Texas Pacific Land
54 hedge funds and large institutions have $380M invested in Texas Pacific Land in 2013 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 7 closing their positions.
86% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 7
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
17% more capital invested
Capital invested by funds: $324M → $380M (+$56.6M)
8% more funds holding
Funds holding: 50 → 54 (+4)
1.95% more ownership
Funds ownership: 398.81% → 400.76% (+2%)
0% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 13
Top Buyers
| 1 |
HK
Horizon Kinetics
New York
|
+$10.3M |
| 2 |
HCM
Hodges Capital Management
Dallas,
Texas
|
+$2.8M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$2.71M |
| 4 |
FDS
First Dallas Securities
Dallas,
Texas
|
+$1.97M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$469K |
Top Sellers
| 1 |
Select Equity Group
New York
|
-$10.5M |
| 2 |
FPP
Findlay Park Partners
London,
United Kingdom
|
-$8.24M |
| 3 |
PRHC
P.R. Herzig & Co
Roslyn Heights,
New York
|
-$845K |
| 4 |
Goldman Sachs
New York
|
-$554K |
| 5 |
US Bancorp
Minneapolis,
Minnesota
|
-$255K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SGC
51
South Georgia Capital
Naperville,
Illinois
| $20K | +$18.6K | +1,800 | New |
|
|
TRCT
52
Tower Research Capital (TRC)
New York
| $10K | +$9.1K | +882 | New |
|
53
Creative Planning
Overland Park,
Kansas
| $10K | +$9.28K | +900 | New |
|
|
FMP
54
Financial Management Professionals
Austin,
Texas
| $4K | – | – | – |
|
|
PRHC
55
P.R. Herzig & Co
Roslyn Heights,
New York
| – | -$845K | -90,000 | Closed |
|
|
VKH
56
Virtu KCG Holdings
New York
| – | -$255K | -27,144 | Closed |
|
57
Northern Trust
Chicago,
Illinois
| – | -$250K | -26,640 | Closed |
|
|
AR
58
Advisory Research
Chicago,
Illinois
| – | -$212K | -22,500 | Closed |
|
|
RCM
59
Reynolds Capital Management
Las Vegas,
Nevada
| – | -$203K | -21,600 | Closed |
|
|
RA
60
Royce & Associates
New York
| – | -$118K | -12,600 | Closed |
|
|
MA
61
MUFG Americas
New York
| – | -$8K | -900 | Closed |
|
TPL Hedge Fund Activity: Q4 2013 in Review
54 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q4 2013, worth a combined $380M — up 17% from $324M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new TPL positions and 7 closed out — a net gain of 6 holders — while 13 added to existing stakes and 13 trimmed.
The largest buyer was Horizon Kinetics, adding an estimated $10.3M. The largest seller was Select Equity Group, cutting an estimated $10.5M.
- 54 institutional investors held Texas Pacific Land (TPL) as of Q4 2013, up from 50 in Q3 2013.
- Funds reported $380M of Texas Pacific Land stock for Q4 2013, up 17% quarter-over-quarter.
- 13 funds opened new Texas Pacific Land positions in Q4 2013 and 7 closed out, a net change of +6 holders.
- The largest Texas Pacific Land buyer in Q4 2013 was Horizon Kinetics, an estimated $10.3M added.
- The largest Texas Pacific Land seller in Q4 2013 was Select Equity Group, an estimated $10.5M sold.
Based on aggregated 13F filings for Q4 2013.