LBNYSEOil Royalty TradersFiscal year ends December 31
LandBridge Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$80.05−1.52 (-1.86%)
Close on Oct 19, 2026
- Market cap
- $6.16B
- P/E (TTM)
- 80.9
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
36.9%
28M of 77M shares
Institutional holders
193
34 new, 25 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
3 buys · 8 sales
Net sold $716.43M
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 |
|---|---|---|---|---|
| FMC Group Holdings LP | 6,668,804 | 26.30% | 13G (passive) amendment | Oct 31, 2025 |
| Horizon Kinetics Holding Corp | 5,821,263 | 20.90% | 13G (passive) amendment | Jun 30, 2026 |
| Horizon Kinetics Asset Management LLC | 5,632,113 | 22.20% | 13G (passive) amendment | Sep 9, 2025 |
| Five Point Energy Fund II AIV-VII LP | 53,277,852 | 69.60% | 13D (active) amendment | Dec 19, 2024 |
| First Manhattan Co. LLC. | 4,993,365 | 19.70% | 13G (passive) amendment | Aug 29, 2025 |
| David N. Capobianco | 47,168,908 | 61.40% | 13D (active) amendment | Aug 7, 2026 |
| FMR LLC | 1,970,455 | 8.50% | 13G (passive) amendment | Dec 31, 2024 |
| Abigail P. Johnson | 1,775,450 | 6.40% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of LB | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| First Manhattan Co. LLC. | 7,082,845 | 9.19% | $561.24M | +25,617 | 1.43% |
| Horizon Kinetics Asset Management LLC | 5,821,263 | 7.55% | $461.28M | +164,129 | 5.23% |
| FMR LLC | 1,775,450 | 2.30% | $140.69M | +440,622 | 0.01% |
| T. Rowe Price Investment Management, Inc. | 1,276,671 | 1.66% | $101.16K | New | 0.07% |
| Vanguard Portfolio Management LLC | 1,267,116 | 1.64% | $100.41M | +27,218 | 0.00% |
| William Blair Investment Management, LLC | 1,235,265 | 1.60% | $97.88M | +347,799 | 0.29% |
| Morgan Stanley | 731,836 | 0.95% | $57.99M | −743,991 | 0.00% |
| Schwartz Investment Counsel Inc | 644,716 | 0.84% | $51.09M | +51,825 | 1.70% |
| Hood River Capital Management LLC | 592,619 | 0.77% | $46.96M | −28,456 | 0.34% |
| UBS Group AG | 573,587 | 0.74% | $45.45M | −59,582 | 0.01% |
| Df Dent & Co Inc | 567,536 | 0.74% | $44.97M | +69,729 | 0.85% |
| Two Sigma Investments, LP | 518,850 | 0.67% | $41.11M | −26,627 | 0.03% |
| Cortland Associates Inc/Mo | 384,317 | 0.50% | $30.45M | −14,391 | 4.40% |
| Raymond James Financial Inc | 376,807 | 0.49% | $29.86M | +13,695 | 0.01% |
| Captrust Financial Advisors | 281,951 | 0.37% | $22.34M | +7,392 | 0.03% |
| Mad River Investors | 267,953 | 0.35% | $21.23M | +1,568 | 7.92% |
| Moors & Cabot, Inc. | 251,704 | 0.33% | $19.95M | +27,710 | 0.78% |
| Ashford Capital Management Inc | 234,860 | 0.30% | $18.61M | −13,680 | 2.00% |
| One Charles Private Wealth Services, LLC | 224,152 | 0.29% | $17.76M | −11,613 | 4.09% |
| Wells Fargo & Company/Mn | 222,604 | 0.29% | $17.64M | +34,349 | 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 | 193 | 28M | 36.9% | 34 / 72 | 58 / 25 | 4M | 2M |
| Q1 2026 | 187 | 27M | 35.4% | 60 / 77 | 32 / 20 | 5M | 5M |
| Q4 2025 | 150 | 28M | 36.2% | 34 / 63 | 37 / 37 | 4M | 1M |
| Q3 2025 | 156 | 25M | 32.8% | 30 / 70 | 41 / 30 | 5M | 4M |
