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Texas Pacific Land
TPL

94 hedge funds and large institutions have $795M invested in Texas Pacific Land in 2016 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 15 increasing their positions, 28 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

220% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 5

39% more capital invested

Capital invested by funds: $571M → $795M (+$225M)

12% more funds holding

Funds holding: 84 → 94 (+10)

0% more funds holding in top 10

Funds holding in top 10: 7 → 7 (0)

1.05% less ownership

Funds ownership: 375.07% → 374.02% (-1%)

46% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 28

Holders
94
Holders Change
+10
Holders Change %
+11.9%
% of All Funds
2.51%
Holding in Top 10
7
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.19%
New
16
Increased
15
Reduced
28
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
APCM
Arbiter Partners Capital Management
New York
+$6.11M
2
HK
Horizon Kinetics
New York
+$5.18M
3
SIC
Schwartz Investment Counsel
Michigan
+$2.89M
4
PGCM
Prescott Group Capital Management
Oklahoma
+$1.85M
5
PC
Pecaut & Co
Iowa
+$1.31M

Top Sellers

1
HCM
Hodges Capital Management
Texas
-$20.6M
2
TA
Teachers Advisors
New York
-$2.69M
3
PHAM
Pacific Heights Asset Management
California
-$1.84M
4
UBS Group
UBS Group
Switzerland
-$1.24M
5
FDS
First Dallas Securities
Texas
-$843K
Name Holding Trade Value Shares
Change 		Change in
Stake
PA
51
Pinnacle Associates
New York
$431K – – –
Fifth Third Bancorp
52
Fifth Third Bancorp
Ohio
$425K – – –
ECM
53
EagleClaw Capital Management
Massachusetts
$384K +$295K +14,400 New
NHC
54
Nicholas Hoffman & Company
Georgia
$378K – – –
BRWA
55
B. Riley Wealth Advisors
Florida
$359K – – –
Envestnet Asset Management
56
Envestnet Asset Management
Illinois
$357K -$1.84K -90 -0.7%
WCM
57
Westend Capital Management
California
$335K – – –
Bank of Montreal
58
Bank of Montreal
Ontario, Canada
$311K – – –
SAM
59
Silvercrest Asset Management
New York
$271K +$209K +10,206 New
HI
60
Hendershot Investments
Virginia
$239K -$120K -5,850 -39%
TCOV
61
Trust Company of Vermont
Vermont
$239K – – –
GG
62
Gofen & Glossberg
Illinois
$239K +$184K +9,000 New
TAM
63
Tocqueville Asset Management
New York
$235K +$181K +8,829 New
Two Sigma Advisers
64
Two Sigma Advisers
New York
$235K +$184K +9,000 New
SWA
65
SFMG Wealth Advisors
Texas
$232K +$179K +8,730 New
ISL
66
Ingalls & Snyder LLC
New York
$227K +$175K +8,550 New
Teacher Retirement System of Texas
67
Teacher Retirement System of Texas
Texas
$221K -$38.7K -1,890 -18%
Millennium Management
68
Millennium Management
New York
$212K +$166K +8,100 New
Deutsche Bank
69
Deutsche Bank
Germany
$187K -$743K -36,270 -84%
Canada Life
70
Canada Life
Manitoba, Canada
$183K – – –
BFA
71
BlackRock Fund Advisors
California
$162K +$27.1K +1,323 +28%
MFS
72
MSI Financial Services
Massachusetts
$144K -$31.5K -1,539 -22%
IGIM
73
I.G. Investment Management
Manitoba, Canada
$141K +$111K +5,400 New
WA
74
WFG Advisors
Texas
$139K – – –
CFA
75
Camarda Financial Advisors
Florida
$120K – – –
1 2
3
4

TPL Hedge Fund Activity: Q3 2016 in Review

94 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q3 2016, worth a combined $795M — up 39% from $571M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new TPL positions and 5 closed out — a net gain of 11 holders — while 15 added to existing stakes and 28 trimmed.

The largest buyer was Arbiter Partners Capital Management, adding an estimated $6.11M. The largest seller was Hodges Capital Management, cutting an estimated $20.6M.

  • 94 institutional investors held Texas Pacific Land (TPL) as of Q3 2016, up from 84 in Q2 2016.
  • Funds reported $795M of Texas Pacific Land stock for Q3 2016, up 39% quarter-over-quarter.
  • 16 funds opened new Texas Pacific Land positions in Q3 2016 and 5 closed out, a net change of +11 holders.
  • The largest Texas Pacific Land buyer in Q3 2016 was Arbiter Partners Capital Management, an estimated $6.11M added.
  • The largest Texas Pacific Land seller in Q3 2016 was Hodges Capital Management, an estimated $20.6M sold.

Based on aggregated 13F filings for Q3 2016.