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Texas Pacific Land
TPL

62 hedge funds and large institutions have $679M invested in Texas Pacific Land in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 17 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 3

18% more capital invested

Capital invested by funds: $577M → $679M (+$102M)

17% more funds holding in top 10

Funds holding in top 10: 6 → 7 (+1)

3% more funds holding

Funds holding: 60 → 62 (+2)

6.58% less ownership

Funds ownership: 383.69% → 377.11% (-6.6%)

12% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 17

Holders
62
Holders Change
+2
Holders Change %
+3.33%
% of All Funds
1.8%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.2%
New
5
Increased
15
Reduced
17
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
+$5.87M
2
HK
Horizon Kinetics
New York
+$4.06M
3
California Public Employees Retirement System
California Public Employees Retirement System
California
+$3.06M
4
Morgan Stanley
Morgan Stanley
New York
+$1.65M
5
JP Morgan Chase
JP Morgan Chase
New York
+$801K

Top Sellers

1
Select Equity Group
Select Equity Group
New York
-$19M
2
U
UBS
Switzerland
-$4.15M
3
LKIM
Lawson Kroeker Investment Management
Nebraska
-$3.24M
4
Wells Fargo
Wells Fargo
California
-$2.24M
5
BGA
Belmont Global Advisors
Texas
-$775K
Name Holding Trade Value Shares
Change 		Change in
Stake
BGA
26
Belmont Global Advisors
Texas
$770K -$775K -37,800 -51%
SCP
27
Syntal Capital Partners
Texas
$769K – – –
PNC Financial Services Group
28
PNC Financial Services Group
Pennsylvania
$754K +$86.4K +4,212 +14%
Citadel Advisors
29
Citadel Advisors
Florida
$742K +$131K +6,372 +22%
FT
30
Fiduciary Trust
Massachusetts
$616K -$36.9K -1,800 -6%
GCP
31
GSA Capital Partners
United Kingdom
$558K -$92.3K -4,500 -15%
TBA
32
Tower Bridge Advisors
Pennsylvania
$481K -$92.3K -4,500 -17%
CSIC
33
Clifford Swan Investment Counsel
California
$481K – – –
PCM
34
Palisade Capital Management
New Jersey
$481K +$462K +22,500 New
RC
35
RegentAtlantic Capital
New Jersey
$423K – – –
RFC
36
Regions Financial Corp
Alabama
$423K – – –
AG
37
Aperio Group
California
$399K -$369 -18 -0.1%
BG
38
Bahl & Gaynor
Ohio
$385K – – –
KT
39
Kanaly Trust
Texas
$385K – – –
ICAS
40
Investors Capital Advisory Services
Massachusetts
$384K – – –
PA
41
Pinnacle Associates
New York
$346K – – –
HI
42
Hendershot Investments
Virginia
$289K – – –
TAM
43
Tocqueville Asset Management
New York
$289K – – –
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
$268K +$74.8K +3,645 +41%
IIM
45
Ipswich Investment Management
Massachusetts
$260K +$18.5K +900 +8%
PWAP
46
Private Wealth Advisors (Pennsylvania)
Pennsylvania
$259K – – –
HAIM
47
Hunter Associates Investment Management
Pennsylvania
$241K – – –
Stifel Financial
48
Stifel Financial
Missouri
$239K +$229K +11,169 New
WCM
49
Westend Capital Management
California
$230K – – –
Neuberger Berman Group
50
Neuberger Berman Group
New York
$228K +$219K +10,692 New
1
2
3

TPL Hedge Fund Activity: Q3 2014 in Review

62 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q3 2014, worth a combined $679M — up 18% from $577M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new TPL positions and 3 closed out — a net gain of 2 holders — while 15 added to existing stakes and 17 trimmed.

The largest buyer was DePrince Race & Zollo Inc (DRZ), adding an estimated $5.87M. The largest seller was Select Equity Group, cutting an estimated $19M.

  • 62 institutional investors held Texas Pacific Land (TPL) as of Q3 2014, up from 60 in Q2 2014.
  • Funds reported $679M of Texas Pacific Land stock for Q3 2014, up 18% quarter-over-quarter.
  • 5 funds opened new Texas Pacific Land positions in Q3 2014 and 3 closed out, a net change of +2 holders.
  • The largest Texas Pacific Land buyer in Q3 2014 was DePrince Race & Zollo Inc (DRZ), an estimated $5.87M added.
  • The largest Texas Pacific Land seller in Q3 2014 was Select Equity Group, an estimated $19M sold.

Based on aggregated 13F filings for Q3 2014.