| Q2 2025 | 156 | 25M | 32.6% | 33 / 83 | 26 / 21 | 3M | 2M |
| Q1 2025 | 145 | 23M | 30.4% | 42 / 64 | 25 / 20 | 8M | 3M |
| Q4 2024 | 124 | 19M | 25.2% | 84 / 27 | 11 / 16 | 7M | 2M |
| Q3 2024 | 59 | 15M | 19.5% | 42 / 9 | 4 / 19 | 4M | 3M |
| Q2 2024 | 37 | 15M | 18.9% | 37 / 0 | 0 / 0 | 15M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of LB | Value | % of fund | As of |
|---|---|---|---|---|---|
| Horizon Kinetics Inflation Beneficiaries ETF | 1,285,033 | 1.67% | $101.83M | 6.91% | Jun 30, 2026 |
| Vanguard Real Estate Index Fund | 1,059,103 | 1.37% | $82.10M | 0.11% | Jul 31, 2026 |
| Kinetics Paradigm Portfolio | 916,400 | 1.19% | $72.62M | 6.12% | Jun 30, 2026 |
| Fidelity Dividend Growth Fund | 738,100 | 0.96% | $57.22M | 0.48% | Jul 31, 2026 |
| T. Rowe Price Small-Cap Stock Fund, Inc. | 569,123 | 0.74% | $45.10M | 0.49% | Jun 30, 2026 |
| Hood River Small-Cap Growth Fund | 564,760 | 0.73% | $44.75M | 0.67% | Jun 30, 2026 |
| Kinetics Small Cap Opportunities Portfolio | 395,044 | 0.51% | $31.30M | 5.91% | Jun 30, 2026 |
| Ave Maria Value Fund | 379,895 | 0.49% | $30.10M | 5.61% | Jun 30, 2026 |
| Fidelity Small Cap Growth Fund | 379,628 | 0.49% | $29.43M | 0.33% | Jul 31, 2026 |
| T. Rowe Price Institutional Small-Cap Stock Fund | 305,562 | 0.40% | $24.21M | 0.48% | Jun 30, 2026 |
| 1290 VT Small Cap Value Portfolio | 240,000 | 0.31% | $19.02M | 4.03% | Jun 30, 2026 |
| Fidelity Small Cap Growth K6 Fund | 192,906 | 0.25% | $14.95M | 0.33% | Jul 31, 2026 |
| Vanguard Real Estate Ii Index Fund | 185,824 | 0.24% | $14.41M | 0.13% | Jul 31, 2026 |
| Kinetics Market Opportunities Portfolio | 166,000 | 0.22% | $13.15M | 4.34% | Jun 30, 2026 |
| Fidelity Capital Appreciation Fund | 164,900 | 0.21% | $12.78M | 0.16% | Jul 31, 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 |
|---|---|---|---|---|
| Jason Thomas Long | See Remarks, Director | 210,479 | 0.27% | Aug 6, 2026 |
| Scott Lloyd McNeely | See Remarks | 84,017 | 0.11% | Aug 6, 2026 |
| Harrison Fenner Bolling | See Remarks | 71,294 | 0.09% | Aug 6, 2026 |
| Jason Frederick Williams | See Remarks | 68,447 | 0.09% | Aug 6, 2026 |
| Point Energy Fund III AIV-VIII LP Five | Director, 10% owner | 48,593,505 | 63.04% | Aug 11, 2026 |
| Holdings LLC LandBridge | Director, 10% owner | – | – | Aug 11, 2026 |
| Point Energy GP II LP Five | Director, 10% owner | 53,141,496 | 68.94% | Aug 11, 2026 |
| Point Energy GP III LP Five | Director, 10% owner | 48,593,505 | 63.04% | Aug 11, 2026 |
| Point Energy Fund II AIV-VII LP Five | Director, 10% owner | – | – | Aug 11, 2026 |
| David N. Capobianco | Director, 10% owner | 48,418,908 | 62.81% | Aug 11, 2026 |
| Point Energy GP II LLC Five | Director, 10% owner | 48,418,908 | 62.81% | Aug 11, 2026 |
| Point Energy GP III LLC Five | Director, 10% owner | – | – | Aug 11, 2026 |
| Charles L. Watson | Director | 75,704 | 0.10% | Aug 6, 2026 |
| Ty P. Daul | Director | 20,295 | 0.03% | Aug 6, 2026 |
| Andrea Liria Nicolas | Director | 11,454 | 0.01% | Aug 6, 2026 |
| Valerie Chase | Director | 14,397 | 0.02% | Aug 6, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Point Energy GP II LLC Five Director, 10% owner | Aug 7, 2026 | Conversion | +1,250,000 | – | – | 1,250,000 |
