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Texas Pacific Land
TPL

236 hedge funds and large institutions have $2.61B invested in Texas Pacific Land in 2020 Q4 according to their latest regulatory filings, with 57 funds opening new positions, 60 increasing their positions, 57 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

58% more capital invested

Capital invested by funds: $1.65B → $2.61B (+$961M)

46% more funds holding in top 10

Funds holding in top 10: 13 → 19 (+6)

43% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 40

8% more funds holding

Funds holding: 219 → 236 (+17)

5% more repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 57

5.29% less ownership

Funds ownership: 422.9% → 417.61% (-5.3%)

Holders
236
Holders Change
+17
Holders Change %
+7.76%
% of All Funds
4.18%
Holding in Top 10
19
Holding in Top 10 Change
+6
Holding in Top 10 Change %
+46.15%
% of All Funds
0.34%
New
57
Increased
60
Reduced
57
Closed
40
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$8.86M
2
Fidelity International
Fidelity International
Bermuda
+$8.09M
3
Millennium Management
Millennium Management
New York
+$5.74M
4
SIC
Schwartz Investment Counsel
Michigan
+$4.96M
5
LIM
Lagoda Investment Management
New York
+$4.75M

Top Sellers

1
HKAM
Horizon Kinetics Asset Management
New York
-$21.4M
2
Ninety One (UK)
Ninety One (UK)
United Kingdom
-$10.6M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$5.7M
4
CCPM
Cooper Creek Partners Management
New York
-$5.56M
5
PCM
PenderFund Capital Management
British Columbia, Canada
-$5.41M
Name Holding Trade Value Shares
Change 		Change in
Stake
Teacher Retirement System of Texas
151
Teacher Retirement System of Texas
Texas
$388K +$305K +4,806 New
OC
152
Oppenheimer & Co
New York
$386K +$303K +4,779 New
LNWWM
153
Laird Norton Wetherby Wealth Management
California
$371K +$292K +4,599 New
SPIA
154
Steward Partners Investment Advisory
New York
$370K +$49.1K +774 +20%
Arrowstreet Capital
155
Arrowstreet Capital
Massachusetts
$369K -$2.05M -32,256 -88%
CL
156
Choreo LLC
Illinois
$364K – – –
RFC
157
Regions Financial Corp
Alabama
$364K – – –
TCOV
158
Trust Company of Vermont
Vermont
$364K – – –
KFS
159
Kurt F. Somerville
$363K – – –
WSC
160
Wellington Shields & Co
New York
$363K +$286K +4,500 New
Franklin Resources
161
Franklin Resources
California
$361K +$16K +252 +6%
Jane Street
162
Jane Street
New York
$353K +$278K +4,374 New
SCM
163
SKBA Capital Management
California
$345K +$271K +4,275 New
FMTC
164
Farmers & Merchants Trust Company
California
$327K – – –
DADC
165
D.A. Davidson & Co
Montana
$325K – – –
JIC
166
Johnson Investment Counsel
Ohio
$322K – – –
AG
167
Aperio Group
California
$321K -$11.4K -180 -4%
AIS
168
AM Investment Strategies
Tennessee
$318K +$250K +3,933 New
PWS
169
Peloton Wealth Strategists
Indiana
$316K -$82.8K -1,305 -25%
CG
170
Caprock Group
Idaho
$294K +$231K +3,645 New
NFG
171
NewFocus Financial Group
Washington
$294K +$231K +3,645 New
WS
172
Wedbush Securities
California
$294K +$231K +3,645 New
Macquarie Group
173
Macquarie Group
Australia
$291K – – –
WT
174
Whittier Trust
California
$291K – – –
GCIA
175
Gabelli & Co Investment Advisers
New York
$291K +$228K +3,600 New
5 6
7
8 9

TPL Hedge Fund Activity: Q4 2020 in Review

236 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q4 2020, worth a combined $2.61B — up 58% from $1.65B a quarter earlier.

Buyers outnumbered sellers: 57 funds opened new TPL positions and 40 closed out — a net gain of 17 holders — while 60 added to existing stakes and 57 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $8.86M. The largest seller was Horizon Kinetics Asset Management, cutting an estimated $21.4M.

  • 236 institutional investors held Texas Pacific Land (TPL) as of Q4 2020, up from 219 in Q3 2020.
  • Funds reported $2.61B of Texas Pacific Land stock for Q4 2020, up 58% quarter-over-quarter.
  • 57 funds opened new Texas Pacific Land positions in Q4 2020 and 40 closed out, a net change of +17 holders.
  • The largest Texas Pacific Land buyer in Q4 2020 was T. Rowe Price Associates, an estimated $8.86M added.
  • The largest Texas Pacific Land seller in Q4 2020 was Horizon Kinetics Asset Management, an estimated $21.4M sold.

Based on aggregated 13F filings for Q4 2020.