Vault-13

DORCHESTER MINERALS LP DMLP

COM UNIT · MLP · CUSIP 25820R105

148 institutional holders +4 vs Q1 2025
8,171,5418.2m shares reported held*
$227.7mreported value*
19 new 48 added 28 reduced 16 sold out net sold ≈ $2.8m (-94.0k 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 ($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

050100150Q3 22: 88Q4 22: 110Q1 23: 107Q2 23: 114Q3 23: 113Q4 23: 115Q1 24: 129Q2 24: 125Q3 24: 128Q4 24: 139Q1 25: 144Q2 25: 148148Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202288
Q4 2022110
Q1 2023107
Q2 2023114
Q3 2023113
Q4 2023115
Q1 2024129
Q2 2024125
Q3 2024128
Q4 2024139
Q1 2025144
Q2 2025148

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q3 23: 40 bought or addedQ3 23: 34 cut or sold outQ4 23: 39 bought or addedQ4 23: 38 cut or sold outQ4 23Q1 24: 59 bought or addedQ1 24: 40 cut or sold outQ2 24: 36 bought or addedQ2 24: 39 cut or sold outQ2 24Q3 24: 45 bought or addedQ3 24: 34 cut or sold outQ4 24: 56 bought or addedQ4 24: 37 cut or sold outQ4 24Q1 25: 64 bought or addedQ1 25: 40 cut or sold outQ2 25: 67 bought or addedQ2 25: 44 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20234034
Q4 20233938
Q1 20245940
Q2 20243639
Q3 20244534
Q4 20245637
Q1 20256440
Q2 20256744

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ3 24 calls: $3.2mQ3 24 puts: $1.5mQ3 24P/C 0.48Q4 24 calls: $3.6mQ4 24 puts: $1.5mQ4 24P/C 0.41Q1 25 calls: $3.0mQ1 25 puts: $1.6mQ1 25P/C 0.55Q2 25 calls: $2.0mQ2 25 puts: $999.8kQ2 25P/C 0.50
Numbers
QuarterCallsPutsP/C
Q3 2024$3.2m$1.5m0.48
Q4 2024$3.6m$1.5m0.41
Q1 2025$3.0m$1.6m0.55
Q2 2025$2.0m$999.8k0.50

Biggest buyers

ROYAL BANK OF CANADA Added +73,862+73.9k
JANE STREET GROUP, LLC New +66,574+66.6k
Adams Asset Advisors, LLC Added +57,600+57.6k
ING GROEP NV New +57,100+57.1k
Texas Yale Capital Corp. Added +51,200+51.2k
Beacon Pointe Advisors, LLC New +40,809+40.8k
BANK OF AMERICA CORP /DE/ Added +31,344+31.3k
Round Rock Advisors LLC Added +30,664+30.7k
HRT FINANCIAL LP Added +30,343+30.3k
Inscription Capital, LLC Added +25,500+25.5k

Biggest sellers

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sold out -411,908-411.9k
CITADEL ADVISORS LLC Reduced -51,977-52.0k
MORGAN STANLEY Reduced -44,509-44.5k
Kingsview Wealth Management, LLC Reduced -30,920-30.9k
CAPITAL ADVISORY GROUP ADVISORY SERVICES, LLC Sold out -26,520-26.5k
Garner Asset Management Corp Sold out -21,803-21.8k
Virtu Financial LLC Sold out -21,774-21.8k
Tidal Investments LLC Sold out -16,835-16.8k
Cambridge Investment Research Advisors, Inc. Sold out -14,796-14.8k
ROYCE & ASSOCIATES LP Reduced -14,235-14.2k

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)

BuyingSelling
202Q3 23: 0 buyingQ3 23: 0 sellingQ4 23: 2 buyingQ4 23: 0 sellingQ4 23Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 2 buyingQ2 24: 0 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 1 buyingQ4 24: 0 sellingQ4 24Q1 25: 1 buyingQ1 25: 0 sellingQ2 25: 0 buyingQ2 25: 0 sellingQ2 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20230—0——
Q4 20232$350.1k0——
Q1 20240—0——
Q2 20242$159.7k0——
Q3 20240—0——
Q4 20241$104.9k0——
Q1 20251$100.0k0——
Q2 20250—0——
DateInsiderTradeSharesPrice ValueTheir holding
2025-04-30 DORCHESTER MINERALS OPERATING LP Entity Under Common Control Bought plan 10,000 $28.76 $287.6k10.0k shares +21%

