WAVEMAN · COMPANY

BSM · Black Stone Minerals, L.P.

LIVE

TEAM-0.32% 13F +439META+3.01% 13F +2,694RCG-2.04% CLUSTERUTHR-4.03% 13F +425CRWV+4.49% 13F +693CRM+2.92% 13F +1,018CVNA-0.98% 13F +794TPL-0.71% 13F +444NET+4.32% 13F +710MSTR+17.56% 13F +526DELL+4.91% 13F +1,203CRWD+5.68% 13F +1,382ANET+1.22% 13F +1,323COIN+10.14% 13F +475TEAM-0.32% 13F +439META+3.01% 13F +2,694RCG-2.04% CLUSTERUTHR-4.03% 13F +425CRWV+4.49% 13F +693CRM+2.92% 13F +1,018CVNA-0.98% 13F +794TPL-0.71% 13F +444NET+4.32% 13F +710MSTR+17.56% 13F +526DELL+4.91% 13F +1,203CRWD+5.68% 13F +1,382ANET+1.22% 13F +1,323COIN+10.14% 13F +475

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BSM

Name: Black Stone Minerals, L.P. (BSM) insider trading and ownership data
Creator: WaveMan
License: https://wave-man.com/terms

Black Stone Minerals, L.P.

ENERGY · CRUDE PETROLEUM & NATURAL GAS · CIK 0001621434

C-SUITE BUYING · 1FORM 144 · 2☆ WATCH

INSIDER NET · 180D

-$27.1M

open-market buys minus sells, Form 4 codes P and S

INSIDER BUYERS · 180D

CONGRESS BUYERS · 1Y

FUNDS ADDED · QTR

13F, latest reported quarter

REVENUE GROWTH

-3.9%

XBRL, annual

NET MARGIN

71.0%

SEVEN FACTS, RANKED AGAINST THE SECTOR · RANK IS NOT A FORECAST

INSIDERS

net -$27.1M over 180 days

-$28.1M over 90 days

below 82% of Energy

CONGRESS

no member of Congress has reported trading it

FUNDS

80 funds added or opened last quarter

below 71% of Energy

REVENUE

-3.9% year over year

below 57% of Energy

MARGIN

71.0% net margin

more than 99% of Energy

BUYBACKS

no share repurchases reported

SHORT

12.8 days to cover · settled 2026-07-31

THE SITUATION · EVERY LINE IS ONE RULE OVER ONE DATASET

Insiders are net sellers: -$27.1M across 3 people in 180 days.

80 funds added or opened positions in the latest 13F quarter, of 200 holders.

The year, with the filings on it

Total return indexed to 100 over the last 12 months · every marker is a federal filing, placed at its date — hover any marker for the detail

TOTAL 12M RETURN +31.1%

+31.1%12M

INSIDER BUYINSIDER SELLFORM 144

INDEXED RETURN, DIVIDEND-ADJUSTED — NOT A PRICE CHART · LARGE TRADES DRAWN FIRST WHEN A NAME FILES HEAVILY

Live price

Daily candles from TradingView, on their licence — no filings are marked on this one

WHY THIS NAME IS ON THE DESK

Insiders have filed to sell — before selling.

The record shows a net $27.1M sold by insiders over 180 days, 80 funds added last quarter, $28.1M in planned Form 144 sales. Every figure is a federal filing, dated the day it became public.

Backtest this pattern Open the screener

Same sector, ranked by filing activity

Sector from the SEC's own SIC classification

METC AMR PBF GULTU PRT CRC REPX DMLP CVX PARR TALO DKL

Insider transactions

Form 4 purchases and sales (codes P and S) — grants, option exercises and preferred conversions excluded

Over the last 180 days, Black Stone Minerals, L.P. insiders sold a net $27.1M of stock across 61 Form 4 purchases and sales, with 2 insider(s) buying. Source: SEC Form 4 filings, as of 2026-09-05.

