Texas Pacific Land
471 hedge funds and large institutions have $7.46B invested in Texas Pacific Land in 2023 Q4 according to their latest regulatory filings, with 56 funds opening new positions, 151 increasing their positions, 157 reducing their positions, and 42 closing their positions.
33% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 42
14.9% more ownership
Funds ownership: 541.23% → 556.13% (+15%)
2% more funds holding
Funds holding: 464 → 471 (+7)
4% less repeat investments, than reductions
Existing positions increased: 151 | Existing positions reduced: 157
4% less funds holding in top 10
Funds holding in top 10: 28 → 27 (-1)
11% less capital invested
Capital invested by funds: $8.42B → $7.46B (-$960M)
Top Buyers
| 1 |
Morgan Stanley
New York
|
+$109M |
| 2 |
BlackRock
New York
|
+$29.1M |
| 3 |
HCM
Hodges Capital Management
Dallas,
Texas
|
+$27.9M |
| 4 |
State Street
Boston,
Massachusetts
|
+$26M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$17.2M |
Top Sellers
| 1 |
HKAM
Horizon Kinetics Asset Management
New York
|
-$71.3M |
| 2 |
Millennium Management
New York
|
-$26M |
| 3 |
MRI
Mad River Investors
Boston,
Massachusetts
|
-$11.9M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$10.1M |
| 5 |
WCA
Waratah Capital Advisors
Toronto,
Ontario, Canada
|
-$7.76M |
TPL Hedge Fund Activity: Q4 2023 in Review
471 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q4 2023, worth a combined $7.46B — down 11% from $8.42B a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new TPL positions and 42 closed out — a net gain of 14 holders — while 151 added to existing stakes and 157 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $109M. The largest seller was Horizon Kinetics Asset Management, cutting an estimated $71.3M.
- 471 institutional investors held Texas Pacific Land (TPL) as of Q4 2023, up from 464 in Q3 2023.
- Funds reported $7.46B of Texas Pacific Land stock for Q4 2023, down 11% quarter-over-quarter.
- 56 funds opened new Texas Pacific Land positions in Q4 2023 and 42 closed out, a net change of +14 holders.
- The largest Texas Pacific Land buyer in Q4 2023 was Morgan Stanley, an estimated $109M added.
- The largest Texas Pacific Land seller in Q4 2023 was Horizon Kinetics Asset Management, an estimated $71.3M sold.
Based on aggregated 13F filings for Q4 2023.