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Texas Pacific Land
TPL

292 hedge funds and large institutions have $6.83B invested in Texas Pacific Land in 2021 Q1 according to their latest regulatory filings, with 95 funds opening new positions, 53 increasing their positions, 99 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

164% more first-time investments, than exits

New positions opened: 95 | Existing positions closed: 36

162% more capital invested

Capital invested by funds: $2.61B → $6.83B (+$4.23B)

81.51% more ownership

Funds ownership: 417.61% → 499.12% (+82%)

24% more funds holding

Funds holding: 236 → 292 (+56)

16% more funds holding in top 10

Funds holding in top 10: 19 → 22 (+3)

46% less repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 99

Holders
292
Holders Change
+56
Holders Change %
+23.73%
% of All Funds
5.13%
Holding in Top 10
22
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+15.79%
% of All Funds
0.39%
New
95
Increased
53
Reduced
99
Closed
36
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Vanguard Group
Vanguard Group
Pennsylvania
+$598M
2
BlackRock
BlackRock
New York
+$167M
3
Morgan Stanley
Morgan Stanley
New York
+$146M
4
Geode Capital Management
Geode Capital Management
Massachusetts
+$68M
5
Charles Schwab
Charles Schwab
California
+$36M

Top Sellers

1
HKAM
Horizon Kinetics Asset Management
New York
-$54.2M
2
EIP
Epoch Investment Partners
New York
-$46.4M
3
Fidelity International
Fidelity International
Bermuda
-$43.1M
4
HF
HRT Financial
New York
-$43M
5
HCM
Hodges Capital Management
Texas
-$29.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
CA
26
Cortland Associates
Missouri
$28.1M +$6.1M +49,032 +45%
California Public Employees Retirement System
27
California Public Employees Retirement System
California
$26.1M -$3.19M -25,614 -15%
ECM
28
EagleClaw Capital Management
Massachusetts
$25.3M -$155K -1,242 -0.9%
Bank of America
29
Bank of America
North Carolina
$25.3M -$2.56M -20,556 -13%
RJA
30
Raymond James & Associates
Florida
$23.2M -$460K -3,699 -3%
Swiss National Bank
31
Swiss National Bank
Switzerland
$22.6M +$224K +1,800 +1%
HF
32
HRT Financial
New York
$21.7M -$43M -345,060 -74%
UCFA
33
United Capital Financial Advisors
Texas
$20.4M +$2.84M +22,806 +25%
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$19.9M +$9.98M +80,145 +245%
EVM
35
Eaton Vance Management
Massachusetts
$18.5M +$5.3M +42,561 +69%
Ameriprise
36
Ameriprise
Minnesota
$18.4M +$91.9K +738 +0.7%
Invesco
37
Invesco
Georgia
$18.4M +$13M +104,184 New
BCM
38
Beddow Capital Management
Wyoming
$17.6M -$510K -4,095 -4%
CG
39
Colony Group
Massachusetts
$17.6M -$464K -3,726 -4%
HighTower Advisors
40
HighTower Advisors
Illinois
$16.2M +$11.4M +91,629 New
BIM
41
Bridges Investment Management
Nebraska
$16M +$1.55M +12,456 +16%
US Bancorp
42
US Bancorp
Minnesota
$16M -$1.11M -8,883 -9%
MLIM
43
Mountain Lake Investment Management
Florida
$15.9M +$11.2M +90,000 New
SCM
44
Snyder Capital Management
California
$14.9M +$10.5M +84,222 New
Arrowstreet Capital
45
Arrowstreet Capital
Massachusetts
$14.3M +$9.48M +76,167 +1,666%
Nordea Investment Management
46
Nordea Investment Management
Sweden
$14.1M -$748K -6,012 -7%
CMI
47
Clare Market Investments
Texas
$12.7M -$746K -5,994 -8%
PCM
48
PenderFund Capital Management
British Columbia, Canada
$12.7M +$7.11M +57,105 New
Envestnet Asset Management
49
Envestnet Asset Management
Illinois
$12.6M +$11M +88,632 New
CS
50
Credit Suisse
Switzerland
$12.5M +$618K +4,968 +8%
1
2
3 4 5

TPL Hedge Fund Activity: Q1 2021 in Review

292 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q1 2021, worth a combined $6.83B — up 162% from $2.61B a quarter earlier.

Buyers outnumbered sellers: 95 funds opened new TPL positions and 36 closed out — a net gain of 59 holders — while 53 added to existing stakes and 99 trimmed.

The largest buyer was Vanguard Group, adding an estimated $598M. The largest seller was Horizon Kinetics Asset Management, cutting an estimated $54.2M.

  • 292 institutional investors held Texas Pacific Land (TPL) as of Q1 2021, up from 236 in Q4 2020.
  • Funds reported $6.83B of Texas Pacific Land stock for Q1 2021, up 162% quarter-over-quarter.
  • 95 funds opened new Texas Pacific Land positions in Q1 2021 and 36 closed out, a net change of +59 holders.
  • The largest Texas Pacific Land buyer in Q1 2021 was Vanguard Group, an estimated $598M added.
  • The largest Texas Pacific Land seller in Q1 2021 was Horizon Kinetics Asset Management, an estimated $54.2M sold.

Based on aggregated 13F filings for Q1 2021.