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 ($921.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $27.86. Options: 4 managers hold calls ($2.0m notional), 4 hold puts ($999.8k).
Trends to Q2 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 |
| Q2 2025 | 148 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2025 | 67 | 44 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $3.2m | $1.5m | 0.48 |
| Q4 2024 | $3.6m | $1.5m | 0.41 |
| Q1 2025 | $3.0m | $1.6m | 0.55 |
| Q2 2025 | $2.0m | $999.8k | 0.50 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +73.9k |
| JANE STREET GROUP, LLC | New | +66.6k |
| Adams Asset Advisors, LLC | Added | +57.6k |
| ING GROEP NV | New | +57.1k |
| Texas Yale Capital Corp. | Added | +51.2k |
| Beacon Pointe Advisors, LLC | New | +40.8k |
| BANK OF AMERICA CORP /DE/ | Added | +31.3k |
| Round Rock Advisors LLC | Added | +30.7k |
| HRT FINANCIAL LP | Added | +30.3k |
| Inscription Capital, LLC | Added | +25.5k |
Biggest sellers
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Sold out | -411.9k |
| CITADEL ADVISORS LLC | Reduced | -52.0k |
| MORGAN STANLEY | Reduced | -44.5k |
| Kingsview Wealth Management, LLC | Reduced | -30.9k |
| CAPITAL ADVISORY GROUP ADVISORY SERVICES, LLC | Sold out | -26.5k |
| Garner Asset Management Corp | Sold out | -21.8k |
| Virtu Financial LLC | Sold out | -21.8k |
| Tidal Investments LLC | Sold out | -16.8k |
| Cambridge Investment Research Advisors, Inc. | Sold out | -14.8k |
| ROYCE & ASSOCIATES LP | Reduced | -14.2k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $913.8k32.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $685.0k24.6k shares |
| GROUP ONE TRADING LLC | Added | $412.3k14.8k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $521.0k18.7k shares |
| GROUP ONE TRADING LLC | Added | $470.8k16.9k shares |
| SIMPLEX TRADING, LLC | New | $8.0k300 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-04-30 | DORCHESTER MINERALS OPERATING LP Entity Under Common Control | Bought plan | $287.6k10.0k 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, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.00% of their portfolio | 975.8k $27.2m | Reduced -44.5k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.30% of their portfolio | 916.8k $25.5m | Added +4.4k |
| Adams Asset Advisors, LLC 2.42% of their portfolio | 617.1k $17.2m | Added +57.6k |
| ArchPoint Investors 4.42% of their portfolio | 539.6k $15.0m | Reduced -1.7k |
| ROYCE & ASSOCIATES LP 0.12% of their portfolio | 418.4k $11.7m | Reduced -14.2k |
| Meixler Investment Management, Ltd. 7.93% of their portfolio | 413.3k $11.5m | Reduced -268 |
| Round Rock Advisors LLC 1.49% of their portfolio | 309.8k $8.6m | Added +30.7k |
| Delta Investment Management, LLC 1.58% of their portfolio | 294.3k $8.2m | Reduced -5.8k |
| NATIXIS 0.03% of their portfolio | 240.6k $6.7m | Reduced -2.6k |
| Kingsview Wealth Management, LLC 0.10% of their portfolio | 206.4k $5.7m | Reduced -30.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 183.7k $5.1m | Added +31.3k |
| Texas Yale Capital Corp. 0.16% of their portfolio | 173.2k $4.8m | Added +51.2k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 163.6k $4.6m | Reduced -7.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 148.3k $4.1m | Added +73.9k |
