BSMNYSECrude Petroleum & Natural GasFiscal year ends December 31
Black Stone Minerals, L.P.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$14.82−0.21 (-1.40%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
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- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
19.9%
45M of 227M shares
Institutional holders
200
22 new, 11 sold out
Net institutional buying
2M
In Q2 2026
Insider trades, 12 months
7 buys · 8 sales
Net sold $28.02M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Morgan Stanley | 11,022,504 | 5.20% | 13G (passive) | Aug 6, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of BSM | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Morgan Stanley | 8,899,403 | 3.91% | $124.32M | +627,645 | 0.01% |
| William Marsh Rice University | 5,663,476 | 2.49% | $79.12M | – | 36.09% |
| FMR LLC | 4,518,071 | 1.99% | $63.12M | −19,100 | 0.00% |
| Bank Of America Corp /De/ | 2,080,058 | 0.91% | $29.06M | −27,234 | 0.00% |
| Penn Davis McFarland Inc | 1,958,137 | 0.86% | $27.36M | −1,451 | 2.44% |
| Investment Management Associates Inc /Adv | 1,848,184 | 0.81% | $25.82M | −52,818 | 5.30% |
| Natixis | 1,579,900 | 0.69% | $22.07M | – | 0.09% |
| Ameriprise Financial Inc | 1,181,399 | 0.52% | $16.50M | – | 0.00% |
| Long Corridor Asset Management Ltd | 880,000 | 0.39% | $12.29M | +108,000 | 3.71% |
| Brown Advisory Inc | 870,666 | 0.38% | $12.16M | −7,337 | 0.02% |
| Cambridge Investment Research Advisors, Inc. | 816,260 | 0.36% | $11.40K | +408,805 | 0.01% |
| Mudita Advisors LLP | 760,877 | 0.33% | $10.63M | – | 2.21% |
| Ing Groep Nv | 728,600 | 0.32% | $10.18M | – | 0.05% |
| Fayez Sarofim & Co | 633,364 | 0.28% | $8.85M | – | 0.02% |
| HighTower Advisors, LLC | 630,392 | 0.28% | $8.81M | +13,835 | 0.01% |
| Saber Capital Managment, LLC | 616,921 | 0.27% | $8.62M | +44,522 | 5.86% |
| Cresset Asset Management, LLC | 602,282 | 0.26% | $8.41M | – | 0.03% |
| Epacria Capital Partners, LLC | 580,716 | 0.26% | $8.11M | – | 6.26% |
| Wells Fargo & Company/Mn | 491,892 | 0.22% | $6.87M | +78,223 | 0.00% |
| BlackRock, Inc. | 451,042 | 0.20% | $6.30M | New | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 200 | 45M | 19.9% | 22 / 58 | 47 / 11 | 3M | 1M |
| Q1 2026 | 192 | 44M | 19.1% | 18 / 53 | 43 / 15 | 7M | 3M |
| Q4 2025 | 193 | 41M | 17.9% | 23 / 60 | 49 / 21 | 9M | 3M |
| Q3 2025 | 193 | 35M | 15.2% | 23 / 53 | 56 / 13 | 3M | 3M |
| Q2 2025 | 184 | 34M | 15.1% | 22 / 56 | 38 / 15 | 2M | 1M |
| Q1 2025 | 177 | 34M | 14.8% | 21 / 59 | 39 / 22 | 4M | 3M |
| Q4 2024 | 181 | 33M | 14.7% | 22 / 59 | 38 / 16 | 5M | 2M |
| Q3 2024 | 178 | 31M | 13.6% | 18 / 54 | 46 / 25 | 2M | 3M |
| Q2 2024 | 186 | 32M | 13.9% | 22 / 65 | 38 / 18 | 3M | 11M |
| Q1 2024 | 184 | 39M | 17.1% | 20 / 51 | 53 / 30 | 7M | 2M |
| Q4 2023 | 196 | 35M | 15.3% | 35 / 57 | 47 / 16 | 7M | 2M |
| Q3 2023 | 180 | 30M | 13.0% | 26 / 56 | 39 / 18 | 2M | 4M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of BSM | Value | % of fund | As of |
|---|---|---|---|---|---|
| Fidelity Dividend Growth Fund | 3,854,046 | 1.69% | $57.62M | 0.48% | Jul 31, 2026 |
| Fidelity Capital Appreciation Fund | 637,442 | 0.28% | $9.53M | 0.12% | Jul 31, 2026 |
