LANDBRIDGE COMPANY LLC

Ticker: LB CUSIP: 514952100 Class: CL A

MORGAN STANLEY's Holding History (CIK: 0000895421)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 4,894,992 Value ($000) $239,806 Avg Close $58.15 Range $48.10 - $85.60

Q3 2025

Shares 4,948,836 Value ($000) $264,020 Avg Close $55.15 Range $48.55 - $68.30

Q2 2025

Shares 4,619,996 Value ($000) $312,219 Avg Close $72.05 Range $54.54 - $87.60

Q1 2025

Shares 3,699,142 Value ($000) $266,116 Avg Close $70.75 Range $58.77 - $84.70

Q4 2024

Shares 423,604 Value ($000) $27,365 Avg Close $60.07 Range $38.71 - $80.82

Q3 2024

Shares 415,555 Value ($000) $16,257 Avg Close $33.65 Range $21.00 - $45.97

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	4,894,992	$239,806	$58.15	$48.10 - $85.60
Q3 2025	4,948,836	$264,020	$55.15	$48.55 - $68.30
Q2 2025	4,619,996	$312,219	$72.05	$54.54 - $87.60
Q1 2025	3,699,142	$266,116	$70.75	$58.77 - $84.70
Q4 2024	423,604	$27,365	$60.07	$38.71 - $80.82
Q3 2024	415,555	$16,257	$33.65	$21.00 - $45.97