| &PARTNERS 0.03% of their portfolio | 122.8k $3.4m | Added +5.5k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 97.0k $2.7m | Reduced -52.0k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 91.6k $2.6m | Added +1.6k |
| Moors & Cabot, Inc. 0.11% of their portfolio | 85.4k $2.4m | Added +550 |
| GraniteShares Advisors LLC 1.42% of their portfolio | 83.2k $2.3m | Added +5.2k |
| EVERETT HARRIS & CO /CA/ 0.03% of their portfolio | 83.1k $2.3m | Unchanged |
| HRT FINANCIAL LP 0.01% of their portfolio | 77.1k $2.1m | Added +30.3k |
| Independent Advisor Alliance 0.06% of their portfolio | 74.2k $2.1m | Added +3.9k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 66.6k $1.9m | New |
| Inscription Capital, LLC 0.27% of their portfolio | 66.0k $1.8m | Added +25.5k |
| Canton Hathaway, LLC 0.37% of their portfolio | 64.7k $1.8m | Added +100 |
| LPL Financial LLC 0.00% of their portfolio | 63.8k $1.8m | Added +3.5k |
| ING GROEP NV 0.01% of their portfolio | 57.1k $1.6m | New |
| MCDANIEL TERRY & CO 0.12% of their portfolio | 52.4k $1.5m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 51.8k $1.4m | Added +16.1k |
| Community Bank, N.A. 0.18% of their portfolio | 50.0k $1.4m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 49.2k $1.4m | Added +354 |
| Concorde Financial Corp 0.75% of their portfolio | 45.8k $1.3m | Reduced -3.4k |
| Mraz, Amerine & Associates, Inc. 0.20% of their portfolio | 44.5k $1.2m | Reduced -474 |
| Invesco Ltd. 0.00% of their portfolio | 44.1k $1.2m | Added +4.7k |
| Cresset Asset Management, LLC 0.01% of their portfolio | 43.0k $1.2m | Unchanged |
| Beacon Pointe Advisors, LLC 0.01% of their portfolio | 40.8k $1.1m | New |
| O'Brien Greene & Co. Inc 0.37% of their portfolio | 40.6k $1.1m | Added +9.0k |
| UBS Group AG 0.00% of their portfolio | 39.2k $1.1m | Added +11.1k |
| Burford Brothers, Inc. 0.46% of their portfolio | 36.2k $1.0m | Reduced -5.9k |
| HOWARD FINANCIAL SERVICES, LTD. 0.13% of their portfolio | 34.2k $952.6k | Added +7 |
| Americana Partners, LLC 0.03% of their portfolio | 33.3k $927.9k | Added +500 |
| Highlander Partners, L.P. 0.35% of their portfolio | 33.1k $921.5k | Unchanged |
| Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. 0.14% of their portfolio | 29.5k $822.2k | Reduced -11.2k |
| Penbrook Management LLC 0.31% of their portfolio | 28.6k $828.4k | Added +14.0k |
| Requisite Capital Management, LLC 0.17% of their portfolio | 28.0k $780.1k | Unchanged |
| HighTower Advisors, LLC 0.00% of their portfolio | 25.3k $705.3k | Reduced -2.3k |
| Lee Financial Co 0.10% of their portfolio | 24.6k $685.5k | Unchanged |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 23.1k $643.4k | Reduced -1.4k |
| Freestone Capital Holdings, LLC 0.02% of their portfolio | 22.5k $626.9k | Reduced -9.1k |
| Northside Capital Management, LLC 0.05% of their portfolio | 21.9k $609.0k | Unchanged |
| ALBERT D MASON INC 0.43% of their portfolio | 21.4k $597.3k | Reduced -258 |
| AMERICAN NATIONAL BANK & TRUST 0.06% of their portfolio | 21.2k $591.8k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 20.8k $580.8k | Reduced -11.9k |
| CWM, LLC 0.00% of their portfolio | 20.5k $572.0k | Added +19.5k |
| BBR PARTNERS, LLC 0.03% of their portfolio | 19.5k $542.0k | Unchanged |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 19.3k $538.5k | Added +9.3k |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 18.1k $503.9k | Reduced -8.5k |
| Calydon Capital 0.05% of their portfolio | 17.6k $501.6k | Reduced -9 |
