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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
Invesco
51
Invesco
Georgia
$1.3M +$58.5K +3,896 +5%
RC
52
Rahlfs Capital
Texas
$1.29M – – –
ZBNA
53
Zions Bancorporation, National Association
Utah
$1.26M +$1.24M +82,533 New
IWA
54
Icon Wealth Advisors
Texas
$1.25M +$3.8K +253 +0.3%
AC
55
AlphaCore Capital
California
$1.21M +$307K +20,430 +35%
AC
56
Avenir Corporation
Virginia
$1.13M – – –
IAA
57
Independent Advisor Alliance
North Carolina
$1.12M +$150 +10 +0%
Cetera Investment Advisers
58
Cetera Investment Advisers
Illinois
$1.11M +$703K +46,782 +180%
Franklin Resources
59
Franklin Resources
California
$1.1M – – –
GC
60
Gruss & Co
Florida
$1.08M – – –
Sumitomo Mitsui Trust Group
61
Sumitomo Mitsui Trust Group
Japan
$1.04M – – –
CFB
62
Cullen/Frost Bankers
Texas
$1.03M -$52.6K -3,500 -5%
BI
63
Bramshill Investments
Florida
$988K +$706 +47 +0.1%
JFG
64
Jefferies Financial Group
New York
$953K – – –
MC
65
Moors & Cabot
Massachusetts
$948K -$538K -35,850 -37%
BG
66
Bahl & Gaynor
Ohio
$939K – – –
WF
67
Welch & Forbes
Massachusetts
$900K – – –
RWP
68
RWA Wealth Partners
Massachusetts
$899K -$292K -19,431 -25%
Envestnet Asset Management
69
Envestnet Asset Management
Illinois
$886K -$75.2K -5,006 -8%
CSC
70
Caldwell Sutter Capital
California
$852K -$551K -36,700 -40%
FSA
71
Fort Sheridan Advisors
Illinois
$850K -$27K -1,800 -3%
CHAM
72
Clear Harbor Asset Management
Connecticut
$795K – – –
CM
73
CoreCommodity Management
Connecticut
$785K +$475K +31,599 +160%
Mariner
74
Mariner
Kansas
$754K -$20.1K -1,341 -3%
BA
75
Bristlecone Advisors
Washington
$754K +$57K +3,796 +8%
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.