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 975,833975.8k $27.2m $27.2m 0.00% Reduced -44.5k -44,509
2 HORIZON KINETICS ASSET MANAGEMENT LLC 0.30% of their portfolio NEW YORK, NY 916,849916.8k $25.5m $25.5m 0.30% Added +4.4k +4,386
3 Adams Asset Advisors, LLC 2.42% of their portfolio DALLAS, TX 617,108617.1k $17.2m $17.2m 2.42% Added +57.6k +57,600
4 ArchPoint Investors 4.42% of their portfolio CORAL GABLES, FL 539,559539.6k $15.0m $15.0m 4.42% Reduced -1.7k -1,700
5 ROYCE & ASSOCIATES LP 0.12% of their portfolio New York, NY 418,374418.4k $11.7m $11.7m 0.12% Reduced -14.2k -14,235
6 Meixler Investment Management, Ltd. 7.93% of their portfolio SHOW LOW, AZ 413,323413.3k $11.5m $11.5m 7.93% Reduced -268 -268
7 Round Rock Advisors LLC 1.49% of their portfolio WILTON, CT 309,817309.8k $8.6m $8.6m 1.49% Added +30.7k +30,664
8 Delta Investment Management, LLC 1.58% of their portfolio SAN FRANCISCO, CA 294,260294.3k $8.2m $8.2m 1.58% Reduced -5.8k -5,838
9 NATIXIS 0.03% of their portfolio PARIS, I0 240,600240.6k $6.7m $6.7m 0.03% Reduced -2.6k -2,600
10 Kingsview Wealth Management, LLC 0.10% of their portfolio GRANTS PASS, OR 206,385206.4k $5.7m $5.7m 0.10% Reduced -30.9k -30,920
11 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 183,697183.7k $5.1m $5.1m 0.00% Added +31.3k +31,344
12 Texas Yale Capital Corp. 0.16% of their portfolio ST. PETERSBURG, FL 173,150173.2k $4.8m $4.8m 0.16% Added +51.2k +51,200
13 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 163,577163.6k $4.6m $4.6m 0.00% Reduced -7.1k -7,132
14 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 148,332148.3k $4.1m $4.1m 0.00% Added +73.9k +73,862
15 &PARTNERS 0.03% of their portfolio NASHVILLE, TN 122,809122.8k $3.4m $3.4m 0.03% Added +5.5k +5,460
16 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 97,03897.0k $2.7m $2.7m 0.00% Reduced -52.0k -51,977
17 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 91,62791.6k $2.6m $2.6m 0.00% Added +1.6k +1,650
18 Moors & Cabot, Inc. 0.11% of their portfolio BOSTON, MA 85,40085.4k $2.4m $2.4m 0.11% Added +550 +550
19 GraniteShares Advisors LLC 1.42% of their portfolio NEW YORK, NY 83,20583.2k $2.3m $2.3m 1.42% Added +5.2k +5,203
20 EVERETT HARRIS & CO /CA/ 0.03% of their portfolio LOS ANGELES, CA 83,10983.1k $2.3m $2.3m 0.03% Unchanged
21 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 77,06577.1k $2.1m $2.1m 0.01% Added +30.3k +30,343
22 Independent Advisor Alliance 0.06% of their portfolio CHARLOTTE, NC 74,20074.2k $2.1m $2.1m 0.06% Added +3.9k +3,850
23 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 66,57466.6k $1.9m $1.9m 0.00% New
24 Inscription Capital, LLC 0.27% of their portfolio HOUSTON, TX 66,00066.0k $1.8m $1.8m 0.27% Added +25.5k +25,500
25 Canton Hathaway, LLC 0.37% of their portfolio PROVIDENCE, RI 64,74064.7k $1.8m $1.8m 0.37% Added +100 +100
26 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 63,81063.8k $1.8m $1.8m 0.00% Added +3.5k +3,473
27 ING GROEP NV 0.01% of their portfolio AMSTERDAM, P7 57,10057.1k $1.6m $1.6m 0.01% New
28 MCDANIEL TERRY & CO 0.12% of their portfolio AUSTIN, TX 52,42352.4k $1.5m $1.5m 0.12% Unchanged
29 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 51,76551.8k $1.4m $1.4m 0.00% Added +16.1k +16,081
30 Community Bank, N.A. 0.18% of their portfolio DeWitt, NY 50,01050.0k $1.4m $1.4m 0.18% Unchanged
31 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 49,22949.2k $1.4m $1.4m 0.00% Added +354 +354
32 Concorde Financial Corp 0.75% of their portfolio DALLAS, TX 45,75145.8k $1.3m $1.3m 0.75% Reduced -3.4k -3,400
33 Mraz, Amerine & Associates, Inc. 0.20% of their portfolio Modesto, CA 44,51944.5k $1.2m $1.2m 0.20% Reduced -474 -474
