Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Black Stone Minerals L P (BSM)

194 + Investors. Track Smart Money conviction in BSM. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
1Q ▲
Buyers last Q
56%

Smart Money Signals — BSM

Based on 195 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added BSM than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (99% of max)

99% of all-time peak
195 hedge funds hold BSM right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +11% more funds vs a year ago

fund count last 6Q
+19 new funds entered over the past year (+11% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 56% buying

77 buying60 selling
Last quarter: 77 funds bought or added vs 60 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~20 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 22 → 26 → 20 → 20. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 21% medium ■ 15% new
124 out of 195 hedge funds have held BSM for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

21 → 22 → 26 → 20 → 20 new funds/Q
New funds entering each quarter: 22 → 26 → 20 → 20. BSM is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 68% veterans vs 20% newcomers

■ 68% veterans ■ 13% 1-2yr ■ 20% new
Entry-cohort mix of 199 holders: 135 (68%) are 2+ year veterans, 25 entered 1–2 years ago, and 39 (20%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 43% AUM from top-100 funds

43% from top-100 AUM funds
21 of 192 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in BSM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BSM

In 2026 Q1, 77 hedge funds were net buyers of BSM (20 opened a new position, 57 added to an existing one), while 60 reduced or exited (44 trimmed, 16 sold completely) — a 56% buyer ratio, indicating a slight buying edge. 43% of total institutional value in BSM is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 195.

Hedge Fund Ownership: BSM

How many hedge funds hold BSM — quarterly history vs. share price
Quarterly hedge fund ownership of BSM vs. share price

Market Analysis: BSM

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BSM

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Black Stone Minerals L P (BSM) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BSM has moved relative to its sector benchmark (XLE) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 80d ago
BSM
nan%
XLE
-10.8%

BSM outperformed XLE by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
BSM
nan%
XLE
-8.0%

Since the filing became public, BSM outperformed XLE by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

11 top-rated funds 5 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
3.6
/ 10
conviction
Hedge Fund Positioning: BSM
194 + Investors

Track Smart Money conviction in BSM. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 194 191 1.57%
13F Shares 45M 40M 11.77%
Total Value $668M $531M 25.75%
New Positions 19 20 -1
Increased Positions 55 61 -6
Closed Positions 16 25 -9
Reduced Positions 43 48 -5
Total Calls 4 4 -
Total Puts 3 3 -
PUT/CALL Ratio 0.75 0.75 Neutral

Statistics: BSM

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Short % of Float --

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Institutional Holders (2026 Q1)

194 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BSM. Verified SEC 13F-HR filings.

QUARTER:
Top 25 BSM holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 William Marsh Rice University 38.81% 5,663,476 $85.6M
2 Investment Management Associates Inc /Adv 6.85% 1,901,002 $28.7M
3 Epacria Capital Partners, LLC 6.80% 580,716 $8.8M
4 Saber Capital Managment, LLC 6.43% 572,399 $8.7M
5 Lummis Asset Management, LP 2.94% 343,843 $4.9M
6 Penn Davis Mcfarland Inc 2.90% 1,959,588 $29.6M
7 Long Corridor Asset Management Ltd 2.84% 772,000 $11.7M
8 Gruss & Co., LLC 2.51% 71,016 $1.1M
9 Mudita Advisors LLP 2.35% 760,877 $11.5M
10 GraniteShares Advisors LLC 1.95% 179,254 $2.7M
11 Gem Investment Advisors, LLC 1.26% 84,632 $1.3M
12 Rare Wolf Capital LLC 1.20% 122,876 $1.9M
13 Rahlfs Capital, LLC 1.11% 100,062 $1.5M
14 Anthracite Investment Company, Inc. 0.58% 88,104 $1.2M
15 Advocate Investing Services LLC 0.56% 43,948 $664K
16 O'Brien Greene & Co. Inc 0.43% 100,000 $1.5M
17 Caldwell Sutter Capital, INC. 0.34% 55,790 $844K
18 Chase Investment Counsel Corp 0.30% 75,577 $1.1M
19 Mraz, Amerine & Associates, Inc. 0.30% 133,651 $2.0M
20 Hill Investment Group Partners, LLC 0.30% 177,487 $2.7M
21 Fiducient Advisors LLC 0.28% 142,237 $2.2M
22 LMG Wealth Partners, LLC 0.28% 101,824 $1.5M
23 Indie Asset Partners, LLC 0.27% 15,500 $234K
24 Board of Trustees of The Leland Stanford Junior University 0.26% 147,852 $2.2M
25 Arrow Investment Advisors, LLC 0.21% 12,793 $193K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Black Stone Minerals L P (BSM)

What does the Smart Money Trend signal show for BSM?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added BSM than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BSM?

Slight buying edge — 56% buying: Last quarter: 77 funds bought or added vs 60 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BSM holders?

Elite ownership — 43% AUM from top-100 funds: 21 of 192 holders are among the 100 largest funds by AUM, controlling 43% of total institutional value in BSM. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held BSM?

64% of holders stayed for 2+ years: 124 out of 195 hedge funds have held BSM for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Black Stone Minerals L P (BSM) following the 2026 Q1 hedge fund 13F filings?

As of today, BSM has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to -8.0% for the XLE sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), BSM has gained nan% vs -10.8% for XLE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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