Tamboran Resources

TBN • XNYS

Tamboran Resources is a crude petroleum & natural gas company on XNYS, led by Dick Stoneburner, with a market cap of $541.4M. As of Q3 2025, 55% of shares are held by 30 institutional investors, with HITE Hedge Asset Management LLC as the largest holder at 15.99%.

interim Chief Executive OfficerDick Stoneburner

Market Cap$541.4M

CRUDE PETROLEUM & NATURAL GAS

Employees39.0

Websitetamboran.com

Overview

Overview of institutional ownership in TBN as of Q3 2025 with a market cap of $297.6M

All Institutions

Institutions: 30
Value Held: $162.4M
Shares Held: 5.9M
Avg Position: $5.4M
Median Position: $1.1M

Hedge Funds

Hedge Funds: 8
Value Held: $108.6M
Shares Held: 4.0M
Avg Position: $13.6M
Median Position: $12.4M

Ownership Breakdown

Institutional (non-HF)

18.09%

$53.8M

Hedge Funds

36.48%

$108.6M

Retail & Other

45.43%

$135.2M

Based on market cap of $297.6M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in TBN as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
HITE Hedge Asset Management LLC Hedge Fund•Long/Short	James Meyers Jampel Founder	$47.6M 2.59% of portfolio	15.99% 1.7M shares	Q2 2024 Held for 1y 5m	$1.8B
H Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Institution	-	$20.8M 0.21% of portfolio	6.98% 758.7K shares	Q2 2024 Held for 1y 5m	$9.7B
BAUPOST GROUP LLC/MA Hedge Fund	Christopher Poh Huei Cheang Managing Partner	$15.6M 0.35% of portfolio	5.25% 570.8K shares	Q3 2024 Held for 1y 2m	$4.5B
Encompass Capital Advisors LLC Hedge Fund•Long/Short	Todd Jason Kantor Managing Partner	$15.4M 0.69% of portfolio	5.19% 563.7K shares	Q3 2025 Held for 2 months	$2.2B
Y Yaupon Capital Management LP Hedge Fund•Multi-Strategy	Steven James Pattyn CIO	$12.7M 0.66% of portfolio	4.28% 465.5K shares	Q2 2024 Held for 1y 5m	$1.9B
A Ancient Art, L.P. Hedge Fund•Long/Short	Brooke Anna Phillips CFO	$12.0M 2.88% of portfolio	4.02% 437.1K shares	Q3 2024 Held for 1y 2m	$416.1M
GILDER GAGNON HOWE & CO LLC RIA/Wealth	Shaiza Mariam Rizavi CEO	$7.7M 0.08% of portfolio	2.59% 281.7K shares	Q3 2025 Held for 2 months	$9.8B
UBS Group AG Institution	Sergio P. Ermotti CEO	$7.6M 0.00% of portfolio	2.57% 278.9K shares	Q2 2024 Held for 1y 5m	$511.54B
INGALLS & SNYDER LLC RIA/Wealth	Robert Anthony Case CEO	$7.1M 0.24% of portfolio	2.38% 258.5K shares	Q3 2024 Held for 1y 2m	$2.9B
M MACQUARIE GROUP LTD Institution	-	$3.4M 0.00% of portfolio	1.15% 125.1K shares	Q2 2024 Held for 1y 5m	$82.9B

Net Capital Flow

Institutional buying and selling activity for TBN in Q3 2025

Net Flow: +$19.8M
Buyers: 11
Sellers: 3
Total Bought: +$32.3M
Total Sold: −$12.5M
Avg Position: $5.8M

Biggest Buyers

Institution	Net Bought	Current Position
HITE Hedge Asset Management LLC Hedge Fund•Long/Short	+$14.5M +530.9K shares	$47.6M 1.7M shares
UBS Group AG Institution	+$4.8M +176.0K shares	$7.6M 278.9K shares
Y Yaupon Capital Management LP Hedge Fund•Multi-Strategy	+$4.1M +150.0K shares	$12.7M 465.5K shares
INGALLS & SNYDER LLC RIA/Wealth	+$3.9M +143.2K shares	$7.1M 258.5K shares
M MACQUARIE GROUP LTD Institution	+$3.3M +119.9K shares	$3.4M 125.1K shares
B BlackRock, Inc. Institution	+$690.0K +25.2K shares	$706.7K 25.8K shares
BANK OF AMERICA CORP /DE/ Institution	+$539.2K +19.7K shares	$862.0K 31.5K shares
S State of Wyoming Institution	+$227.5K +8.3K shares	$354.7K 13.0K shares
BARCLAYS PLC Institution	+$86.8K +3.2K shares	$108.0K 3.9K shares
MORGAN STANLEY RIA/Wealth	+$58.9K +2.2K shares	$269.2K 9.8K shares

