Black Stone Minerals
193 hedge funds and large institutions have $451M invested in Black Stone Minerals in 2025 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 51 increasing their positions, 57 reducing their positions, and 13 closing their positions.
77% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 13
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
5% more funds holding
Funds holding: 184 → 193 (+9)
0% more capital invested
Capital invested by funds: $449M → $451M (+$2.1M)
0.08% less ownership
Funds ownership: 16.21% → 16.13% (-0.08%)
11% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 57
45% less call options, than puts
Call options by funds: $2.1M | Put options by funds: $3.84M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$8.16M |
| 2 |
IMA
Investment Management Associates
Greenwood Village,
Colorado
|
+$4.49M |
| 3 |
IG
ING Group
Amsterdam,
Netherlands
|
+$4.39M |
| 4 |
Citigroup
New York
|
+$1.16M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$1.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mirae Asset Global ETFs Holdings
Causeway Bay,
Hong Kong
|
-$11.7M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$8.72M |
| 3 |
KCM
Kempner Capital Management
Galveston,
Texas
|
-$2.23M |
| 4 |
HKAM
Horizon Kinetics Asset Management
New York
|
-$1.38M |
| 5 |
Raymond James Financial
St Petersburg,
Florida
|
-$1.14M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KAS
201
Kestra Advisory Services
Austin,
Texas
| – | -$165K | -12,598 | Closed |
|
|
KWM
202
Kiker Wealth Management
Jasper,
Georgia
| – | -$141K | -10,750 | Closed |
|
|
M
203
MOTCO
San Antonio,
Texas
| – | -$45.7K | -3,650 | Closed |
|
204
BlackRock
New York
| – | -$9.16K | -700 | Closed |
|
|
TSMHT
205
Thurston Springer Miller Herd & Titak
Indianapolis,
Indiana
| – | -$3.92K | -300 | Closed |
|
|
TPWA
206
Twin Peaks Wealth Advisors
Burlingame,
California
| – | -$371 | -30 | Closed |
|
BSM Hedge Fund Activity: Q3 2025 in Review
193 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Black Stone Minerals (BSM) for Q3 2025, worth a combined $451M — up 0.47% from $449M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new BSM positions and 13 closed out — a net gain of 10 holders — while 51 added to existing stakes and 57 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $8.16M. The largest seller was Mirae Asset Global ETFs Holdings, cutting an estimated $11.7M.
- 193 institutional investors held Black Stone Minerals (BSM) as of Q3 2025, up from 184 in Q2 2025.
- Funds reported $451M of Black Stone Minerals stock for Q3 2025, up 0.47% quarter-over-quarter.
- 23 funds opened new Black Stone Minerals positions in Q3 2025 and 13 closed out, a net change of +10 holders.
- The largest Black Stone Minerals buyer in Q3 2025 was Morgan Stanley, an estimated $8.16M added.
- The largest Black Stone Minerals seller in Q3 2025 was Mirae Asset Global ETFs Holdings, an estimated $11.7M sold.
Based on aggregated 13F filings for Q3 2025.