Vault-13

BLACK STONE MINERALS L P BSM

COM UNIT · MLP · CUSIP 09225M101

188 institutional holders +3 vs Q1 2024
31,532,13131.5m shares reported held*
$494.4mreported value*
20 new 65 added 39 reduced 17 sold out net sold ≈ $115.9m (-7.4m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $15.68. Options: 5 managers hold calls ($8.6m notional), 5 hold puts ($7.3m).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 150Q4 22: 173Q1 23: 171Q2 23: 173Q3 23: 181Q4 23: 197Q1 24: 185Q2 24: 188188Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022150
Q4 2022173
Q1 2023171
Q2 2023173
Q3 2023181
Q4 2023197
Q1 2024185
Q2 2024188

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 85 bought or addedQ4 22: 52 cut or sold outQ4 22Q1 23: 78 bought or addedQ1 23: 72 cut or sold outQ2 23: 74 bought or addedQ2 23: 61 cut or sold outQ2 23Q3 23: 78 bought or addedQ3 23: 57 cut or sold outQ4 23: 84 bought or addedQ4 23: 63 cut or sold outQ4 23Q1 24: 70 bought or addedQ1 24: 83 cut or sold outQ2 24: 85 bought or addedQ2 24: 56 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20228552
Q1 20237872
Q2 20237461
Q3 20237857
Q4 20238463
Q1 20247083
Q2 20248556

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$5m$10m$15m$20mQ3 23 calls: $18.8mQ3 23 puts: $8.1mQ3 23P/C 0.43Q4 23 calls: $13.3mQ4 23 puts: $6.8mQ4 23P/C 0.51Q1 24 calls: $11.2mQ1 24 puts: $6.6mQ1 24P/C 0.59Q2 24 calls: $8.6mQ2 24 puts: $7.3mQ2 24P/C 0.85
Numbers
QuarterCallsPutsP/C
Q3 2023$18.8m$8.1m0.43
Q4 2023$13.3m$6.8m0.51
Q1 2024$11.2m$6.6m0.59
Q2 2024$8.6m$7.3m0.85

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +1,826,649+1.8m
CITIGROUP INC Added +448,450+448.4k
NOMURA HOLDINGS INC Added +201,900+201.9k
JANE STREET GROUP, LLC New +142,530+142.5k
HRT FINANCIAL LP New +131,179+131.2k
Gratus Capital, LLC New +105,480+105.5k
Icon Wealth Advisors, LLC Added +62,510+62.5k
HighTower Advisors, LLC Added +51,831+51.8k
PREVAIL INNOVATIVE WEALTH ADVISORS, LLC Added +41,136+41.1k
BARCLAYS PLC Added +39,300+39.3k

Biggest sellers

MORGAN STANLEY Reduced -9,644,752-9.6m
CIBC Private Wealth Group LLC Reduced -184,697-184.7k
CITADEL ADVISORS LLC Reduced -141,270-141.3k
MACQUARIE GROUP LTD Sold out -124,827-124.8k
RAYMOND JAMES & ASSOCIATES Reduced -123,720-123.7k
Schechter Investment Advisors, LLC Sold out -100,922-100.9k
Texas Capital Bank Wealth Management Services Inc Reduced -50,000-50.0k
SPIRIT OF AMERICA MANAGEMENT CORP/NY Reduced -47,000-47.0k
Jump Financial, LLC Sold out -44,117-44.1k
ING GROEP NV Reduced -39,300-39.3k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $6.7m429.9k shares
GROUP ONE TRADING LLC Reduced $835.2k53.3k shares
SIMPLEX TRADING, LLC Reduced $564.0k36.0k shares
CITADEL ADVISORS LLC Reduced $440.3k28.1k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $2.9m185.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.3m148.7k shares
SIMPLEX TRADING, LLC Added $1.1m70.8k shares
GROUP ONE TRADING LLC Added $966.8k61.7k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
MORGAN STANLEY 13G · passive investor new · filed 2026-08-20 5.2% new 11.0m≈ $154.0m 2026-08-20