| Point Energy GP II LLC Five Director, 10% owner | Aug 7, 2026 | Sale | −1,250,000 | $75.05 | $93.81M | 0 |
| Point Energy GP II LLC Five Director, 10% owner | Aug 7, 2026 | Other | −1,250,000 | – | – | 47,168,908 |
| David N. Capobianco Director, 10% owner | Aug 7, 2026 | Other | −1,250,000 | – | – | 47,168,908 |
| David N. Capobianco Director, 10% owner | Aug 7, 2026 | Conversion | +1,250,000 | – | – | 1,250,000 |
| David N. Capobianco Director, 10% owner | Aug 7, 2026 | Sale | −1,250,000 | $75.05 | $93.81M | 0 |
| Charles L. Watson Director | Aug 4, 2026 | Award | +1,900 | – | – | 11,454 |
| Jason Thomas Long See Remarks, Director | Aug 4, 2026 | Award | +20,358 | – | – | 210,479 |
| Harrison Fenner Bolling See Remarks | Aug 4, 2026 | Award | +13,572 | – | – | 71,294 |
| Jason Frederick Williams See Remarks | Aug 4, 2026 | Award | +13,572 | – | – | 68,447 |
| Andrea Liria Nicolas Director | Aug 4, 2026 | Award | +1,900 | – | – | 11,454 |
| Ty P. Daul Director | Aug 4, 2026 | Award | +1,900 | – | – | 20,295 |
| Valerie Chase Director | Aug 4, 2026 | Award | +1,900 | – | – | 14,397 |
| Scott Lloyd McNeely See Remarks | Aug 4, 2026 | Award | +14,929 | – | – | 84,017 |
| Scott Lloyd McNeely See Remarks | Jul 1, 2026 | Tax withholding | −12,188 | $72.30 | $881.19K | 69,088 |
| Jason Frederick Williams See Remarks | Jul 1, 2026 | Tax withholding | −9,758 | $72.30 | $705.50K | 54,875 |
| Harrison Fenner Bolling See Remarks | Jul 1, 2026 | Tax withholding | −9,152 | $72.30 | $661.69K | 57,722 |
| Jason Thomas Long See Remarks, Director | Jul 1, 2026 | Tax withholding | −33,425 | $72.30 | $2.42M | 190,121 |
| Charles L. Watson Director | Mar 6, 2026 | Sale | −13,000 | $75.00 | $975.00K | 64,250 |
| Charles L. Watson Director | Mar 4, 2026 | Sale | −9,670 | $75.19 | $727.09K | 77,250 |
| Charles L. Watson Director | Mar 2, 2026 | Sale | −30,680 | $74.07 | $2.27M | 86,920 |
| Scott Lloyd McNeely See Remarks | Jan 6, 2026 | Buy | +549 | $45.49 | $24.97K | 81,276 |
| Jason Thomas Long See Remarks, Director | Jan 5, 2026 | Buy | +2,143 | $46.59 | $99.84K | 223,546 |
| Harrison Fenner Bolling See Remarks | Jan 5, 2026 | Buy | +850 | $46.84 | $39.81K | 66,874 |
| Point Energy GP III LP Five Director, 10% owner | Nov 18, 2025 | Other | −2,500,000 | – | – | 48,593,505 |
| Point Energy GP III LP Five Director, 10% owner | Nov 18, 2025 | Sale | −2,500,000 | $70.00 | $175.00M | 0 |
| Point Energy GP III LP Five Director, 10% owner | Nov 18, 2025 | Conversion | +2,500,000 | – | – | 2,500,000 |
| Point Energy Fund III AIV-VIII LP Five Director, 10% owner | Nov 18, 2025 | Sale | −2,500,000 | $70.00 | $175.00M | 0 |
| Point Energy Fund III AIV-VIII LP Five Director, 10% owner | Nov 18, 2025 | Other | −2,500,000 | – | – | 48,593,505 |
| Point Energy Fund III AIV-VIII LP Five Director, 10% owner | Nov 18, 2025 | Conversion | +2,500,000 | – | – | 2,500,000 |
| David N. Capobianco Director, 10% owner | Nov 18, 2025 | Conversion | +2,500,000 | – | – | 2,500,000 |
