On May 11, 2026, Long Corridor Asset Management Ltd disclosed a new position in Natural Resource Partners (NYSE:NRP), buying 100,000 shares in the first quarter for an estimated $11.85 million based on the quarterly average price.

What happened

According to a SEC filing published May 11, 2026, Long Corridor Asset Management Ltd disclosed a new position in Natural Resource Partners, acquiring 100,000 shares in the first quarter. The estimated value of the trade was $11.85 million based on the period’s average closing price. The quarter-end value of the position reached $12.10 million, reflecting both the purchase and price movement during the quarter.

What else to know

This transaction marks a new position; the stake comprised 3.70% of Long Corridor Asset Management Ltd’s 13F reportable assets as of March 31, 2026.

Fund’s top holdings after the filing include:

• NASDAQ:GOOGL: $41.41 million (12.7% of AUM)

• NASDAQ:AMZN: $35.23 million (10.8% of AUM)

• NASDAQ:META: $30.32 million (9.3% of AUM)

• NYSE:AXP: $27.76 million (9.1% of AUM)

• NASDAQ:MSFT: $27.76 million (8.5% of AUM)

As of May 11, 2026, shares of Natural Resource Partners were priced at $110.12, up 16.8% over the past year, underperforming the S&P 500 by 12.58 percentage points.

Company overview

Company snapshot

• Owns and leases mineral properties, including coal, soda ash, trona, and other natural resources; generates revenue primarily from royalty payments and mineral production.

• Operates a royalty-based business model, earning income by leasing mineral rights and infrastructure to third-party operators, as well as direct participation in soda ash production.

• Serves industrial customers, with a geographic focus on the United States.

Natural Resource Partners is a diversified mineral and royalty company with a focus on coal, soda ash, and other natural resources across key U.S. basins.

What this transaction means for investors

Long Corridor Asset Management, a hedge fund based in Hong Kong, recently disclosed the purchase of approximately $12.1 million of Natural Resource Partners stock during the first quarter (the three months ended March 31, 2026). Here are some key takeaways for investors.

First, NRP is an energy stock that generates revenue from royalty payments and the mining of minerals, including coal. Despite a recent dip in price, NRP stock has performed quite well over the last three years. Shares have advanced by 152%, equating to a compound annual growth rate (CAGR) of 36.0%. That’s better than the S&P 500, which has generated a total return of 86% over the same period, with a CAGR of 23.1%.