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Black Stone Minerals
BSM

177 hedge funds and large institutions have $515M invested in Black Stone Minerals in 2025 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 59 increasing their positions, 38 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 38

39% more call options, than puts

Call options by funds: $3.02M | Put options by funds: $2.16M

14% more funds holding in top 10

Funds holding in top 10: 7 → 8 (+1)

6% more capital invested

Capital invested by funds: $487M → $515M (+$27.9M)

0.17% more ownership

Funds ownership: 15.81% → 15.98% (+0.17%)

5% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 22

2% less funds holding

Funds holding: 181 → 177 (-4)

Holders
177
Holders Change
-4
Holders Change %
-2.21%
% of All Funds
2.37%
Holding in Top 10
8
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+14.29%
% of All Funds
0.11%
New
21
Increased
59
Reduced
38
Closed
22
Calls
$3.02M
Puts
$2.16M
Net Calls
+$853K
Net Calls Change
+$3.01M

Top Buyers

Rank Fund Capital Flow
1
Mirae Asset Global ETFs Holdings
Mirae Asset Global ETFs Holdings
Hong Kong
+$13.3M
2
Bank of America
Bank of America
North Carolina
+$8.7M
3
RFC
Regions Financial Corp
Alabama
+$5.68M
4
LAM
Lummis Asset Management
Texas
+$5.07M
5
UBS Group
UBS Group
Switzerland
+$4.72M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$21.4M
2
Citigroup
Citigroup
New York
-$6.19M
3
ACA
Aptus Capital Advisors
Alabama
-$4.88M
4
CEI
Clark Estates Inc
New York
-$2.34M
5
FA
Fiducient Advisors
Illinois
-$992K
Name Holding Trade Value Shares
Change 		Change in
Stake
Raymond James Financial
26
Raymond James Financial
Florida
$3.77M -$621K -41,342 -14%
SOAMC
27
Spirit of America Management Corp
New York
$3.34M -$390K -26,000 -11%
GA
28
GraniteShares Advisors
New York
$2.75M +$164K +10,900 +6%
HIGP
29
Hill Investment Group Partners
Missouri
$2.71M – – –
Stifel Financial
30
Stifel Financial
Missouri
$2.63M -$4.5K -300 -0.2%
Citigroup
31
Citigroup
New York
$2.53M -$6.19M -412,320 -71%
LWP
32
LMG Wealth Partners
Louisiana
$2.29M – – –
BOTOTLSJU
33
Board of Trustees of The Leland Stanford Junior University
California
$2.26M – – –
LPL Financial
34
LPL Financial
California
$2.25M +$172K +11,430 +8%
Citadel Advisors
35
Citadel Advisors
Florida
$2.09M +$2M +133,261 +3,426%
CIBC Private Wealth Group
36
CIBC Private Wealth Group
Georgia
$2.05M +$99.1K +6,600 +4%
MAA
37
Mraz Amerine & Associates
California
$1.88M -$2.18K -145 -0.1%
MTC
38
McDaniel Terry & Co
Texas
$1.83M -$102K -6,775 -5%
Royal Bank of Canada
39
Royal Bank of Canada
Ontario, Canada
$1.83M +$117K +7,818 +7%
JP Morgan Chase
40
JP Morgan Chase
New York
$1.78M +$1.45M +96,640 +490%
Corient Private Wealth
41
Corient Private Wealth
Florida
$1.77M +$150K +9,957 +9%
TI
42
Tidal Investments
Wisconsin
$1.64M +$1.61M +107,120 New
OBGC
43
O'Brien Greene & Co
Pennsylvania
$1.53M – – –
BPA
44
Beacon Pointe Advisors
California
$1.52M +$97.4K +6,485 +7%
Mercer Global Advisors
45
Mercer Global Advisors
Colorado
$1.45M -$2.79K -186 -0.2%
HFS
46
Howard Financial Services
Texas
$1.4M +$2.96K +197 +0.2%
SC
47
Savant Capital
Illinois
$1.39M – – –
Wells Fargo
48
Wells Fargo
California
$1.37M +$57.1K +3,800 +4%
EGA
49
Eagle Global Advisors
Texas
$1.36M -$913K -60,818 -41%
AIC
50
Anthracite Investment Company
Texas
$1.35M – – –
1
2
3 4 5

BSM Hedge Fund Activity: Q1 2025 in Review

177 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Black Stone Minerals (BSM) for Q1 2025, worth a combined $515M — up 5.7% from $487M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of BSM and 21 opened new positions — a net loss of 1 holder — while 38 trimmed existing stakes and 59 added.

The largest buyer was Mirae Asset Global ETFs Holdings, adding an estimated $13.3M. The largest seller was Morgan Stanley, cutting an estimated $21.4M.

  • 177 institutional investors held Black Stone Minerals (BSM) as of Q1 2025, down from 181 in Q4 2024.
  • Funds reported $515M of Black Stone Minerals stock for Q1 2025, up 5.7% quarter-over-quarter.
  • 21 funds opened new Black Stone Minerals positions in Q1 2025 and 22 closed out, a net change of -1 holder.
  • The largest Black Stone Minerals buyer in Q1 2025 was Mirae Asset Global ETFs Holdings, an estimated $13.3M added.
  • The largest Black Stone Minerals seller in Q1 2025 was Morgan Stanley, an estimated $21.4M sold.

Based on aggregated 13F filings for Q1 2025.