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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
BCWM
101
Bartlett & Co Wealth Management
Ohio
$813K – – –
JP Morgan Chase
102
JP Morgan Chase
New York
$772K +$859K +14,391 +1,481%
IIM
103
Ipswich Investment Management
Massachusetts
$768K – – –
VCA
104
Verdence Capital Advisors
Maryland
$764K +$21.5K +360 +2%
CIC
105
Cornercap Investment Counsel
Georgia
$750K +$227K +3,807 +34%
Brown Advisory
106
Brown Advisory
Maryland
$726K – – –
Commonwealth Equity Services
107
Commonwealth Equity Services
Massachusetts
$711K -$52.7K -882 -6%
TI
108
Tidal Investments
Wisconsin
$696K +$45.7K +765 +6%
GC
109
Grimes & Company
Massachusetts
$689K – – –
SFI
110
Susquehanna Fundamental Investments
Pennsylvania
$677K -$430K -7,200 -35%
FLPIM
111
F.L. Putnam Investment Management
Massachusetts
$662K – – –
IAA
112
Independent Advisor Alliance
North Carolina
$575K -$33.8K -567 -5%
AC
113
Apella Capital
Connecticut
$547K – – –
ECG
114
Edge Capital Group
Georgia
$542K – – –
NHC
115
Nicholas Hoffman & Company
Georgia
$527K -$29K -486 -4%
TCOO
116
Trust Company of Oklahoma
Oklahoma
$519K +$618K +10,350 New
AWM
117
Altus Wealth Management
Kentucky
$489K – – –
Mercer Global Advisors
118
Mercer Global Advisors
Colorado
$486K +$26.9K +450 +5%
GT
119
Glenmede Trust
Pennsylvania
$478K – – –
Osaic Holdings
120
Osaic Holdings
Arizona
$468K -$14.5K -243 -3%
Cambridge Investment Research Advisors
121
Cambridge Investment Research Advisors
Iowa
$466K +$124K +2,079 +29%
MAA
122
Mraz Amerine & Associates
California
$466K +$215K +3,600 +63%
Balyasny Asset Management
123
Balyasny Asset Management
Illinois
$463K +$551K +9,234 New
Two Sigma Advisers
124
Two Sigma Advisers
New York
$452K -$269K -4,500 -33%
BIM
125
Baldwin Investment Management
Pennsylvania
$452K – – –
3 4
5
6 7

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.