LB LandBridge Company LLC Class A Shares Representing Limited Liability Company Interests
$79.49
Price · Aug 18, 2026
Fundamentals as of Aug 6, 2026
52W Range
$44–$86
85% of range
Analyst Rating
BUY
16 analysts
Price Target
$84
+5% upside
P/E (TTM)
52.1
ROE
10.8%
Net Profit Margin
15.1%
LB Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$79.48
Market Cap
—
P/E (TTM)
52.1
EPS (TTM)
$0.94
Revenue (TTM)
$199M
Div Yield
—
ROE
10.8%
Debt/Equity
1.6
52W Range
$44 – $86
LB Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$199M
2023-12-31
→
2025-12-31
EPS
$0.94
2024-12-31
→
2025-12-31
Free Cash Flow
$122M
2024-12-31
→
2025-12-31
Margins
15.1%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
LB
Peer Median
P/E (TTM)
52.1
281.4
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
LB
Peer Median
Operating Margin
59.5%
—
Net Profit Margin
15.1%
-5.3%
ROA
2.5%
-1.6%
ROE
10.8%
-6.9%
ROIC
11.7%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
LB
Peer Median
Debt / Equity
1.6
198.4
Current Ratio
4.9
0.6
Quick Ratio
2.5
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
LB
Peer Median
Revenue YoY
81.1%
—
EPS YoY
1242.9%
—
Net Income YoY
489.6%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
LB
Peer Median
Payout Ratio
211.5%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
211.5%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| June 4, 2026 | $0.1200 |
| March 5, 2026 | $0.1200 |
| Dec. 4, 2025 | $0.1000 |
| Sept. 4, 2025 | $0.1000 |
| June 5, 2025 | $0.1000 |
| March 6, 2025 | $0.1000 |
| Dec. 5, 2024 | $0.1000 |
LB Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
16 analysts
- Strong Buy 3 18.8%
- Buy 9 56.2%
- Hold 4 25.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
7 analysts · 2026-08-17
Median
$84.00
Now
$79.48
Low
$66.00
High
$98.00
Median target
$84.00
+5.7%
Mean target
$83.57
+5.1%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.01%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.40 | $0.45 | -0.05% |
| March 31, 2026 | $0.37 | $0.46 | -0.09% |
| Dec. 31, 2025 | $0.46 | $0.39 | 0.07% |
| Sept. 30, 2025 | $0.41 | $0.41 | -0.00% |
| June 30, 2025 | $0.39 | $0.39 | 0.00% |
| March 31, 2025 | $0.35 | $0.36 | -0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| LB | — | 52.1 | 81.1% | 15.1% | 10.8% | — |
| FRPH | $436M | 126.6 | 2.6% | 7.8% | 0.78% | — |
| SEG | $253M | -2.2 | 18.3% | -89.5% | -22.9% | — |
| TCI | $506M | 36.6 | 4.2% | 28.1% | 1.6% | — |
| MLP | $335M | — | 68.2% | -54.4% | -35.6% | — |
| ARL | $259M | 16.6 | 5.7% | 31.4% | 2.6% | — |
| SRG | — | -2.5 | 3.3% | -374.7% | -18.5% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 11
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue | $199M | $110M | $73M | |
| Operating Income | $118M | $-17M | $70M | |
| Other Non-op | $-4M | $241.0K | $549.0K | |
| Pretax Income | $81M | $-40M | $64M | |
| Income Tax | $9M | $2M | $370.0K | |
| Net Income | $30M | $5M | · | |
| EPS (Basic) | $1.18 | $0.28 | · | |
| EPS (Diluted) | $0.94 | $0.07 | · | |
