| 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 | 8.3% | -52% | $103,407,210 | -$92,839,332 | 2,110,782 | -47% | Morgan Stanley | 31 Jan 2026 |
| 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 |
As of 31 Dec 2025, 148 institutional investors reported holding 27,783,095 shares of LandBridge Co LLC - Class A Shares (LB). This represents 109% of the company’s total 25,431,108 outstanding shares.
The largest institutional shareholders of LandBridge Co LLC - Class A Shares (LB) together control 99% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| FIRST MANHATTAN CO. LLC. | 27% | 6,861,939 | +24% | 0.89% | $338,713,592 |
| HORIZON KINETICS ASSET MANAGEMENT LLC | 22% | 5,642,766 | +0.19% | 3.7% | $276,439,101 |
| MORGAN STANLEY | 19% | 4,894,992 | -1.1% | 0.01% | $239,805,713 |
| VANGUARD GROUP INC | 3.4% | 861,815 | +0.82% | 0% | $42,220,316 |
| FMR LLC | 3.2% | 813,748 | -0.78% | 0% | $39,865,514 |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 2.7% | 690,291 | 0.09% | $33,817,356 | |
| Hood River Capital Management LLC | 2.4% | 621,071 | -7.4% | 0.33% | $30,426,268 |
| SCHWARTZ INVESTMENT COUNSEL INC | 2.3% | 592,891 | +2.3% | 1% | $29,045,730 |
| DF DENT & CO INC | 1.7% | 438,992 | 0.31% | $21,506,235 | |
| CORTLAND ASSOCIATES INC/MO | 1.6% | 408,280 | -1% | 2.5% | $20,002,000 |
| RAYMOND JAMES FINANCIAL INC | 1.5% | 388,303 | -14% | 0.01% | $19,022,980 |
| Annex Advisory Services, LLC | 1.2% | 294,143 | +8.6% | 0.28% | $14,410,072 |
| UBS Group AG | 1.1% | 274,851 | -36% | 0% | $13,464,950 |
| CAPTRUST FINANCIAL ADVISORS | 1.1% | 267,982 | +0.23% | 0.02% | $13,128,430 |
| MAD RIVER INVESTORS | 1% | 262,934 | +9.1% | 5.9% | $12,881,153 |
| One Charles Private Wealth Services, LLC | 0.93% | 236,707 | -3.4% | 3% | $11,596,276 |
| Summit Street Capital Management, LLC | 0.89% | 227,258 | -20% | 1.7% | $11,133,369 |
| CITADEL ADVISORS LLC | 0.88% | 224,730 | +120% | 0.01% | $11,009,523 |
| GOLDMAN SACHS GROUP INC | 0.84% | 214,771 | +1957% | 0% | $10,521,631 |
| Moors & Cabot, Inc. | 0.81% | 206,117 | +5% | 0.43% | $10,097,665 |
| EagleClaw Capital Managment, LLC | 0.79% | 200,880 | -0.72% | 1.4% | $9,841,111 |
| Amundi | 0.74% | 188,273 | 0% | $9,223,494 | |
| MILLENNIUM MANAGEMENT LLC | 0.59% | 151,003 | +113% | 0.01% | $7,397,637 |
| MARSHALL WACE, LLP | 0.56% | 142,506 | 0.01% | $6,981,369 | |
| WELLS FARGO & COMPANY/MN | 0.53% | 134,866 | +34% | 0% | $6,607,101 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 27,783,095 | $1,363,708,703 | +$123,500,559 | $48.99 | 148 |
| 2025 Q3 | 25,307,655 | $1,350,160,232 | -$14,499,658 | $53.35 | 155 |
| 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 |