Lee Financial’s Black Stone Minerals BSM Stock Holding History

Lee Financial’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
2025 Q4	–	Sell	-22,350	Closed	-$294K	–	147
2025 Q3	$294K	Buy	+22,350	New	+$281K	0.04%	149
2025 Q1	–	Sell	-22,350	Closed	-$326K	–	150
2024 Q4	$326K	Hold	22,350	–	–	0.05%	139
2024 Q3	$337K	Buy	+22,350	New	+$335K	0.05%	138
2024 Q1	–	Sell	-7,050	Closed	-$113K	–	245
2023 Q4	$113K	Hold	7,050	–	–	0.02%	169
2023 Q3	$121K	Hold	7,050	–	–	0.02%	151
2023 Q2	$112K	Hold	7,050	–	–	0.02%	156
2023 Q1	$111K	Sell	7,050 -15,300	-68%	-$240K	0.02%	159
2022 Q4	$377K	Buy	22,350 +7,050	+46%	+$125K	0.06%	112
2022 Q3	$239K	Hold	15,300	–	–	0.04%	130
2022 Q2	$209K	Buy	15,300 +300	+2%	+$4.55K	0.04%	141
2022 Q1	$202K	Hold	15,000	–	–	0.04%	147
2021 Q4	$155K	Hold	15,000	–	–	0.03%	161
2021 Q3	$181K	Hold	15,000	–	–	0.04%	147
2021 Q2	$161K	Hold	15,000	–	–	0.03%	150
2021 Q1	$131K	Hold	15,000	–	–	0.03%	158
2020 Q4	$100K	Sell	15,000 -431,473	-97%	-$2.92M	0.03%	158
2020 Q3	$2.74M	Buy	446,473 +4,000	+0.9%	+$26.7K	0.77%	21
2020 Q2	$2.88M	Hold	442,473	–	–	0.8%	22
2020 Q1	$2.07M	Buy	442,473 +37,576	+9%	+$346K	0.69%	23
2019 Q4	$5.15M	Buy	404,897 +40,109	+11%	+$511K	1.11%	17
2019 Q3	$5.2M	Buy	+364,788	New	+$5.35M	1.17%	18
2019 Q2	–	Hold	0	–	–	–	18
2019 Q1	–	Hold	0	–	–	–	26
2018 Q4	–	Hold	0	–	–	–	27
2018 Q3	–	Hold	0	–	–	–	24
2018 Q2	–	Hold	0	–	–	–	26
2018 Q1	–	Hold	0	–	–	–	27
2017 Q4	–	Hold	0	–	–	–	23
2017 Q3	–	Hold	0	–	–	–	25
2017 Q2	–	Hold	0	–	–	–	25
2017 Q1	–	Hold	0	–	–	–	22
2016 Q4	–	Hold	0	–	–	–	10

Other funds holding BSM

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

WMRU

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

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

PDM

Penn Davis McFarland Dallas, Texas $1.12B AUM 32.35% 1-Year Est. Return

IMA

Investment Management Associates Greenwood Village, Colorado $487M AUM 11.51% 1-Year Est. Return

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

Natixis Paris, France $24.8B AUM 35.22% 1-Year Est. Return

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

Brown Advisory Baltimore, Maryland $64.6B AUM 18.98% 1-Year Est. Return

Mudita Advisors London, United Kingdom $481M AUM 73.74% 1-Year Est. Return

Lee Financial's BSM Position: Q4 2025 in Review

Lee Financial sold out of Black Stone Minerals (BSM) in Q4 2025, closing a stake of 22,350 shares — an estimated $294K sold.

Lee Financial first reported a position in BSM in Q3 2019 and held it in 21 quarters. The position peaked at $5.2M in Q3 2019. 193 funds tracked by Wall St. Rank hold BSM as of Q4 2025.

Lee Financial reported no remaining Black Stone Minerals position as of Q4 2025 after selling out during the quarter.
Lee Financial sold 22,350 Black Stone Minerals shares in Q4 2025, an estimated $294K.
Lee Financial first reported a position in Black Stone Minerals in Q3 2019 and held it in 21 quarters.
Lee Financial's Black Stone Minerals position peaked at $5.2M in Q3 2019.
193 funds tracked by Wall St. Rank held Black Stone Minerals as of Q4 2025.

Based on Lee Financial's 13F filing for Q4 2025, filed 22 Jan 2026.