| Shares (Basic) | 24,815,703 | 17,807,323 | · | |
| Shares (Diluted) | 76,542,235 | 73,370,073 | · | |
| EBITDA | $130M | $-8M | · |
Balance Sheet 19
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Cash & Equivalents | $31M | $37M | $38M | |
| Prepaid Expense | $5M | $2M | $1M | |
| Current Assets | $60M | $53M | $52M | |
| PP&E (Net) | $1.08B | $903M | $203M | |
| PP&E (Gross) | $1.11B | $920M | $215M | |
| Accum. Depreciation | $24M | $18M | $12M | |
| Intangibles | $137M | $45M | $29M | |
| Other Non-current Assets | $4M | $2M | $5M | |
| Total Assets | $1.37B | $1.03B | $289M | |
| Accrued Liabilities | $8M | $7M | $5M | |
| Current Liabilities | $12M | $14M | $27M | |
| Other Non-current Liabilities | $192.0K | $183.0K | $3M | |
| Total Liabilities | $572M | $395M | $138M | |
| Long-term Debt | $571M | $385M | $129M | |
| Total Debt | $560M | $381M | · | |
| Retained Earnings | $23M | $3M | · | |
| Stockholders' Equity | $340M | $212M | · | |
| Liabilities + Equity | $1.37B | $1.03B | $289M | |
| Shares Outstanding | · | 23,255,419 | · |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| D&A | $11M | $9M | $9M | |
| Stock-based Comp | $45M | $95M | $-17M | |
| Deferred Tax | $4M | $-411.0K | $0 | |
| Amort. of Intangibles | $5M | $3M | $2M | |
| Other Non-cash | $35M | $-41M | · | |
| Operating Cash Flow | $126M | $68M | $53M | |
| CapEx | $4M | $985.0K | $3M | |
| Investing Cash Flow | $-233M | $-724M | $-3M | |
| Stock Issued | · | $278M | · | |
| Net Stock Activity | · | $278M | · | |
| Dividends Paid | $64M | $178M | $105M | |
| Financing Cash Flow | $101M | $656M | $-38M | |
| Net Change in Cash | $-6M | $-791.0K | $12M | |
| Taxes Paid | $9M | $385.0K | $213.0K | |
| Free Cash Flow | $122M | $67M | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Operating Margin | 59.5% | -15.0% | · | |
| Net Margin | 15.1% | 4.7% | · | |
| Pretax Margin | 40.9% | -36.0% | · | |
| EBITDA Margin | 65.3% | -6.9% | · | |
| ROA | 2.5% | 0.79% | · | |
| ROE | 10.8% | 2.3% | · | |
| ROIC | 11.7% | -2.1% | · |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Current Ratio | 4.9 | 3.7 | · | |
| Quick Ratio | 2.5 | 2.6 | · | |
| Debt / Equity | 1.6 | 0.9 | · | |
| LT Debt / Equity | 1.6 | 0.9 | · |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue YoY | 81.1% | 50.9% | · | |
| EPS YoY | 1242.9% | · | · | |
| Net Income YoY | 489.6% | · | · |
Valuation (TTM) 6
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue TTM | $199M | $110M | · | |
| Net Income TTM | $30M | $5M | · | |
| P/E | 52.1 | 922.9 | · | |
| Earnings Yield | 1.9% | 0.11% | · | |
| Payout Ratio | 211.5% | · | · | |
| Annual Payout | $64M | $178M | · |
Income Statement 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $67M | $51M | $57M | $51M | $48M | $44M | $36M | $28M | $26M | |
| SG&A Expense | $16M | $16M | · | · | $15M | $15M | · | · | · | |
| Operating Income | $44M | $29M | $34M | $31M | $29M | $25M | $18M | $3M | $-51M | |
