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Natural Resource Partners
NRP

63 hedge funds and large institutions have $444M invested in Natural Resource Partners in 2025 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 14 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 4

71% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 14

25% more call options, than puts

Call options by funds: $7.13M | Put options by funds: $5.7M

5% more funds holding

Funds holding: 60 → 63 (+3)

4.65% more ownership

Funds ownership: 31.21% → 35.86% (+4.6%)

4% more capital invested

Capital invested by funds: $426M → $444M (+$17.8M)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

Holders
63
Holders Change
+3
Holders Change %
+5%
% of All Funds
0.83%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
7
Increased
24
Reduced
14
Closed
4
Calls
$7.13M
Puts
$5.7M
Net Calls
+$1.43M
Net Calls Change
+$7.53M

Top Buyers

Rank Fund Capital Flow
1
Corient Private Wealth
Corient Private Wealth
Florida
+$60M
2
SW
Solidarity Wealth
Utah
+$2.08M
3
MIM
Meixler Investment Management
Arizona
+$1.76M
4
MLIM
Mountain Lake Investment Management
Florida
+$1.5M
5
Citadel Advisors
Citadel Advisors
Florida
+$1.28M

Top Sellers

Rank Fund Capital Flow
1
CP
Castalian Partners
Minnesota
-$7.39M
2
Morgan Stanley
Morgan Stanley
New York
-$4.3M
3
UBS Group
UBS Group
Switzerland
-$3.68M
4
First Trust Advisors
First Trust Advisors
Illinois
-$1.56M
5
JP Morgan Chase
JP Morgan Chase
New York
-$1.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
Acadian Asset Management
26
Acadian Asset Management
Massachusetts
$1.47M -$24.7K -254 -2%
SFO
27
Stokes Family Office
Louisiana
$1.47M +$217K +2,230 +17%
RC
28
Rangeley Capital
Connecticut
$1.16M +$1.18M +12,100 New
CCA
29
Covey Capital Advisors
Georgia
$1.15M +$8.07K +83 +0.7%
Jane Street
30
Jane Street
New York
$1.08M +$1.1M +11,299 New
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$868K -$10.8K -111 -1%
EAM
32
Eschler Asset Management
United Kingdom
$764K – – –
PC
33
Pecaut & Co
Iowa
$745K +$48.6K +500 +7%
FFA
34
First Foundation Advisors
California
$735K +$44.4K +456 +6%
LFAS
35
Level Four Advisory Services
Texas
$697K – – –
ETC
36
Exchange Traded Concepts
Oklahoma
$681K -$72.2K -742 -9%
IC
37
Inscription Capital
Texas
$478K – – –
Cetera Investment Advisers
38
Cetera Investment Advisers
Illinois
$427K – – –
DFA
39
DHK Financial Advisors
New Hampshire
$421K – – –
VF
40
Virtu Financial
New York
$367K +$374K +3,847 New
AA
41
ALPS Advisors
Colorado
$328K +$4.08K +42 +1%
MA
42
MAS Advisors
Florida
$322K +$13.6K +140 +4%
BNP Paribas Financial Markets
43
BNP Paribas Financial Markets
France
$272K +$156K +1,600 +128%
Envestnet Asset Management
44
Envestnet Asset Management
Illinois
$248K – – –
JF
45
Jump Financial
Illinois
$233K +$17.9K +184 +8%
C
46
Covestor
United Kingdom
$156K +$67.1K +690 +73%
Raymond James Financial
47
Raymond James Financial
Florida
$137K +$139K +1,429 New
LFG
48
Larson Financial Group
Missouri
$120K +$44.3K +455 +57%
SOW
49
State of Wyoming
Wyoming
$108K -$147K -1,507 -57%
CCM
50
Chilton Capital Management
Texas
$60K – – –
1
2
3

NRP Hedge Fund Activity: Q2 2025 in Review

63 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Natural Resource Partners (NRP) for Q2 2025, worth a combined $444M — up 4.2% from $426M a quarter earlier.

Buyers outnumbered sellers: 7 funds opened new NRP positions and 4 closed out — a net gain of 3 holders — while 24 added to existing stakes and 14 trimmed.

The largest buyer was Corient Private Wealth, adding an estimated $60M. The largest seller was Castalian Partners, cutting an estimated $7.39M.

  • 63 institutional investors held Natural Resource Partners (NRP) as of Q2 2025, up from 60 in Q1 2025.
  • Funds reported $444M of Natural Resource Partners stock for Q2 2025, up 4.2% quarter-over-quarter.
  • 7 funds opened new Natural Resource Partners positions in Q2 2025 and 4 closed out, a net change of +3 holders.
  • The largest Natural Resource Partners buyer in Q2 2025 was Corient Private Wealth, an estimated $60M added.
  • The largest Natural Resource Partners seller in Q2 2025 was Castalian Partners, an estimated $7.39M sold.

Based on aggregated 13F filings for Q2 2025.