Advisory Research’s Texas Pacific Land TPL Stock Holding History

Advisory Research’s Portfolio TPL Stock Details TPL Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2013 Q4	–	Sell	-22,500	Closed	-$212K	–	330
2013 Q3	$212K	Hold	22,500	–	–	﹤0.01%	292
2013 Q2	$211K	Buy	+22,500	New	+$194K	﹤0.01%	289

Other funds holding TPL

Horizon Kinetics New York $2.96B AUM 5.37% 1-Year Est. Return

Hodges Capital Management Dallas, Texas $1.21B AUM 49% 1-Year Est. Return

UBS Zurich, Switzerland $109B AUM 16.36% 1-Year Est. Return

Select Equity Group

Select Equity Group New York $18.8B AUM 17.33% 1-Year Est. Return

Pacific Heights Asset Management San Francisco, California $2.99B AUM 52.5% 1-Year Est. Return

First Manhattan

First Manhattan New York $36.1B AUM 11.5% 1-Year Est. Return

Lawson Kroeker Investment Management Omaha, Nebraska $343M AUM 17.29% 1-Year Est. Return

Arbiter Partners Capital Management New York $147M AUM 99.81% 1-Year Est. Return

Findlay Park Partners London, United Kingdom $7.17B AUM 17.27% 1-Year Est. Return

First Dallas Securities Dallas, Texas $270M AUM 39.24% 1-Year Est. Return