DORCHESTER MINERALS LP DMLP
COM UNIT · MLP · CUSIP 25820R105
- SectorEnergy
- IndustryCrude Petroleum & Natural Gas
- HeadquartersDallas, TX
- FilingsSEC EDGAR
* 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 ($995.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $30.10. Options: 5 managers hold calls ($3.0m notional), 4 hold puts ($1.6m).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 88 |
| Q4 2022 | 110 |
| Q1 2023 | 107 |
| Q2 2023 | 114 |
| Q3 2023 | 113 |
| Q4 2023 | 115 |
| Q1 2024 | 129 |
| Q2 2024 | 125 |
| Q3 2024 | 128 |
| Q4 2024 | 139 |
| Q1 2025 | 144 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 40 | 31 |
| Q3 2023 | 40 | 34 |
| Q4 2023 | 39 | 38 |
| Q1 2024 | 59 | 40 |
| Q2 2024 | 36 | 39 |
| Q3 2024 | 45 | 34 |
| Q4 2024 | 56 | 37 |
| Q1 2025 | 64 | 40 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $4.0m | $1.9m | 0.48 |
| Q3 2024 | $3.2m | $1.5m | 0.48 |
| Q4 2024 | $3.6m | $1.5m | 0.41 |
| Q1 2025 | $3.0m | $1.6m | 0.55 |
Biggest buyers
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Added | +297.0k |
| Round Rock Advisors LLC | Added | +162.8k |
| CITADEL ADVISORS LLC | Added | +100.0k |
| Canton Hathaway, LLC | Added | +46.2k |
| Texas Yale Capital Corp. | Added | +44.6k |
| Highlander Partners, L.P. | New | +33.1k |
| STIFEL FINANCIAL CORP | Added | +32.8k |
| Garner Asset Management Corp | New | +21.8k |
| Virtu Financial LLC | New | +21.8k |
| AMERICAN NATIONAL BANK & TRUST | New | +21.2k |
Biggest sellers
| ROYCE & ASSOCIATES LP | Reduced | -103.5k |
| Adams Asset Advisors, LLC | Reduced | -52.3k |
| Autumn Glory Partners, LLC | Sold out | -46.5k |
| Beacon Pointe Advisors, LLC | Sold out | -46.5k |
| MORGAN STANLEY | Reduced | -37.5k |
| JANE STREET GROUP, LLC | Sold out | -26.1k |
| Towerpoint Wealth, LLC | Reduced | -22.8k |
| Fisher Asset Management, LLC | Sold out | -19.5k |
| Moors & Cabot, Inc. | Reduced | -17.9k |
| Kingsview Wealth Management, LLC | Reduced | -16.4k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $1.2m39.2k shares |
| SIMPLEX TRADING, LLC | Added | $959.0k31.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $469.2k15.6k shares |
| GROUP ONE TRADING LLC | Added | $379.0k12.6k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $749.0k24.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $493.3k16.4k shares |
| GROUP ONE TRADING LLC | Reduced | $388.0k12.9k 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.
No one currently above 5% in the filings since 19 Dec 2024.
Fell to 5% or below in the last year: DAVIDSON KEMPNER CAPITAL MANAGEMENT LP (2.8%, 2026-05-14)
Insider purchases and sales in Q1 2025
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 2 | $350.1k | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 2 | $159.7k | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 1 | $104.9k | 0 | — | — |
| Q1 2025 | 1 | $100.0k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-03-03 | EHRMAN BRADLEY J Chief Executive Officer | Bought | $100.0k3.4k shares |
| 2025-02-06 | DORCHESTER MINERALS OPERATING LP Entity Under Common Control | Bought plan | $10.4k335 shares |
| 2025-02-04 | DORCHESTER MINERALS OPERATING LP Entity Under Common Control | Bought plan | $200.8k6.5k shares |
| 2025-01-31 | DORCHESTER MINERALS OPERATING LP Entity Under Common Control | Bought plan | $237.7k7.5k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.00% of their portfolio | 1.0m $30.7m | Reduced -37.5k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.31% of their portfolio | 912.5k $27.4m | Added +3.8k |
| Adams Asset Advisors, LLC 2.31% of their portfolio | 559.5k $16.8m | Reduced -52.3k |
| ArchPoint Investors 5.35% of their portfolio | 541.3k $16.3m | Added +5.0k |
| ROYCE & ASSOCIATES LP 0.14% of their portfolio | 432.6k $13.0m | Reduced -103.5k |
