Natural Resource Partners LP
A royalty-based asset manager that owns and leases mineral properties across the United States rather than mining them itself, Natural Resource Partners collects payments from third-party operators who extract coal and other resources. Formed in 2002 as a master limited partnership, it was built by combining coal and timber properties from CSX's Western Pocahontas unit with holdings from Arch Coal and Great Northern Properties. It also holds a stake in a Wyoming soda-ash producer tapping the world's largest trona deposit.
Common Units
Estimated from filings — the split-adjusted price range over the quarters each manager built the position. A range, not a fill price; 13F reports a quarter-end snapshot, not a trade date.