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Texas Pacific Land
TPL

463 hedge funds and large institutions have $8.01B invested in Texas Pacific Land in 2023 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 151 increasing their positions, 150 reducing their positions, and 61 closing their positions.

New
Increased
Maintained
Reduced
Closed

9.97% more ownership

Funds ownership: 545.59% → 555.55% (+10%)

1% more repeat investments, than reductions

Existing positions increased: 151 | Existing positions reduced: 150

4% less funds holding

Funds holding: 482 → 463 (-19)

18% less first-time investments, than exits

New positions opened: 50 | Existing positions closed: 61

19% less funds holding in top 10

Funds holding in top 10: 32 → 26 (-6)

26% less capital invested

Capital invested by funds: $10.9B → $8.01B (-$2.85B)

Holders
463
Holders Change
-19
Holders Change %
-3.94%
% of All Funds
7.38%
Holding in Top 10
26
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-18.75%
% of All Funds
0.41%
New
50
Increased
151
Reduced
150
Closed
61
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
HCM
Hodges Capital Management
Texas
+$63.9M
2
BlackRock
BlackRock
New York
+$45.3M
3
Wells Fargo
Wells Fargo
California
+$24M
4
Voloridge Investment Management
Voloridge Investment Management
Florida
+$21.3M
5
Renaissance Technologies
Renaissance Technologies
New York
+$20.1M

Top Sellers

1
First Trust Advisors
First Trust Advisors
Illinois
-$30.9M
2
HKAM
Horizon Kinetics Asset Management
New York
-$26.5M
3
SI
Scout Investments
Missouri
-$15.8M
4
UCFA
United Capital Financial Advisors
Texas
-$14.4M
5
FFA
First Foundation Advisors
California
-$10M
Name Holding Trade Value Shares
Change 		Change in
Stake
SMDAM
276
Sumitomo Mitsui DS Asset Management
Japan
$743K – – –
Kayne Anderson Rudnick Investment Management
277
Kayne Anderson Rudnick Investment Management
California
$738K – – –
OIA
278
OneDigital Investment Advisors
Kansas
$726K +$60K +288 +8%
DekaBank Deutsche Girozentrale
279
DekaBank Deutsche Girozentrale
Germany
$724K +$37.5K +180 +5%
AFG
280
Allegheny Financial Group
Pennsylvania
$722K – – –
BF
281
BOK Financial
Oklahoma
$721K -$3.75K -18 -0.5%
NCG
282
Newport Capital Group
New Jersey
$715K +$572K +2,745 New
Daiwa Securities Group
283
Daiwa Securities Group
Japan
$714K +$187K +900 +31%
RAM
284
Redmond Asset Management
Virginia
$691K -$93.7K -450 -11%
WP
285
WealthSource Partners
California
$689K -$39.4K -189 -5%
Rockefeller Capital Management
286
Rockefeller Capital Management
New York
$685K -$31.9K -153 -4%
VRS
287
Virginia Retirement Systems
Virginia
$680K – – –
PP
288
Prudential plc
United Kingdom
$672K -$157K -756 -18%
BNP Paribas Asset Management
289
BNP Paribas Asset Management
France
$667K +$61.8K +297 +9%
SFP
290
Sandbox Financial Partners
Maryland
$653K +$186K +891 +35%
MA
291
Mutual Advisors
Nebraska
$628K +$171K +819 +33%
VIM
292
VELA Investment Management
Ohio
$628K -$1.08M -5,184 -61%
Nordea Investment Management
293
Nordea Investment Management
Sweden
$625K -$41.2K -198 -6%
MIM
294
Meixler Investment Management
Arizona
$624K -$332K -1,593 -33%
WT
295
Whittier Trust
California
$624K +$1.87K +9 +0.3%
LCWP
296
Legacy Capital Wealth Partners
Arkansas
$623K +$686K +3,294 New
TYCC
297
Texas Yale Capital Corp
Florida
$612K – – –
ECM
298
Evergreen Capital Management
Washington
$609K +$191K +918 +40%
SIG
299
Stonegate Investment Group
Alabama
$607K -$11.2K -54 -2%
CG
300
Caprock Group
Idaho
$604K -$1.87K -9 -0.3%
10 11
12
13 14

TPL Hedge Fund Activity: Q1 2023 in Review

463 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q1 2023, worth a combined $8.01B — down 26% from $10.9B a quarter earlier.

Sellers outnumbered buyers: 61 funds closed out of TPL and 50 opened new positions — a net loss of 11 holders — while 150 trimmed existing stakes and 151 added.

The largest buyer was Hodges Capital Management, adding an estimated $63.9M. The largest seller was First Trust Advisors, cutting an estimated $30.9M.

  • 463 institutional investors held Texas Pacific Land (TPL) as of Q1 2023, down from 482 in Q4 2022.
  • Funds reported $8.01B of Texas Pacific Land stock for Q1 2023, down 26% quarter-over-quarter.
  • 50 funds opened new Texas Pacific Land positions in Q1 2023 and 61 closed out, a net change of -11 holders.
  • The largest Texas Pacific Land buyer in Q1 2023 was Hodges Capital Management, an estimated $63.9M added.
  • The largest Texas Pacific Land seller in Q1 2023 was First Trust Advisors, an estimated $30.9M sold.

Based on aggregated 13F filings for Q1 2023.