| Multi-Asset Diversified Income Index Fund | 301,902 | 0.13% | $4.22M | 1.01% | Jun 30, 2026 |
| GraniteShares HIPS U.S. High Income ETF | 206,254 | 0.09% | $2.88M | 2.62% | Jun 30, 2026 |
| Concorde Wealth Management Fund | 100,336 | 0.04% | $1.40M | 3.28% | Jun 30, 2026 |
| Tweedy, Browne Insider + Value ETF | 85,948 | 0.04% | $1.17M | 0.34% | May 31, 2026 |
| LoCorr Spectrum Income Fund | 63,400 | 0.03% | $885.70K | 1.27% | Jun 30, 2026 |
| Global X Alternative Income ETF | 38,160 | 0.02% | $517.45K | 1.17% | May 31, 2026 |
| Spirit Of America Energy Fund | 32,999 | 0.01% | $447.47K | 0.29% | May 31, 2026 |
| First Eagle Global Real Assets Fund | 29,285 | 0.01% | $437.81K | 1.58% | Jul 31, 2026 |
| VIP Dynamic Capital Appreciation Portfolio | 26,583 | 0.01% | $371.36K | 0.11% | Jun 30, 2026 |
| Amplify Energy & Natural Resources Covered Call ETF | 24,910 | 0.01% | $347.99K | 1.34% | Jun 30, 2026 |
| Arrow Dow Jones Global Yield ETF | 17,184 | 0.01% | $256.90K | 0.69% | Jul 31, 2026 |
| Virtus AlphaSimplex Global Alternatives Fund | 2,215 | 0.00% | $30.94K | 0.04% | Jun 30, 2026 |
| Timothy Plan Defensive Strategies Fund | 1,128 | 0.00% | $15.76K | 0.02% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Thomas L. Carter Jr | Executive Chairman, Director | 15,457,747 | 6.80% | May 14, 2026 |
| Fowler Carter | Co-CEO and President, Director | 125,704 | 0.06% | Feb 26, 2026 |
| Taylor DeWalch | Co-CEO and President, Director | 141,369 | 0.06% | Feb 26, 2026 |
| Luke Stevens Putman | SVP, General Counsel, and Sec | 732,031 | 0.32% | May 6, 2026 |
| Chris Bonner | SVP, CFO, and Treasurer | 51,108 | 0.02% | Feb 26, 2026 |
| Erin Leah Phillips | Controller (PAO) | 3,911 | 0.00% | Feb 6, 2026 |
| Carrie Pearson Clark | SVP, Chief Commercial Officer | 165,857 | 0.07% | May 30, 2025 |
| Alexander D. Stuart | Director | 6,576,256 | 2.89% | Aug 19, 2026 |
| James Whitehead | Director | 4,104,569 | 1.80% | Aug 10, 2026 |
| Jerry V. Kyle Jr. | Director | 934,424 | 0.41% | Aug 4, 2026 |
| William E. Randall | Director | 1,962,441 | 0.86% | Jul 2, 2026 |
| Anne Lenoir Hamman | Director | 511,131 | 0.22% | Jul 2, 2026 |
| D. Mark DeWalch | Director | 1,111,643 | 0.49% | Jul 2, 2026 |
| Ashley J. Longmaid | Director | 137,335 | 0.06% | May 13, 2026 |
| Michael C. Linn | Director | 208,150 | 0.09% | Jan 15, 2026 |
| Carin Marcy Barth | Director | 150,210 | 0.07% | Jan 15, 2026 |
| William N. Mathis | Director | 2,271,376 | 1.00% | Oct 7, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Alexander D. Stuart Director | Aug 18, 2026 | Gift | −15,900 | – | – | 2,040,075 |
| James Whitehead Director | Aug 6, 2026 | Sale | −1,628,762 | $13.21 | $21.52M | 646,058 |
| James Whitehead Director | Aug 6, 2026 | Sale | −498,343 | $13.21 | $6.58M | 0 |
| Jerry V. Kyle Jr. Director | Jul 31, 2026 | Other | +7,665 | – | – | 7,665 |
| Anne Lenoir Hamman Director | Jul 2, 2026 | Award | +1,342 | $13.97 | $18.75K | 8,428 |
| William E. Randall Director | Jul 2, 2026 | Award | +1,610 | $13.97 | $22.49K | 193,384 |
| D. Mark DeWalch Director | Jul 2, 2026 | Award | +1,342 | $13.97 | $18.75K | 432,837 |
| Jerry V. Kyle Jr. Director | Jul 2, 2026 | Award | +1,342 | $13.97 | $18.75K | 322,489 |