Insider purchases and sales in Q2 2024

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
202Q3 22: 1 buyingQ3 22: 0 sellingQ4 22: 1 buyingQ4 22: 1 sellingQ4 22Q1 23: 2 buyingQ1 23: 0 sellingQ2 23: 1 buyingQ2 23: 1 sellingQ2 23Q3 23: 0 buyingQ3 23: 0 sellingQ4 23: 2 buyingQ4 23: 0 sellingQ4 23Q1 24: 1 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20221$2.4m0——
Q4 20221$1.8m1$102.9k—
Q1 20232$1.5m0——
Q2 20231$493.9k1$1.5m—
Q3 20230—0——
Q4 20232$3.2m0——
Q1 20241$50.3k0——
Q2 20240—0——

None reported in Q2 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 William Marsh Rice University 99.34% of their portfolio HOUSTON, TX 5,663,4765.7m $88.7m $88.7m 99.34% Unchanged
2 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,377,3324.4m $68.6m $68.6m 0.01% Reduced -9.6m -9,644,752
3 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,377,6752.4m $37.3m $37.3m 0.00% Added +1.8m +1,826,649
4 NATIXIS 0.18% of their portfolio PARIS, I0 1,864,5001.9m $29.2m $29.2m 0.18% Unchanged
5 PENN DAVIS MCFARLAND INC 3.28% of their portfolio DALLAS, TX 1,356,3211.4m $21.3m $21.3m 3.28% Unchanged
6 INVESTMENT MANAGEMENT ASSOCIATES INC /ADV 6.64% of their portfolio GREENWOOD VILLAGE, CO 1,231,4461.2m $19.3m $19.3m 6.64% Reduced -7.9k -7,853
7 BROWN ADVISORY INC 0.02% of their portfolio BALTIMORE, MD 964,745964.7k $15.1m $15.1m 0.02% Added +2.2k +2,200
8 Mudita Advisors LLP 6.10% of their portfolio London, X0 760,877760.9k $11.9m $11.9m 6.10% Unchanged
9 ING GROEP NV 0.06% of their portfolio AMSTERDAM, P7 616,600616.6k $9.7m $9.7m 0.06% Reduced -39.3k -39,300
10 NOMURA HOLDINGS INC 0.06% of their portfolio TOKYO, M0 555,000555.0k $8.7m $8.7m 0.06% Added +201.9k +201,900
11 EPACRIA CAPITAL PARTNERS, LLC 6.30% of their portfolio BOULDER, CO 548,698548.7k $8.6m $8.6m 6.30% Unchanged
12 KEMPNER CAPITAL MANAGEMENT INC. 4.14% of their portfolio GALVESTON, TX 498,616498.6k $7.8m $7.8m 4.14% Unchanged
13 Fayez Sarofim & Co 0.02% of their portfolio Houston, TX 490,740490.7k $7.7m $7.7m 0.02% Unchanged
14 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 460,450460.4k $7.2m $7.2m 0.01% Added +448.4k +448,450
15 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 397,930397.9k $6.2m $6.2m 0.01% Added +51.8k +51,831
16 Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio FAIRFIELD, IA 391,070391.1k $6.1m $6.1m 0.02% Reduced -4.2k -4,226
17 Concorde Financial Corp 3.98% of their portfolio DALLAS, TX 386,418386.4k $6.1m $6.1m 3.98% Added +6.2k +6,162
18 SPIRIT OF AMERICA MANAGEMENT CORP/NY 1.21% of their portfolio SYOSSET, NY 380,499380.5k $6.0m $6.0m 1.21% Reduced -47.0k -47,000
19 Clarus Group, Inc. 2.32% of their portfolio HOUSTON, TX 334,996335.0k $5.2m $5.2m 2.32% Unchanged
20 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 327,723327.7k $5.1m $5.1m 0.00% Reduced -123.7k -123,720
21 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 318,450318.4k $5.0m $5.0m 0.01% Reduced -2.1k -2,145
