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Hamilton Lane Advisors, L.L.C. and the Regents of the University of Michigan reported beneficial ownership of Granite Ridge Resources, Inc. common stock on an amended Schedule 13G. They jointly report beneficial ownership of 6,762,623 shares of common stock, representing 5.1% of the class outstanding.
The ownership is held by the Regents of the University of Michigan, with Hamilton Lane acting as investment adviser and having delegated investment discretion and voting power under an investment management agreement. The percentage ownership is based on 131,895,990 shares of Granite Ridge common stock outstanding as of June 15, 2026, as disclosed in the company’s proxy statement.
Key Figures
Shares beneficially owned:6,762,623 sharesPercent of class owned:5.1%Shares outstanding:131,895,990 shares+2 more
5 metrics
Shares beneficially owned6,762,623 sharesCommon stock of Granite Ridge Resources reported jointly by HLA and UM
Percent of class owned5.1%Portion of Granite Ridge common stock beneficially owned by the reporting persons
Shares outstanding131,895,990 sharesGranite Ridge common stock outstanding as of June 15, 2026
Shared voting power6,762,623 sharesShares over which the reporting persons share power to vote
Shared dispositive power6,762,623 sharesShares over which the reporting persons share power to dispose
"HLA ... shares beneficial ownership of 6,762,623.00 shares of Common Stock"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
investment adviserfinancial
"HLA, an investment adviser registered under the Investment Advisers Act of 1940"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
shared voting powerfinancial
"Shared Voting Power 6,762,623.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 6,762,623.00"
Investment Advisers Act of 1940regulatory
"HLA, an investment adviser registered under the Investment Advisers Act of 1940"
A U.S. federal law that sets rules for people and firms who give investment advice, requiring them to register with regulators, be honest about conflicts, keep records, and follow basic standards of care. It matters to investors because those rules act like licensing and consumer protections — similar to having safety standards for a mechanic — helping ensure advisers act in clients’ financial interests and reducing the risk of fraud or misuse of funds.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake in Granite Ridge Resources (GRNT) do Hamilton Lane and the University of Michigan report?
Hamilton Lane Advisors and the Regents of the University of Michigan report beneficial ownership of 6,762,623 shares of Granite Ridge Resources common stock, representing 5.1% of the outstanding common stock based on 131,895,990 shares as of June 15, 2026.
How is voting power over Granite Ridge Resources (GRNT) shares allocated in this Schedule 13G/A?
Both Hamilton Lane Advisors and the Regents of the University of Michigan report 0 shares of sole voting power and 6,762,623 shares of shared voting power in Granite Ridge Resources common stock under their investment management agreement.
Who actually owns the Granite Ridge (GRNT) shares reported in this filing?
The Regents of the University of Michigan own the Granite Ridge common stock, while Hamilton Lane Advisors, as investment adviser to the Regents, may be deemed a beneficial owner because investment discretion and voting power over the shares have been delegated to it.
What is the total number of Granite Ridge Resources (GRNT) shares outstanding used to calculate the 5.1% stake?
The reported 5.1% ownership is calculated using 131,895,990 shares of Granite Ridge Resources common stock outstanding as of June 15, 2026, as disclosed in the company’s proxy statement filed on June 25, 2026.
Do Hamilton Lane or the University of Michigan have sole dispositive power over Granite Ridge (GRNT) shares?
Both Hamilton Lane Advisors and the Regents of the University of Michigan report 0 shares of sole dispositive power and 6,762,623 shares of shared dispositive power over Granite Ridge Resources common stock in this Schedule 13G/A.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Granite Ridge Resources, Inc.
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
387432107
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
387432107
1
Names of Reporting Persons
Hamilton Lane Advisors, L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
PENNSYLVANIA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
6,762,623.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
6,762,623.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
6,762,623.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.1 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
387432107
1
Names of Reporting Persons
Regents of the University of Michigan
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
MICHIGAN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
6,762,623.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
6,762,623.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
6,762,623.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.1 %
12
Type of Reporting Person (See Instructions)
EP
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Granite Ridge Resources, Inc.
(b)
Address of issuer's principal executive offices:
5217 McKinney Ave, Suite 400, Dallas, Texas, 75205
Item 2.
(a)
Name of person filing:
(i) Hamilton Lane Advisors, L.L.C. ("HLA")
(ii) Regents of the University of Michigan ("UM")
(b)
Address or principal business office or, if none, residence:
(i) 110 Washington Street, Suite 1300, Conshohocken, PA 19428
(ii) 101 N. Main St., Suite 600, Ann Arbor, MI 48104
(c)
Citizenship:
(i) Pennsylvania
(ii) Michigan
(d)
Title of class of securities:
Common Stock, par value $0.0001 per share
(e)
CUSIP No.:
387432107
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Items 4(a)-(c) with respect to each Reporting Person is set forth in Rows 5-11 of the applicable cover page hereto, and is incorporated herein by reference.
HLA, an investment adviser registered under the Investment Advisers Act of 1940, shares beneficial ownership of 6,762,623.00 shares of Common Stock, par value $0.0001 per share (the "Common Stock") of Granite Ridge Resources, Inc. (the "Issuer"), in its capacity as investment adviser, with its client, UM. Pursuant to the investment management agreement entered into by HLA and UM, investment discretion and voting power over the shares held by UM has been delegated to HLA.
(b)
Percent of class:
See the information set forth in Row 11 on each cover page.
Calculations of the percentage of shares of Common Stock beneficially owned are based on 131,895,990 shares of Common Stock outstanding as of June 15, 2026, as set forth in the Issuer's Proxy Statement filed with the Securities and Exchange Commission on June 25, 2026.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See the information set forth in Row 5 on each cover page.
(ii) Shared power to vote or to direct the vote:
See the information set forth in Row 6 on each cover page.
(iii) Sole power to dispose or to direct the disposition of:
See the information set forth in Row 7 on each cover page.
(iv) Shared power to dispose or to direct the disposition of:
See the information set forth in Row 8 on each cover page.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
HLA, in its capacity as investment adviser to UM, may be deemed to be the beneficial owner of the Common Stock owned by UM.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
