Horizon Kinetics’s Black Stone Minerals BSM Stock Holding History

Horizon Kinetics’s Portfolio BSM Stock Details BSM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q4	$7.03M	Sell	453,978 -20,651	-4%	-$349K	0.23%	50
2018 Q3	$8.64M	Buy	474,629 +20,318	+4%	+$370K	0.21%	46
2018 Q2	$8.4M	Buy	454,311 +4,000	+0.9%	+$72K	0.22%	47
2018 Q1	$7.45M	Buy	450,311 +15,642	+4%	+$278K	0.22%	48
2017 Q4	$7.8M	Buy	434,669 +6,636	+2%	+$117K	0.23%	51
2017 Q3	$7.42M	Buy	428,033 +115,587	+37%	+$1.93M	0.22%	57
2017 Q2	$4.92M	Buy	312,446 +135,900	+77%	+$2.21M	0.16%	67
2017 Q1	$2.92M	Buy	+176,546	New	+$3.15M	0.09%	95

Other funds holding BSM

CI Investments Inc Toronto, Ontario, Canada $31.2B AUM 40.61% 1-Year Est. Return

WMRU

William Marsh Rice University Houston, Texas $219M AUM 16.08% 1-Year Est. Return

Zions Bancorporation Salt Lake City, Utah $1.59B AUM 19.92% 1-Year Est. Return

TCS

Texas Children's Houston, Texas $20.5M AUM 51.2% 1-Year Est. Return

EIG

EdgePoint Investment Group Toronto, Ontario, Canada $13.2B AUM 32.43% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

CIBC Private Wealth Group Atlanta, Georgia $59.2B AUM 20.62% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Northwestern University Evanston, Illinois $63.3M AUM 0.76% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Horizon Kinetics's BSM Position: Q4 2018 in Review

Horizon Kinetics reduced its Black Stone Minerals (BSM) stake by 4.4% in Q4 2018, selling an estimated $349K and leaving 453,978 shares worth $7.03M. The position accounts for 0.23% of the portfolio, ranked #50.

Horizon Kinetics first reported a position in BSM in Q1 2017 and has held it in 8 quarters since. The position peaked at $8.64M in Q3 2018. 86 funds tracked by Wall St. Rank hold BSM as of Q4 2018.

Horizon Kinetics held 453,978 shares of Black Stone Minerals worth $7.03M as of Q4 2018.
Horizon Kinetics sold 20,651 Black Stone Minerals shares in Q4 2018, an estimated $349K.
Black Stone Minerals made up 0.23% of Horizon Kinetics's portfolio in Q4 2018, its #50 holding.
Horizon Kinetics first reported a position in Black Stone Minerals in Q1 2017 and has held it in 8 quarters since.
Horizon Kinetics's Black Stone Minerals position peaked at $8.64M in Q3 2018.
86 funds tracked by Wall St. Rank held Black Stone Minerals as of Q4 2018.

Based on Horizon Kinetics's 13F filing for Q4 2018, filed 14 Feb 2019.