22 CIBC Private Wealth Group LLC 0.01% of their portfolio ATLANTA, GA 223,990224.0k $3.5m $3.5m 0.01% Reduced -184.7k -184,697
23 UBS Group AG 0.00% of their portfolio ZURICH, V8 222,430222.4k $3.5m $3.5m 0.00% Added +27.5k +27,455
24 PREVAIL INNOVATIVE WEALTH ADVISORS, LLC 1.12% of their portfolio LEAWOOD, KS 201,336201.3k $3.2m $3.2m 1.12% Added +41.1k +41,136
25 CLARK ESTATES INC/NY 0.57% of their portfolio NEW YORK, NY 194,225194.2k $3.0m $3.0m 0.57% Reduced -5.8k -5,775
26 Orchard Capital Management, LLC 0.90% of their portfolio CHICAGO, IL 191,156191.2k $3.0m $3.0m 0.90% Reduced -4.2k -4,225
27 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 186,196186.2k $2.9m $2.9m 0.00% Added +1.3k +1,317
28 Hill Investment Group Partners, LLC 0.37% of their portfolio ST. LOUIS, MO 177,487177.5k $2.7m $2.7m 0.37% Unchanged
29 HORIZON KINETICS ASSET MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 166,138166.1k $2.6m $2.6m 0.05% Reduced -1.7k -1,700
30 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 164,694164.7k $2.6m $2.6m 0.00% Reduced -2.7k -2,672
31 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 158,539158.5k $2.5m $2.5m 0.00% Added +6.0k +5,951
32 Board of Trustees of The Leland Stanford Junior University 0.16% of their portfolio STANFORD, CA 147,852147.9k $2.3m $2.3m 0.16% Unchanged
33 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 142,530142.5k $2.2m $2.2m 0.00% New
34 RWA WEALTH PARTNERS, LLC 0.03% of their portfolio BOSTON, MA 139,011139.0k $2.2m $2.2m 0.03% Unchanged
35 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 131,179131.2k $2.1m $2.1m 0.01% New
36 MCDANIEL TERRY & CO 0.17% of their portfolio AUSTIN, TX 126,762126.8k $2.0m $2.0m 0.17% Unchanged
37 Mraz, Amerine & Associates, Inc. 0.41% of their portfolio Modesto, CA 125,845125.8k $2.0m $2.0m 0.41% Reduced -5.0k -4,973
38 GraniteShares Advisors LLC 0.64% of their portfolio NEW YORK, NY 121,795121.8k $1.9m $1.9m 0.64% Added +15.2k +15,188
39 LB Partners LLC 1.55% of their portfolio CHARLOTTESVILLE, VA 119,000119.0k $1.9m $1.9m 1.55% Reduced -29.8k -29,800
40 Anthracite Investment Company, Inc. 0.90% of their portfolio FORT WORTH, TX 108,104108.1k $1.7m $1.7m 0.90% Unchanged
41 Gratus Capital, LLC 0.07% of their portfolio ATLANTA, GA 105,480105.5k $1.7m $1.7m 0.07% New
42 O'Brien Greene & Co. Inc 0.50% of their portfolio MEDIA, PA 100,000100.0k $1.6m $1.6m 0.50% Unchanged
43 Cresset Asset Management, LLC 0.01% of their portfolio Chicago, IL 99,39699.4k $1.6m $1.6m 0.01% Reduced -21.6k -21,650
44 Tidal Investments LLC 0.02% of their portfolio Milwaukee, WI 98,57098.6k $1.5m $1.5m 0.02% Added +8.0k +8,004
45 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 98,13598.1k $1.5m $1.5m 0.00% Added +672 +672
46 EAGLE GLOBAL ADVISORS LLC 0.08% of their portfolio Houston, TX 92,62292.6k $1.5m $1.5m 0.08% Added +3.5k +3,500
47 HOWARD FINANCIAL SERVICES, LTD. 0.23% of their portfolio DALLAS, TX 91,43691.4k $1.4m $1.4m 0.23% Added +96 +96
48 Savant Capital, LLC 0.01% of their portfolio ROCKFORD, IL 90,74290.7k $1.4m $1.4m 0.01% Unchanged