| Quantinno Capital Management LP 0.00% of their portfolio | 17.5k $487.3k | New |
| Advisory Services Network, LLC 0.01% of their portfolio | 17.4k $475.4k | New |
| Autumn Glory Partners, LLC 0.21% of their portfolio | 16.0k $445.8k | New |
| TABLEAUX LLC 0.26% of their portfolio | 16.0k $444.8k | Added +6.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 15.8k $439.1k | Added +2.0k |
| Lido Advisors, LLC 0.00% of their portfolio | 15.7k $436.0k | Unchanged |
| WEALTHEDGE INVESTMENT ADVISORS, LLC 0.17% of their portfolio | 14.8k $412.1k | Added +956 |
| Glenmede Investment Management, LP 0.00% of their portfolio | 14.5k $404.0k | First filing |
| REXFORD CAPITAL INC 0.33% of their portfolio | 14.1k $392.9k | First filing |
| Fort Sheridan Advisors LLC 0.05% of their portfolio | 13.8k $384.3k | Reduced -2.3k |
| TRUST CO OF VERMONT 0.02% of their portfolio | 13.8k $383.5k | Reduced -695 |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 13.7k $381.0k | Reduced -317 |
| MADDEN SECURITIES Corp 0.13% of their portfolio | 13.4k $372.8k | Added +500 |
| PEAPACK GLADSTONE FINANCIAL CORP 0.01% of their portfolio | 13.2k $367.0k | Added +2.7k |
| BAKER TILLY WEALTH MANAGEMENT, LLC 0.13% of their portfolio | 12.7k $353.2k | Added +313 |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 12.2k $339.0k | Added +98 |
| PENN DAVIS MCFARLAND INC 0.04% of their portfolio | 11.7k $325.0k | Unchanged |
| N.E.W. Advisory Services LLC 0.03% of their portfolio | 11.6k $323.1k | Unchanged |
| Essex Financial Services, Inc. 0.02% of their portfolio | 11.2k $313.3k | Unchanged |
| One Charles Private Wealth Services, LLC 0.09% of their portfolio | 11.0k $306.0k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 10.8k $301.3k | Added +1.6k |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 10.8k $300.9k | Reduced -215 |
| Clarity Financial LLC 0.03% of their portfolio | 10.5k $293.1k | Unchanged |
| Cetera Investment Advisers 0.00% of their portfolio | 10.5k $292.9k | New |
| OneDigital Investment Advisors LLC 0.00% of their portfolio | 10.5k $291.5k | Added +259 |
| HOWLAND CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 10.3k $285.8k | Unchanged |
| FLAGSHIP HARBOR ADVISORS, LLC 0.01% of their portfolio | 10.1k $281.1k | Added +507 |
| Focus Partners Wealth 0.00% of their portfolio | 9.8k $273.6k | New |
| Creative Planning 0.00% of their portfolio | 9.7k $270.6k | Reduced -810 |
| SAX WEALTH ADVISORS, LLC 0.02% of their portfolio | 9.7k $268.8k | Unchanged |
| EIGHT 31 FINANCIAL, LLC 0.18% of their portfolio | 9.5k $265.4k | Added +234 |
| KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio | 9.1k $252.3k | Reduced -114 |
| Argent Trust Co 0.01% of their portfolio | 9.0k $250.7k | New |
| Apollon Wealth Management, LLC 0.00% of their portfolio | 8.9k $248.8k | Added +306 |
| Fiduciary Trust Co 0.00% of their portfolio | 8.8k $243.8k | Unchanged |
| Compound Planning, Inc. 0.01% of their portfolio | 8.7k $241.7k | Added +356 |
| Pathstone Holdings, LLC 0.00% of their portfolio | 8.5k $236.3k | Unchanged |
| Choate Investment Advisors 0.01% of their portfolio | 8.4k $234.5k | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 7.8k $217.5k | New |
| Corient Private Wealth LP 0.00% of their portfolio | 7.7k $213.5k | Added +75 |
| ROBOTTI ROBERT 0.04% of their portfolio | 7.5k $209.6k | Unchanged |
| Towerpoint Wealth, LLC 0.09% of their portfolio | 7.5k $209.4k | Added +185 |