Texas Pacific Land
TPL
430 hedge funds and large institutions have $6.16B invested in Texas Pacific Land in 2023 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 156 increasing their positions, 135 reducing their positions, and 70 closing their positions.
16% more repeat investments, than reductions
Existing positions increased: 156 | Existing positions reduced: 135
0% more funds holding in top 10
Funds holding in top 10: 26 → 26 (0)
7% less funds holding
Funds holding: 463 → 430 (-33)
10.77% less ownership
Funds ownership: 555.55% → 544.78% (-11%)
23% less capital invested
Capital invested by funds: $8.01B → $6.16B (-$1.85B)
44% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 70
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$20.6M |
| 2 |
Morgan Stanley
New York
|
+$13.4M |
| 3 |
TAM
Tocqueville Asset Management
New York
|
+$11.8M |
| 4 |
BNP Paribas Asset Management
Paris,
France
|
+$9.05M |
| 5 |
Legal & General Group
London,
United Kingdom
|
+$8.96M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Hodges Capital Management
Dallas,
Texas
|
-$53.8M |
| 2 |
Northern Trust
Chicago,
Illinois
|
-$26.6M |
| 3 |
HKAM
Horizon Kinetics Asset Management
New York
|
-$22M |
| 4 |
EFS
Essex Financial Services
Essex,
Connecticut
|
-$21M |
| 5 |
Neuberger Berman Group
New York
|
-$18.4M |
TPL Hedge Fund Activity: Q2 2023 in Review
430 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q2 2023, worth a combined $6.16B — down 23% from $8.01B a quarter earlier.
Sellers outnumbered buyers: 70 funds closed out of TPL and 39 opened new positions — a net loss of 31 holders — while 135 trimmed existing stakes and 156 added.
The largest buyer was State Street, adding an estimated $20.6M. The largest seller was Hodges Capital Management, cutting an estimated $53.8M.
- 430 institutional investors held Texas Pacific Land (TPL) as of Q2 2023, down from 463 in Q1 2023.
- Funds reported $6.16B of Texas Pacific Land stock for Q2 2023, down 23% quarter-over-quarter.
- 39 funds opened new Texas Pacific Land positions in Q2 2023 and 70 closed out, a net change of -31 holders.
- The largest Texas Pacific Land buyer in Q2 2023 was State Street, an estimated $20.6M added.
- The largest Texas Pacific Land seller in Q2 2023 was Hodges Capital Management, an estimated $53.8M sold.
Based on aggregated 13F filings for Q2 2023.