Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Natural Resource Partners LP (NRP)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +11
Streak
2Q ▲
Buyers last Q
64%

Smart Money Signals — NRP

Based on 80 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added NRP 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 (100% of max)

100% of all-time peak
80 hedge funds hold NRP 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.
🚀

Fast accumulation — +27% more funds vs a year ago

fund count last 6Q
+17 new funds entered over the past year (+27% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟢

More buyers than sellers — 64% buying

51 buying29 selling
Last quarter: 51 funds were net buyers (24 opened a brand new position + 27 added to an existing one). Only 29 were sellers (16 trimmed + 13 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+11 vs last Q)

new funds entering per quarter
Funds opening a new NRP position: 7 → 10 → 13 → 24. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

45% of holders stayed for 2+ years

■ 45% conviction (2yr+) ■ 16% medium ■ 39% new
36 out of 80 hedge funds have held NRP 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.
🚀

Acceleration phase — new buyers rushing in

5 → 7 → 10 → 13 → 24 new funds/Q
New funds entering each quarter: 7 → 10 → 13 → 24. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 49% veterans vs 36% newcomers

■ 49% veterans ■ 14% 1-2yr ■ 36% new
Entry-cohort mix of 85 holders: 42 (49%) are 2+ year veterans, 12 entered 1–2 years ago, and 31 (36%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 46% AUM from top-100 funds

46% from top-100 AUM funds
15 of 79 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in NRP. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.3
out of 10
Moderate Exit Risk
Exit risk score 4.3/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 — NRP

In 2026 Q1, 51 hedge funds were net buyers of NRP (24 opened a new position, 27 added to an existing one), while 29 reduced or exited (16 trimmed, 13 sold completely) — a 64% buyer ratio, indicating clear institutional accumulation. Net buying has persisted for two consecutive quarters, a positive momentum signal. 46% of total institutional value in NRP is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +11 funds (more new holders than closures). Total institutional holders: 80.

Hedge Fund Ownership: NRP

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

Market Analysis: NRP

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NRP

-- --

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

Is It Too Late to Buy Natural Resource Partners LP (NRP) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NRP 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 · 79d ago
NRP
-16.2%
XLE
-10.8%

NRP outperformed XLE by -5.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 34d ago
NRP
-4.5%
XLE
-8.0%

Since the filing became public, NRP outperformed XLE by +3.5% .

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.

4 top-rated funds 4 high-conviction
Consensus
3.0
/ 10
breadth
×
Elite
3.3
/ 10
conviction
Hedge Fund Positioning: NRP
80 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 80 69 15.94%
13F Shares 5M 5M 0.8%
Total Value $579M $513M 12.73%
New Positions 24 13 +11
Increased Positions 26 22 +4
Closed Positions 13 8 +5
Reduced Positions 14 17 -3
Total Calls 3 3 -
Total Puts 3 3 -
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: NRP

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Financial Highlights

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Institutional Holders (2026 Q1)

80 + investors

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

QUARTER:
Top 25 NRP holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Saber Capital Managment, LLC 18.82% 209,467 $25.3M
2 Meixler Investment Management, Ltd. 6.14% 93,192 $11.4M
3 Nitor Capital Management LLC 6.08% 64,209 $7.9M
4 Mountain Lake Investment Management LLC 5.99% 76,673 $9.3M
5 Solidarity Wealth, LLC 5.46% 235,184 $28.5M
6 Oakcliff Capital Partners, LP 5.45% 102,057 $12.3M
7 Ballast Asset Management, LP 4.09% 75,868 $9.2M
8 Long Corridor Asset Management Ltd 2.94% 100,000 $12.1M
9 Progeny 3, Inc. 2.02% 312,523 $37.8M
10 Eschler Asset Management LLP 0.96% 8,000 $968K
11 Bastion Asset Management Inc. 0.72% 19,330 $2.4M
12 Lifetime Wealth Management P.C. 0.37% 5,325 $644K
13 Pekin Hardy Strauss, Inc. 0.33% 25,800 $3.1M
14 Pecaut & CO. 0.32% 8,075 $977K
15 Englebert Financial Advisers, LLC 0.26% 1,862 $225K
16 Stokes Family Office, LLC 0.23% 18,065 $2.2M
17 Arrow Investment Advisors, LLC 0.21% 1,653 $200K
18 O'Brien Greene & Co. Inc 0.15% 4,500 $544K
19 Verdence Capital Advisors LLC 0.15% 21,454 $2.6M
20 ING Groep NV 0.13% 180,400 $21.8M
21 Corient Private Wealth LLC 0.11% 613,072 $74.2M
22 Hyperion Capital Advisors LP 0.10% 1,700 $206K
23 Mizuho Markets Americas LLC 0.08% 25,400 $3.1M
24 Horizon Kinetics Asset Management LLC 0.08% 57,871 $7.0M
25 Prelude Capital Management, LLC 0.07% 8,102 $980K
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 — Natural Resource Partners LP (NRP)

What does the Smart Money Trend signal show for NRP?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added NRP 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 NRP?

More buyers than sellers — 64% buying: Last quarter: 51 funds were net buyers (24 opened a brand new position + 27 added to an existing one). Only 29 were sellers (16 trimmed + 13 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for NRP holders?

Elite ownership — 46% AUM from top-100 funds: 15 of 79 holders are among the 100 largest funds by AUM, controlling 46% of total institutional value in NRP. 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 NRP?

45% of holders stayed for 2+ years: 36 out of 80 hedge funds have held NRP 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 Natural Resource Partners LP (NRP) following the 2026 Q1 hedge fund 13F filings?

As of today, NRP has moved -4.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to -8.0% for the XLE sector ETF — an outperformance of +3.5%. Since the quarter end (March 31, 2026), NRP has gained -16.2% 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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