We are live on ! Find out more
TPL icon

Texas Pacific Land
TPL

54 hedge funds and large institutions have $380M invested in Texas Pacific Land in 2013 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

86% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 7

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

17% more capital invested

Capital invested by funds: $324M → $380M (+$56.6M)

8% more funds holding

Funds holding: 50 → 54 (+4)

1.95% more ownership

Funds ownership: 398.81% → 400.76% (+2%)

0% more repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 13

Holders
54
Holders Change
+4
Holders Change %
+8%
% of All Funds
1.57%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.12%
New
13
Increased
13
Reduced
13
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
HK
Horizon Kinetics
New York
+$10.3M
2
HCM
Hodges Capital Management
Texas
+$2.8M
3
U
UBS
Switzerland
+$2.71M
4
FDS
First Dallas Securities
Texas
+$1.97M
5
Wells Fargo
Wells Fargo
California
+$469K

Top Sellers

1
Select Equity Group
Select Equity Group
New York
-$10.5M
2
FPP
Findlay Park Partners
United Kingdom
-$8.24M
3
PRHC
P.R. Herzig & Co
New York
-$845K
4
Goldman Sachs
Goldman Sachs
New York
-$554K
5
US Bancorp
US Bancorp
Minnesota
-$255K
Name Holding Trade Value Shares
Change 		Change in
Stake
HK
1
Horizon Kinetics
New York
$145M +$10.3M +995,436 +8%
HCM
2
Hodges Capital Management
Texas
$50.8M +$2.8M +271,827 +6%
U
3
UBS
Switzerland
$40.9M +$2.71M +263,169 +8%
Select Equity Group
4
Select Equity Group
New York
$33.8M -$10.5M -1,020,240 -25%
PHAM
5
Pacific Heights Asset Management
California
$24.7M – – –
First Manhattan
6
First Manhattan
New York
$16.1M – – –
LKIM
7
Lawson Kroeker Investment Management
Nebraska
$14.1M -$48.7K -4,725 -0.4%
APCM
8
Arbiter Partners Capital Management
New York
$11.4M – – –
FPP
9
Findlay Park Partners
United Kingdom
$7.35M -$8.24M -798,363 -55%
FDS
10
First Dallas Securities
Texas
$6.84M +$1.97M +190,620 +45%
US Bancorp
11
US Bancorp
Minnesota
$4.13M -$255K -24,750 -6%
MRI
12
Mad River Investors
Massachusetts
$4.05M +$102K +9,900 +3%
Wells Fargo
13
Wells Fargo
California
$3.19M +$469K +45,423 +19%
Goldman Sachs
14
Goldman Sachs
New York
$2.61M -$554K -53,730 -19%
Bank of America
15
Bank of America
North Carolina
$2.04M -$63.3K -6,138 -3%
Bank of New York Mellon
16
Bank of New York Mellon
New York
$1.47M -$164K -15,894 -11%
JP Morgan Chase
17
JP Morgan Chase
New York
$1.2M – – –
Brown Advisory
18
Brown Advisory
Maryland
$1.05M -$138K -13,347 -12%
Two Sigma Investments
19
Two Sigma Investments
New York
$916K +$95.1K +9,216 +12%
Renaissance Technologies
20
Renaissance Technologies
New York
$800K +$288K +27,900 +63%
HCP
21
Holt Capital Partners
Texas
$787K +$731K +70,830 New
Two Sigma Advisers
22
Two Sigma Advisers
New York
$661K +$306K +29,700 +98%
California Public Employees Retirement System
23
California Public Employees Retirement System
California
$479K +$55.7K +5,400 +14%
Morgan Stanley
24
Morgan Stanley
New York
$457K -$90.5K -8,775 -18%
CLOS
25
Compagnie Lombard Odier SCmA
Switzerland
$401K +$376K +36,450 New
1
2 3

TPL Hedge Fund Activity: Q4 2013 in Review

54 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q4 2013, worth a combined $380M — up 17% from $324M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new TPL positions and 7 closed out — a net gain of 6 holders — while 13 added to existing stakes and 13 trimmed.

The largest buyer was Horizon Kinetics, adding an estimated $10.3M. The largest seller was Select Equity Group, cutting an estimated $10.5M.

  • 54 institutional investors held Texas Pacific Land (TPL) as of Q4 2013, up from 50 in Q3 2013.
  • Funds reported $380M of Texas Pacific Land stock for Q4 2013, up 17% quarter-over-quarter.
  • 13 funds opened new Texas Pacific Land positions in Q4 2013 and 7 closed out, a net change of +6 holders.
  • The largest Texas Pacific Land buyer in Q4 2013 was Horizon Kinetics, an estimated $10.3M added.
  • The largest Texas Pacific Land seller in Q4 2013 was Select Equity Group, an estimated $10.5M sold.

Based on aggregated 13F filings for Q4 2013.