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Black Stone Minerals
BSM

76 hedge funds and large institutions have $534M invested in Black Stone Minerals in 2018 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 23 increasing their positions, 19 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more funds holding in top 10

Funds holding in top 10: 6 → 8 (+2)

21% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 19

8% more capital invested

Capital invested by funds: $496M → $534M (+$37.6M)

2.12% more ownership

Funds ownership: 25.37% → 27.49% (+2.1%)

8% more call options, than puts

Call options by funds: $1.14M | Put options by funds: $1.05M

5% less funds holding

Funds holding: 80 → 76 (-4)

44% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 9

Holders
76
Holders Change
-4
Holders Change %
-5%
% of All Funds
1.74%
Holding in Top 10
8
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+33.33%
% of All Funds
0.18%
New
5
Increased
23
Reduced
19
Closed
9
Calls
$1.14M
Puts
$1.05M
Net Calls
+$89K
Net Calls Change
-$897K

Top Buyers

Rank Fund Capital Flow
1
CGI
CI Global Investments
California
+$24.5M
2
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
+$18.2M
3
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
+$6.25M
4
GC
Gruss & Co
Florida
+$1.63M
5
UBS Group
UBS Group
Switzerland
+$1.3M

Top Sellers

Rank Fund Capital Flow
1
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$1.6M
2
Morgan Stanley
Morgan Stanley
New York
-$1.48M
3
FCH
Freestone Capital Holdings
Washington
-$1.43M
4
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$1.06M
5
HighTower Advisors
HighTower Advisors
Illinois
-$972K
Name Holding Trade Value Shares
Change 		Change in
Stake
LF
26
Lee Financial
Texas
$2.69M – – –
DI
27
DUMAC Inc
North Carolina
$2.58M – – –
MGAM
28
McGowan Group Asset Management
Texas
$2.45M +$92.1K +5,061 +4%
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$2.4M +$9.1K +500 +0.4%
Rafferty Asset Management
30
Rafferty Asset Management
New York
$2.38M +$133K +7,331 +6%
KCM
31
Kempner Capital Management
Texas
$2.37M +$1.04M +57,100 +78%
GCP
32
GSA Capital Partners
United Kingdom
$1.98M +$478K +26,250 +32%
CFB
33
Cullen/Frost Bankers
Texas
$1.91M -$409K -22,500 -18%
JP Morgan Chase
34
JP Morgan Chase
New York
$1.69M -$376K -20,665 -18%
RJA
35
Raymond James & Associates
Florida
$1.61M +$69.2K +3,801 +4%
PWP
36
Private Wealth Partners
California
$1.56M +$136K +7,500 +10%
Bank of America
37
Bank of America
North Carolina
$1.46M -$39.9K -2,192 -3%
MTC
38
McDaniel Terry & Co
Texas
$1.29M – – –
BOTOTLSJU
39
Board of Trustees of The Leland Stanford Junior University
California
$1.17M – – –
Sumitomo Mitsui Trust Group
40
Sumitomo Mitsui Trust Group
Japan
$1.17M -$109K -6,000 -9%
WB
41
Wilks Brothers
Texas
$1.05M – – –
Stifel Financial
42
Stifel Financial
Missouri
$1.02M – – –
CC
43
Cannell Capital
Wyoming
$954K – – –
WF
44
Welch & Forbes
Massachusetts
$921K +$635K +34,892 +222%
Wells Fargo
45
Wells Fargo
California
$804K -$64.7K -3,554 -7%
Royal Bank of Canada
46
Royal Bank of Canada
Ontario, Canada
$745K -$12.8K -701 -2%
SCM
47
Sterling Capital Management
North Carolina
$650K – – –
Citadel Advisors
48
Citadel Advisors
Florida
$606K -$433K -23,794 -42%
MFW
49
Meristem Family Wealth
Minnesota
$594K – – –
FSA
50
Franklin Street Advisors
North Carolina
$510K – – –
1
2
3 4

BSM Hedge Fund Activity: Q3 2018 in Review

76 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Black Stone Minerals (BSM) for Q3 2018, worth a combined $534M — up 7.6% from $496M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of BSM and 5 opened new positions — a net loss of 4 holders — while 19 trimmed existing stakes and 23 added.

The largest buyer was CI Global Investments, adding an estimated $24.5M. The largest seller was Bank of Montreal, cutting an estimated $1.6M.

  • 76 institutional investors held Black Stone Minerals (BSM) as of Q3 2018, down from 80 in Q2 2018.
  • Funds reported $534M of Black Stone Minerals stock for Q3 2018, up 7.6% quarter-over-quarter.
  • 5 funds opened new Black Stone Minerals positions in Q3 2018 and 9 closed out, a net change of -4 holders.
  • The largest Black Stone Minerals buyer in Q3 2018 was CI Global Investments, an estimated $24.5M added.
  • The largest Black Stone Minerals seller in Q3 2018 was Bank of Montreal, an estimated $1.6M sold.

Based on aggregated 13F filings for Q3 2018.