UBS’s Texas Pacific Land TPL Stock Holding History

UBS’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
2014 Q3	$62.1M	Sell	2,903,850 -202,257	-7%	-$4.15M	0.05%	416
2014 Q2	$55.3M	Sell	3,106,107 -270,423	-8%	-$4.46M	0.04%	411
2014 Q1	$48.6M	Sell	3,376,530 -302,598	-8%	-$3.95M	0.04%	412
2013 Q4	$40.9M	Buy	3,679,128 +263,169	+8%	+$2.71M	0.04%	468
2013 Q3	$32.1M	Buy	3,415,959 +256,518	+8%	+$2.42M	0.03%	499
2013 Q2	$29.6M	Buy	+3,159,441	New	+$27.2M	0.04%	482

Other funds holding TPL

Horizon Kinetics New York $3.06B AUM 5.37% 1-Year Est. Return

HCM

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

PHAM

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

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

LKIM

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

APCM

Arbiter Partners Capital Management New York $190M AUM 51.6% 1-Year Est. Return

Select Equity Group New York $19.5B AUM 17.33% 1-Year Est. Return

FDS

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

DRZID

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

MRI

Mad River Investors Boston, Massachusetts $268M AUM 31.54% 1-Year Est. Return

UBS's TPL Position: Q3 2014 in Review

UBS reduced its Texas Pacific Land (TPL) stake by 6.5% in Q3 2014, selling an estimated $4.15M and leaving 2,903,850 shares worth $62.1M. The position accounts for 0.05% of the portfolio, ranked #416.

UBS first reported a position in TPL in Q2 2013 and has held it in 6 quarters since. 62 funds tracked by Wall St. Rank hold TPL as of Q3 2014.

UBS held 2,903,850 shares of Texas Pacific Land worth $62.1M as of Q3 2014.
UBS sold 202,257 Texas Pacific Land shares in Q3 2014, an estimated $4.15M.
Texas Pacific Land made up 0.05% of UBS's portfolio in Q3 2014, its #416 holding.
UBS first reported a position in Texas Pacific Land in Q2 2013 and has held it in 6 quarters since.
62 funds tracked by Wall St. Rank held Texas Pacific Land as of Q3 2014.

Based on UBS's 13F filing for Q3 2014, filed 12 Nov 2014.