Texas Pacific Land
TPL
482 hedge funds and large institutions have $10.9B invested in Texas Pacific Land in 2022 Q4 according to their latest regulatory filings, with 88 funds opening new positions, 130 increasing their positions, 165 reducing their positions, and 27 closing their positions.
226% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 27
35% more capital invested
Capital invested by funds: $8.07B → $10.9B (+$2.8B)
16.2% more ownership
Funds ownership: 529.39% → 545.59% (+16%)
12% more funds holding
Funds holding: 431 → 482 (+51)
3% less funds holding in top 10
Funds holding in top 10: 33 → 32 (-1)
21% less repeat investments, than reductions
Existing positions increased: 130 | Existing positions reduced: 165
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $2.67M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$204M |
| 2 |
Morgan Stanley
New York
|
+$50.6M |
| 3 |
State Street
Boston,
Massachusetts
|
+$47.5M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$43.5M |
| 5 |
D.E. Shaw & Co
New York
|
+$23.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HKAM
Horizon Kinetics Asset Management
New York
|
-$134M |
| 2 |
Neuberger Berman Group
New York
|
-$37.5M |
| 3 |
SIC
Schwartz Investment Counsel
Plymouth,
Michigan
|
-$19.8M |
| 4 |
FFA
First Foundation Advisors
Irvine,
California
|
-$16.9M |
| 5 |
MG
Markel Group
Glen Allen,
Virginia
|
-$14M |
TPL Hedge Fund Activity: Q4 2022 in Review
482 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q4 2022, worth a combined $10.9B — up 35% from $8.07B a quarter earlier.
Buyers outnumbered sellers: 88 funds opened new TPL positions and 27 closed out — a net gain of 61 holders — while 130 added to existing stakes and 165 trimmed.
The largest buyer was BlackRock, adding an estimated $204M. The largest seller was Horizon Kinetics Asset Management, cutting an estimated $134M.
- 482 institutional investors held Texas Pacific Land (TPL) as of Q4 2022, up from 431 in Q3 2022.
- Funds reported $10.9B of Texas Pacific Land stock for Q4 2022, up 35% quarter-over-quarter.
- 88 funds opened new Texas Pacific Land positions in Q4 2022 and 27 closed out, a net change of +61 holders.
- The largest Texas Pacific Land buyer in Q4 2022 was BlackRock, an estimated $204M added.
- The largest Texas Pacific Land seller in Q4 2022 was Horizon Kinetics Asset Management, an estimated $134M sold.
Based on aggregated 13F filings for Q4 2022.