| Alexander D. Stuart Director | Jul 2, 2026 | Award | +1,700 | $13.97 | $23.75K | 2,055,975 |
| D. Mark DeWalch Director | Jun 1, 2026 | Buy | +36,363 | $13.62 | $495.26K | 631,248 |
| D. Mark DeWalch Director | May 29, 2026 | Buy | +36,363 | $13.48 | $490.17K | 594,885 |
| D. Mark DeWalch Director | May 28, 2026 | Buy | +37,650 | $13.21 | $497.36K | 431,495 |
| Thomas L. Carter Jr Executive Chairman, Director | May 13, 2026 | Buy | +1,120 | $13.50 | $15.12K | 3,682,724 |
| Ashley J. Longmaid Director | May 12, 2026 | Sale | −11,128 | $13.45 | $149.67K | 137,335 |
| Thomas L. Carter Jr Executive Chairman, Director | May 12, 2026 | Buy | +19,154 | $13.48 | $258.20K | 3,681,604 |
| Thomas L. Carter Jr Executive Chairman, Director | May 11, 2026 | Buy | +25,000 | $13.47 | $336.75K | 3,662,450 |
| Thomas L. Carter Jr Executive Chairman, Director | May 8, 2026 | Buy | +23,604 | $13.32 | $314.41K | 3,637,450 |
| Luke Stevens Putman SVP, General Counsel, and Sec | May 5, 2026 | Sale(10b5-1 plan) | −29,386 | $13.75 | $404.06K | 702,645 |
| Luke Stevens Putman SVP, General Counsel, and Sec | Apr 6, 2026 | Sale(10b5-1 plan) | −29,386 | $14.45 | $424.63K | 732,031 |
| Luke Stevens Putman SVP, General Counsel, and Sec | Apr 6, 2026 | Sale | −29,386 | $14.45 | $424.63K | 732,031 |
| Anne Lenoir Hamman Director | Apr 2, 2026 | Award | +473 | $15.12 | $7.15K | 7,086 |
| Jerry V. Kyle Jr. Director | Apr 2, 2026 | Award | +1,240 | $15.12 | $18.75K | 321,147 |
| Alexander D. Stuart Director | Apr 2, 2026 | Award | +1,570 | $15.12 | $23.74K | 2,054,275 |
| D. Mark DeWalch Director | Apr 2, 2026 | Award | +1,240 | $15.12 | $18.75K | 393,845 |
| William E. Randall Director | Apr 2, 2026 | Award | +1,488 | $15.12 | $22.50K | 191,774 |
| Anne Lenoir Hamman Director | Mar 11, 2026 | Award | +6,613 | – | – | 6,613 |
| Luke Stevens Putman SVP, General Counsel, and Sec | Mar 5, 2026 | Sale(10b5-1 plan) | −30,276 | $15.25 | $461.71K | 761,417 |
| Luke Stevens Putman SVP, General Counsel, and Sec | Mar 5, 2026 | Sale(10b5-1 plan) | −30,276 | $15.25 | $461.71K | 761,417 |
| Fowler Carter Co-CEO and President, Director | Feb 24, 2026 | Award | +1,330 | – | – | 125,704 |
| Fowler Carter Co-CEO and President, Director | Feb 24, 2026 | Tax withholding | −325 | $15.23 | $4.95K | 125,379 |
| Luke Stevens Putman SVP, General Counsel, and Sec | Feb 24, 2026 | Award | +68,853 | – | – | 816,995 |
| Luke Stevens Putman SVP, General Counsel, and Sec | Feb 24, 2026 | Tax withholding | −25,302 | $15.23 | $385.35K | 791,693 |
| Taylor DeWalch Co-CEO and President, Director | Feb 24, 2026 | Tax withholding | −478 | $15.23 | $7.28K | 141,369 |
| Taylor DeWalch Co-CEO and President, Director | Feb 24, 2026 | Award | +1,958 | – | – | 141,847 |
| Thomas L. Carter Jr Executive Chairman, Director | Feb 24, 2026 | Award | +136,315 | – | – | 3,667,487 |
| Thomas L. Carter Jr Executive Chairman, Director | Feb 24, 2026 | Tax withholding | −53,641 | $15.23 | $816.95K | 3,613,846 |
| Chris Bonner SVP, CFO, and Treasurer | Feb 24, 2026 | Award | +1,447 | – | – | 51,108 |
| Chris Bonner SVP, CFO, and Treasurer | Feb 24, 2026 | Tax withholding | −430 | $15.23 | $6.55K | 50,678 |
