Baker Ellis Asset Management’s Black Stone Minerals BSM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$166K	Hold	11,000	–	–	0.02%	249
2025 Q4	$146K	Hold	11,000	–	–	0.02%	257
2025 Q3	$145K	Hold	11,000	–	–	0.02%	243
2025 Q2	$144K	Sell	11,000 -1,000	-8%	-$13.8K	0.02%	211
2025 Q1	$183K	Hold	12,000	–	–	0.03%	213
2024 Q4	$175K	Hold	12,000	–	–	0.03%	209
2024 Q3	$181K	Hold	12,000	–	–	0.03%	219
2024 Q2	$188K	Hold	12,000	–	–	0.03%	204
2024 Q1	$192K	Sell	12,000 -1,000	-8%	-$15.8K	0.03%	207
2023 Q4	$207K	Sell	13,000 -1,000	-7%	-$17.2K	0.03%	201
2023 Q3	$241K	Hold	14,000	–	–	0.04%	181
2023 Q2	$223K	Hold	14,000	–	–	0.04%	186
2023 Q1	$220K	Sell	14,000 -4,000	-22%	-$62.6K	0.04%	181
2022 Q4	$304K	Hold	18,000	–	–	0.06%	159
2022 Q3	$282K	Sell	18,000 -1,000	-5%	-$15.2K	0.06%	156
2022 Q2	$260K	Sell	19,000 -3,000	-14%	-$45.5K	0.05%	168
2022 Q1	$296K	Hold	22,000	–	–	0.05%	168
2021 Q4	$227K	Hold	22,000	–	–	0.04%	192
2021 Q3	$270K	Buy	22,000 +2,000	+10%	+$21.2K	0.05%	171
2021 Q2	$215K	Sell	20,000 -3,000	-13%	-$30.3K	0.04%	188
2021 Q1	$201K	Buy	23,000 +3,000	+15%	+$26.6K	0.04%	180
2020 Q4	$134K	Buy	20,000 +5,000	+33%	+$33.8K	0.03%	176
2020 Q3	$92K	Buy	+15,000	New	+$100K	0.03%	160