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Texas Pacific Land
TPL

58 hedge funds and large institutions have $478M invested in Texas Pacific Land in 2014 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 11 increasing their positions, 19 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 8

26% more capital invested

Capital invested by funds: $380M → $478M (+$98M)

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

7% more funds holding

Funds holding: 54 → 58 (+4)

8.41% less ownership

Funds ownership: 400.76% → 392.35% (-8.4%)

42% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 19

Holders
58
Holders Change
+4
Holders Change %
+7.41%
% of All Funds
1.68%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.14%
New
12
Increased
11
Reduced
19
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
HK
Horizon Kinetics
New York
+$8.33M
2
CC
Cambrian Capital
California
+$1.9M
3
HCM
Hodges Capital Management
Texas
+$1.68M
4
TAM
Third Avenue Management
New York
+$1.05M
5
Citadel Advisors
Citadel Advisors
Florida
+$603K

Top Sellers

1
Select Equity Group
Select Equity Group
New York
-$12.7M
2
FPP
Findlay Park Partners
United Kingdom
-$7.35M
3
U
UBS
Switzerland
-$3.95M
4
Bank of America
Bank of America
North Carolina
-$1.94M
5
Renaissance Technologies
Renaissance Technologies
New York
-$800K
Name Holding Trade Value Shares
Change 		Change in
Stake
BBHC
51
Brown Brothers Harriman & Co
New York
$78K – – –
WEC
52
Winslow Evans & Crocker
Massachusetts
$71.2K -$11.2K -855 -15%
MFS
53
MSI Financial Services
Massachusetts
$65K – – –
CFA
54
Camarda Financial Advisors
Florida
$65K +$58.8K +4,500 New
PCM
55
Prelude Capital Management
New York
$34K -$43.5K -3,330 -59%
WA
56
WFG Advisors
Texas
$28K +$1.88K +144 +8%
Creative Planning
57
Creative Planning
Kansas
$13K – – –
FMP
58
Financial Management Professionals
Texas
$6K – – –
FPP
59
Findlay Park Partners
United Kingdom
– -$7.35M -661,365 Closed
Renaissance Technologies
60
Renaissance Technologies
New York
– -$800K -72,000 Closed
CLOS
61
Compagnie Lombard Odier SCmA
Switzerland
– -$401K -36,450 Closed
OC
62
Oppenheimer & Co
New York
– -$250K -22,500 Closed
Invesco
63
Invesco
Georgia
– -$155K -13,950 Closed
WCM
64
Westend Capital Management
California
– -$140K -12,600 Closed
SGC
65
South Georgia Capital
Illinois
– -$20K -1,800 Closed
TRCT
66
Tower Research Capital (TRC)
New York
– -$10K -882 Closed
1 2
3

TPL Hedge Fund Activity: Q1 2014 in Review

58 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q1 2014, worth a combined $478M — up 26% from $380M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new TPL positions and 8 closed out — a net gain of 4 holders — while 11 added to existing stakes and 19 trimmed.

The largest buyer was Horizon Kinetics, adding an estimated $8.33M. The largest seller was Select Equity Group, cutting an estimated $12.7M.

  • 58 institutional investors held Texas Pacific Land (TPL) as of Q1 2014, up from 54 in Q4 2013.
  • Funds reported $478M of Texas Pacific Land stock for Q1 2014, up 26% quarter-over-quarter.
  • 12 funds opened new Texas Pacific Land positions in Q1 2014 and 8 closed out, a net change of +4 holders.
  • The largest Texas Pacific Land buyer in Q1 2014 was Horizon Kinetics, an estimated $8.33M added.
  • The largest Texas Pacific Land seller in Q1 2014 was Select Equity Group, an estimated $12.7M sold.

Based on aggregated 13F filings for Q1 2014.