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TBN

Tamboran Resources
TBN

48 hedge funds and large institutions have $222M invested in Tamboran Resources in 2025 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 13 increasing their positions, 8 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

600% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 3

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

63% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 8

60% more funds holding

Funds holding: 30 → 48 (+18)

36% more capital invested

Capital invested by funds: $162M → $222M (+$59.3M)

6.35% more ownership

Funds ownership: 33.37% → 39.72% (+6.3%)

Holders
48
Holders Change
+18
Holders Change %
+60%
% of All Funds
0.58%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.02%
New
21
Increased
13
Reduced
8
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GGHC
Gilder Gagnon Howe & Co
New York
+$13M
2
Citadel Advisors
Citadel Advisors
Florida
+$12.1M
3
HHAM
HITE Hedge Asset Management
Massachusetts
+$7.6M
4
UBS Group
UBS Group
Switzerland
+$3.93M
5
ECA
Encompass Capital Advisors
New York
+$3.81M

Top Sellers

Rank Fund Capital Flow
1
BG
Baupost Group
Massachusetts
-$7.97M
2
ISL
Ingalls & Snyder LLC
New York
-$1.69M
3
BlackRock
BlackRock
New York
-$477K
4
Macquarie Group
Macquarie Group
Australia
-$259K
5
HSBC Holdings
HSBC Holdings
United Kingdom
-$204K
Name Holding Trade Value Shares
Change 		Change in
Stake
HHAM
1
HITE Hedge Asset Management
Massachusetts
$55.5M +$7.6M +299,028 +17%
AIMCA
2
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$23.4M +$2.54M +100,000 +13%
GGHC
3
Gilder Gagnon Howe & Co
New York
$21.6M +$13M +512,992 +182%
ECA
4
Encompass Capital Advisors
New York
$19.4M +$3.81M +150,000 +27%
YCM
5
Yaupon Capital Management
New York
$14M +$1.27M +50,000 +11%
Citadel Advisors
6
Citadel Advisors
Florida
$13M +$12.1M +475,595 New
AA
7
Ancient Art
Texas
$11.9M – – –
UBS Group
8
UBS Group
Switzerland
$11.8M +$3.93M +154,660 +55%
BG
9
Baupost Group
Massachusetts
$7M -$7.97M -313,607 -55%
ISL
10
Ingalls & Snyder LLC
New York
$5.22M -$1.69M -66,650 -26%
ACG
11
Aventail Capital Group
New York
$4.1M +$1.68M +65,886 +78%
ZP
12
Zimmer Partners
New York
$3.91M +$3.65M +143,732 New
Cohen & Steers
13
Cohen & Steers
New York
$3.54M +$2.71M +106,469 +449%
Macquarie Group
14
Macquarie Group
Australia
$3.13M -$259K -10,180 -8%
Manulife (Manufacturers Life Insurance)
15
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$3.01M +$1.57M +61,866 +125%
WHRC
16
W.H. Reaves & Co
New Jersey
$2.72M +$2.54M +100,000 New
SCM
17
SCS Capital Management
Massachusetts
$2.55M – – –
WA
18
Whitebox Advisors
Minnesota
$2.15M +$580K +22,810 +41%
Franklin Resources
19
Franklin Resources
California
$2.03M +$1.89M +74,400 New
MIM
20
Merewether Investment Management
Texas
$1.91M +$1.78M +70,000 New
APCM
21
Arbiter Partners Capital Management
New York
$1.56M +$195K +7,670 +15%
Two Sigma Investments
22
Two Sigma Investments
New York
$1.53M +$1.43M +56,108 New
Millennium Management
23
Millennium Management
New York
$1.02M +$951K +37,405 New
Bank of America
24
Bank of America
North Carolina
$883K +$24.4K +960 +3%
MHP
25
Manatuck Hill Partners
Connecticut
$874K +$816K +32,100 New
1
2 3

TBN Hedge Fund Activity: Q4 2025 in Review

48 of the 8,229 institutional investors tracked by Wall St. Rank reported a position in Tamboran Resources (TBN) for Q4 2025, worth a combined $222M — up 36% from $162M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new TBN positions and 3 closed out — a net gain of 18 holders — while 13 added to existing stakes and 8 trimmed.

The largest buyer was Gilder Gagnon Howe & Co, adding an estimated $13M. The largest seller was Baupost Group, cutting an estimated $7.97M.

  • 48 institutional investors held Tamboran Resources (TBN) as of Q4 2025, up from 30 in Q3 2025.
  • Funds reported $222M of Tamboran Resources stock for Q4 2025, up 36% quarter-over-quarter.
  • 21 funds opened new Tamboran Resources positions in Q4 2025 and 3 closed out, a net change of +18 holders.
  • The largest Tamboran Resources buyer in Q4 2025 was Gilder Gagnon Howe & Co, an estimated $13M added.
  • The largest Tamboran Resources seller in Q4 2025 was Baupost Group, an estimated $7.97M sold.

Based on aggregated 13F filings for Q4 2025.