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Texas Pacific Land
TPL

104 hedge funds and large institutions have $889M invested in Texas Pacific Land in 2017 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 25 increasing their positions, 30 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 6

14% more funds holding in top 10

Funds holding in top 10: 7 → 8 (+1)

2% more funds holding

Funds holding: 102 → 104 (+2)

6.59% less ownership

Funds ownership: 367.23% → 360.64% (-6.6%)

7% less capital invested

Capital invested by funds: $954M → $889M (-$65.5M)

17% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 30

Holders
104
Holders Change
+2
Holders Change %
+1.96%
% of All Funds
2.59%
Holding in Top 10
8
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+14.29%
% of All Funds
0.2%
New
12
Increased
25
Reduced
30
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
HK
Horizon Kinetics
New York
+$8.85M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$2.6M
3
Deutsche Bank
Deutsche Bank
Germany
+$2.57M
4
Morgan Stanley
Morgan Stanley
New York
+$2.4M
5
BlackRock
BlackRock
New York
+$1.83M

Top Sellers

1
HCM
Hodges Capital Management
Texas
-$10.9M
2
APCM
Arbiter Partners Capital Management
New York
-$10M
3
UBS Group
UBS Group
Switzerland
-$6.17M
4
KL
KGH Ltd
Bahamas
-$4.3M
5
Capital World Investors
Capital World Investors
California
-$2.17M
Name Holding Trade Value Shares
Change 		Change in
Stake
HAIM
51
Hunter Associates Investment Management
Pennsylvania
$783K – – –
EA
52
Edge Advisors
Georgia
$643K – – –
UBS AM
53
UBS AM
Illinois
$619K +$217K +6,453 +48%
RC
54
RegentAtlantic Capital
New Jersey
$615K – – –
IIM
55
Ipswich Investment Management
Massachusetts
$587K – – –
PA
56
Pinnacle Associates
New York
$504K – – –
Fifth Third Bancorp
57
Fifth Third Bancorp
Ohio
$497K – – –
Goldman Sachs
58
Goldman Sachs
New York
$466K -$56.6K -1,683 -10%
Envestnet Asset Management
59
Envestnet Asset Management
Illinois
$450K +$145K +4,311 +42%
NHC
60
Nicholas Hoffman & Company
Georgia
$442K – – –
IAA
61
Independent Advisor Alliance
North Carolina
$424K +$10.6K +315 +2%
BRWA
62
B. Riley Wealth Advisors
Florida
$420K – – –
FIM
63
Fernwood Investment Management
Massachusetts
$414K +$448K +13,320 New
Bank of Montreal
64
Bank of Montreal
Ontario, Canada
$368K +$4.24K +126 +1%
UCFA
65
United Capital Financial Advisors
Texas
$352K +$145K +4,311 +61%
Comerica Bank
66
Comerica Bank
Texas
$335K +$350K +10,395 New
Citadel Advisors
67
Citadel Advisors
Florida
$299K +$324K +9,621 New
GS
68
Girard Securities
California
$286K – – –
TRCT
69
Tower Research Capital (TRC)
New York
$283K +$306K +9,108 New
GG
70
Gofen & Glossberg
Illinois
$280K – – –
TCOV
71
Trust Company of Vermont
Vermont
$280K – – –
ISL
72
Ingalls & Snyder LLC
New York
$266K – – –
SWA
73
SFMG Wealth Advisors
Texas
$266K +$9.08K +270 +3%
CSS
74
Cubist Systematic Strategies
Connecticut
$249K +$269K +8,001 New
HI
75
Hendershot Investments
Virginia
$248K -$34.8K -1,035 -12%
1 2
3
4 5

TPL Hedge Fund Activity: Q1 2017 in Review

104 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q1 2017, worth a combined $889M — down 6.9% from $954M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new TPL positions and 6 closed out — a net gain of 6 holders — while 25 added to existing stakes and 30 trimmed.

The largest buyer was Horizon Kinetics, adding an estimated $8.85M. The largest seller was Hodges Capital Management, cutting an estimated $10.9M.

  • 104 institutional investors held Texas Pacific Land (TPL) as of Q1 2017, up from 102 in Q4 2016.
  • Funds reported $889M of Texas Pacific Land stock for Q1 2017, down 6.9% quarter-over-quarter.
  • 12 funds opened new Texas Pacific Land positions in Q1 2017 and 6 closed out, a net change of +6 holders.
  • The largest Texas Pacific Land buyer in Q1 2017 was Horizon Kinetics, an estimated $8.85M added.
  • The largest Texas Pacific Land seller in Q1 2017 was Hodges Capital Management, an estimated $10.9M sold.

Based on aggregated 13F filings for Q1 2017.