49 CALDWELL SUTTER CAPITAL, INC. 0.70% of their portfolio SAUSALITO, CA 90,70090.7k $1.4m $1.4m 0.70% Reduced -16.6k -16,600
50 Moors & Cabot, Inc. 0.08% of their portfolio BOSTON, MA 90,45090.5k $1.4m $1.4m 0.08% Added +500 +500
51 Quantum Portfolio Management LLC 0.79% of their portfolio NEW YORK, NY 87,78787.8k $1.4m $1.4m 0.79% Added +327 +327
52 Icon Wealth Advisors, LLC 0.11% of their portfolio HOUSTON, TX 82,96483.0k $1.2m $1.2m 0.11% Added +62.5k +62,510
53 CoreCommodity Management, LLC 0.50% of their portfolio STAMFORD, CT 82,70482.7k $1.3m $1.3m 0.50% Added +179 +179
54 Zions Bancorporation, N.A. 0.10% of their portfolio SALT LAKE CITY, UT 82,53382.5k $1.3m $1.3m 0.10% Unchanged
55 Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio ST. PETERSBURG, FL 81,46781.5k $1.3m $1.3m 0.00% Reduced -85 -85
56 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 76,28676.3k $1.2m $1.2m 0.00% Added +39.3k +39,300
57 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 75,05075.0k $1.2m $1.2m 0.00% Added +11.8k +11,836
58 AVENIR CORP 0.11% of their portfolio ALEXANDRIA, VA 73,90073.9k $1.2m $1.2m 0.11% Unchanged
59 Independent Advisor Alliance 0.04% of their portfolio CHARLOTTE, NC 73,07773.1k $1.1m $1.1m 0.04% Unchanged
60 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 68,69268.7k $1.1m $1.1m 0.00% Reduced -21.5k -21,520
61 Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio CHIYODA-KU, TOKYO, M0 68,00068.0k $1.1m $1.1m 0.00% Unchanged
62 Bramshill Investments, LLC 0.12% of their portfolio NAPLES, FL 67,64467.6k $1.1m $1.1m 0.12% Reduced -1.2k -1,215
63 Cullen/Frost Bankers, Inc. 0.02% of their portfolio San Antonio, TX 67,42767.4k $1.1m $1.1m 0.02% Unchanged
64 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 64,77164.8k $1.0m $1.0m 0.00% Reduced -26.6k -26,553
65 Aristides Capital LLC 0.21% of their portfolio LOUISVILLE, KY 63,47063.5k $994.6k $994.6k 0.21% Added +31.7k +31,735
66 Jefferies Financial Group Inc. 0.02% of their portfolio NEW YORK, NY 62,40062.4k $977.8k $977.8k 0.02% Reduced -260 -260
67 Gruss & Co., LLC 5.15% of their portfolio WEST PALM BEACH, FL 60,61160.6k $949.8k $949.8k 5.15% Unchanged
68 Welch & Forbes LLC 0.01% of their portfolio Boston, MA 58,96659.0k $917.5k $917.5k 0.01% Unchanged
69 Fort Sheridan Advisors LLC 0.15% of their portfolio HIGHLAND PARK, IL 57,47157.5k $900.6k $900.6k 0.15% Added +24.1k +24,140
70 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 57,01757.0k $893.5k $893.5k 0.00% Added +24 +24
71 Sowell Financial Services LLC 0.04% of their portfolio NORTH LITTLE ROCK, AR 55,37555.4k $868.0k $868.0k 0.04% Added +330 +330
72 Clear Harbor Asset Management, LLC 0.07% of their portfolio Stamford, CT 54,95755.0k $861.2k $861.2k 0.07% Unchanged
73 EVERGREEN CAPITAL MANAGEMENT LLC 0.03% of their portfolio Bellevue, WA 54,15654.2k $848.6k $848.6k 0.03% Added +20.5k +20,545
74 Ancora Advisors LLC 0.02% of their portfolio Cleveland, OH 53,99654.0k $846.1k $846.1k 0.02% Reduced -491 -491
