Texas Pacific Land
60 hedge funds and large institutions have $577M invested in Texas Pacific Land in 2014 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 10 increasing their positions, 14 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
21% more capital invested
Capital invested by funds: $478M → $577M (+$98.1M)
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
3% more funds holding
Funds holding: 58 → 60 (+2)
8.66% less ownership
Funds ownership: 392.35% → 383.69% (-8.7%)
29% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$3.19M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$852K |
| 3 |
SCP
Syntal Capital Partners
Midland,
Texas
|
+$593K |
| 4 |
BGA
Belmont Global Advisors
Dallas,
Texas
|
+$549K |
| 5 |
HK
Horizon Kinetics
New York
|
+$414K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
-$8.44M |
| 2 |
U
UBS
Zurich,
Switzerland
|
-$4.46M |
| 3 |
Goldman Sachs
New York
|
-$2.75M |
| 4 |
FDS
First Dallas Securities
Dallas,
Texas
|
-$794K |
| 5 |
HCM
Hodges Capital Management
Dallas,
Texas
|
-$588K |
TPL Hedge Fund Activity: Q2 2014 in Review
60 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q2 2014, worth a combined $577M — up 21% from $478M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new TPL positions and 5 closed out — a net gain of 3 holders — while 10 added to existing stakes and 14 trimmed.
The largest buyer was DePrince Race & Zollo Inc (DRZ), opening a new position worth an estimated $3.19M. The largest seller was Select Equity Group, cutting an estimated $8.44M.
- 60 institutional investors held Texas Pacific Land (TPL) as of Q2 2014, up from 58 in Q1 2014.
- Funds reported $577M of Texas Pacific Land stock for Q2 2014, up 21% quarter-over-quarter.
- 8 funds opened new Texas Pacific Land positions in Q2 2014 and 5 closed out, a net change of +3 holders.
- The largest Texas Pacific Land buyer in Q2 2014 was DePrince Race & Zollo Inc (DRZ), an estimated $3.19M added.
- The largest Texas Pacific Land seller in Q2 2014 was Select Equity Group, an estimated $8.44M sold.
Based on aggregated 13F filings for Q2 2014.