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 ($835.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.25. Options: 3 managers hold calls ($792.9k notional), 5 hold puts ($2.0m).
Trends to Q2 2026
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 |
| Q3 2025 | 136 |
| Q4 2025 | 137 |
| Q1 2026 | 149 |
| Q2 2026 | 153 |
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 2024 | 45 | 34 |
| Q4 2024 | 56 | 37 |
| Q1 2025 | 64 | 40 |
| Q2 2025 | 67 | 44 |
| Q3 2025 | 45 | 60 |
| Q4 2025 | 64 | 44 |
| Q1 2026 | 71 | 33 |
| Q2 2026 | 61 | 41 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $3.7m | $887.1k | 0.24 |
| Q4 2025 | $699.9k | $1.6m | 2.30 |
| Q1 2026 | $1.3m | $953.9k | 0.76 |
| Q2 2026 | $792.9k | $2.0m | 2.55 |
Biggest buyers
| Turtle Creek Wealth Advisors, LLC | New | +842.2k |
| Pathstone Holdings, LLC | Added | +351.0k |
| Freestone Capital Holdings, LLC | Added | +119.1k |
| JANE STREET GROUP, LLC | Added | +113.4k |
| CITADEL ADVISORS LLC | Added | +95.0k |
| GOLDMAN SACHS GROUP INC | Added | +72.5k |
| MAI Capital Management | Added | +31.0k |
| GLOBAL STRATEGIC MANAGEMENT INC | New | +27.1k |
| UBS Group AG | Added | +24.0k |
| Adams Asset Advisors, LLC | Added | +22.7k |
Biggest sellers
| MORGAN STANLEY | Reduced | -739.2k |
| ArchPoint Investors | Reduced | -185.7k |
| Delta Investment Management, LLC | Reduced | -108.6k |
| Kingsview Wealth Management, LLC | Reduced | -29.3k |
| GLENMEDE TRUST CO NA | Reduced | -27.3k |
| Jump Financial, LLC | Sold out | -26.9k |
| Autumn Glory Partners, LLC | Reduced | -26.0k |
| &PARTNERS | Reduced | -23.2k |
| KESTRA PRIVATE WEALTH SERVICES, LLC | Sold out | -18.2k |
| Meixler Investment Management, Ltd. | Reduced | -15.7k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $505.0k20.0k shares |
| JANE STREET GROUP, LLC | New | $275.2k10.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $12.6k500 shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $1.1m42.1k shares |
| CITADEL ADVISORS LLC | Added | $439.4k17.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $416.6k16.5k shares |
| GROUP ONE TRADING LLC | Added | $75.8k3.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $25.2k1.0k 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 since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 1 | $104.9k | 0 | — | — |
| Q1 2025 | 1 | $100.0k | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 1 | $102.3k | 0 | — | — |
| Q4 2025 | 4 | $353.2k | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 1 | $107.1k | 0 | — | — |
| Q3 2026 | 1 | $147.1k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-19 | MORIYAMA LESLIE A Chief Financial Officer | Bought | $147.1k5.2k shares |
| 2026-06-01 | DORCHESTER MINERALS OPERATING LP Entity Under Common Control | Bought plan | $206.7k7.5k shares |
| 2026-05-20 | DORCHESTER MINERALS OPERATING LP Entity Under Common Control | Bought plan | $212.3k7.5k shares |
| 2026-05-12 | EHRMAN BRADLEY J Chief Executive Officer | Bought | $107.1k4.0k 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 2026
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.00% of their portfolio | 1.0m $26.2m | Reduced -739.2k |
| Adams Asset Advisors, LLC 2.61% of their portfolio | 910.9k $23.0m | Added +22.7k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.24% of their portfolio | 852.7k $21.5m | Reduced -7.6k |
| Turtle Creek Wealth Advisors, LLC 1.12% of their portfolio | 842.2k $21.3m | New |
| Hollow Brook Wealth Management LLC 4.03% of their portfolio | 803.0k $20.3m | Unchanged |
| MidFirst Bank 0.90% of their portfolio | 500.7k $12.6m | Added +6.6k |
| Meixler Investment Management, Ltd. 5.15% of their portfolio | 369.0k $9.3m | Reduced -15.7k |
| Pathstone Holdings, LLC 0.03% of their portfolio | 359.5k $9.1m | Added +351.0k |
