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Texas Pacific Land
TPL

62 hedge funds and large institutions have $679M invested in Texas Pacific Land in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 17 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 3

18% more capital invested

Capital invested by funds: $577M → $679M (+$102M)

17% more funds holding in top 10

Funds holding in top 10: 6 → 7 (+1)

3% more funds holding

Funds holding: 60 → 62 (+2)

6.58% less ownership

Funds ownership: 383.69% → 377.11% (-6.6%)

12% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 17

Holders
62
Holders Change
+2
Holders Change %
+3.33%
% of All Funds
1.8%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.2%
New
5
Increased
15
Reduced
17
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
+$5.87M
2
HK
Horizon Kinetics
New York
+$4.06M
3
California Public Employees Retirement System
California Public Employees Retirement System
California
+$3.06M
4
Morgan Stanley
Morgan Stanley
New York
+$1.65M
5
JP Morgan Chase
JP Morgan Chase
New York
+$801K

Top Sellers

1
Select Equity Group
Select Equity Group
New York
-$19M
2
U
UBS
Switzerland
-$4.15M
3
LKIM
Lawson Kroeker Investment Management
Nebraska
-$3.24M
4
Wells Fargo
Wells Fargo
California
-$2.24M
5
BGA
Belmont Global Advisors
Texas
-$775K
Name Holding Trade Value Shares
Change 		Change in
Stake
LPL Financial
51
LPL Financial
California
$207K +$200K +9,774 New
Bank of Montreal
52
Bank of Montreal
Ontario, Canada
$192K – – –
TCOV
53
Trust Company of Vermont
Vermont
$192K – – –
BBHC
54
Brown Brothers Harriman & Co
New York
$115K – – –
CFA
55
Camarda Financial Advisors
Florida
$96K – – –
MFS
56
MSI Financial Services
Massachusetts
$96K – – –
WEC
57
Winslow Evans & Crocker
Massachusetts
$77K -$27.3K -1,332 -27%
PCM
58
Prelude Capital Management
New York
$58K – – –
WA
59
WFG Advisors
Texas
$44K – – –
Creative Planning
60
Creative Planning
Kansas
$19K – – –
SGC
61
South Georgia Capital
Illinois
$19K – – –
FMP
62
Financial Management Professionals
Texas
$9K +$369 +18 +4%
MCM
63
Murphy Capital Management
New Jersey
– -$280K -15,750 Closed
EAM
64
Evanson Asset Management
California
– -$252K -14,157 Closed
Deutsche Bank
65
Deutsche Bank
Germany
– -$240K -13,500 Closed
1 2
3

TPL Hedge Fund Activity: Q3 2014 in Review

62 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q3 2014, worth a combined $679M — up 18% from $577M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new TPL positions and 3 closed out — a net gain of 2 holders — while 15 added to existing stakes and 17 trimmed.

The largest buyer was DePrince Race & Zollo Inc (DRZ), adding an estimated $5.87M. The largest seller was Select Equity Group, cutting an estimated $19M.

  • 62 institutional investors held Texas Pacific Land (TPL) as of Q3 2014, up from 60 in Q2 2014.
  • Funds reported $679M of Texas Pacific Land stock for Q3 2014, up 18% quarter-over-quarter.
  • 5 funds opened new Texas Pacific Land positions in Q3 2014 and 3 closed out, a net change of +2 holders.
  • The largest Texas Pacific Land buyer in Q3 2014 was DePrince Race & Zollo Inc (DRZ), an estimated $5.87M added.
  • The largest Texas Pacific Land seller in Q3 2014 was Select Equity Group, an estimated $19M sold.

Based on aggregated 13F filings for Q3 2014.