Murray Stahl's BSM Position Overview
Murray Stahl (via Horizon Kinetics Asset Management LLC) currently holds 158,638 shares of Black Stone Minerals, L.P. (BSM) worth $2.08 M, representing 0.03% of the portfolio. First purchased in 2017-Q1, this long-term strategic position has been held for 35 quarters.
Based on 13F filings, Murray Stahl has maintained a strategic position in BSM, demonstrating sustained confidence in this investment. Largest addition occurred in Q2 2017, adding 135,900 shares. Largest reduction occurred in Q4 2019, reducing 159,151 shares.
Analysis based on 13F filings available since 2013 Q2
Murray Stahl's Black Stone Minerals (BSM) Holding Value Over Time
Track share changes against reported price movement
Quarterly Black Stone Minerals (BSM) Trades by Murray Stahl
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q1 2017 | +176,546 | New Buy | 176,546 | $16.51 |
| Q2 2017 | +135,900 | Add 76.98% | 312,446 | $15.76 |
| Q3 2017 | +115,587 | Add 36.99% | 428,033 | $17.34 |
| Q4 2017 | +6,636 | Add 1.55% | 434,669 | $17.94 |
| Q1 2018 | +15,642 | Add 3.60% | 450,311 | $16.55 |
| Q2 2018 | +4,000 | Add 0.89% | 454,311 | $18.49 |
| Q3 2018 | +20,318 | Add 4.47% | 474,629 | $18.21 |
| Q4 2018 | -20,651 | Reduce 4.35% | 453,978 | $15.48 |
| Q1 2019 | +320,664 | Add 0.00% | 320,663 | $17.64 |
| Q2 2019 | -16,258 | Reduce 5.07% | 304,405 | $15.50 |
| Q3 2019 | +7,951 | Add 2.61% | 312,356 | $14.24 |
| Q4 2019 | -159,151 | Reduce 50.95% | 153,205 | $12.72 |
| Q1 2020 | +32,955 | Add 21.51% | 186,160 | $4.68 |
| Q2 2020 | -3,778 | Reduce 2.03% | 182,382 | $6.50 |
| Q3 2020 | +14,500 | Add 7.95% | 196,882 | $6.14 |
| Q4 2020 | +13,718 | Add 6.97% | 210,600 | $6.68 |
| Q1 2021 | +2,750 | Add 1.31% | 213,350 | $8.72 |
| Q2 2021 | -2,653 | Reduce 1.24% | 210,697 | $10.75 |
| Q3 2021 | -4,350 | Reduce 2.06% | 206,347 | $12.05 |
| Q4 2021 | -11,037 | Reduce 5.35% | 195,310 | $10.33 |
| Q1 2022 | -2,221 | Reduce 1.14% | 193,089 | $13.46 |
| Q2 2022 | -340 | Reduce 0.18% | 192,749 | $13.69 |
| Q3 2022 | -27,047 | Reduce 14.03% | 165,702 | $15.65 |
| Q4 2022 | -814 | Reduce 0.49% | 164,888 | $16.87 |
| Q1 2023 | -1,950 | Reduce 1.18% | 162,938 | $15.69 |
| Q2 2023 | -200 | Reduce 0.12% | 162,738 | $15.95 |
| Q3 2023 | +5,100 | Add 3.13% | 167,838 | $17.23 |
| Q2 2024 | -1,700 | Reduce 1.01% | 166,138 | $15.67 |
| Q3 2024 | +109,500 | Add 65.91% | 275,638 | $15.10 |
| Q1 2025 | -7,000 | Reduce 2.54% | 268,638 | $15.27 |
| Q3 2025 | -110,000 | Reduce 40.95% | 158,638 | $13.14 |
Murray Stahl's Black Stone Minerals Investment FAQs
Murray Stahl first purchased Black Stone Minerals, L.P. (BSM) in Q1 2017, acquiring 176,546 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Murray Stahl has held Black Stone Minerals, L.P. (BSM) for 35 quarters since Q1 2017.
Murray Stahl's largest addition to Black Stone Minerals, L.P. (BSM) was in Q1 2019, adding 320,663 shares worth $5.66 M.
According to the latest 13F filing for Q3 2025, Murray Stahl's firm, Horizon Kinetics Asset Management LLC, owns 158,638 shares of Black Stone Minerals, L.P. (BSM), valued at approximately $2.08 M.
As of the Q3 2025 filing, Black Stone Minerals, L.P. (BSM) represents approximately 0.03% of Murray Stahl's publicly disclosed stock portfolio, making it one of their key holdings.
Murray Stahl's peak holding in Black Stone Minerals, L.P. (BSM) was 474,629 shares, as reported at the end of Q3 2018.