Black Stone Minerals
193 hedge funds and large institutions have $541M invested in Black Stone Minerals in 2025 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 61 increasing their positions, 47 reducing their positions, and 21 closing their positions.
108% more call options, than puts
Call options by funds: $4.52M | Put options by funds: $2.18M
30% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 47
21% more capital invested
Capital invested by funds: $449M → $541M (+$92.1M)
13% more funds holding in top 10
Funds holding in top 10: 8 → 9 (+1)
3.04% more ownership
Funds ownership: 16.13% → 19.17% (+3%)
10% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 21
0% more funds holding
Funds holding: 193 → 193 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$34.9M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$25.4M |
| 3 |
NU
Northwestern University
Evanston,
Illinois
|
+$14.7M |
| 4 |
Citigroup
New York
|
+$5.5M |
| 5 |
CCM
Chilton Capital Management
Houston,
Texas
|
+$4.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CF
Concorde Financial
Dallas,
Texas
|
-$8.63M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$5.74M |
| 3 |
CG
Clarus Group
Houston,
Texas
|
-$4.39M |
| 4 |
FA
Fiducient Advisors
Chicago,
Illinois
|
-$3.17M |
| 5 |
KCM
Kempner Capital Management
Galveston,
Texas
|
-$1.93M |
BSM Hedge Fund Activity: Q4 2025 in Review
193 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in Black Stone Minerals (BSM) for Q4 2025, worth a combined $541M — up 21% from $449M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new BSM positions and 21 closed out — a net gain of 2 holders — while 61 added to existing stakes and 47 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $34.9M. The largest seller was Concorde Financial, exiting entirely with an estimated $8.63M sold.
- 193 institutional investors held Black Stone Minerals (BSM) as of Q4 2025, unchanged from Q3 2025.
- Funds reported $541M of Black Stone Minerals stock for Q4 2025, up 21% quarter-over-quarter.
- 23 funds opened new Black Stone Minerals positions in Q4 2025 and 21 closed out, a net change of +2 holders.
- The largest Black Stone Minerals buyer in Q4 2025 was Morgan Stanley, an estimated $34.9M added.
- The largest Black Stone Minerals seller in Q4 2025 was Concorde Financial, an estimated $8.63M sold.
Based on aggregated 13F filings for Q4 2025.