| Other Non-op | $-17.0K | $-10.0K | $-4M | $0 | $0 | $0 | $0 | $0 | $0 | |
| Pretax Income | $35M | $20M | $21M | $23M | $21M | $17M | $11M | $-4M | $-58M | |
| Income Tax | $4M | $2M | $3M | $3M | $2M | $2M | $3M | $-1M | $137.0K | |
| Net Income | $12M | $9M | $8M | $8M | $8M | $6M | $49M | $3M | $-58M | |
| EPS (Basic) | $0.43 | $0.31 | $0.30 | $0.31 | $0.30 | $0.27 | · | $0.15 | · | |
| EPS (Diluted) | $0.40 | $0.23 | $0.24 | $0.26 | $0.24 | $0.20 | · | $-0.04 | · | |
| Shares (Basic) | 27,960,494 | 27,838,580 | -47,844,475 | 25,335,054 | 24,069,705 | 23,255,419 | · | 17,425,000 | · | |
| Shares (Diluted) | 76,991,052 | 77,078,931 | -152,835,213 | 76,518,549 | 76,394,121 | 76,464,778 | · | 73,151,603 | · | |
| EBITDA | $44M | $34M | · | $31M | $29M | $28M | · | $5M | $-50M |
Balance Sheet 19
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $40M | $30M | $31M | $28M | $20M | $15M | $37M | $14M | $25M | |
| Prepaid Expense | $3M | $3M | $5M | $5M | $3M | $1M | $2M | $2M | $594.0K | |
| Current Assets | $71M | $59M | $60M | $57M | $44M | $44M | $53M | $32M | $42M | |
| PP&E (Net) | $1.09B | $1.08B | $1.08B | $918M | $918M | $919M | $903M | $628M | $630M | |
| PP&E (Gross) | $1.12B | $1.11B | $1.11B | $940M | $939M | $938M | $920M | $644M | $644M | |
| Accum. Depreciation | $27M | $25M | $24M | $22M | $21M | $19M | $18M | $16M | $15M | |
| Intangibles | $131M | $134M | $137M | $42M | $43M | $44M | $45M | $27M | $28M | |
| Other Non-current Assets | $3M | $4M | $4M | $2M | $2M | $2M | $2M | $3M | $11M | |
| Total Assets | $1.38B | $1.36B | $1.37B | $1.08B | $1.07B | $1.01B | $1.03B | $690M | $710M | |
| Accrued Liabilities | $6M | $14M | $8M | $7M | $6M | $6M | $7M | $6M | $13M | |
| Current Liabilities | $10M | $19M | $12M | $14M | $10M | $12M | $14M | $43M | $50M | |
| Other Non-current Liabilities | $195.0K | $194.0K | $192.0K | $192.0K | $182.0K | $182.0K | $183.0K | $183.0K | $3M | |
| Total Liabilities | $545M | $554M | $572M | $380M | $381M | $387M | $395M | $286M | $414M | |
| Long-term Debt | $536M | $536M | $571M | $367M | $371M | $376M | $381M | $278M | $396M | |
| Total Debt | $536M | $536M | · | $367M | $371M | $376M | · | $278M | $396M | |
| Retained Earnings | $37M | $29M | $23M | $18M | $12M | $7M | $3M | $3M | · | |
| Stockholders' Equity | $356M | $344M | $340M | $272M | $266M | $440M | $212M | $97M | · | |
| Liabilities + Equity | $1.38B | $1.36B | $1.37B | $1.08B | $1.07B | $1.01B | $1.03B | $690M | $710M | |
| Shares Outstanding | · | · | · | · | · | · | 23,255,419 | · | · |
Cash Flow 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $4M | $4M | $4M | $3M | $3M | $3M | $4M | $2M | $2M | |
| Stock-based Comp | $11M | $11M | $12M | $11M | $11M | $11M | $11M | $12M | $72M | |
| Deferred Tax | $1M | $316.0K | $2M | $1M | $652.0K | $339.0K | $865.0K | $-1M | · | |
| Other Non-cash | · | $16M | · | · | · | $-5M | · | · | · | |
| Operating Cash Flow | $41M | $41M | $38M | $35M | $37M | $16M | $27M | $7M | $16M | |