34 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 44,05144.1k $1.2m $1.2m 0.00% Added +4.7k +4,656
35 Cresset Asset Management, LLC 0.01% of their portfolio Chicago, IL 42,97843.0k $1.2m $1.2m 0.01% Unchanged
36 Beacon Pointe Advisors, LLC 0.01% of their portfolio NEWPORT BEACH, CA 40,80940.8k $1.1m $1.1m 0.01% New
37 O'Brien Greene & Co. Inc 0.37% of their portfolio MEDIA, PA 40,61840.6k $1.1m $1.1m 0.37% Added +9.0k +9,000
38 UBS Group AG 0.00% of their portfolio ZURICH, V8 39,22039.2k $1.1m $1.1m 0.00% Added +11.1k +11,056
39 Burford Brothers, Inc. 0.46% of their portfolio DALLAS, TX 36,21036.2k $1.0m $1.0m 0.46% Reduced -5.9k -5,862
40 HOWARD FINANCIAL SERVICES, LTD. 0.13% of their portfolio DALLAS, TX 34,19134.2k $952.6k $952.6k 0.13% Added +7 +7
41 Americana Partners, LLC 0.03% of their portfolio Houston, TX 33,30633.3k $927.9k $927.9k 0.03% Added +500 +500
42 Highlander Partners, L.P. 0.35% of their portfolio DALLAS, TX 33,07733.1k $921.5k $921.5k 0.35% Unchanged
43 Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. 0.14% of their portfolio FORT WORTH, TX 29,51029.5k $822.2k $822.2k 0.14% Reduced -11.2k -11,250
44 Penbrook Management LLC 0.31% of their portfolio NEW YORK, NY 28,57528.6k $828.4k $828.4k 0.31% Added +14.0k +14,025
45 Requisite Capital Management, LLC 0.17% of their portfolio DALLAS, TX 28,00028.0k $780.1k $780.1k 0.17% Unchanged
46 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 25,31725.3k $705.3k $705.3k 0.00% Reduced -2.3k -2,281
47 Lee Financial Co 0.10% of their portfolio Dallas, TX 24,60524.6k $685.5k $685.5k 0.10% Unchanged
48 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 23,09223.1k $643.4k $643.4k 0.00% Reduced -1.4k -1,378
49 Freestone Capital Holdings, LLC 0.02% of their portfolio Seattle, WA 22,50022.5k $626.9k $626.9k 0.02% Reduced -9.1k -9,060
50 Northside Capital Management, LLC 0.05% of their portfolio Hood River, OR 21,86021.9k $609.0k $609.0k 0.05% Unchanged
51 ALBERT D MASON INC 0.43% of their portfolio BOSTON, MA 21,44121.4k $597.3k $597.3k 0.43% Reduced -258 -258
52 AMERICAN NATIONAL BANK & TRUST 0.06% of their portfolio WICHITA FALLS, TX 21,24121.2k $591.8k $591.8k 0.06% Unchanged
53 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 20,84820.8k $580.8k $580.8k 0.00% Reduced -11.9k -11,860
54 CWM, LLC 0.00% of their portfolio OMAHA, NE 20,54120.5k $572.0k $572.0k 0.00% Added +19.5k +19,451
55 BBR PARTNERS, LLC 0.03% of their portfolio NEW YORK, NY 19,45619.5k $542.0k $542.0k 0.03% Unchanged
56 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 19,33019.3k $538.5k $538.5k 0.00% Added +9.3k +9,275
57 State of Tennessee, Department of Treasury 0.00% of their portfolio NASHVILLE, TN 18,08818.1k $503.9k $503.9k 0.00% Reduced -8.5k -8,519
58 Calydon Capital 0.05% of their portfolio MEMPHIS, TN 17,58717.6k $501.6k $501.6k 0.05% Reduced -9 -9
59 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 17,49217.5k $487.3k $487.3k 0.00% New
60 Advisory Services Network, LLC 0.01% of their portfolio ATLANTA, GA 17,35017.4k $475.4k $475.4k 0.01% New
61 Autumn Glory Partners, LLC 0.21% of their portfolio DALLAS, TX 16,00016.0k $445.8k $445.8k 0.21% New
62 TABLEAUX LLC 0.26% of their portfolio STOCKBRIDGE, MA 15,96416.0k $444.8k $444.8k 0.26% Added +6.4k +6,427
63 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 15,76115.8k $439.1k $439.1k 0.00% Added +2.0k +2,035
64 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 15,65015.7k $436.0k $436.0k 0.00% Unchanged
65 WEALTHEDGE INVESTMENT ADVISORS, LLC 0.17% of their portfolio NEW YORK, NY 14,79114.8k $412.1k $412.1k 0.17% Added +956 +956
66 Glenmede Investment Management, LP 0.00% of their portfolio PHILADELPHIA, PA 14,50214.5k $404.0k $404.0k 0.00% First filing
