Texas Pacific Land
TPL
570 hedge funds and large institutions have $11B invested in Texas Pacific Land in 2024 Q2 according to their latest regulatory filings, with 137 funds opening new positions, 173 increasing their positions, 171 reducing their positions, and 38 closing their positions.
261% more first-time investments, than exits
New positions opened: 137 | Existing positions closed: 38
38% more capital invested
Capital invested by funds: $7.96B → $11B (+$3.05B)
20% more funds holding
Funds holding: 476 → 570 (+94)
16.57% more ownership
Funds ownership: 178.88% → 195.44% (+17%)
1% more repeat investments, than reductions
Existing positions increased: 173 | Existing positions reduced: 171
4% less funds holding in top 10
Funds holding in top 10: 27 → 26 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$540M |
| 2 |
State Street
Boston,
Massachusetts
|
+$71M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$64.6M |
| 4 |
Bank of New York Mellon
New York
|
+$54.7M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
+$38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Manhattan
New York
|
-$56.4M |
| 2 |
HKAM
Horizon Kinetics Asset Management
New York
|
-$51.5M |
| 3 |
Millennium Management
New York
|
-$29.3M |
| 4 |
Neuberger Berman Group
New York
|
-$28.3M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$19M |
TPL Hedge Fund Activity: Q2 2024 in Review
570 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q2 2024, worth a combined $11B — up 38% from $7.96B a quarter earlier.
Buyers outnumbered sellers: 137 funds opened new TPL positions and 38 closed out — a net gain of 99 holders — while 173 added to existing stakes and 171 trimmed.
The largest buyer was BlackRock, adding an estimated $540M. The largest seller was First Manhattan, cutting an estimated $56.4M.
- 570 institutional investors held Texas Pacific Land (TPL) as of Q2 2024, up from 476 in Q1 2024.
- Funds reported $11B of Texas Pacific Land stock for Q2 2024, up 38% quarter-over-quarter.
- 137 funds opened new Texas Pacific Land positions in Q2 2024 and 38 closed out, a net change of +99 holders.
- The largest Texas Pacific Land buyer in Q2 2024 was BlackRock, an estimated $540M added.
- The largest Texas Pacific Land seller in Q2 2024 was First Manhattan, an estimated $56.4M sold.
Based on aggregated 13F filings for Q2 2024.