| CapEx | $1M | $180.0K | $2M | $1M | $1M | $69.0K | $224.0K | $303.0K | $369.0K | |
| Investing Cash Flow | $-11M | $-2M | $-212M | $-1M | $-2M | $-18M | $-292M | $-1M | $-376M | |
| Dividends Paid | $19M | $15M | $11M | $15M | $24M | $14M | $7M | $171M | · | |
| Financing Cash Flow | $-20M | $-40M | $176M | $-26M | $-30M | $-20M | $288M | $-17M | $376M | |
| Net Change in Cash | $10M | $-1M | $2M | $8M | $5M | $-22M | $23M | $-10M | $16M | |
| Taxes Paid | $2M | $-2.0K | · | · | $6M | $1M | · | · | · | |
| Free Cash Flow | · | $41M | · | · | · | $16M | · | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 66.1% | 57.2% | · | 60.8% | 60.0% | 57.0% | · | 11.2% | -197.4% | |
| Net Margin | 18.4% | 17.1% | · | 16.0% | 15.8% | 14.7% | · | 9.3% | -222.1% | |
| Pretax Margin | 52.3% | 38.5% | · | 45.2% | 43.4% | 38.8% | · | -13.6% | -221.6% | |
| EBITDA Margin | 66.1% | 65.9% | · | 60.8% | 60.0% | 62.9% | · | 16.4% | -191.6% | |
| ROA | 1.0% | 0.74% | · | 0.92% | 0.84% | 1.3% | · | 0.77% | -16.2% | |
| ROE | 4.0% | 2.2% | · | 4.4% | 5.6% | 2.9% | · | 5.5% | · | |
| ROIC | 4.4% | 3.0% | · | 4.3% | 4.0% | 2.8% | · | 0.60% | -13.0% |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 7.3 | 3.1 | · | 4.2 | 4.3 | 3.7 | · | 0.7 | 0.8 | |
| Quick Ratio | 4.1 | 1.6 | · | 2.0 | 2.0 | 1.3 | · | 0.3 | 0.5 | |
| Debt / Equity | 1.5 | 1.6 | · | 1.3 | 1.4 | 0.9 | · | 2.9 | · | |
| LT Debt / Equity | 1.5 | 1.6 | · | 1.3 | 1.4 | 0.9 | · | 2.5 | · |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.0 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 |
Valuation (TTM) 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $216M | $193M | · | $171M | $146M | $117M | · | $91M | $84M | |
| Net Income TTM | $37M | $31M | · | $25M | $-41M | $-38M | · | · | · | |
| P/E | 70.1 | 74.2 | · | 80.8 | · | · | · | · | · | |
| Earnings Yield | 1.4% | 1.4% | · | 1.2% | · | · | · | · | · | |
| Payout Ratio | · | 169.0% | · | · | · | · | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2025-03-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|---|
| Revenue | $199M | — | $110M | $73M |
| Operating Margin % | 59.5% | — | -15.0% | — |
| Net Income | $30M | — | $5M | — |
| Diluted EPS | $0.94 | — | $0.07 | — |
Balance Sheet
| 2025-12-31 | 2025-03-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|---|
| Debt / Equity | 1.6 | — | 0.9 | — |
| Current Ratio | 4.9 | — | 3.7 | — |
| Quick Ratio | 2.5 | — | 2.6 | — |
Cash Flow
| 2025-12-31 | 2025-03-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|---|
| Free Cash Flow | $122M | — | $67M | — |
Latest News Recent headlines mentioning this company
My Metrics Your personal watchlist — selected rows from Full Fundamentals
📊
Pick the metrics that matter to you — click the ➕ next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Institutional owners (13F) 209 filers · $2.0B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 36 (-19 vs prior Q) | 24 (+5 vs prior Q) | 73 (-6 vs prior Q) | 52 (+19 vs prior Q) | +3.2M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| FIRST MANHATTAN CO. LLC. | $561,244,638 | 7,082,845 | 27.71% | Shares |
