC | High Conviction | Low Flow | $655,290 (0.1%) | 49,307 | -49.4% |
| RWA WEALTH PARTNERS, LLC | High Conviction | Moderate Flow | $616,792 (0.1%) | 46,410 | -5.9% |
| ADVISORY SERVICES NETWORK, LLC | High Conviction | Significant Flow | $574,487 (0.1%) | 43,227 | -9.6% |
| QUANTINNO CAPITAL MANAGEMENT LP | High Conviction | Significant Flow | $548,718 (0.1%) | 41,288 | -2.0% |
| FAMILY MANAGEMENT CORP | High Conviction | Low Flow | $528,503 (0.1%) | 39,767 | - |
| MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. | High Conviction | Significant Flow | $515,891 (0.1%) | 38,818 | 14.1% |
| SPIRIT OF AMERICA MANAGEMENT CORP/NY | High Conviction | Low Flow | $505,007 (0.1%) | 37,999 | -52.6% |
| ANCORA ADVISORS, LLC | High Conviction | Moderate Flow | $490,006 (0.1%) | 36,870 | -2.8% |
| ALPS ADVISORS INC | High Conviction | Moderate Flow | $487,809 (0.1%) | 36,705 | 2.0% |
| AXXCESS WEALTH MANAGEMENT, LLC | High Conviction | Moderate Flow | $483,092 (0.1%) | 36,350 | 95.3% |
| BCS WEALTH MANAGEMENT | High Conviction | Low Flow | $477,384 (0.1%) | 35,922 | 106.4% |
| FORT SHERIDAN ADVISORS LLC | High Conviction | Low Flow | $476,672 (0.1%) | 35,867 | - |
| ARISTIDES CAPITAL LLC | High Conviction | Low Flow | $472,008 (0.1%) | 35,516 | 4.4% |
| DOLIVER CAPITAL ADVISORS, LP | High Conviction | Minimal Flow | $465,469 (0.1%) | 35,024 | 3.7% |
| US BANCORP \DE\ | High Conviction | Significant Flow | $462,160 (0.1%) | 34,775 | 77.9% |
| JFS WEALTH ADVISORS, LLC | High Conviction | Low Flow | $435,208 (0.1%) | 32,747 | - |
| BARTLETT & CO. WEALTH MANAGEMENT LLC | High Conviction | Moderate Flow | $435,194 (0.1%) | 32,746 | - |
| CETERA INVESTMENT ADVISERS | High Conviction | Significant Flow | $406,191 (0.1%) | 30,564 | -7.1% |
| GRANDFIELD & DODD, LLC | High Conviction | Low Flow | $403,777 (0.1%) | 30,382 | - |
| STREETTALK ADVISORS, LLC | High Conviction | Low Flow | $398,700 (0.1%) | 30,000 | - |
| SIMPLEX TRADING, LLC | Moderate Conviction | Market Mover | $373,076 (0.1%) | 28,072 | 932,590.0% |
| HYPERION CAPITAL ADVISORS LP | Elite Conviction | Minimal Flow | $361,780 (0.1%) | 27,222 | NEW |
| WE ARE ONE SEVEN, LLC | High Conviction | Moderate Flow | $356,066 (0.1%) | 26,792 | NEW |
| TRUIST FINANCIAL CORP | High Conviction | Significant Flow | $354,524 (0.1%) | 26,676 | - |
| PEKIN SINGER STRAUSS ASSET MANAGEMENT /IL | High Conviction | Low Flow | $350,191 (0.1%) | 26,350 | 51.9% |
| MARINER, LLC | High Conviction | Market Mover | $349,377 (0.1%) | 26,289 | 88.8% |
| CERITY PARTNERS OCIO LLC | Elite Conviction | Low Flow | $320,448 (0.1%) | 24,112 | - |
| CAPROCK GROUP, LLC | High Conviction | Moderate Flow | $319,904 (0.1%) | 24,071 | NEW |
| OSAIC HOLDINGS, INC. | Moderate Conviction | Market Mover | $303,590 (0.1%) | 22,843 | -64.3% |
Implied Institutional Price History
Estimated from 13F aggregate market value ÷ shares reported across all institutional filers. Reflects quarter-end snapshot, not actual trade prices.
| Quarter | Filers | Institutional Value | Shares Held | Est. Avg Price |
|---|---|---|---|---|
| Q4 25 | 192 | $0.52B | 40,987,476 | $12.72 |
| Q3 25 | 197 | $0.50B | 38,937,387 | $12.96 |
| Q2 25 | 186 | $0.45B | 48,618,018 | $9.32 |
| Q1 25 | 177 | $0.53B | 35,612,870 | $14.76 |
| Q4 24 | 182 | $0.58B | 40,255,208 | $14.33 |
| Q3 24 | 179 | $0.60B | 40,548,497 | $14.79 |
| Q2 24 | 185 | $0.64B | 41,628,194 | $15.25 |
| Q1 24 | 184 | $0.63B | 40,162,267 | $15.66 |
Source: SEC 13F-HR filings. Implied price = aggregate market value ÷ shares reported. Not investment advice.