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%.

HolderFilingShare of capitalAs ofHolding since (13F)
LandBridge Holdings LLC13D61.2%Aug 7, 2026—
FIRST MANHATTAN CO. LLC.13F9.2%Jun 30, 2026Q2 2024
HORIZON KINETICS ASSET MANAGEMENT LLC13F7.6%Jun 30, 2026Q2 2024
Fidelity (FMR)13F2.3%Jun 30, 2026Q2 2024
T. Rowe Price13F1.7%Jun 30, 2026Q2 2026
Vanguard13F1.6%Jun 30, 2026Q4 2024
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC13F1.6%Jun 30, 2026Q4 2025
Morgan Stanley13F0.95%Jun 30, 2026Q3 2024
SCHWARTZ INVESTMENT COUNSEL INC13F0.84%Jun 30, 2026Q2 2024
Hood River Capital Management LLC13F0.77%Jun 30, 2026Q4 2024
UBS13F0.74%Jun 30, 2026Q3 2024
DF DENT & CO INC13F0.74%Jun 30, 2026Q4 2025
Two Sigma13F0.67%Jun 30, 2026Q4 2024
CORTLAND ASSOCIATES INC/MO13F0.50%Jun 30, 2026Q4 2024
RAYMOND JAMES FINANCIAL INC13F0.49%Jun 30, 2026Q4 2024
CAPTRUST FINANCIAL ADVISORS13F0.37%Jun 30, 2026Q4 2024
MAD RIVER INVESTORS13F0.35%Jun 30, 2026Q3 2024
Moors & Cabot, Inc.13F0.33%Jun 30, 2026Q3 2024
ASHFORD CAPITAL MANAGEMENT INC13F0.30%Jun 30, 2026Q1 2026
One Charles Private Wealth Services, LLC13F0.29%Jun 30, 2026Q4 2024
WELLS FARGO & COMPANY/MN13F0.29%Jun 30, 2026Q3 2024
Millennium13F0.27%Jun 30, 2026Q2 2025
EagleClaw Capital Managment, LLC13F0.27%Jun 30, 2026Q3 2024
Jason Thomas LongForm 40.27%Aug 4, 2026—
Summit Street Capital Management, LLC13F0.26%Jun 30, 2026Q4 2024

LandBridge institutional ownership over time

Quarter13F managersShare of the company (upper bound)Value declaredHeld by stock pickers
Q4 202412226.4%$1.3B87.8%
Q4 202514736.4%$1.4B73.6%
Q2 202618937.0%$2.3B84.8%

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.

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