| HORIZON KINETICS ASSET MANAGEMENT LLC | $461,276,842 | 5,821,263 | 22.77% | Shares |
| FMR LLC | $115,484,059 | 1,457,396 | 5.70% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $100,406,272 | 1,267,116 | 4.96% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $97,882,399 | 1,235,265 | 4.83% | Shares |
| SCHWARTZ INVESTMENT COUNSEL INC | $51,087,296 | 644,716 | 2.52% | Shares |
| Hood River Capital Management LLC | $46,959,130 | 592,619 | 2.32% | Shares |
| DF DENT & CO INC | $44,971,554 | 567,536 | 2.22% | Shares |
| TWO SIGMA INVESTMENTS, LP | $41,113,674 | 518,850 | 2.03% | Shares |
| CORTLAND ASSOCIATES INC/MO | $30,453,000 | 384,317 | 1.50% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $22,341,831 | 281,951 | 1.10% | Shares |
| MAD RIVER INVESTORS | $21,232,603 | 267,953 | 1.05% | Shares |
| Moors & Cabot, Inc. | $19,945,009 | 251,704 | 0.98% | Shares |
| One Charles Private Wealth Services, LLC | $17,761,775 | 224,152 | 0.88% | Shares |
| ASHFORD CAPITAL MANAGEMENT INC | $17,161,687 | 248,540 | 0.85% | Shares |
| MILLENNIUM MANAGEMENT LLC | $16,743,808 | 211,305 | 0.83% | Shares |
| EagleClaw Capital Managment, LLC | $16,704,188 | 210,805 | 0.82% | Shares |
| Summit Street Capital Management, LLC | $16,114,642 | 203,365 | 0.80% | Shares |
| UBS Group AG | $15,517,331 | 195,827 | 0.77% | Shares |
| BOSTON FINANCIAL MANGEMENT LLC | $15,276,300 | 236,475 | 0.75% | Shares |
| HighTower Advisors, LLC | $11,165,881 | 140,912 | 0.55% | Shares |
| RAYMOND JAMES FINANCIAL INC | $10,709,400 | 135,151 | 0.53% | Shares |
| TOCQUEVILLE ASSET MANAGEMENT L.P. | $10,181,548 | 128,490 | 0.50% | Shares |
| WELLS FARGO & COMPANY/MN | $8,791,678 | 110,950 | 0.43% | Shares |
| SPROTT INC. | $7,928,703 | 100,059 | 0.39% | Shares |
| SEVEN GRAND MANAGERS, LLC | $7,924,000 | 100,000 | 0.39% | Shares |
| Ghisallo Capital Management LLC | $7,924,000 | 100,000 | 0.39% | Shares |
| CRAWFORD INVESTMENT COUNSEL INC | $7,547,055 | 95,243 | 0.37% | Shares |
| Advisory Services Network, LLC | $7,282,893 | 91,909 | 0.36% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $6,933,500 | 87,500 | 0.34% | Call option |
| Daiwa Securities Group Inc. | $6,793,879 | 85,738 | 0.34% | Shares |
| TUDOR INVESTMENT CORP ET AL | $6,652,594 | 83,955 | 0.33% | Shares |
| one8zero8, LLC | $6,629,861 | 83,668 | 0.33% | Shares |
| MSRH, LLC | $6,473,852 | 93,756 | 0.32% | Shares |
| GOLDMAN SACHS GROUP INC | $6,241,497 | 78,767 | 0.31% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $5,546,800 | 70,000 | 0.27% | Put option |
| PROMETHIUM ADVISORS,LLC | $5,462,023 | 68,930 | 0.27% | Shares |
| CITADEL ADVISORS LLC | $5,412,092 | 68,300 | 0.27% | Call option |
| SEI INVESTMENTS CO | $5,337,606 | 67,360 | 0.26% | Shares |
| MARSHALL WACE, LLP | $5,038,951 | 63,591 | 0.25% | Shares |