| David N. Capobianco Director, 10% owner | Nov 18, 2025 | Sale | −2,500,000 | $70.00 | $175.00M | 0 |
| David N. Capobianco Director, 10% owner | Nov 18, 2025 | Other | −2,500,000 | – | – | 48,593,505 |
| Ty P. Daul Director | Aug 27, 2025 | Award | +2,201 | – | – | 18,368 |
| Valerie Chase Director | Aug 27, 2025 | Award | +2,201 | – | – | 12,479 |
| Charles L. Watson Director | Aug 27, 2025 | Award | +2,201 | – | – | 9,554 |
| Andrea Liria Nicolas Director | Aug 27, 2025 | Award | +2,201 | – | – | 9,554 |
| Ty P. Daul Director | Aug 27, 2025 | Award | +3,895 | – | – | 20,048 |
| Andrea Liria Nicolas Director | Aug 27, 2025 | Award | +3,895 | – | – | 11,248 |
| Valerie Chase Director | Aug 27, 2025 | Award | +3,895 | – | – | 14,173 |
| Charles L. Watson Director | Aug 27, 2025 | Award | +3,895 | – | – | 11,248 |
| Jason Frederick Williams See Remarks | Jul 1, 2025 | Tax withholding | −9,757 | $66.38 | $647.67K | 64,633 |
| Harrison Fenner Bolling See Remarks | Jul 1, 2025 | Tax withholding | −8,366 | $66.38 | $555.34K | 66,024 |
| Jason Thomas Long See Remarks, Director | Jul 1, 2025 | Tax withholding | −33,424 | $66.38 | $2.22M | 221,403 |
| Scott Lloyd McNeely See Remarks | Jul 1, 2025 | Tax withholding | −12,187 | $66.38 | $808.97K | 80,727 |
| David N. Capobianco Director, 10% owner | May 23, 2025 | Conversion | +1,900,000 | – | – | 1,900,000 |
| David N. Capobianco Director, 10% owner | May 23, 2025 | Other | −1,900,000 | – | – | 51,241,496 |
| David N. Capobianco Director, 10% owner | May 23, 2025 | Sale | −1,900,000 | $75.25 | $142.98M | 0 |
| Point Energy GP II LP Five Director, 10% owner | May 23, 2025 | Conversion | +1,900,000 | – | – | 1,900,000 |
| Point Energy GP II LP Five Director, 10% owner | May 23, 2025 | Sale | −1,900,000 | $75.25 | $142.98M | 0 |
| Point Energy GP II LP Five Director, 10% owner | May 23, 2025 | Other | −1,900,000 | – | – | 51,241,496 |
| David N. Capobianco Director, 10% owner | Dec 19, 2024 | Returned to company | −2,498,751 | $60.03 | $150.00M | 53,227,852 |
| Point Energy GP III LP Five Director, 10% owner | Dec 19, 2024 | Returned to company | −2,498,751 | $60.03 | $150.00M | 53,227,852 |
| Andrea Liria Nicolas Director | Sep 13, 2024 | Award | +7,353 | – | – | 7,353 |
| Jason Thomas Long Chief Executive Officer, Director | Jul 15, 2024 | Award | +254,827 | – | – | 254,827 |
| Ty P. Daul Director | Jul 15, 2024 | Award | +7,353 | – | – | 16,153 |
| Scott Lloyd McNeely See Remarks | Jul 15, 2024 | Award | +92,914 | – | – | 92,914 |
| Harrison Fenner Bolling See Remarks | Jul 15, 2024 | Award | +74,390 | – | – | 74,390 |
| Charles L. Watson Director | Jul 15, 2024 | Award | +7,353 | – | – | 7,353 |
| Valerie Chase Director | Jul 15, 2024 | Award | +7,353 | – | – | 10,278 |
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 |
|---|---|---|---|---|---|
| Holdings LLC LandBridge 10% Stockholder | Aug 7, 2026 | 1,250,000 | $94.25M | Aug 7, 2026 | Corporate reorganization and initial public offering |
| Holdings LLC LandBridge 10% shareholder | May 21, 2025 | 1,900,000 | $153.05M | May 21, 2025 | Corporate reorganization in connection with Issuer's initial public offering |