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Texas Pacific Land
TPL

102 hedge funds and large institutions have $954M invested in Texas Pacific Land in 2016 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 18 increasing their positions, 29 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 6

20% more capital invested

Capital invested by funds: $795M → $954M (+$159M)

9% more funds holding

Funds holding: 94 → 102 (+8)

0% more funds holding in top 10

Funds holding in top 10: 7 → 7 (0)

6.78% less ownership

Funds ownership: 374.02% → 367.23% (-6.8%)

38% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 29

Holders
102
Holders Change
+8
Holders Change %
+8.51%
% of All Funds
2.55%
Holding in Top 10
7
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.17%
New
15
Increased
18
Reduced
29
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KL
KGH Ltd
Bahamas
+$11.1M
2
HK
Horizon Kinetics
New York
+$7.4M
3
Millennium Management
Millennium Management
New York
+$5.35M
4
Morgan Stanley
Morgan Stanley
New York
+$2.95M
5
Capital World Investors
Capital World Investors
California
+$2.06M

Top Sellers

1
UBS Group
UBS Group
Switzerland
-$17.3M
2
HCM
Hodges Capital Management
Texas
-$15.2M
3
LKIM
Lawson Kroeker Investment Management
Nebraska
-$8.99M
4
APCM
Arbiter Partners Capital Management
New York
-$8.23M
5
PHAM
Pacific Heights Asset Management
California
-$4.23M
Name Holding Trade Value Shares
Change 		Change in
Stake
IIM
51
Ipswich Investment Management
Massachusetts
$623K – – –
KT
52
Kanaly Trust
Texas
$594K – – –
Ameriprise
53
Ameriprise
Minnesota
$559K +$531K +16,956 New
Goldman Sachs
54
Goldman Sachs
New York
$549K -$10.4K -333 -2%
PA
55
Pinnacle Associates
New York
$534K – – –
Fifth Third Bancorp
56
Fifth Third Bancorp
Ohio
$527K – – –
ECM
57
EagleClaw Capital Management
Massachusetts
$513K +$35.2K +1,125 +8%
IAA
58
Independent Advisor Alliance
North Carolina
$479K +$413K +13,185 New
NHC
59
Nicholas Hoffman & Company
Georgia
$473K – – –
BRWA
60
B. Riley Wealth Advisors
Florida
$446K – – –
UBS AM
61
UBS AM
Illinois
$444K -$541K -17,253 -56%
BFA
62
BlackRock Fund Advisors
California
$409K +$199K +6,336 +104%
Bank of Montreal
63
Bank of Montreal
Ontario, Canada
$387K – – –
SAM
64
Silvercrest Asset Management
New York
$337K – – –
Envestnet Asset Management
65
Envestnet Asset Management
Illinois
$336K -$101K -3,222 -24%
GS
66
Girard Securities
California
$303K +$288K +9,198 New
GG
67
Gofen & Glossberg
Illinois
$297K – – –
HI
68
Hendershot Investments
Virginia
$297K – – –
TCOV
69
Trust Company of Vermont
Vermont
$297K – – –
TAM
70
Tocqueville Asset Management
New York
$291K – – –
ISL
71
Ingalls & Snyder LLC
New York
$282K – – –
SWA
72
SFMG Wealth Advisors
Texas
$273K -$14.1K -450 -5%
Two Sigma Advisers
73
Two Sigma Advisers
New York
$267K -$28.2K -900 -10%
Baird Financial Group
74
Baird Financial Group
Wisconsin
$237K +$226K +7,200 New
Canada Life
75
Canada Life
Manitoba, Canada
$233K – – –
1 2
3
4 5

TPL Hedge Fund Activity: Q4 2016 in Review

102 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q4 2016, worth a combined $954M — up 20% from $795M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new TPL positions and 6 closed out — a net gain of 9 holders — while 18 added to existing stakes and 29 trimmed.

The largest buyer was KGH Ltd, opening a new position worth an estimated $11.1M. The largest seller was UBS Group, cutting an estimated $17.3M.

  • 102 institutional investors held Texas Pacific Land (TPL) as of Q4 2016, up from 94 in Q3 2016.
  • Funds reported $954M of Texas Pacific Land stock for Q4 2016, up 20% quarter-over-quarter.
  • 15 funds opened new Texas Pacific Land positions in Q4 2016 and 6 closed out, a net change of +9 holders.
  • The largest Texas Pacific Land buyer in Q4 2016 was KGH Ltd, an estimated $11.1M added.
  • The largest Texas Pacific Land seller in Q4 2016 was UBS Group, an estimated $17.3M sold.

Based on aggregated 13F filings for Q4 2016.