T. Rowe Price trims Landbridge (LB) stake to 4.6% of common stock

Rhea-AI Filing Summary

T. Rowe Price Investment Management, Inc. filed an amended Schedule 13G reporting its holdings in LANDBRIDGE CO LLC-A common stock. The firm reports beneficial ownership of 1,276,671 shares, representing 4.6% of the class. All of these shares are reported with sole voting power and sole dispositive power, with no shared voting or dispositive authority. The filer also notes that this filing reflects ownership of 5 percent or less of the class and expressly denies being the beneficial owner of the securities beyond what is required for reporting purposes.

Key Figures

Shares beneficially owned: 1,276,671 shares Percent of class owned: 4.6% Sole voting power: 1,276,671 shares +2 more

5 metrics

Shares beneficially owned 1,276,671 shares Common stock of LANDBRIDGE CO LLC-A reported by T. Rowe Price Investment Management, Inc.

Percent of class owned 4.6% Portion of LANDBRIDGE CO LLC-A common stock class reported as beneficially owned

Sole voting power 1,276,671 shares Shares over which T. Rowe Price Investment Management, Inc. has sole power to vote

Shared voting power 0 shares Shares over which voting power is shared

Sole dispositive power 1,276,671 shares Shares over which T. Rowe Price Investment Management, Inc. has sole power to dispose

Key Terms

beneficially owned, Sole Voting Power, Sole Dispositive Power, Ownership of 5 Percent or Less of a Class, +1 more

5 terms

beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 1276671"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Voting Power financial

"5 | Sole Voting Power 1,276,671.00 6 | Shared Voting Power 0.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Sole Dispositive Power financial

"7 | Sole Dispositive Power 1,276,671.00 8 | Shared Dispositive Power 0.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Ownership of 5 Percent or Less of a Class regulatory

"Item 5. | Ownership of 5 Percent or Less of a Class."

Schedule 13G regulatory

"T. Rowe Price Investment Management, Inc. hereby declares and affirms that the filing of"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

FAQ

What percentage of LANDBRIDGE CO LLC-A (LB) does T. Rowe Price Investment Management report owning?

T. Rowe Price Investment Management reports owning 4.6% of LANDBRIDGE CO LLC-A common stock. This corresponds to 1,276,671 shares, all reported with sole voting and sole dispositive power under an amended Schedule 13G filing.

How many LANDBRIDGE CO LLC-A (LB) shares does T. Rowe Price Investment Management hold?

T. Rowe Price Investment Management reports beneficial ownership of 1,276,671 shares of LANDBRIDGE CO LLC-A common stock. These shares represent 4.6% of the class and are all held with sole voting and sole dispositive power.

Does T. Rowe Price Investment Management share voting power over LANDBRIDGE CO LLC-A (LB) shares?

No. The filing states sole voting power over 1,276,671 shares and shared voting power of 0 shares. It also reports sole dispositive power over the same 1,276,671 shares with no shared dispositive authority.

What does the Schedule 13G/A for LANDBRIDGE CO LLC-A (LB) say about beneficial ownership?

T. Rowe Price Investment Management reports beneficial ownership of 1,276,671 shares, but expressly states that the filing shall not be construed as an admission that it is the beneficial owner of the securities referenced.

Is T. Rowe Price Investment Management reporting more than 5% ownership of LANDBRIDGE CO LLC-A (LB)?

No. The filer reports ownership of 4.6% of the class. Item 5 is marked to indicate ownership of 5 percent or less of LANDBRIDGE CO LLC-A common stock under this amended Schedule 13G.

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Available on EDGAR 08/14/2026 - 10:42 AM Accepted by SEC EDGAR 08/14/2026 - 10:39 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

LANDBRIDGE CO LLC-A

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

514952100

(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): 514952100

1

Names of Reporting Persons

T. Rowe Price Investment Management, Inc.

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

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,276,671.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,276,671.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,276,671.00

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)

4.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: LANDBRIDGE CO LLC-A
(b)	Address of issuer's principal executive offices: 5555 SAN FELIPE STREET, SUITE 1200, HOUSTON, TX, 77056
Item 2.
(a)	Name of person filing: T. Rowe Price Investment Management, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 514952100
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: 1276671
(b)	Percent of class: 4.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1276671
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1276671
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
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. T. Rowe Price Investment Management, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Investment Management is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

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.

T. Rowe Price Investment Management, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	08/14/2026