INSIDER

FILED

VALUE

Whitehead James

Director

SELL

2026-08-06

498,343.0

$6.6M

Whitehead James

Director

SELL

2026-08-06

1,628,762.0

$21.5M

DeWalch D Mark

Director

BUY

2026-06-01

36,363.0

$495.3K

DeWalch D Mark

Director

BUY

2026-05-29

36,363.0

$490.2K

DeWalch D Mark

Director

BUY

2026-05-28

37,650.0

$497.4K

61 TRANSACTIONS ON RECORD

Showing the most recent few. Create a free account to see 56 more transactions on record, the cross-source screener and CSV export. We store only your email address, and there is no password to create.

Institutional holders

13F · holdings as of the latest quarter funds have reported

MORGAN STANLEY

8,899,403.0 sh

$124.3M

William Marsh Rice University

5,663,476.0 sh

$79.1M

FMR LLC

4,518,071.0 sh

$63.1M

BANK OF AMERICA CORP /DE/

2,080,058.0 sh

$29.1M

PENN DAVIS MCFARLAND INC

1,958,137.0 sh

$27.4M

SCHEDULE 13D/G

No 5%+ ownership filings

Nobody has crossed 5% with a filing obligation. Absence is a fact here, not missing data.

Planned sales · Form 144

Filed before the sale — intent, not a trade

LACY PROPERTIES, LTD.

FILED 2026-08-06

$21.5M

EAGLE GATHERING SYSTEM

FILED 2026-08-06

$6.6M

Fund concentration

N-PORT · funds ranked by how much of THEMSELVES they put in this stock — the conviction number 13F cannot show

Concorde Wealth Management Fund

$1.5M POSITION · AS OF 2026-03-31

3.4%

GraniteShares HIPS U.S. High Income ETF

$2.7M POSITION · AS OF 2026-03-31

2.8%

First Eagle Global Real Assets Fund

$419.4K POSITION · AS OF 2026-04-30

1.5%

Global X Alternative Income ETF

$617.7K POSITION · AS OF 2026-02-28

1.4%

LoCorr Spectrum Income Fund

$922.7K POSITION · AS OF 2026-03-31

1.3%

Multi-Asset Diversified Income Index Fund

$3.8M POSITION · AS OF 2026-03-31

1.0%

SEC N-PORT, MONTHLY WITH A ~60-DAY PUBLIC LAG · FUNDS ≥ $10M · % = SHARE OF THE FUND'S OWN BOOK

Executive pay vs shareholder return · Thomas L. Carter

DEF 14A pay-versus-performance disclosure · both the headline pay and the SEC's mark-to-market figure, beside the return the company delivered and the return of the peer group it chose itself

CEO TOTAL

ACTUALLY PAID

OTHER NEOs AVG

TSR

PEER TSR

2025

$4.8M

$1.9M

+228%

+147%

2024

$4.7M

$4.9M

$1.5M

+227%

+152%

2023

$4.6M

$4.8M

$1.4M

+222%

+154%

2022

$4.9M

$11.0M

$2.2M

+203%

+144%

2021

$4.9M

$8.2M

$1.8M

+68%

TAGGED BY THE COMPANY UNDER SEC ITEM 402(v) · RETURN IS CUMULATIVE FROM THE START OF THE DISCLOSURE PERIOD · GREEN WHERE THE COMPANY BEAT ITS OWN PEER GROUP

Fundamentals

Annual figures from XBRL filings · pick a past date to see them exactly as the market knew them then — restatements and all

	2025-12	2024-12	2023-12	2022-12
REVENUE	$422.3M	$439.4M	$501.1M	$784.3M
OPERATING INCOME	$308.4M	$273.1M	$423.6M	$482.5M
NET INCOME	$299.9M	$271.3M	$422.5M	$476.5M
OPERATING CASH FLOW	$310.2M	$389.0M	$521.3M	$425.0M
CASH	$1.5M	$2.5M	$70.3M	$4.3M

SEC XBRL · FISCAL-YEAR PERIODS · AS KNOWN ON 2026-09-05 · NOBODY ELSE SHOWS FUNDAMENTALS AS OF A PAST DATE