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 $3.06B AUM 5.37% 1-Year Est. Return

Hodges Capital Management Dallas, Texas $1.51B AUM 85.85% 1-Year Est. Return

UBS Zurich, Switzerland $136B AUM 16.36% 1-Year Est. Return

Select Equity Group

Select Equity Group New York $20.2B AUM 17.52% 1-Year Est. Return

Pacific Heights Asset Management San Francisco, California $3.16B AUM 42.38% 1-Year Est. Return

First Manhattan

First Manhattan New York $39.2B AUM 21.04% 1-Year Est. Return

Lawson Kroeker Investment Management Omaha, Nebraska $361M AUM 22.26% 1-Year Est. Return

Arbiter Partners Capital Management New York $197M AUM 47.99% 1-Year Est. Return

Findlay Park Partners London, United Kingdom $7.41B AUM 26.32% 1-Year Est. Return

First Dallas Securities Dallas, Texas $303M AUM 47.81% 1-Year Est. Return

Advisory Research's TPL Position: Q4 2013 in Review

Advisory Research sold out of Texas Pacific Land (TPL) in Q4 2013, closing a stake of 22,500 shares — an estimated $212K sold.

Advisory Research first reported a position in TPL in Q2 2013 and held it in 2 quarters. The position peaked at $212K in Q3 2013. 54 funds tracked by Wall St. Rank hold TPL as of Q4 2013.

Advisory Research reported no remaining Texas Pacific Land position as of Q4 2013 after selling out during the quarter.
Advisory Research sold 22,500 Texas Pacific Land shares in Q4 2013, an estimated $212K.
Advisory Research first reported a position in Texas Pacific Land in Q2 2013 and held it in 2 quarters.
Advisory Research's Texas Pacific Land position peaked at $212K in Q3 2013.
54 funds tracked by Wall St. Rank held Texas Pacific Land as of Q4 2013.

Based on Advisory Research's 13F filing for Q4 2013, filed 14 Feb 2014.