| ROYCE & ASSOCIATES LP 0.07% of their portfolio | 338.6k $8.6m | Unchanged |
| ArchPoint Investors 1.68% of their portfolio | 314.2k $7.9m | Reduced -185.7k |
| Freestone Capital Holdings, LLC 0.20% of their portfolio | 306.1k $7.7m | Added +119.1k |
| NATIXIS 0.03% of their portfolio | 234.4k $5.9m | Unchanged |
| Texas Yale Capital Corp. 0.12% of their portfolio | 213.0k $5.4m | Added +5.5k |
| Delta Investment Management, LLC 0.73% of their portfolio | 176.4k $4.5m | Reduced -108.6k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 169.4k $4.3m | Reduced -3.6k |
| &PARTNERS 0.02% of their portfolio | 164.0k $4.1m | Reduced -23.2k |
| ING GROEP NV 0.02% of their portfolio | 150.5k $3.8m | Added +19.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 148.9k $3.8m | Added +100 |
| Kingsview Wealth Management, LLC 0.04% of their portfolio | 142.0k $3.6m | Reduced -29.3k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 137.2k $3.5m | Added +113.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 134.6k $3.4m | Added +12.0k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 128.2k $3.2m | Added +95.0k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 128.1k $3.2m | Added +2.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 127.6k $3.2m | Added +72.5k |
| GraniteShares Advisors LLC 2.05% of their portfolio | 126.4k $3.2m | Added +16.6k |
| HRT FINANCIAL LP 0.01% of their portfolio | 109.5k $2.8m | Added +14.0k |
| Geneos Wealth Management Inc. 0.06% of their portfolio | 107.1k $2.7m | Reduced -2.2k |
| UBS Group AG 0.00% of their portfolio | 106.7k $2.7m | Added +24.0k |
| LPL Financial LLC 0.00% of their portfolio | 84.4k $2.1m | Added +3.6k |
| Independent Advisor Alliance 0.05% of their portfolio | 83.5k $2.1m | Reduced -1.4k |
| Moors & Cabot, Inc. 0.08% of their portfolio | 78.1k $2.0m | Reduced -4.6k |
| EVERETT HARRIS & CO /CA/ 0.02% of their portfolio | 77.4k $2.0m | Unchanged |
| Inscription Capital, LLC 0.17% of their portfolio | 75.0k $1.9m | Unchanged |
| RESOLUTE CAPITAL, LLC 0.61% of their portfolio | 69.9k $1.8m | Added +14.2k |
| Canton Hathaway, LLC 0.31% of their portfolio | 64.9k $1.6m | Reduced -1.8k |
| Beacon Pointe Advisors, LLC 0.01% of their portfolio | 60.0k $1.5m | Reduced -6.8k |
| MCDANIEL TERRY & CO 0.10% of their portfolio | 52.4k $1.3m | Unchanged |
| Burford Brothers, Inc. 0.48% of their portfolio | 51.8k $1.3m | Added +21.9k |
| HOWARD FINANCIAL SERVICES, LTD. 0.13% of their portfolio | 51.6k $1.3m | Added +6 |
| Community Bank, N.A. 0.14% of their portfolio | 50.0k $1.3m | Unchanged |
| Cresset Asset Management, LLC 0.00% of their portfolio | 43.0k $1.1m | Unchanged |
| Mraz, Amerine & Associates, Inc. 0.15% of their portfolio | 42.5k $1.1m | Reduced -180 |
| Americana Partners, LLC 0.02% of their portfolio | 41.0k $1.0m | Reduced -15.1k |
| Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. 0.12% of their portfolio | 39.3k $991.3k | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 37.7k $952.8k | Reduced -8.6k |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 34.2k $862.8k | Added +21.6k |
| MAI Capital Management 0.00% of their portfolio | 33.4k $844.2k | Added +31.0k |
| Highlander Partners, L.P. 0.28% of their portfolio | 33.1k $835.2k | Unchanged |
| GSA CAPITAL PARTNERS LLP 0.05% of their portfolio | 32.2k $812.0k | Added +13.6k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 30.4k $766.9k | Added +5.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 29.5k $744.2k | Unchanged |
| GLENMEDE TRUST CO NA 0.00% of their portfolio | 27.2k $688.1k | Reduced -27.3k |
| GLOBAL STRATEGIC MANAGEMENT INC 0.53% of their portfolio | 27.1k $687.0k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 26.7k $674.0k | Reduced -1.3k |