| Meixler Investment Management, Ltd. 8.62% of their portfolio | 413.6k $12.4m | Reduced -3.1k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% of their portfolio | 411.9k $12.4m | Added +297.0k |
| Delta Investment Management, LLC 1.82% of their portfolio | 300.1k $9.0m | Reduced -467 |
| Round Rock Advisors LLC 1.56% of their portfolio | 279.2k $8.4m | Added +162.8k |
| NATIXIS 0.04% of their portfolio | 243.2k $7.4m | Unchanged |
| Kingsview Wealth Management, LLC 0.13% of their portfolio | 237.3k $7.1m | Reduced -16.4k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 170.7k $5.1m | Added +8.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 152.4k $4.6m | Reduced -5.0k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 149.0k $4.5m | Added +100.0k |
| Texas Yale Capital Corp. 0.15% of their portfolio | 122.0k $3.7m | Added +44.6k |
| &PARTNERS 0.04% of their portfolio | 117.3k $3.5m | Reduced -4.7k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 90.0k $2.7m | Added +32.8k |
| Moors & Cabot, Inc. 0.13% of their portfolio | 84.8k $2.6m | Reduced -17.9k |
| EVERETT HARRIS & CO /CA/ 0.03% of their portfolio | 83.1k $2.5m | Unchanged |
| GraniteShares Advisors LLC 1.50% of their portfolio | 78.0k $2.3m | Added +4.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 74.5k $2.2m | Added +3.8k |
| Independent Advisor Alliance 0.07% of their portfolio | 70.3k $2.1m | Reduced -2.1k |
| Canton Hathaway, LLC 0.39% of their portfolio | 64.6k $1.9m | Added +46.2k |
| LPL Financial LLC 0.00% of their portfolio | 60.3k $1.8m | Added +3.2k |
| MCDANIEL TERRY & CO 0.14% of their portfolio | 52.4k $1.6m | Unchanged |
| Community Bank, N.A. 0.20% of their portfolio | 50.0k $1.5m | Unchanged |
| Concorde Financial Corp 0.82% of their portfolio | 49.2k $1.5m | Reduced -90 |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 48.9k $1.5m | Added +16.6k |
| HRT FINANCIAL LP 0.01% of their portfolio | 46.7k $1.4m | Added +15.9k |
| Mraz, Amerine & Associates, Inc. 0.23% of their portfolio | 45.0k $1.4m | Added +24 |
| Cresset Asset Management, LLC 0.01% of their portfolio | 43.0k $1.3m | Unchanged |
| Burford Brothers, Inc. 0.61% of their portfolio | 42.1k $1.3m | Added +12.8k |
| Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. 0.19% of their portfolio | 40.8k $1.2m | Added +125 |
| Inscription Capital, LLC 0.22% of their portfolio | 40.5k $1.4m | First filing |
| Invesco Ltd. 0.00% of their portfolio | 39.4k $1.2m | Reduced -6.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 35.7k $1.1m | Added +2.1k |
| HOWARD FINANCIAL SERVICES, LTD. 0.14% of their portfolio | 34.2k $1.0m | Added +7 |
| Highlander Partners, L.P. 0.62% of their portfolio | 33.1k $995.0k | New |
| Americana Partners, LLC 0.04% of their portfolio | 32.8k $986.8k | Added +15.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 32.7k $983.9k | Reduced -10.1k |
| O'Brien Greene & Co. Inc 0.32% of their portfolio | 31.6k $951.1k | Reduced -5.0k |
| Freestone Capital Holdings, LLC 0.04% of their portfolio | 31.6k $949.3k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 28.2k $847.2k | Added +2.4k |
| Requisite Capital Management, LLC 0.19% of their portfolio | 28.0k $842.2k | Unchanged |
| HighTower Advisors, LLC 0.00% of their portfolio | 27.6k $830.2k | Added +223 |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 26.6k $800.3k | Added +20.6k |
| CAPITAL ADVISORY GROUP ADVISORY SERVICES, LLC 0.30% of their portfolio | 26.5k $797.7k | Added +1.4k |
| Lee Financial Co 0.11% of their portfolio | 24.6k $740.1k | Reduced -11.0k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 24.5k $736.1k | Added +986 |
| Northside Capital Management, LLC 0.11% of their portfolio | 21.9k $657.5k | Unchanged |
| Garner Asset Management Corp 0.29% of their portfolio | 21.8k $655.8k | New |
| Virtu Financial LLC 0.04% of their portfolio | 21.8k $655.0k | New |
