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Texas Pacific Land
TPL

54 hedge funds and large institutions have $380M invested in Texas Pacific Land in 2013 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

86% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 7

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

17% more capital invested

Capital invested by funds: $324M → $380M (+$56.6M)

8% more funds holding

Funds holding: 50 → 54 (+4)

1.95% more ownership

Funds ownership: 398.81% → 400.76% (+2%)

0% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 13

Holders
54
Holders Change
+4
Holders Change %
+8%
% of All Funds
1.57%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.12%
New
13
Increased
13
Reduced
13
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
HK
Horizon Kinetics
New York
+$10.3M
2
HCM
Hodges Capital Management
Texas
+$2.8M
3
U
UBS
Switzerland
+$2.71M
4
FDS
First Dallas Securities
Texas
+$1.97M
5
Wells Fargo
Wells Fargo
California
+$469K

Top Sellers

1
Select Equity Group
Select Equity Group
New York
-$10.5M
2
FPP
Findlay Park Partners
United Kingdom
-$8.24M
3
PRHC
P.R. Herzig & Co
New York
-$845K
4
Goldman Sachs
Goldman Sachs
New York
-$554K
5
US Bancorp
US Bancorp
Minnesota
-$255K
Name Holding Trade Value Shares
Change 		Change in
Stake
GCP
26
GSA Capital Partners
United Kingdom
$366K +$111K +10,791 +48%
FT
27
Fiduciary Trust
Massachusetts
$350K – – –
PNC Financial Services Group
28
PNC Financial Services Group
Pennsylvania
$345K – – –
TC
29
TFS Capital
Pennsylvania
$328K -$210K -20,331 -41%
TBA
30
Tower Bridge Advisors
Pennsylvania
$300K +$46.4K +4,500 +20%
Deutsche Bank
31
Deutsche Bank
Germany
$264K +$144K +13,959 +141%
CSIC
32
Clifford Swan Investment Counsel
California
$250K – – –
OC
33
Oppenheimer & Co
New York
$250K – – –
HAIM
34
Hunter Associates Investment Management
Pennsylvania
$240K – – –
LPL Financial
35
LPL Financial
California
$233K -$371 -36 -0.2%
RC
36
RegentAtlantic Capital
New Jersey
$220K +$204K +19,800 New
RFC
37
Regions Financial Corp
Alabama
$220K +$204K +19,800 New
BGA
38
Belmont Global Advisors
Texas
$200K +$186K +18,000 New
KT
39
Kanaly Trust
Texas
$200K +$186K +18,000 New
TAM
40
Tocqueville Asset Management
New York
$200K +$186K +18,000 New
Invesco
41
Invesco
Georgia
$155K – – –
WCM
42
Westend Capital Management
California
$140K +$130K +12,600 New
Bank of Montreal
43
Bank of Montreal
Ontario, Canada
$100K – – –
TCOV
44
Trust Company of Vermont
Vermont
$100K – – –
WEC
45
Winslow Evans & Crocker
Massachusetts
$64K +$59.9K +5,805 New
PCM
46
Prelude Capital Management
New York
$63K +$58.5K +5,670 New
BBHC
47
Brown Brothers Harriman & Co
New York
$60K -$254K -24,624 -82%
Royal Bank of Canada
48
Royal Bank of Canada
Ontario, Canada
$53K -$9.28K -900 -16%
MFS
49
MSI Financial Services
Massachusetts
$50K – – –
WA
50
WFG Advisors
Texas
$20K – – –
1
2
3

TPL Hedge Fund Activity: Q4 2013 in Review

54 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q4 2013, worth a combined $380M — up 17% from $324M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new TPL positions and 7 closed out — a net gain of 6 holders — while 13 added to existing stakes and 13 trimmed.

The largest buyer was Horizon Kinetics, adding an estimated $10.3M. The largest seller was Select Equity Group, cutting an estimated $10.5M.

  • 54 institutional investors held Texas Pacific Land (TPL) as of Q4 2013, up from 50 in Q3 2013.
  • Funds reported $380M of Texas Pacific Land stock for Q4 2013, up 17% quarter-over-quarter.
  • 13 funds opened new Texas Pacific Land positions in Q4 2013 and 7 closed out, a net change of +6 holders.
  • The largest Texas Pacific Land buyer in Q4 2013 was Horizon Kinetics, an estimated $10.3M added.
  • The largest Texas Pacific Land seller in Q4 2013 was Select Equity Group, an estimated $10.5M sold.

Based on aggregated 13F filings for Q4 2013.