13F

Position

Fidelity in Black Stone Minerals, L.P.

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Estimated mark uses implied 13F prices (value ÷ shares). Adds are treated as happening at this quarter’s mark; cuts at last quarter’s. Share jumps can be splits, not buys. This is not realized P&L.

Latest estimated mark −$5.2M$15.12$13.97

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20251.88M$25M0.0%
Q1 20264.54M$68.6M$15.12$3.44M$40.2M0.0%
Q2 20264.52M$63.1M$13.97−$5.2M−$288.8K0.0%