Texas Pacific Land
194 hedge funds and large institutions have $1.3B invested in Texas Pacific Land in 2020 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 65 increasing their positions, 53 reducing their positions, and 56 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 53
15.05% more ownership
Funds ownership: 380.17% → 395.21% (+15%)
14% less funds holding
Funds holding: 225 → 194 (-31)
24% less funds holding in top 10
Funds holding in top 10: 21 → 16 (-5)
45% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 56
49% less capital invested
Capital invested by funds: $2.56B → $1.3B (-$1.26B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIP
Epoch Investment Partners
New York
|
+$39M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$26.6M |
| 3 |
Morgan Stanley
New York
|
+$18.1M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$9.45M |
| 5 |
TCM
Tensile Capital Management
Larkspur,
California
|
+$8.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Polar Capital
London,
United Kingdom
|
-$27.6M |
| 2 |
HKAM
Horizon Kinetics Asset Management
New York
|
-$23.2M |
| 3 |
HCM
Hodges Capital Management
Dallas,
Texas
|
-$5.09M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$5M |
| 5 |
RJT
Raymond James Trust
St. Petersburg,
Florida
|
-$4.5M |
TPL Hedge Fund Activity: Q1 2020 in Review
194 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q1 2020, worth a combined $1.3B — down 49% from $2.56B a quarter earlier.
Sellers outnumbered buyers: 56 funds closed out of TPL and 31 opened new positions — a net loss of 25 holders — while 53 trimmed existing stakes and 65 added.
The largest buyer was Epoch Investment Partners, adding an estimated $39M. The largest seller was Polar Capital, exiting entirely with an estimated $27.6M sold.
- 194 institutional investors held Texas Pacific Land (TPL) as of Q1 2020, down from 225 in Q4 2019.
- Funds reported $1.3B of Texas Pacific Land stock for Q1 2020, down 49% quarter-over-quarter.
- 31 funds opened new Texas Pacific Land positions in Q1 2020 and 56 closed out, a net change of -25 holders.
- The largest Texas Pacific Land buyer in Q1 2020 was Epoch Investment Partners, an estimated $39M added.
- The largest Texas Pacific Land seller in Q1 2020 was Polar Capital, an estimated $27.6M sold.
Based on aggregated 13F filings for Q1 2020.