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Select Equity Group’s Texas Pacific Land TPL Stock Holding History

Select Equity Group’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
2015 Q1	–	Sell	-357,048	Closed	-$4.68M	–	118
2014 Q4	$4.68M	Sell	357,048 -275,994	-44%	-$4.54M	0.04%	100
2014 Q3	$13.5M	Sell	633,042 -927,468	-59%	-$19M	0.15%	86
2014 Q2	$27.8M	Sell	1,560,510 -512,559	-25%	-$8.44M	0.29%	63
2014 Q1	$29.8M	Sell	2,073,069 -969,309	-32%	-$12.7M	0.33%	55
2013 Q4	$33.8M	Sell	3,042,378 -1,020,240	-25%	-$10.5M	0.38%	60
2013 Q3	$38.2M	Sell	4,062,618 -938,943	-19%	-$8.85M	0.55%	51
2013 Q2	$46.9M	Buy	+5,001,561	New	+$43.1M	0.76%	45

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 Group Zurich, Switzerland $564B AUM 30.12% 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

DePrince Race & Zollo Inc (DRZ) Winter Park, Florida $5.29B AUM 20.14% 1-Year Est. Return

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

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

Mad River Investors Boston, Massachusetts $277M AUM 32.21% 1-Year Est. Return