67 REXFORD CAPITAL INC 0.33% of their portfolio BELLAIRE, TX 14,10214.1k $392.9k $392.9k 0.33% First filing
68 Fort Sheridan Advisors LLC 0.05% of their portfolio HIGHLAND PARK, IL 13,79413.8k $384.3k $384.3k 0.05% Reduced -2.3k -2,322
69 TRUST CO OF VERMONT 0.02% of their portfolio BRATTLEBORO, VT 13,76613.8k $383.5k $383.5k 0.02% Reduced -695 -695
70 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 13,69113.7k $381.0k $381.0k 0.00% Reduced -317 -317
71 MADDEN SECURITIES Corp 0.13% of their portfolio DALLAS, TX 13,38213.4k $372.8k $372.8k 0.13% Added +500 +500
72 PEAPACK GLADSTONE FINANCIAL CORP 0.01% of their portfolio BEDMINSTER, NJ 13,18213.2k $367.0k $367.0k 0.01% Added +2.7k +2,700
73 BAKER TILLY WEALTH MANAGEMENT, LLC 0.13% of their portfolio MADISON, WI 12,67612.7k $353.2k $353.2k 0.13% Added +313 +313
74 MACQUARIE GROUP LTD 0.00% of their portfolio Sydney, NSW 2000, C3 12,15412.2k $339.0k $339.0k 0.00% Added +98 +98
75 PENN DAVIS MCFARLAND INC 0.04% of their portfolio DALLAS, TX 11,66511.7k $325.0k $325.0k 0.04% Unchanged
76 N.E.W. Advisory Services LLC 0.03% of their portfolio DE PERE, WI 11,59911.6k $323.1k $323.1k 0.03% Unchanged
77 Essex Financial Services, Inc. 0.02% of their portfolio ESSEX, CT 11,24411.2k $313.3k $313.3k 0.02% Unchanged
78 One Charles Private Wealth Services, LLC 0.09% of their portfolio HINGHAM, MA 10,98311.0k $306.0k $306.0k 0.09% Unchanged
79 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 10,81510.8k $301.3k $301.3k 0.00% Added +1.6k +1,570
80 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 10,80010.8k $300.9k $300.9k 0.00% Reduced -215 -215
81 Clarity Financial LLC 0.03% of their portfolio Houston, TX 10,52010.5k $293.1k $293.1k 0.03% Unchanged
82 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 10,51310.5k $292.9k $292.9k 0.00% New
83 OneDigital Investment Advisors LLC 0.00% of their portfolio OVERLAND PARK, KS 10,46410.5k $291.5k $291.5k 0.00% Added +259 +259
84 HOWLAND CAPITAL MANAGEMENT LLC 0.01% of their portfolio BOSTON, MA 10,25710.3k $285.8k $285.8k 0.01% Unchanged
85 FLAGSHIP HARBOR ADVISORS, LLC 0.01% of their portfolio BOSTON, MA 10,09010.1k $281.1k $281.1k 0.01% Added +507 +507
86 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 9,8209.8k $273.6k $273.6k 0.00% New
87 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 9,7139.7k $270.6k $270.6k 0.00% Reduced -810 -810
88 SAX WEALTH ADVISORS, LLC 0.02% of their portfolio PARSIPPANY, NJ 9,6509.7k $268.8k $268.8k 0.02% Unchanged
89 EIGHT 31 FINANCIAL, LLC 0.18% of their portfolio MIDLAND, TX 9,5289.5k $265.4k $265.4k 0.18% Added +234 +234
90 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 9,0579.1k $252.3k $252.3k 0.00% Reduced -114 -114
91 Argent Trust Co 0.01% of their portfolio NASHVILLE, TN 9,0009.0k $250.7k $250.7k 0.01% New
92 Apollon Wealth Management, LLC 0.00% of their portfolio MOUNT PLEASANT, SC 8,9298.9k $248.8k $248.8k 0.00% Added +306 +306
93 Fiduciary Trust Co 0.00% of their portfolio Boston, MA 8,7508.8k $243.8k $243.8k 0.00% Unchanged
94 Compound Planning, Inc. 0.01% of their portfolio NEW YORK, NY 8,6748.7k $241.7k $241.7k 0.01% Added +356 +356
95 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 8,4808.5k $236.3k $236.3k 0.00% Unchanged
96 Choate Investment Advisors 0.01% of their portfolio BOSTON, MA 8,4188.4k $234.5k $234.5k 0.01% Unchanged
97 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 7,8087.8k $217.5k $217.5k 0.00% New
98 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 7,6627.7k $213.5k $213.5k 0.00% Added +75 +75
99 ROBOTTI ROBERT 0.04% of their portfolio NEW YORK, NY 7,5257.5k $209.6k $209.6k 0.04% Unchanged
100 Towerpoint Wealth, LLC 0.09% of their portfolio SACRAMENTO, CA 7,5147.5k $209.4k $209.4k 0.09% Added +185 +185