75 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 53,60853.6k $840.0k $840.0k 0.00% Added +21.7k +21,700
76 Mariner, LLC 0.00% of their portfolio Overland Park, KS 52,03752.0k $815.4k $815.4k 0.00% Added +1.8k +1,825
77 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 51,04551.0k $799.8k $799.8k 0.00% Reduced -33.7k -33,737
78 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 49,46849.5k $775.2k $775.2k 0.00% Reduced -1.0k -1,000
79 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 46,73446.7k $732.3k $732.3k 0.01% Reduced -11.9k -11,935
80 Autumn Glory Partners, LLC 0.37% of their portfolio DALLAS, TX 46,60046.6k $730.2k $730.2k 0.37% Unchanged
81 AlphaCore Capital LLC 0.17% of their portfolio LA JOLLA, CA 43,55043.5k $682.4k $682.4k 0.17% Added +13.8k +13,750
82 CHASE INVESTMENT COUNSEL CORP 0.22% of their portfolio CHARLOTTESVILLE, VA 39,78839.8k $623.0k $623.0k 0.22% Unchanged
83 Family Manage LLC 0.11% of their portfolio NEW YORK, NY 39,76739.8k $623.1k $623.1k 0.11% Unchanged
84 Perigon Wealth Management, LLC 0.02% of their portfolio SAN FRANCISCO, CA 38,31238.3k $600.3k $600.3k 0.02% Added +5 +5
85 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 33,91533.9k $531.0k $531.0k 0.00% Added +6.1k +6,069
86 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.01% of their portfolio CINCINNATI, OH 32,74632.7k $513.1k $513.1k 0.01% Unchanged
87 Bristlecone Advisors, LLC 0.04% of their portfolio BELLEVUE, WA 32,41032.4k $507.9k $507.9k 0.04% Unchanged
88 LongView Wealth Management 0.19% of their portfolio ATLANTA, GA 32,25032.2k $505.4k $505.4k 0.19% Reduced -755 -755
89 Vident Advisory, LLC 0.01% of their portfolio Alpharetta, GA 29,39429.4k $460.6k $460.6k 0.01% Added +11.5k +11,500
90 MAS Advisors LLC 1.09% of their portfolio Miami, FL 29,17929.2k $457.2k $457.2k 1.09% Added +1.5k +1,506
91 Avidian Wealth Enterprises, LLC 0.02% of their portfolio Houston, TX 27,50027.5k $430.9k $430.9k 0.02% Unchanged
92 DOLIVER ADVISORS, LP 0.12% of their portfolio HOUSTON, TX 27,08727.1k $424.5k $424.5k 0.12% Reduced -232 -232
93 Cadence Bank 0.03% of their portfolio Tupelo, MS 26,96127.0k $422.5k $422.5k 0.03% Added +611 +611
94 HOLDERNESS INVESTMENTS CO 0.05% of their portfolio GREENSBORO, NC 26,30026.3k $412.1k $412.1k 0.05% Added +12.8k +12,850
95 SIMPLEX TRADING, LLC 0.01% of their portfolio CHICAGO, IL 23,70623.7k $371.0k $371.0k 0.01% Added +22.8k +22,771
96 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 22,45022.4k $351.8k $351.8k 0.00% Unchanged
97 IHT Wealth Management, LLC 0.01% of their portfolio Chicago, IL 21,31921.3k $334.1k $334.1k 0.01% Added +36 +36
98 Sunbelt Securities, Inc. 0.03% of their portfolio HOUSTON, TX 21,15421.2k $331.5k $331.5k 0.03% Added +64 +64
99 Waterloo Capital, L.P. 0.04% of their portfolio AUSTIN, TX 21,00021.0k $329.1k $329.1k 0.04% Unchanged
100 FLAGSHIP HARBOR ADVISORS, LLC 0.02% of their portfolio BOSTON, MA 20,68620.7k $324.1k $324.1k 0.02% Added +3.0k +2,996