| ALBERT D MASON INC 0.44% of their portfolio | 21.7k $652.7k | Reduced -8.2k |
| AMERICAN NATIONAL BANK & TRUST 0.07% of their portfolio | 21.2k $638.9k | New |
| BBR PARTNERS, LLC 0.04% of their portfolio | 19.5k $585.2k | Unchanged |
| Calydon Capital 0.10% of their portfolio | 17.6k $529.3k | Reduced -1.8k |
| Tidal Investments LLC 0.00% of their portfolio | 16.8k $506.4k | New |
| Fort Sheridan Advisors LLC 0.07% of their portfolio | 16.1k $484.8k | Unchanged |
| Lido Advisors, LLC 0.00% of their portfolio | 15.7k $470.8k | New |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 14.8k $445.0k | New |
| Penbrook Management LLC 0.33% of their portfolio | 14.6k $437.7k | Added +2.1k |
| TRUST CO OF VERMONT 0.02% of their portfolio | 14.5k $435.0k | Unchanged |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 14.0k $421.0k | Added +1.1k |
| WEALTHEDGE INVESTMENT ADVISORS, LLC 0.19% of their portfolio | 13.8k $416.2k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 13.7k $412.9k | Added +2.7k |
| MADDEN SECURITIES Corp 0.15% of their portfolio | 12.9k $387.5k | Added +1.5k |
| BAKER TILLY WEALTH MANAGEMENT, LLC 0.15% of their portfolio | 12.4k $371.9k | Added +279 |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 12.1k $363.0k | Reduced -561 |
| PENN DAVIS MCFARLAND INC 0.04% of their portfolio | 11.7k $350.9k | Unchanged |
| N.E.W. Advisory Services LLC 0.03% of their portfolio | 11.6k $348.9k | Unchanged |
| Essex Financial Services, Inc. 0.02% of their portfolio | 11.2k $338.2k | Unchanged |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 11.0k $331.3k | New |
| One Charles Private Wealth Services, LLC 0.11% of their portfolio | 11.0k $330.4k | Unchanged |
| Creative Planning 0.00% of their portfolio | 10.5k $316.5k | Added +1.7k |
| Clarity Financial LLC 0.04% of their portfolio | 10.5k $316.4k | Unchanged |
| PEAPACK GLADSTONE FINANCIAL CORP 0.00% of their portfolio | 10.5k $315.0k | Added +160 |
| HOWLAND CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 10.3k $308.5k | Unchanged |
| OneDigital Investment Advisors LLC 0.00% of their portfolio | 10.2k $307.0k | Added +231 |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 10.1k $302.5k | Added +1.8k |
| SAX WEALTH ADVISORS, LLC 0.02% of their portfolio | 9.7k $290.3k | New |
| FLAGSHIP HARBOR ADVISORS, LLC 0.02% of their portfolio | 9.6k $288.3k | Added +796 |
| TABLEAUX LLC 0.21% of their portfolio | 9.5k $286.9k | New |
| INGALLS & SNYDER LLC 0.01% of their portfolio | 9.4k $283.0k | Unchanged |
| EIGHT 31 FINANCIAL, LLC 0.18% of their portfolio | 9.3k $279.6k | Added +209 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 9.2k $278.1k | Added +7.6k |
| KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio | 9.2k $275.9k | Reduced -6.0k |
| State of Wyoming 0.04% of their portfolio | 9.0k $272.1k | New |
| Fiduciary Trust Co 0.00% of their portfolio | 8.8k $263.2k | Unchanged |
| Apollon Wealth Management, LLC 0.01% of their portfolio | 8.6k $259.4k | Added +1.8k |
| Jump Financial, LLC 0.00% of their portfolio | 8.6k $257.8k | New |
| Pathstone Holdings, LLC 0.00% of their portfolio | 8.5k $255.1k | Unchanged |
| Choate Investment Advisors 0.01% of their portfolio | 8.4k $253.2k | Unchanged |
| Compound Planning, Inc. 0.01% of their portfolio | 8.3k $250.2k | Added +44 |
| MGO ONE SEVEN LLC 0.01% of their portfolio | 8.2k $247.9k | Added +1.8k |
| Corient Private Wealth LP 0.00% of their portfolio | 7.6k $228.2k | Added +1.0k |
| ROBOTTI ROBERT 0.05% of their portfolio | 7.5k $226.4k | Unchanged |
| Towerpoint Wealth, LLC 0.11% of their portfolio | 7.3k $220.5k | Reduced -22.8k |
| S&T Bank/PA 0.07% of their portfolio | 7.3k $219.6k | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 7.2k $215.6k | Reduced -500 |
| OPPENHEIMER & CO INC 0.00% of their portfolio | 7.0k $210.6k | Unchanged |