| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| LandBridge Holdings LLC | 64% | -5.2% | $2,915,610,300 | -$158,879,460 | 48,593,505 | -5.2% | LandBridge Holdings LLC | 18 Nov 2025 |
| FIRST MANHATTAN CO. LLC. | 26% | +33% | $355,780,693 | +$89,384,671 | 6,668,804 | +34% | FIRST MANHATTAN CO. LLC. | 31 Oct 2025 |
| HORIZON KINETICS ASSET MANAGEMENT LLC | 22% | -5.8% | $300,473,229 | +$7,105,580 | 5,632,113 | +2.4% | HORIZON KINETICS ASSET MANAGEMENT LLC | 09 Sep 2025 |
| MORGAN STANLEY | 17% | +21% | $239,109,127 | +$41,715,312 | 4,005,849 | +21% | Morgan Stanley | 30 Jun 2025 |
| T. Rowe Price Investment Management, Inc. | 5.1% | $88,624,831 | 1,193,279 | T. Rowe Price Investment Management, Inc. | 31 Mar 2025 | |||
| FMR LLC | 4.1% | -49% | $71,227,604 | -$75,118,089 | 959,036 | -51% | FMR LLC | 31 Mar 2025 |
| Hill City Capital, LP | 0.78% | $44,190,650 | 595,000 | Hill City Capital Master Fund LP | 31 Dec 2024 |
| Filer | Ownership | Nb Shares | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| HORIZON KINETICS ASSET MANAGEMENT LLC | 7.4% | 5,632,113 | +2.4% | 3.7% | $300,473,214 |
| FIRST MANHATTAN CO. LLC. | 7.2% | 5,531,840 | +78% | 0.78% | $295,123,664 |
| MORGAN STANLEY | 6.5% | 4,948,836 | +7.1% | 0.02% | $264,020,404 |
| VANGUARD GROUP INC | 1.1% | 854,767 | +8.7% | 0% | $45,601,820 |
| FMR LLC | 1.1% | 820,158 | -1.7% | 0% | $43,755,430 |
| Hood River Capital Management LLC | 0.88% | 670,686 | +0.15% | 0.42% | $35,781,098 |
| SCHWARTZ INVESTMENT COUNSEL INC | 0.76% | 579,763 | +12% | 1% | $30,930,356 |
| RAYMOND JAMES FINANCIAL INC | 0.59% | 453,423 | -2.6% | 0.01% | $24,190,122 |
| UBS Group AG | 0.56% | 426,156 | +89% | 0% | $22,735,422 |
| CORTLAND ASSOCIATES INC/MO | 0.54% | 412,443 | +172% | 2.6% | $22,004,000 |
| Summit Street Capital Management, LLC | 0.37% | 285,809 | 0% | 2.2% | $15,247,910 |
| Annex Advisory Services, LLC | 0.35% | 270,819 | +30% | 0.31% | $14,448,200 |
| CAPTRUST FINANCIAL ADVISORS | 0.35% | 267,372 | +7.4% | 0.03% | $14,264,302 |
| One Charles Private Wealth Services, LLC | 0.32% | 244,982 | +37% | 3.4% | $13,069,801 |
| MAD RIVER INVESTORS | 0.32% | 241,056 | +2.7% | 5.5% | $12,860,359 |
| EagleClaw Capital Managment, LLC | 0.26% | 202,340 | +78% | 1.5% | $10,794,839 |
| Moors & Cabot, Inc. | 0.26% | 196,379 | +11% | 0.46% | $10,476,824 |
| TWO SIGMA INVESTMENTS, LP | 0.25% | 190,466 | +4.1% | 0.02% | $10,161,361 |
| TWO SIGMA ADVISERS, LP | 0.19% | 143,700 | +12% | 0.02% | $7,666,395 |
| BANK OF AMERICA CORP /DE/ | 0.19% | 142,392 | -0.48% | 0% | $7,596,613 |
| Ghisallo Capital Management LLC | 0.17% | 130,000 | -0.71% | 0.23% | $6,935,500 |
| TOCQUEVILLE ASSET MANAGEMENT L.P. | 0.15% | 111,880 | +24% | 0.09% | $5,968,798 |
| CITADEL ADVISORS LLC | 0.13% | 102,309 | +17% | 0% | $5,458,185 |
| WELLS FARGO & COMPANY/MN | 0.13% | 100,433 | +68% | 0% | $5,358,074 |
| SEVEN GRAND MANAGERS, LLC | 0.13% | 100,000 | 0% | 0.43% | $5,335,000 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 1,521 | $74,514 | -$128,480 | $48.99 | 1 |
| 2025 Q3 | 25,307,027 | $1,350,126,232 | -$14,499,658 | $53.35 | 154 |
| 2025 Q2 | 25,070,483 | $1,693,272,210 | +$106,154,943 | $67.58 | 155 |
| 2025 Q1 | 23,405,335 | $1,682,909,709 | +$318,186,970 | $71.94 | 143 |
| 2024 Q4 | 19,362,540 | $1,249,764,729 | +$280,793,546 | $64.60 | 122 |
| 2024 Q3 | 14,996,896 | $586,681,636 | +$65,678,703 | $39.12 | 57 |
| 2024 Q2 | 14,574,796 | $337,401,074 | +$337,401,074 | $23.15 | 37 |