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Texas Pacific Land
TPL

219 hedge funds and large institutions have $1.65B invested in Texas Pacific Land in 2020 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 64 increasing their positions, 63 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 63

1.55% less ownership

Funds ownership: 424.45% → 422.9% (-1.6%)

7% less funds holding

Funds holding: 235 → 219 (-16)

24% less capital invested

Capital invested by funds: $2.18B → $1.65B (-$529M)

28% less funds holding in top 10

Funds holding in top 10: 18 → 13 (-5)

39% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 38

Holders
219
Holders Change
-16
Holders Change %
-6.81%
% of All Funds
4.42%
Holding in Top 10
13
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-27.78%
% of All Funds
0.26%
New
23
Increased
64
Reduced
63
Closed
38
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SIC
Schwartz Investment Counsel
Michigan
+$13.4M
2
HF
HRT Financial
New York
+$11.2M
3
CCPM
Cooper Creek Partners Management
New York
+$6.61M
4
CA
Cortland Associates
Missouri
+$6.58M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$5.32M

Top Sellers

1
HKAM
Horizon Kinetics Asset Management
New York
-$31.1M
2
WCA
Waratah Capital Advisors
Ontario, Canada
-$11.5M
3
DBC
Deep Basin Capital
Connecticut
-$7.11M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$6.58M
5
Fidelity International
Fidelity International
Bermuda
-$5.97M
Name Holding Trade Value Shares
Change 		Change in
Stake
LIM
26
Lagoda Investment Management
New York
$7.57M -$608K -10,188 -6%
FDS
27
First Dallas Securities
Texas
$7.4M +$8.81M +147,546 New
Stifel Financial
28
Stifel Financial
Missouri
$7.4M +$1.12M +18,837 +15%
ECM
29
EagleClaw Capital Management
Massachusetts
$7.13M +$234K +3,915 +3%
TD Asset Management
30
TD Asset Management
Ontario, Canada
$6.75M -$1.11M -18,612 -12%
State Street
31
State Street
Massachusetts
$6.57M +$591K +9,900 +8%
RJA
32
Raymond James & Associates
Florida
$6.5M +$571K +9,567 +8%
Swiss National Bank
33
Swiss National Bank
Switzerland
$6.33M +$53.7K +900 +0.7%
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$6.14M +$5.32M +89,091 +267%
CCPM
35
Cooper Creek Partners Management
New York
$5.56M +$6.61M +110,727 New
CA
36
Cortland Associates
Missouri
$5.53M +$6.58M +110,304 New
Ameriprise
37
Ameriprise
Minnesota
$5.52M -$1.32M -22,077 -17%
PCM
38
PenderFund Capital Management
British Columbia, Canada
$5.41M +$2.55M +42,633 +111%
CG
39
Colony Group
Massachusetts
$5.27M +$139K +2,322 +2%
US Bancorp
40
US Bancorp
Minnesota
$4.97M +$48.9K +819 +0.8%
Envestnet Asset Management
41
Envestnet Asset Management
Illinois
$4.93M +$29.6K +495 +0.5%
BlackRock
42
BlackRock
New York
$4.83M -$220K -3,690 -4%
BCM
43
Beddow Capital Management
Wyoming
$4.73M +$172K +2,889 +3%
HighTower Advisors
44
HighTower Advisors
Illinois
$4.44M +$2.91M +48,807 +127%
BHTS
45
Bar Harbor Trust Services
Maine
$4.36M +$1.37M +23,031 +36%
CMI
46
Clare Market Investments
Texas
$3.91M -$15.6K -261 -0.3%
Nordea Investment Management
47
Nordea Investment Management
Sweden
$3.78M -$4.45M -74,529 -50%
IWP
48
Insight Wealth Partners
Texas
$3.69M – – –
UCFA
49
United Capital Financial Advisors
Texas
$3.63M -$400K -6,696 -8%
Man Group
50
Man Group
United Kingdom
$3.31M +$546K +9,153 +16%
1
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TPL Hedge Fund Activity: Q3 2020 in Review

219 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q3 2020, worth a combined $1.65B — down 24% from $2.18B a quarter earlier.

Sellers outnumbered buyers: 38 funds closed out of TPL and 23 opened new positions — a net loss of 15 holders — while 63 trimmed existing stakes and 64 added.

The largest buyer was Schwartz Investment Counsel, adding an estimated $13.4M. The largest seller was Horizon Kinetics Asset Management, cutting an estimated $31.1M.

  • 219 institutional investors held Texas Pacific Land (TPL) as of Q3 2020, down from 235 in Q2 2020.
  • Funds reported $1.65B of Texas Pacific Land stock for Q3 2020, down 24% quarter-over-quarter.
  • 23 funds opened new Texas Pacific Land positions in Q3 2020 and 38 closed out, a net change of -15 holders.
  • The largest Texas Pacific Land buyer in Q3 2020 was Schwartz Investment Counsel, an estimated $13.4M added.
  • The largest Texas Pacific Land seller in Q3 2020 was Horizon Kinetics Asset Management, an estimated $31.1M sold.

Based on aggregated 13F filings for Q3 2020.