Texas Pacific Land
179 hedge funds and large institutions have $2.66B invested in Texas Pacific Land in 2018 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 40 increasing their positions, 55 reducing their positions, and 8 closing their positions.
288% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 8
23% more capital invested
Capital invested by funds: $2.16B → $2.66B (+$503M)
14% more funds holding in top 10
Funds holding in top 10: 14 → 16 (+2)
14% more funds holding
Funds holding: 157 → 179 (+22)
1.18% less ownership
Funds ownership: 357.23% → 356.04% (-1.2%)
27% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 55
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Polar Capital
London,
United Kingdom
|
+$22.9M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
+$7.54M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$4.38M |
| 4 |
WEC
White Elm Capital
Greenwich,
Connecticut
|
+$4.38M |
| 5 |
MWNA
Marshall Wace North America
New York
|
+$3.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PHAM
Pacific Heights Asset Management
San Francisco,
California
|
-$12M |
| 2 |
KL
KGH Ltd
Nassau,
Bahamas
|
-$9.91M |
| 3 |
RA
RR Advisors
Dallas,
Texas
|
-$8.96M |
| 4 |
Millennium Management
New York
|
-$8.74M |
| 5 |
Morgan Stanley
New York
|
-$5.05M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BA
176
Ballew Advisors
Jackson,
Mississippi
| $3K | +$3.2K | +36 | New |
|
|
HAM
177
Highstreet Asset Management
London,
Ontario, Canada
| $3K | +$3.2K | +36 | New |
|
|
QI
178
QS Investors
New York
| $1K | – | – | – |
|
|
KL
179
KGH Ltd
Nassau,
Bahamas
| – | -$9.91M | -128,214 | Closed |
|
|
RA
180
RR Advisors
Dallas,
Texas
| – | -$8.96M | -117,000 | Closed |
|
|
ARTA
181
A.R.T. Advisors
New York
| – | -$1.64M | -21,168 | Closed |
|
182
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$1.39M | -18,000 | Closed |
|
|
PA
183
Pinnacle Associates
New York
| – | -$626K | -8,100 | Closed |
|
|
GCP
184
GSA Capital Partners
London,
United Kingdom
| – | -$391K | -5,058 | Closed |
|
|
CSS
185
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$214K | -2,772 | Closed |
|
186
SEI Investments
Oaks,
Pennsylvania
| – | -$174K | -2,250 | Closed |
|
|
FGAM
187
Financial Gravity Asset Management
Lakeway,
Texas
| – | -$5.61K | -63 | -88% |
|
TPL Hedge Fund Activity: Q3 2018 in Review
179 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q3 2018, worth a combined $2.66B — up 23% from $2.16B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new TPL positions and 8 closed out — a net gain of 23 holders — while 40 added to existing stakes and 55 trimmed.
The largest buyer was Polar Capital, opening a new position worth an estimated $22.9M. The largest seller was Pacific Heights Asset Management, cutting an estimated $12M.
- 179 institutional investors held Texas Pacific Land (TPL) as of Q3 2018, up from 157 in Q2 2018.
- Funds reported $2.66B of Texas Pacific Land stock for Q3 2018, up 23% quarter-over-quarter.
- 31 funds opened new Texas Pacific Land positions in Q3 2018 and 8 closed out, a net change of +23 holders.
- The largest Texas Pacific Land buyer in Q3 2018 was Polar Capital, an estimated $22.9M added.
- The largest Texas Pacific Land seller in Q3 2018 was Pacific Heights Asset Management, an estimated $12M sold.
Based on aggregated 13F filings for Q3 2018.