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Texas Pacific Land
TPL

102 hedge funds and large institutions have $954M invested in Texas Pacific Land in 2016 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 18 increasing their positions, 29 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 6

20% more capital invested

Capital invested by funds: $795M → $954M (+$159M)

9% more funds holding

Funds holding: 94 → 102 (+8)

0% more funds holding in top 10

Funds holding in top 10: 7 → 7 (0)

6.78% less ownership

Funds ownership: 374.02% → 367.23% (-6.8%)

38% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 29

Holders
102
Holders Change
+8
Holders Change %
+8.51%
% of All Funds
2.55%
Holding in Top 10
7
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.17%
New
15
Increased
18
Reduced
29
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KL
KGH Ltd
Bahamas
+$11.1M
2
HK
Horizon Kinetics
New York
+$7.4M
3
Millennium Management
Millennium Management
New York
+$5.35M
4
Morgan Stanley
Morgan Stanley
New York
+$2.95M
5
Capital World Investors
Capital World Investors
California
+$2.06M

Top Sellers

1
UBS Group
UBS Group
Switzerland
-$17.3M
2
HCM
Hodges Capital Management
Texas
-$15.2M
3
LKIM
Lawson Kroeker Investment Management
Nebraska
-$8.99M
4
APCM
Arbiter Partners Capital Management
New York
-$8.23M
5
PHAM
Pacific Heights Asset Management
California
-$4.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
State Street
26
State Street
Massachusetts
$2.36M +$338K +10,800 +18%
Capital World Investors
27
Capital World Investors
California
$2.17M +$2.06M +65,871 New
LIM
28
Lagoda Investment Management
New York
$2.06M +$1.95M +62,352 New
GCP
29
GSA Capital Partners
United Kingdom
$1.96M +$102K +3,240 +6%
Bank of America
30
Bank of America
North Carolina
$1.89M -$5.08K -162 -0.3%
HCP
31
Holt Capital Partners
Texas
$1.74M – – –
RJA
32
Raymond James & Associates
Florida
$1.74M +$496K +15,840 +43%
DRZID
33
DePrince Race & Zollo Inc (DRZ)
Florida
$1.63M -$70.5K -2,250 -4%
Brown Advisory
34
Brown Advisory
Maryland
$1.55M -$480K -15,309 -25%
TBA
35
Tower Bridge Advisors
Pennsylvania
$1.42M – – –
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$1.34M -$397K -12,672 -24%
BG
37
Bahl & Gaynor
Ohio
$1.33M – – –
Fidelity Investments
38
Fidelity Investments
Massachusetts
$1.25M -$310K -9,900 -21%
CS
39
Credit Suisse
Switzerland
$1.23M +$182K +5,805 +19%
Two Sigma Investments
40
Two Sigma Investments
New York
$1.22M +$458K +14,616 +65%
BG
41
BlackRock Group
United Kingdom
$1.1M +$94.7K +3,024 +10%
Northern Trust
42
Northern Trust
Illinois
$1M -$177K -5,661 -16%
SCP
43
Syntal Capital Partners
Texas
$893K – – –
LIC
44
Lodestar Investment Counsel
Illinois
$890K -$141K -4,500 -14%
CFA
45
CT Financial Advisors
Pennsylvania
$885K -$21.1K -675 -2%
HAIM
46
Hunter Associates Investment Management
Pennsylvania
$831K – – –
MC
47
Moors & Cabot
Massachusetts
$770K +$729K +23,274 New
EA
48
Edge Advisors
Georgia
$682K +$649K +20,700 New
RC
49
RegentAtlantic Capital
New Jersey
$653K – – –
AA
50
ALPS Advisors
Colorado
$635K +$5.64K +180 +0.9%
1
2
3 4 5

TPL Hedge Fund Activity: Q4 2016 in Review

102 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q4 2016, worth a combined $954M — up 20% from $795M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new TPL positions and 6 closed out — a net gain of 9 holders — while 18 added to existing stakes and 29 trimmed.

The largest buyer was KGH Ltd, opening a new position worth an estimated $11.1M. The largest seller was UBS Group, cutting an estimated $17.3M.

  • 102 institutional investors held Texas Pacific Land (TPL) as of Q4 2016, up from 94 in Q3 2016.
  • Funds reported $954M of Texas Pacific Land stock for Q4 2016, up 20% quarter-over-quarter.
  • 15 funds opened new Texas Pacific Land positions in Q4 2016 and 6 closed out, a net change of +9 holders.
  • The largest Texas Pacific Land buyer in Q4 2016 was KGH Ltd, an estimated $11.1M added.
  • The largest Texas Pacific Land seller in Q4 2016 was UBS Group, an estimated $17.3M sold.

Based on aggregated 13F filings for Q4 2016.