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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
CAN
301
Cetera Advisor Networks
California
$598K +$5.62K +27 +0.9%
KF
302
Krilogy Financial
Missouri
$592K +$386K +1,854 +145%
MIM
303
MetLife Investment Management
New Jersey
$590K – – –
JIC
304
Johnson Investment Counsel
Ohio
$583K – – –
CIC
305
Crawford Investment Counsel
Georgia
$578K -$3.75K -18 -0.6%
Wealthfront Advisers
306
Wealthfront Advisers
California
$575K +$633K +3,042 New
Bank of Nova Scotia
307
Bank of Nova Scotia
Ontario, Canada
$573K +$279K +1,341 +79%
RA
308
RiverPark Advisors
New York
$568K -$101K -486 -14%
MGP
309
Metis Global Partners
California
$566K +$212K +1,017 +51%
AAS
310
Avantax Advisory Services
Texas
$561K -$105K -504 -15%
PP
311
Patten & Patten
Tennessee
$544K – – –
IMOV
312
Investment Management of Virginia
Virginia
$517K – – –
CIS
313
Continental Investors Services
Washington
$514K – – –
EWM
314
Evercore Wealth Management
New York
$514K +$37.5K +180 +7%
BAM
315
Belpointe Asset Management
Nevada
$511K +$187K +900 +50%
MS
316
Madden Securities
Texas
$510K – – –
M
317
MOTCO
Texas
$510K +$93.7K +450 +20%
BHCM
318
Boulder Hill Capital Management
New York
$510K +$562K +2,700 New
CCM
319
Condor Capital Management
New Jersey
$510K +$562K +2,700 New
Mackenzie Financial
320
Mackenzie Financial
Ontario, Canada
$505K +$5.62K +27 +1%
JMPWA
321
JP Morgan Private Wealth Advisors
California
$504K -$114K -549 -17%
DJFS
322
Dean Jacobson Financial Services
Texas
$502K – – –
National Bank of Canada
323
National Bank of Canada
Quebec, Canada
$493K +$474K +2,277 +1,100%
PA
324
PFG Advisors
Arizona
$476K – – –
SWA
325
SFMG Wealth Advisors
Texas
$452K – – –
11 12
13
14 15

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.