Biggest Sellers

Institution	Net Sold	Current Position
N Nuveen, LLC Institution	−$11.3M −529.9K shares	Sold Off 0 shares
M MANUFACTURERES LIFE INSURANCE CO Institution	−$1.1M −41.8K shares	$1.4M 49.3K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$16.7K −781.0 shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited TBN in Q3 2025

New Positions: 7
New Value: $12.5M
Exited Positions: 2
Exited Value: $11.3M

New Positions

Institution	Position Value
GILDER GAGNON HOWE & CO LLC RIA/Wealth	$7.7M 281.7K shares
SCS Capital Management LLC RIA/Wealth	$2.6M 93.5K shares
F Fort Hoosac Management, LLC Hedge Fund•Multi-Strategy	$1.4M 49.5K shares
COHEN & STEERS INC Institution	$649.9K 23.7K shares
H HSBC HOLDINGS PLC Institution	$204.1K 7.6K shares
T Tower Research Capital LLC Institution	$14.5K 529.0 shares
Centerpoint Advisors, LLC RIA/Wealth	$6.8K 250.0 shares

Exited Positions

Institution	Previous Position
N Nuveen, LLC Institution	$11.3M 529.9K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$16.7K 781.0 shares

Options Activity

Institutions with the largest Call and Put options positions in TBN as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with TBN as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
A Ancient Art, L.P. Hedge Fund•Long/Short	Brooke Anna Phillips CFO	2.88% $12.0M	4.02% 437.1K shares	Q3 2024 Held for 1y 2m	$416.1M
HITE Hedge Asset Management LLC Hedge Fund•Long/Short	James Meyers Jampel Founder	2.59% $47.6M	15.99% 1.7M shares	Q2 2024 Held for 1y 5m	$1.8B
F Fort Hoosac Management, LLC Hedge Fund•Multi-Strategy	Paul Jerome Isaac President	0.93% $1.4M	0.46% 49.5K shares	Q3 2025 Held for 2 months	$145.9M
Encompass Capital Advisors LLC Hedge Fund•Long/Short	Todd Jason Kantor Managing Partner	0.69% $15.4M	5.19% 563.7K shares	Q3 2025 Held for 2 months	$2.2B
Y Yaupon Capital Management LP Hedge Fund•Multi-Strategy	Steven James Pattyn CIO	0.66% $12.7M	4.28% 465.5K shares	Q2 2024 Held for 1y 5m	$1.9B
BAUPOST GROUP LLC/MA Hedge Fund	Christopher Poh Huei Cheang Managing Partner	0.35% $15.6M	5.25% 570.8K shares	Q3 2024 Held for 1y 2m	$4.5B
INGALLS & SNYDER LLC RIA/Wealth	Robert Anthony Case CEO	0.24% $7.1M	2.38% 258.5K shares	Q3 2024 Held for 1y 2m	$2.9B
H Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Institution	-	0.21% $20.8M	6.98% 758.7K shares	Q2 2024 Held for 1y 5m	$9.7B
W WHITEBOX ADVISORS LLC Hedge Fund•Multi-Strategy	Robert Jacob Vogel CIO	0.12% $1.5M	0.52% 56.0K shares	Q2 2025 Held for 5 months	$1.3B
A Aventail Capital Group, LP Hedge Fund•Long/Short	John (Nmn) Lee COO	0.11% $2.3M	0.78% 84.6K shares	Q2 2025 Held for 5 months	$2.1B

Hedge Fund Spotlight

Discover hedge funds investing in TBN

Aventail Capital Group, LP

Hedge Fund • Long/Short

Portfolio ManagerJohn (Nmn) Lee

Portfolio Value: $2.1B
Positions: 137
Last Reported: Q3 2025

Sector Allocation

Position in Tamboran Resources

Market Value: $2.3M
Shares Held: 84.6K
Portfolio Weight: 0.11%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 Eversource Energy ES	Regulated Electric Utilities	$97.2M	4.63%
2 Entergy ETR	Regulated Electric Utilities	$93.8M	4.47%
3 NRG Energy NRG	Independent Power Producers Utilities	$71.1M	3.39%