| BARCLAYS PLC | $4,645,762 | 58,629 | 0.23% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $4,601,998 | 58,077 | 0.23% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $4,479,041 | 56,525 | 0.22% | Shares |
| VIKING FUND MANAGEMENT LLC | $4,437,440 | 56,000 | 0.22% | Shares |
| Swiss National Bank | $4,429,516 | 55,900 | 0.22% | Shares |
| BANK OF AMERICA CORP /DE/ | $4,074,204 | 51,416 | 0.20% | Shares |
| STATE STREET CORP | $4,046,470 | 51,066 | 0.20% | Shares |
| JPMORGAN CHASE & CO | $3,976,630 | 56,931 | 0.20% | Shares |
| XTX Topco Ltd | $3,961,604 | 49,995 | 0.20% | Shares |
| Cinctive Capital Management LP | $3,948,212 | 49,826 | 0.19% | Shares |
| JANE STREET GROUP, LLC | $3,771,824 | 47,600 | 0.19% | Call option |
| KINGSWOOD WEALTH ADVISORS, LLC | $3,652,700 | 46,097 | 0.18% | Shares |
| TD Asset Management Inc | $3,402,090 | 42,934 | 0.17% | Shares |
| Cubist Systematic Strategies, LLC | $3,186,756 | 59,733 | 0.16% | Shares |
| CITIGROUP INC | $3,055,019 | 38,554 | 0.15% | Shares |
| Atlas Wealth Partners, LLC | $3,044,400 | 38,420 | 0.15% | Shares |
| OneDigital Investment Advisors LLC | $2,777,409 | 35,051 | 0.14% | Shares |
| Steward Partners Investment Advisory, LLC | $2,536,346 | 32,008 | 0.13% | Shares |
| CITADEL ADVISORS LLC | $2,393,048 | 30,200 | 0.12% | Put option |
| Ipswich Investment Management Co., Inc. | $2,288,610 | 28,882 | 0.11% | Shares |
| &PARTNERS | $2,161,461 | 27,277 | 0.11% | Shares |
| D. E. Shaw & Co., Inc. | $2,084,012 | 26,300 | 0.10% | Call option |
| Annex Advisory Services, LLC | $2,065,313 | 29,910 | 0.10% | Shares |
| Fenimore Asset Management Inc | $2,060,240 | 26,000 | 0.10% | Shares |
| JANE STREET GROUP, LLC | $1,963,488 | 24,779 | 0.10% | Shares |
| JANE STREET GROUP, LLC | $1,806,672 | 22,800 | 0.09% | Put option |
| CITADEL ADVISORS LLC | $1,771,806 | 22,360 | 0.09% | Shares |
| PKS Advisory Services, LLC | $1,724,692 | 21,765 | 0.09% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,642,009 | 23,780 | 0.08% | Shares |
| Independent Advisor Alliance | $1,513,796 | 19,104 | 0.07% | Shares |
| D. E. Shaw & Co., Inc. | $1,508,888 | 19,042 | 0.07% | Shares |
| Essex Financial Services, Inc. | $1,498,615 | 18,912 | 0.07% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $1,457,620 | 18,395 | 0.07% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $1,399,851 | 20,273 | 0.07% | Shares |
| LPL Financial LLC | $1,394,381 | 17,597 | 0.07% | Shares |
| Balyasny Asset Management L.P. | $1,378,855 | 17,401 | 0.07% | Shares |
| Cannell & Spears LLC | $1,374,022 | 17,340 | 0.07% | Shares |
| BlackRock, Inc. | $1,293,514 | 16,324 | 0.06% | Shares |
| PECAUT & CO. | $1,259,437 | 15,894 | 0.06% | Shares |
| State of New Jersey Common Pension Fund D | $1,233,767 | 15,570 | 0.06% | Shares |
| Malaga Cove Capital, LLC | $1,186,302 | 14,971 | 0.06% | Shares |
| SIERRA SUMMIT ADVISORS LLC | $1,126,001 | 14,210 | 0.06% | Shares |
| WOLVERINE TRADING, LLC | $1,057,200 | 20,000 | 0.05% | Put option |
| DIMENSIONAL FUND ADVISORS LP | $1,039,391 | 13,117 | 0.05% | Shares |
