Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Natural Resource Partners LP (NRP)

75 + 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
↓ -4
Streak
1Q ▼
Buyers last Q
47%

Smart Money Signals — NRP

Based on 76 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their NRP positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (95% of max)

95% of all-time peak
76 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.
📶

Steady growth — +17% more funds vs a year ago

fund count last 6Q
+11 new funds entered over the past year (+17% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟠

More sellers than buyers — 47% buying

34 buying38 selling
Last quarter: 38 funds reduced or exited vs 34 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-15 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 10 → 13 → 24 → 9. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

51% of holders stayed for 2+ years

■ 51% conviction (2yr+) ■ 16% medium ■ 33% new
39 out of 76 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.
💎

Buying through price weakness — shares +1%, value -19%

Value
-19%
Shares
+1%
Last quarter: funds added +1% more shares while total portfolio value only changed -19%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~9 new funds/quarter

7 → 10 → 13 → 24 → 9 new funds/Q
New funds entering each quarter: 10 → 13 → 24 → 9. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 57% veterans vs 33% newcomers

■ 57% veterans ■ 11% 1-2yr ■ 33% new
Entry-cohort mix of 83 holders: 47 (57%) are 2+ year veterans, 9 entered 1–2 years ago, and 27 (33%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 49% AUM from top-100 funds

49% from top-100 AUM funds
15 of 76 holders are among the 100 largest funds by AUM, controlling 49% 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.
4.1
out of 10
Moderate Exit Risk
Exit risk score 4.1/10 — 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 Q2, 34 hedge funds were net buyers of NRP (9 opened a new position, 25 added to an existing one), while 38 reduced or exited (25 trimmed, 13 sold completely) — a 47% buyer ratio, indicating roughly balanced activity. 49% of total institutional value in NRP is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 76.

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.

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

3 top-rated funds 4 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
3.0
/ 10
conviction
Hedge Fund Positioning: NRP
75 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 75 80 -6.25%
13F Shares 5M 5M 0.78%
Total Value $469M $579M -19.0%
New Positions 9 24 -15
Increased Positions 21 26 -5
Closed Positions 14 13 +1
Reduced Positions 24 14 +10
Total Calls 4 3 33.33%
Total Puts 3 3 -
PUT/CALL Ratio 0.75 1.0 Neutral

Statistics: NRP

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Institutional Holders (2026 Q2)

75 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Saber Capital Managment, LLC 14.20% 215,216 $20.9M
2 Meixler Investment Management, Ltd. 5.23% 97,591 $9.5M
3 Mountain Lake Investment Management LLC 5.16% 85,464 $8.3M
4 Solidarity Wealth, LLC 4.40% 260,480 $25.3M
5 Nitor Capital Management LLC 4.27% 65,213 $6.3M
6 Oakcliff Capital Partners, LP 3.69% 102,057 $9.9M
7 Long Corridor Asset Management Ltd 3.51% 120,000 $11.6M
8 Ballast Asset Management, LP 2.89% 74,806 $7.3M
9 Eschler Asset Management LLP 1.38% 8,000 $776K
10 Progeny 3, Inc. 1.15% 229,463 $22.3M
11 Magnolia Group, LLC 0.77% 37,750 $3.7M
12 Lifetime Wealth Management P.C. 0.29% 5,175 $502K
13 Saber Capital Managment, LLC 0.26% 4,000 $388K
14 Englebert Financial Advisers, LLC 0.24% 2,504 $243K
15 Pecaut & CO. 0.24% 8,075 $783K
16 Pekin Hardy Strauss, Inc. 0.23% 26,740 $2.6M
17 Stokes Family Office, LLC 0.20% 17,465 $1.7M
18 O'Brien Greene & Co. Inc 0.12% 4,500 $436K
19 Verdence Capital Advisors LLC 0.11% 20,756 $2.0M
20 ING Groep NV 0.09% 198,400 $19.2M
21 Corient Private Wealth LP 0.07% 592,072 $57.4M
22 Horizon Kinetics Asset Management LLC 0.07% 60,951 $5.9M
23 Prelude Capital Management, LLC 0.06% 8,102 $786K
24 Inscription Capital, LLC 0.04% 5,000 $485K
25 Mizuho Markets Americas LLC 0.04% 25,400 $2.5M
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?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their NRP positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for NRP?

More sellers than buyers — 47% buying: Last quarter: 38 funds reduced or exited vs 34 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for NRP holders?

Elite ownership — 49% AUM from top-100 funds: 15 of 76 holders are among the 100 largest funds by AUM, controlling 49% 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?

51% of holders stayed for 2+ years: 39 out of 76 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.

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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