| Chris Bonner SVP, CFO, and Treasurer | Feb 4, 2026 | Award | +42,723 | – | – | 49,661 |
| Thomas L. Carter Jr Executive Chairman, Director | Feb 4, 2026 | Award | +53,404 | – | – | 3,531,172 |
| Taylor DeWalch Co-CEO and President, Director | Feb 4, 2026 | Award | +80,106 | – | – | 139,889 |
| Erin Leah Phillips Controller (PAO) | Feb 4, 2026 | Award | +2,002 | – | – | 3,911 |
| Luke Stevens Putman SVP, General Counsel, and Sec | Feb 4, 2026 | Award | +65,420 | – | – | 748,142 |
| Fowler Carter Co-CEO and President, Director | Feb 4, 2026 | Award | +80,106 | – | – | 124,374 |
| Ashley J. Longmaid Director | Jan 13, 2026 | Award | +14,255 | – | – | 148,463 |
| William E. Randall Director | Jan 13, 2026 | Award | +14,255 | – | – | 190,286 |
| D. Mark DeWalch Director | Jan 13, 2026 | Award | +14,255 | – | – | 392,605 |
| Michael C. Linn Director | Jan 13, 2026 | Award | +14,255 | – | – | 208,150 |
| Carin Marcy Barth Director | Jan 13, 2026 | Award | +14,255 | – | – | 142,447 |
| James Whitehead Director | Jan 13, 2026 | Award | +14,255 | – | – | 51,865 |
| Alexander D. Stuart Director | Jan 13, 2026 | Award | +14,255 | – | – | 2,052,705 |
| Jerry V. Kyle Jr. Director | Jan 13, 2026 | Award | +14,255 | – | – | 319,907 |
| Erin Leah Phillips Controller (PAO) | Jan 7, 2026 | Tax withholding | −211 | $13.38 | $2.82K | 1,909 |
| Chris Bonner SVP, CFO, and Treasurer | Jan 7, 2026 | Tax withholding | −642 | $13.38 | $8.59K | 6,938 |
| Luke Stevens Putman SVP, General Counsel, and Sec | Jan 7, 2026 | Tax withholding | −14,920 | $13.38 | $199.63K | 682,722 |
| Thomas L. Carter Jr Executive Chairman, Director | Jan 7, 2026 | Tax withholding | −34,933 | $13.38 | $467.40K | 3,477,768 |
| Taylor DeWalch Co-CEO and President, Director | Jan 7, 2026 | Tax withholding | −5,458 | $13.38 | $73.03K | 59,783 |
| Fowler Carter Co-CEO and President, Director | Jan 7, 2026 | Tax withholding | −2,511 | $13.38 | $33.60K | 44,268 |
| D. Mark DeWalch Director | Jan 2, 2026 | Award | +1,410 | $13.29 | $18.74K | 378,350 |
| William E. Randall Director | Jan 2, 2026 | Award | +1,537 | $13.29 | $20.43K | 176,031 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Lacy Properties, Ltd. Director | Aug 6, 2026 | 1,628,762 | $21.52M | Aug 6, 2026 | Private Acquisition from Issuer/Affiliate |
| Gathering System Eagle Director | Aug 6, 2026 | 498,343 | $6.58M | Aug 6, 2026 | Private Acquisition from Issuer/Affiliate |
| J. Longmaid Ashley Director | May 12, 2026 | 11,128 | $149.70K | May 12, 2026 | Restricted stock vesting under a registered plan |
| Stevens Putman Luke Officer | May 5, 2026 | 29,386 | $418.46K | May 5, 2026 | Restricted and Performance Stock Units |
| Stevens Putman Luke Officer | Apr 6, 2026 | 29,386 | $430.50K | Apr 6, 2026 | RSA / PSU |
| Stevens Putman Luke Officer | Mar 5, 2026 | 30,276 | $457.77K | Mar 5, 2026 | RSA & PSU |
| P. Clark Carrie Officer | May 29, 2025 | 36,900 | $500.34K | May 29, 2025 | Restricted stock vesting under a registered plan |
| P. Clark Carrie Officer | Aug 26, 2024 | 18,532 | $274.96K | Aug 26, 2024 | Restricted stock vesting under a registered plan |
| Putman Luke Officer | May 4, 2023 | 100,000 | $1.51M | May 4, 2023 | Restricted Stock Units Vested under Issuer S-8 Registered Plan |