| Pekin Hardy Strauss, Inc. | $1,018,234 | 12,850 | 0.05% | Shares |
| Adalta Capital Management LLC | $1,009,121 | 12,735 | 0.05% | Shares |
| OCCUDO QUANTITATIVE STRATEGIES LP | $1,003,099 | 12,659 | 0.05% | Shares |
| Apollon Wealth Management, LLC | $1,002,997 | 12,658 | 0.05% | Shares |
| Cetera Investment Advisers | $993,353 | 12,536 | 0.05% | Shares |
| JANUS HENDERSON GROUP PLC | $990,072 | 14,325 | 0.05% | Shares |
| Renaissance Capital LLC | $983,448 | 12,411 | 0.05% | Shares |
| BLAIR WILLIAM & CO/IL | $972,988 | 12,279 | 0.05% | Shares |
| TWO SIGMA ADVISERS, LP | $970,002 | 19,800 | 0.05% | Shares |
| Private Advisor Group, LLC | $969,660 | 12,237 | 0.05% | Shares |
| Engineers Gate Manager LP | $874,810 | 11,040 | 0.04% | Shares |
| Brevan Howard Capital Management LP | $834,239 | 10,528 | 0.04% | Shares |
| MORGAN STANLEY | $805,860 | 10,169 | 0.04% | Shares |
| Fieldview Capital Management, LLC | $769,579 | 9,712 | 0.04% | Shares |
| Mariner, LLC | $706,618 | 8,914 | 0.03% | Shares |
| Zuckerman Investment Group, LLC | $689,388 | 8,700 | 0.03% | Shares |
Company insiders 9 insiders · 0 officers · 0 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| David N. Capobianco | — | Aug. 7, 2026 C | 0 | 0 | 2 | $-268,812,500 |
| Andrea Liria Nicolas | — | Aug. 4, 2026 A | 11,454 | 0 | 0 | $0 |
| Jason Frederick Williams | — | Aug. 4, 2026 A | 68,447 | 0 | 0 | $0 |
| Scott Lloyd Mcneely | — | Aug. 4, 2026 A | 84,017 | 1 | 0 | $24,974 |
| Jason Thomas Long | — | Aug. 4, 2026 A | 210,479 | 1 | 0 | $99,842 |
| Harrison Fenner Bolling | — | Aug. 4, 2026 A | 71,294 | 1 | 0 | $39,814 |
| Charles L. Watson | — | Aug. 4, 2026 A | 11,454 | 0 | 3 | $-3,974,555 |
| Valerie Chase | — | Aug. 4, 2026 A | 14,397 | 0 | 0 | $0 |
| Ty P. Daul | — | Aug. 4, 2026 A | 20,295 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| LandBridge Holdings LLC, Five Point Energy Fund II AIV-VII LP, Five Point Energy Fund III AIV-VIII LP, Five Point Energy Fund GP II LP, Five Point Energy GP III LP, Five Point Energy GP II LLC, Five Point Energy GP III LLC, David N. Capobianco ×5 filings | Aug. 11, 2026 | 61.40% | Amendment | — | SEC |
| HORIZON KINETICS ASSET MANAGEMENT LLC ×4 filings | Dec. 23, 2024 | 23.20% | Amendment | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 9 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| GRZZ · Tidal Trust II | 0.77% | 4,160 NS | April 30, 2026 | N-PORT |
| VNQ · VANGUARD SPECIALIZED FUNDS | 0.12% | 1,060,635 SH | Aug. 8, 2026 | Daily |
| FREL · FIDELITY COVINGTON TRUST | 0.12% | 24,663 NS | April 30, 2026 | N-PORT |
| PDN · Invesco Exchange-Traded Fund Trust … | 0.09% | 11,195 SH | Aug. 8, 2026 | Daily |
| BKSE · BNY Mellon ETF Trust | 0.07% | 870 NS | April 30, 2026 | N-PORT |
| WSML · iShares Trust | 0.03% | 4,427 SH | Aug. 8, 2026 | Daily |
| IDEV · iShares Trust | 0.01% | 93,315 SH | Aug. 8, 2026 | Daily |
| IXUS · iShares Trust | 0.00% | 74,856 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.00% | 55 NS | May 31, 2026 | N-PORT |