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Texas Pacific Land
TPL

79 hedge funds and large institutions have $495M invested in Texas Pacific Land in 2016 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 21 increasing their positions, 19 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 6

17% more funds holding in top 10

Funds holding in top 10: 6 → 7 (+1)

11% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 19

10% more capital invested

Capital invested by funds: $450M → $495M (+$45.2M)

4% more funds holding

Funds holding: 76 → 79 (+3)

0.55% more ownership

Funds ownership: 376.84% → 377.39% (+0.55%)

Holders
79
Holders Change
+3
Holders Change %
+3.95%
% of All Funds
2.1%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.19%
New
9
Increased
21
Reduced
19
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
HK
Horizon Kinetics
New York
+$4.02M
2
RJA
Raymond James & Associates
Florida
+$536K
3
Swiss National Bank
Swiss National Bank
Switzerland
+$453K
4
BCM
Beddow Capital Management
Wyoming
+$322K
5
SGAM
Steinberg Global Asset Management
Florida
+$322K

Top Sellers

1
HCM
Hodges Capital Management
Texas
-$5.42M
2
TP
Truvvo Partners
New York
-$2.56M
3
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$740K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$507K
5
VKH
Virtu KCG Holdings
New York
-$506K
Name Holding Trade Value Shares
Change 		Change in
Stake
HCP
26
Holt Capital Partners
Texas
$925K – – –
Deutsche Bank
27
Deutsche Bank
Germany
$870K -$258K -17,559 -25%
TBA
28
Tower Bridge Advisors
Pennsylvania
$844K – – –
LIC
29
Lodestar Investment Counsel
Illinois
$842K – – –
Renaissance Technologies
30
Renaissance Technologies
New York
$786K +$106K +7,191 +17%
BG
31
Bahl & Gaynor
Ohio
$698K – – –
Bank of America
32
Bank of America
North Carolina
$682K +$90.5K +6,165 +17%
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$605K -$507K -34,569 -48%
Two Sigma Investments
34
Two Sigma Investments
New York
$602K -$10.3K -702 -2%
RJA
35
Raymond James & Associates
Florida
$591K +$536K +36,540 New
CFA
36
CT Financial Advisors
Pennsylvania
$573K +$396 +27 +0.1%
UBS AM
37
UBS AM
Illinois
$497K +$149K +10,161 +49%
BG
38
BlackRock Group
United Kingdom
$475K +$179K +12,195 +71%
Northern Trust
39
Northern Trust
Illinois
$473K +$21.1K +1,440 +5%
SCP
40
Syntal Capital Partners
Texas
$437K – – –
CS
41
Credit Suisse
Switzerland
$382K -$52K -3,546 -13%
RC
42
RegentAtlantic Capital
New Jersey
$320K – – –
IIM
43
Ipswich Investment Management
Massachusetts
$314K +$6.6K +450 +2%
ICAS
44
Investors Capital Advisory Services
Massachusetts
$291K – – –
KT
45
Kanaly Trust
Texas
$291K – – –
PA
46
Pinnacle Associates
New York
$262K – – –
Fifth Third Bancorp
47
Fifth Third Bancorp
Ohio
$258K – – –
HI
48
Hendershot Investments
Virginia
$240K – – –
BRWA
49
B. Riley Wealth Advisors
Florida
$218K +$198K +13,500 New
Envestnet Asset Management
50
Envestnet Asset Management
Illinois
$208K -$35K -2,385 -16%
1
2
3 4

TPL Hedge Fund Activity: Q1 2016 in Review

79 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q1 2016, worth a combined $495M — up 10% from $450M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new TPL positions and 6 closed out — a net gain of 3 holders — while 21 added to existing stakes and 19 trimmed.

The largest buyer was Horizon Kinetics, adding an estimated $4.02M. The largest seller was Hodges Capital Management, cutting an estimated $5.42M.

  • 79 institutional investors held Texas Pacific Land (TPL) as of Q1 2016, up from 76 in Q4 2015.
  • Funds reported $495M of Texas Pacific Land stock for Q1 2016, up 10% quarter-over-quarter.
  • 9 funds opened new Texas Pacific Land positions in Q1 2016 and 6 closed out, a net change of +3 holders.
  • The largest Texas Pacific Land buyer in Q1 2016 was Horizon Kinetics, an estimated $4.02M added.
  • The largest Texas Pacific Land seller in Q1 2016 was Hodges Capital Management, an estimated $5.42M sold.

Based on aggregated 13F filings for Q1 2016.