Who owns LandBridge (LB)?
60 holders named in SEC filings declare between 95.1% and 97.3% of LandBridge's shares outstanding, as of Aug 7, 2026. The largest are LandBridge Holdings LLC (61.2%), FIRST MANHATTAN CO. LLC. (9.2%) and HORIZON KINETICS ASSET MANAGEMENT LLC (7.6%); the five largest hold 81.9% together. Another 138 institutions hold small positions worth 1.5%. At least 1.2% of the shares appear in no ownership filing: investors who do not have to report, mostly individuals. From Mar 31, 2026 to Jun 30, 2026, institutions that filed both quarters bought 4.6% and sold 2.9% of the shares, a net purchase of 1.6%; 30 opened a position, 71 added, 56 reduced and 24 sold out. Biggest buyers: T. Rowe Price (+1.3M shares) and Fidelity (FMR) (+440,622 shares). Biggest sellers: Morgan Stanley (-743,991) and Marshall Wace (-443,568). Schedule 13D/G filings since Mar 31, 2026: LandBridge Holdings LLC cut its stake to 61.2% on Aug 7, 2026, FMR LLC raised its stake to 2.3% on Jun 30, 2026, HORIZON KINETICS ASSET MANAGEMENT LLC raised its stake to 7.6% on Jun 30, 2026 and T. Rowe Price Investment Management, Inc. fell below 5% (1.7% still declared) on Jun 30, 2026. Directors and officers, from their latest Form 4: Jason Thomas Long (0.27%) and Scott Lloyd McNeely (0.11%). Over time, 189 managers declared LandBridge in their 13F for Q2 2026, against 37 for Q2 2024: together at most 37.0% of the shares outstanding, against 19.9%.
| Holder | Filing | Share of capital | As of | Holding since (13F) |
|---|---|---|---|---|
| LandBridge Holdings LLC | 13D | 61.2% | Aug 7, 2026 | — |
| FIRST MANHATTAN CO. LLC. | 13F | 9.2% | Jun 30, 2026 | Q2 2024 |
| HORIZON KINETICS ASSET MANAGEMENT LLC | 13F | 7.6% | Jun 30, 2026 | Q2 2024 |
| Fidelity (FMR) | 13F | 2.3% | Jun 30, 2026 | Q2 2024 |
| T. Rowe Price | 13F | 1.7% | Jun 30, 2026 | Q2 2026 |
| Vanguard | 13F | 1.6% | Jun 30, 2026 | Q4 2024 |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 13F | 1.6% | Jun 30, 2026 | Q4 2025 |
| Morgan Stanley | 13F | 0.95% | Jun 30, 2026 | Q3 2024 |
| SCHWARTZ INVESTMENT COUNSEL INC | 13F | 0.84% | Jun 30, 2026 | Q2 2024 |
| Hood River Capital Management LLC | 13F | 0.77% | Jun 30, 2026 | Q4 2024 |
| UBS | 13F | 0.74% | Jun 30, 2026 | Q3 2024 |
| DF DENT & CO INC | 13F | 0.74% | Jun 30, 2026 | Q4 2025 |
| Two Sigma | 13F | 0.67% | Jun 30, 2026 | Q4 2024 |
| CORTLAND ASSOCIATES INC/MO | 13F | 0.50% | Jun 30, 2026 | Q4 2024 |
| RAYMOND JAMES FINANCIAL INC | 13F | 0.49% | Jun 30, 2026 | Q4 2024 |
| CAPTRUST FINANCIAL ADVISORS | 13F | 0.37% | Jun 30, 2026 | Q4 2024 |
| MAD RIVER INVESTORS | 13F | 0.35% | Jun 30, 2026 | Q3 2024 |
| Moors & Cabot, Inc. | 13F | 0.33% | Jun 30, 2026 | Q3 2024 |
| ASHFORD CAPITAL MANAGEMENT INC | 13F | 0.30% | Jun 30, 2026 | Q1 2026 |
| One Charles Private Wealth Services, LLC | 13F | 0.29% | Jun 30, 2026 | Q4 2024 |
| WELLS FARGO & COMPANY/MN | 13F | 0.29% | Jun 30, 2026 | Q3 2024 |
| Millennium | 13F | 0.27% | Jun 30, 2026 | Q2 2025 |
| EagleClaw Capital Managment, LLC | 13F | 0.27% | Jun 30, 2026 | Q3 2024 |
| Jason Thomas Long | Form 4 | 0.27% | Aug 4, 2026 | — |
| Summit Street Capital Management, LLC | 13F | 0.26% | Jun 30, 2026 | Q4 2024 |
LandBridge institutional ownership over time
| Quarter | 13F managers | Share of the company (upper bound) | Value declared | Held by stock pickers |
|---|---|---|---|---|
| Q4 2024 | 122 | 26.4% | $1.3B | 87.8% |
| Q4 2025 | 147 | 36.4% | $1.4B | 73.6% |
| Q2 2026 | 189 | 37.0% | $2.3B | 84.8% |
From SEC Form 13F, every quarter since the end of 2019, read like the current quarter: entities of a house summed, a value contradicting its share count set aside. The share of the company is an upper bound — two managers can declare the same shares — over the shares outstanding at that date.