We are live on ! Find out more
TPL icon

Texas Pacific Land
TPL

62 hedge funds and large institutions have $679M invested in Texas Pacific Land in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 17 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 3

18% more capital invested

Capital invested by funds: $577M → $679M (+$102M)

17% more funds holding in top 10

Funds holding in top 10: 6 → 7 (+1)

3% more funds holding

Funds holding: 60 → 62 (+2)

6.58% less ownership

Funds ownership: 383.69% → 377.11% (-6.6%)

12% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 17

Holders
62
Holders Change
+2
Holders Change %
+3.33%
% of All Funds
1.8%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.2%
New
5
Increased
15
Reduced
17
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
+$5.87M
2
HK
Horizon Kinetics
New York
+$4.06M
3
California Public Employees Retirement System
California Public Employees Retirement System
California
+$3.06M
4
Morgan Stanley
Morgan Stanley
New York
+$1.65M
5
JP Morgan Chase
JP Morgan Chase
New York
+$801K

Top Sellers

1
Select Equity Group
Select Equity Group
New York
-$19M
2
U
UBS
Switzerland
-$4.15M
3
LKIM
Lawson Kroeker Investment Management
Nebraska
-$3.24M
4
Wells Fargo
Wells Fargo
California
-$2.24M
5
BGA
Belmont Global Advisors
Texas
-$775K
Name Holding Trade Value Shares
Change 		Change in
Stake
HK
1
Horizon Kinetics
New York
$298M +$4.06M +197,811 +1%
HCM
2
Hodges Capital Management
Texas
$99.8M -$7.38K -360 -0%
U
3
UBS
Switzerland
$62.1M -$4.15M -202,257 -7%
PHAM
4
Pacific Heights Asset Management
California
$48.1M – – –
First Manhattan
5
First Manhattan
New York
$31.1M +$196K +9,540 +0.7%
LKIM
6
Lawson Kroeker Investment Management
Nebraska
$23.5M -$3.24M -157,788 -13%
APCM
7
Arbiter Partners Capital Management
New York
$22.1M – – –
Select Equity Group
8
Select Equity Group
New York
$13.5M -$19M -927,468 -59%
FDS
9
First Dallas Securities
Texas
$12M +$111K +5,400 +1%
DRZID
10
DePrince Race & Zollo Inc (DRZ)
Florida
$10.3M +$5.87M +286,281 +148%
MRI
11
Mad River Investors
Massachusetts
$7.59M -$115K -5,625 -2%
US Bancorp
12
US Bancorp
Minnesota
$7.07M -$738K -36,000 -10%
Wells Fargo
13
Wells Fargo
California
$4.95M -$2.24M -108,972 -32%
California Public Employees Retirement System
14
California Public Employees Retirement System
California
$4.33M +$3.06M +149,400 +281%
Morgan Stanley
15
Morgan Stanley
New York
$3.29M +$1.65M +80,244 +109%
CC
16
Cambrian Capital
California
$2.95M -$163K -7,929 -5%
JP Morgan Chase
17
JP Morgan Chase
New York
$2.95M +$801K +39,069 +40%
Two Sigma Investments
18
Two Sigma Investments
New York
$2.74M +$363K +17,685 +16%
Bank of New York Mellon
19
Bank of New York Mellon
New York
$2.59M -$92.3K -4,500 -4%
Brown Advisory
20
Brown Advisory
Maryland
$1.75M -$114K -5,562 -6%
TAM
21
Third Avenue Management
New York
$1.64M -$37.8K -1,845 -2%
HCP
22
Holt Capital Partners
Texas
$1.51M – – –
Two Sigma Advisers
23
Two Sigma Advisers
New York
$1.46M +$92.3K +4,500 +7%
Bank of America
24
Bank of America
North Carolina
$811K +$50.8K +2,475 +7%
VKH
25
Virtu KCG Holdings
New York
$773K +$741K +36,144 New
1
2 3

TPL Hedge Fund Activity: Q3 2014 in Review

62 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q3 2014, worth a combined $679M — up 18% from $577M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new TPL positions and 3 closed out — a net gain of 2 holders — while 15 added to existing stakes and 17 trimmed.

The largest buyer was DePrince Race & Zollo Inc (DRZ), adding an estimated $5.87M. The largest seller was Select Equity Group, cutting an estimated $19M.

  • 62 institutional investors held Texas Pacific Land (TPL) as of Q3 2014, up from 60 in Q2 2014.
  • Funds reported $679M of Texas Pacific Land stock for Q3 2014, up 18% quarter-over-quarter.
  • 5 funds opened new Texas Pacific Land positions in Q3 2014 and 3 closed out, a net change of +2 holders.
  • The largest Texas Pacific Land buyer in Q3 2014 was DePrince Race & Zollo Inc (DRZ), an estimated $5.87M added.
  • The largest Texas Pacific Land seller in Q3 2014 was Select Equity Group, an estimated $19M sold.

Based on aggregated 13F filings for Q3 2014.