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Texas Pacific Land
TPL

219 hedge funds and large institutions have $1.65B invested in Texas Pacific Land in 2020 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 64 increasing their positions, 63 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 63

1.55% less ownership

Funds ownership: 424.45% → 422.9% (-1.6%)

7% less funds holding

Funds holding: 235 → 219 (-16)

24% less capital invested

Capital invested by funds: $2.18B → $1.65B (-$529M)

28% less funds holding in top 10

Funds holding in top 10: 18 → 13 (-5)

39% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 38

Holders
219
Holders Change
-16
Holders Change %
-6.81%
% of All Funds
4.42%
Holding in Top 10
13
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-27.78%
% of All Funds
0.26%
New
23
Increased
64
Reduced
63
Closed
38
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SIC
Schwartz Investment Counsel
Michigan
+$13.4M
2
HF
HRT Financial
New York
+$11.2M
3
CCPM
Cooper Creek Partners Management
New York
+$6.61M
4
CA
Cortland Associates
Missouri
+$6.58M
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$5.32M

Top Sellers

1
HKAM
Horizon Kinetics Asset Management
New York
-$31.1M
2
WCA
Waratah Capital Advisors
Ontario, Canada
-$11.5M
3
DBC
Deep Basin Capital
Connecticut
-$7.11M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$6.58M
5
Fidelity International
Fidelity International
Bermuda
-$5.97M
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS AM
51
UBS AM
Illinois
$3.19M +$510K +8,550 +16%
CS
52
Credit Suisse
Switzerland
$3.17M +$188K +3,150 +5%
FIM
53
Fernwood Investment Management
Massachusetts
$3.15M -$242K -4,050 -6%
EVM
54
Eaton Vance Management
Massachusetts
$3.12M +$770K +12,897 +26%
SSCM
55
Summit Street Capital Management
New York
$3.09M – – –
MLIM
56
Mountain Lake Investment Management
Florida
$2.94M +$3.49M +58,500 New
PC
57
Pecaut & Co
Iowa
$2.9M +$250K +4,185 +8%
Northern Trust
58
Northern Trust
Illinois
$2.87M -$10.2K -171 -0.3%
KTA
59
Keeley-Teton Advisors
Illinois
$2.79M +$1.11M +18,603 +50%
GKIM
60
GW&K Investment Management
Massachusetts
$2.75M +$114K +1,908 +4%
FFA
61
First Foundation Advisors
California
$2.71M +$849K +14,220 +36%
MOS
62
MGO One Seven
Ohio
$2.65M +$59.1K +990 +2%
CAPTRUST Financial Advisors
63
CAPTRUST Financial Advisors
North Carolina
$2.44M -$424K -7,110 -13%
HCP
64
Holt Capital Partners
Texas
$2.34M +$29.6K +495 +1%
CIBC Private Wealth Group
65
CIBC Private Wealth Group
Georgia
$2.34M +$2.78M +46,548 New
ACI
66
AMP Capital Investors
Australia
$2.25M -$427K -7,146 -14%
Creative Planning
67
Creative Planning
Kansas
$2.16M +$1M +16,812 +64%
ACM
68
Arosa Capital Management
Florida
$2.16M -$3.27M -54,774 -56%
KAM
69
Karani Asset Management
New York
$2.05M – – –
PWM
70
PRW Wealth Management
Massachusetts
$1.97M -$13.4K -225 -0.6%
MWM
71
Mission Wealth Management
California
$1.95M -$26.9K -450 -1%
PGIM
72
Pacific Global Investment Management
California
$1.93M -$70.9K -1,188 -3%
Citadel Advisors
73
Citadel Advisors
Florida
$1.88M -$3.68M -61,641 -62%
Arrowstreet Capital
74
Arrowstreet Capital
Massachusetts
$1.85M +$1.17M +19,629 +114%
BPA
75
Beacon Pointe Advisors
California
$1.83M +$104K +1,746 +5%
1 2
3
4 5

TPL Hedge Fund Activity: Q3 2020 in Review

219 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q3 2020, worth a combined $1.65B — down 24% from $2.18B a quarter earlier.

Sellers outnumbered buyers: 38 funds closed out of TPL and 23 opened new positions — a net loss of 15 holders — while 63 trimmed existing stakes and 64 added.

The largest buyer was Schwartz Investment Counsel, adding an estimated $13.4M. The largest seller was Horizon Kinetics Asset Management, cutting an estimated $31.1M.

  • 219 institutional investors held Texas Pacific Land (TPL) as of Q3 2020, down from 235 in Q2 2020.
  • Funds reported $1.65B of Texas Pacific Land stock for Q3 2020, down 24% quarter-over-quarter.
  • 23 funds opened new Texas Pacific Land positions in Q3 2020 and 38 closed out, a net change of -15 holders.
  • The largest Texas Pacific Land buyer in Q3 2020 was Schwartz Investment Counsel, an estimated $13.4M added.
  • The largest Texas Pacific Land seller in Q3 2020 was Horizon Kinetics Asset Management, an estimated $31.1M sold.

Based on aggregated 13F filings for Q3 2020.