| Lee Financial Co 0.09% of their portfolio | 26.6k $671.8k | Unchanged |
| HighTower Advisors, LLC 0.00% of their portfolio | 23.6k $596.3k | Reduced -40 |
| ALBERT D MASON INC 0.33% of their portfolio | 23.1k $584.3k | Added +604 |
| PENN DAVIS MCFARLAND INC 0.05% of their portfolio | 22.5k $568.9k | Unchanged |
| Northside Capital Management, LLC 0.05% of their portfolio | 21.9k $552.0k | Unchanged |
| Garner Asset Management Corp 0.18% of their portfolio | 21.8k $550.5k | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 21.3k $538.6k | Reduced -396 |
| Apollon Wealth Management, LLC 0.01% of their portfolio | 20.8k $526.2k | Added +2.5k |
| BBR PARTNERS, LLC 0.02% of their portfolio | 19.5k $491.3k | Unchanged |
| AMERICAN NATIONAL BANK & TRUST 0.04% of their portfolio | 19.2k $484.5k | Unchanged |
| Redhawk Wealth Advisors, Inc. 0.04% of their portfolio | 17.7k $448.0k | Added +8.1k |
| PEAPACK GLADSTONE FINANCIAL CORP 0.01% of their portfolio | 17.5k $443.0k | Unchanged |
| SageGuard Financial Group, LLC 0.06% of their portfolio | 17.4k $439.0k | Added +51 |
| Lido Advisors, LLC 0.00% of their portfolio | 17.3k $437.5k | Added +938 |
| Foundations Investment Advisors, LLC 0.00% of their portfolio | 16.3k $410.9k | Added +1.8k |
| Penbrook Management LLC 0.26% of their portfolio | 16.2k $409.7k | Unchanged |
| Ulland Investment Advisors, LLC 0.30% of their portfolio | 16.0k $404.0k | Added +14.8k |
| Tidal Investments LLC 0.00% of their portfolio | 15.9k $400.3k | Added +4.1k |
| Amundi 0.00% of their portfolio | 15.5k $392.4k | Unchanged |
| Cetera Investment Advisers 0.00% of their portfolio | 15.5k $392.4k | Added +2.5k |
| 49 WEALTH MANAGEMENT, LLC 0.07% of their portfolio | 15.1k $380.6k | New |
| ALONGSIDE, LLC 0.07% of their portfolio | 15.1k $380.6k | First filing |
| Argent Trust Co 0.01% of their portfolio | 15.0k $378.8k | Added +5.0k |
| Larson Financial Group LLC 0.01% of their portfolio | 14.7k $372.1k | Reduced -9.0k |
| BAKER TILLY WEALTH MANAGEMENT, LLC 0.08% of their portfolio | 14.1k $356.0k | Added +240 |
| Calydon Capital 0.05% of their portfolio | 13.8k $347.7k | Unchanged |
| TRUST CO OF VERMONT 0.01% of their portfolio | 13.8k $347.6k | First filing |
| Mariner, LLC 0.00% of their portfolio | 13.2k $333.4k | New |
| Inspire Advisors, LLC 0.02% of their portfolio | 13.0k $329.3k | Added +3.4k |
| Advisory Services Network, LLC 0.00% of their portfolio | 12.7k $319.4k | Unchanged |
| REXFORD CAPITAL INC 0.19% of their portfolio | 12.5k $314.8k | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 12.1k $304.4k | New |
| O'Brien Greene & Co. Inc 0.08% of their portfolio | 12.0k $303.0k | Unchanged |
| N.E.W. Advisory Services LLC 0.02% of their portfolio | 11.6k $292.9k | Unchanged |
| Fort Sheridan Advisors LLC 0.03% of their portfolio | 11.6k $292.0k | Reduced -346 |
| Essex Financial Services, Inc. 0.01% of their portfolio | 11.2k $283.9k | Unchanged |
| Stonebridge Financial Group, LLC/CA 0.04% of their portfolio | 11.0k $277.0k | First filing |
| One Charles Private Wealth Services, LLC 0.06% of their portfolio | 11.0k $277.3k | Unchanged |
| Savant Capital, LLC 0.00% of their portfolio | 10.9k $275.7k | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 10.8k $272.2k | New |
| Clarity Financial LLC 0.02% of their portfolio | 10.6k $267.1k | Unchanged |
| FLAGSHIP HARBOR ADVISORS, LLC 0.01% of their portfolio | 10.4k $261.7k | Added +160 |
| MGO ONE SEVEN LLC 0.00% of their portfolio | 10.3k $259.2k | Added +426 |
| HOWLAND CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 10.3k $259.0k | Unchanged |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 10.2k $258.3k | Added +3.1k |
| Creative Planning 0.00% of their portfolio | 9.8k $247.8k | Unchanged |