Texas Pacific Land
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIC
Schwartz Investment Counsel
Plymouth,
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
St Louis,
Missouri
|
+$6.58M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$5.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HKAM
Horizon Kinetics Asset Management
New York
|
-$31.1M |
| 2 |
WCA
Waratah Capital Advisors
Toronto,
Ontario, Canada
|
-$11.5M |
| 3 |
DBC
Deep Basin Capital
Stamford,
Connecticut
|
-$7.11M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$6.58M |
| 5 |
Fidelity International
Hamilton,
Bermuda
|
-$5.97M |
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.