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Black Stone Minerals
BSM

63 hedge funds and large institutions have $400M invested in Black Stone Minerals in 2017 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 13 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

777% more call options, than puts

Call options by funds: $1.98M | Put options by funds: $226K

23% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 13

17% more capital invested

Capital invested by funds: $341M → $400M (+$59.2M)

0.57% more ownership

Funds ownership: 22.01% → 22.58% (+0.57%)

0% more funds holding in top 10

Funds holding in top 10: 8 → 8 (0)

5% less funds holding

Funds holding: 66 → 63 (-3)

30% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 10

Holders
63
Holders Change
-3
Holders Change %
-4.55%
% of All Funds
1.57%
Holding in Top 10
8
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.2%
New
7
Increased
16
Reduced
13
Closed
10
Calls
$1.98M
Puts
$226K
Net Calls
+$1.76M
Net Calls Change
-$1.35M

Top Buyers

Rank Fund Capital Flow
1
CGI
CI Global Investments
California
+$27.3M
2
EIG
EdgePoint Investment Group
Ontario, Canada
+$10.5M
3
Rafferty Asset Management
Rafferty Asset Management
New York
+$2.86M
4
GC
Guggenheim Capital
Illinois
+$2.56M
5
Goldman Sachs
Goldman Sachs
New York
+$2.19M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$10.2M
2
Barclays
Barclays
United Kingdom
-$6.19M
3
HT
HighTower Trust
Texas
-$3.63M
4
LCM
Lucas Capital Management
New Jersey
-$2.4M
5
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
-$1.67M
Name Holding Trade Value Shares
Change 		Change in
Stake
LF
26
Lee Financial
Texas
$2.36M – – –
Cambridge Investment Research Advisors
27
Cambridge Investment Research Advisors
Iowa
$2.27M – – –
JP Morgan Chase
28
JP Morgan Chase
New York
$2.04M -$370K -22,200 -16%
FCH
29
Freestone Capital Holdings
Washington
$1.91M – – –
CFB
30
Cullen/Frost Bankers
Texas
$1.82M – – –
Bank of Montreal
31
Bank of Montreal
Ontario, Canada
$1.48M – – –
KCM
32
Kempner Capital Management
Texas
$1.27M – – –
MTC
33
McDaniel Terry & Co
Texas
$1.23M – – –
RJA
34
Raymond James & Associates
Florida
$1.21M +$6.44K +386 +0.6%
BOTOTLSJU
35
Board of Trustees of The Leland Stanford Junior University
California
$1.11M – – –
Sumitomo Mitsui Trust Group
36
Sumitomo Mitsui Trust Group
Japan
$1.06M – – –
UBS Group
37
UBS Group
Switzerland
$991K +$82.3K +4,936 +9%
Stifel Financial
38
Stifel Financial
Missouri
$974K +$9.18K +550 +1%
CC
39
Cannell Capital
Wyoming
$908K – – –
TAM
40
Tocqueville Asset Management
New York
$882K -$500K -30,000 -37%
EOCM
41
Energy Opportunities Capital Management
Texas
$782K -$222K -13,288 -23%
Royal Bank of Canada
42
Royal Bank of Canada
Ontario, Canada
$698K -$259K -15,500 -28%
SCM
43
Sterling Capital Management
North Carolina
$603K +$69.9K +4,191 +14%
Barclays
44
Barclays
United Kingdom
$584K -$6.19M -370,750 -92%
MFW
45
Meristem Family Wealth
Minnesota
$566K – – –
FSA
46
Franklin Street Advisors
North Carolina
$486K – – –
AA
47
ALPS Advisors
Colorado
$478K +$460K +27,545 New
PWP
48
Private Wealth Partners
California
$433K – – –
AllianceBernstein
49
AllianceBernstein
Tennessee
$326K +$5.82K +349 +2%
SG Americas Securities
50
SG Americas Securities
New York
$296K -$611K -36,653 -68%
1
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BSM Hedge Fund Activity: Q3 2017 in Review

63 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Black Stone Minerals (BSM) for Q3 2017, worth a combined $400M — up 17% from $341M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of BSM and 7 opened new positions — a net loss of 3 holders — while 13 trimmed existing stakes and 16 added.

The largest buyer was CI Global Investments, opening a new position worth an estimated $27.3M. The largest seller was Morgan Stanley, cutting an estimated $10.2M.

  • 63 institutional investors held Black Stone Minerals (BSM) as of Q3 2017, down from 66 in Q2 2017.
  • Funds reported $400M of Black Stone Minerals stock for Q3 2017, up 17% quarter-over-quarter.
  • 7 funds opened new Black Stone Minerals positions in Q3 2017 and 10 closed out, a net change of -3 holders.
  • The largest Black Stone Minerals buyer in Q3 2017 was CI Global Investments, an estimated $27.3M added.
  • The largest Black Stone Minerals seller in Q3 2017 was Morgan Stanley, an estimated $10.2M sold.

Based on aggregated 13F filings for Q3 2017.