Natural Resource Partners LP: which funds bought and sold

Institutions that bought and sold Natural Resource Partners shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 29 institutions that filed 13F reports for both quarters added to or opened positions in Natural Resource Partners, and 37 cut or closed them. Together they added a net 51K shares, +1.1% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 2,588 shares (−11.4%); index fund managers held the same number of shares overall. 8 opened a new position and 14 sold out entirely.

Bought, Q2 2026 29 institutions, 8 of them new holders Sold, Q2 2026 37 institutions, 14 of them sold out

Net change, all compared +51K shares (+1.1%)

Net change, active managers −2,588 shares (−11.4%), 1 bought, 1 sold

Buyers versus sellers

institutions compared, 89

29 bought 23 37 sold

Active managers and hedge funds 1 bought · 1 sold · −2,588

Index fund managers 0 bought · 0 sold · 0

Other institutions 28 bought · 36 sold · +54K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
UBS Group AG	+165K +89.9%	349K	$33.9M
BNP Paribas Financial Markets	+97K +669.5%	111K	$10.8M
Magnolia Group, LLC	+38K New position	38K	$3.7M
Morgan Stanley	+36K +3.4%	1.1M	$104M
Solidarity Wealth, LLC	+25K +10.8%	260K	$25.3M
Long Corridor Asset Management Ltd	+20K +20.0%	120K	$11.6M
ING Groep NV	+18K +10.0%	198K	$19.2M
Citadel Advisors LLC Hedge fund	+10K +114.3%	19K	$1.8M
Mountain Lake Investment Management LLC	+8,791 +11.5%	85K	$8.3M
Saber Capital Managment, LLC	+5,749 +2.7%	215K	$20.9M
Ulland Investment Advisors, LLC	+5,500 New position	5,500	$534,000
Meixler Investment Management, Ltd.	+4,399 +4.7%	98K	$9.5M
Raymond James Financial Inc	+3,163 +179.9%	4,921	$477,292
Horizon Kinetics Asset Management LLC	+3,080 +5.3%	61K	$5.9M
LPL Financial LLC	+3,045 +8.1%	41K	$3.9M
Integrated Wealth Concepts LLC	+2,315 +45.9%	7,359	$713,781
First Trust Advisors LP	+2,241 +24.9%	11K	$1.1M
Jane Street Group, LLC	+2,223 New position	2,223	$215,631
Invesco Ltd.	+1,689 +61.1%	4,453	$431,941
Nitor Capital Management LLC	+1,004 +1.6%	65K	$6.3M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Citadel Advisors LLC Hedge fund	+10K +114.3%	19K	$1.8M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Bank Of America Corp	−125K −68.1%	58K	$5.7M
Progeny 3, Inc.	−83K −26.6%	229K	$22.3M
Natixis	−44K −49.7%	45K	$4.3M
Waverly Advisors, LLC	−26K Sold out	0	—
Corient Private Wealth LP	−21K −3.4%	592K	$57.4M
Bastion Asset Management Inc.	−19K Sold out	0	—
Susquehanna International Group, LLP	−16K −62.9%	9,167	$889,199
Acadian Asset Management LLC Active manager	−13K −91.2%	1,221	$118,000
Exchange Traded Concepts, LLC	−9,978 −29.3%	24K	$2.3M
Jpmorgan Chase & Co	−9,259 −43.9%	12K	$1.2M
Goldman Sachs Group Inc	−8,633 −1.4%	608K	$59M
First Foundation Advisors	−5,541 Sold out	0	—
Marex Group Ltd	−2,500 Sold out	0	—
Citigroup Inc	−2,196 −31.6%	4,744	$460,168
Avalon Capital Management	−2,000 Sold out	0	—
Huntington National Bank	−2,000 −100.0%	1	$97
Envestnet Asset Management Inc	−1,898 Sold out	0	—
Jump Financial, LLC	−1,874 Sold out	0	—
Cullen Investment Group, Ltd.	−1,809 Sold out	0	—
Hyperion Capital Advisors LP	−1,700 Sold out	0	—

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Acadian Asset Management LLC Active manager	−13K −91.2%	1,221	$118,000

New positions

largest by value

Institution	Shares	Value June 30, 2026
Magnolia Group, LLC	38K	$3.7M
Ulland Investment Advisors, LLC	5,500	$534,000
Jane Street Group, LLC	2,223	$215,631
Cape Investment Advisory, Inc.	443	$42,976
Northwestern Mutual Wealth Management Co	440	$42,680
Financial Management Professionals, Inc.	197	$19,109
Kelleher Financial Advisors	156	$15,132
Pittenger & Anderson Inc	38	$3,686

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Waverly Advisors, LLC	26K	$3.1M
Bastion Asset Management Inc.	19K	$2.4M
First Foundation Advisors	5,541	$670,461
Marex Group Ltd	2,500	$302,500
Avalon Capital Management	2,000	$242,000
Envestnet Asset Management Inc	1,898	$229,658
Jump Financial, LLC	1,874	$226,754
Cullen Investment Group, Ltd.	1,809	$218,886
Hyperion Capital Advisors LP	1,700	$205,700
Arrow Investment Advisors, LLC	1,653	$200,013

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 75
Ten largest holders: 76.9%
Index fund managers: 0.0%
Active managers and hedge funds: 0.4%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	1	1	0	0	−2,588	−11.4%
Index fund managers	0	0	0	0	0	—
Other institutions	28	36	8	14	+54K	+1.1%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Natural Resource Partners.

Only managers that filed a holdings report for both quarters are compared (89 here). 1 other holder is left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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