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Texas Pacific Land
TPL

66 hedge funds and large institutions have $487M invested in Texas Pacific Land in 2015 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 5

12.64% more ownership

Funds ownership: 367.75% → 380.39% (+13%)

6% more funds holding

Funds holding: 62 → 66 (+4)

7% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 14

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

5% less capital invested

Capital invested by funds: $515M → $487M (-$28M)

Holders
66
Holders Change
+4
Holders Change %
+6.45%
% of All Funds
1.84%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.17%
New
9
Increased
15
Reduced
14
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
HK
Horizon Kinetics
New York
+$6.76M
2
Wells Fargo
Wells Fargo
California
+$1.82M
3
ACM
Argentus Capital Management
Texas
+$1.1M
4
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$484K
5
BCM
Beddow Capital Management
Wyoming
+$416K

Top Sellers

1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$1.98M
2
CC
Cambrian Capital
California
-$919K
3
Citadel Advisors
Citadel Advisors
Florida
-$891K
4
HCM
Hodges Capital Management
Texas
-$515K
5
HCP
Holt Capital Partners
Texas
-$412K
Name Holding Trade Value Shares
Change 		Change in
Stake
Citadel Advisors
26
Citadel Advisors
Florida
$638K -$891K -59,958 -59%
Deutsche Bank
27
Deutsche Bank
Germany
$631K +$214K +14,400 +55%
Renaissance Technologies
28
Renaissance Technologies
New York
$630K +$214K +14,400 +55%
Two Sigma Investments
29
Two Sigma Investments
New York
$591K -$8.42K -567 -1%
Bank of America
30
Bank of America
North Carolina
$557K +$5.35K +360 +1%
CFA
31
CT Financial Advisors
Pennsylvania
$552K – – –
BCM
32
Beddow Capital Management
Wyoming
$437K +$416K +28,026 New
SCP
33
Syntal Capital Partners
Texas
$422K -$134K -9,009 -25%
FT
34
Fiduciary Trust
Massachusetts
$421K – – –
FM
35
Family Management
New York
$351K +$334K +22,500 New
TBA
36
Tower Bridge Advisors
Pennsylvania
$351K – – –
RC
37
RegentAtlantic Capital
New Jersey
$309K – – –
RFC
38
Regions Financial Corp
Alabama
$309K – – –
HI
39
Hendershot Investments
Virginia
$288K – – –
HIM
40
Hillsdale Investment Management
Ontario, Canada
$281K -$13.4K -900 -5%
KT
41
Kanaly Trust
Texas
$281K – – –
ICAS
42
Investors Capital Advisory Services
Massachusetts
$280K – – –
IIM
43
Ipswich Investment Management
Massachusetts
$273K – – –
PA
44
Pinnacle Associates
New York
$252K – – –
Fifth Third Bancorp
45
Fifth Third Bancorp
Ohio
$249K – – –
BRWA
46
B. Riley Wealth Advisors
Florida
$211K – – –
WCM
47
Westend Capital Management
California
$209K – – –
Carson Wealth (CWM LLC)
48
Carson Wealth (CWM LLC)
Nebraska
$206K +$197K +13,230 New
Envestnet Asset Management
49
Envestnet Asset Management
Illinois
$172K +$164K +11,025 New
TCOV
50
Trust Company of Vermont
Vermont
$140K – – –
1
2
3

TPL Hedge Fund Activity: Q3 2015 in Review

66 of the 3,581 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q3 2015, worth a combined $487M — down 5.4% from $515M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new TPL positions and 5 closed out — a net gain of 4 holders — while 15 added to existing stakes and 14 trimmed.

The largest buyer was Horizon Kinetics, adding an estimated $6.76M. The largest seller was DePrince Race & Zollo Inc (DRZ), cutting an estimated $1.98M.

  • 66 institutional investors held Texas Pacific Land (TPL) as of Q3 2015, up from 62 in Q2 2015.
  • Funds reported $487M of Texas Pacific Land stock for Q3 2015, down 5.4% quarter-over-quarter.
  • 9 funds opened new Texas Pacific Land positions in Q3 2015 and 5 closed out, a net change of +4 holders.
  • The largest Texas Pacific Land buyer in Q3 2015 was Horizon Kinetics, an estimated $6.76M added.
  • The largest Texas Pacific Land seller in Q3 2015 was DePrince Race & Zollo Inc (DRZ), an estimated $1.98M sold.

Based on aggregated 13F filings for Q3 2015.