Texas Pacific Land
60 hedge funds and large institutions have $420M invested in Texas Pacific Land in 2014 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 15 increasing their positions, 12 reducing their positions, and 13 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 12
5.17% more ownership
Funds ownership: 377.11% → 382.29% (+5.2%)
8% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 13
3% less funds holding
Funds holding: 62 → 60 (-2)
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
38% less capital invested
Capital invested by funds: $679M → $420M (-$259M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Hodges Capital Management
Dallas,
Texas
|
+$6.59M |
| 2 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
+$4.48M |
| 3 |
CC
Cambrian Capital
San Francisco,
California
|
+$821K |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$732K |
| 5 |
LKIM
Lawson Kroeker Investment Management
Omaha,
Nebraska
|
+$604K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
-$4.54M |
| 2 |
TAM
Third Avenue Management
New York
|
-$1.64M |
| 3 |
Two Sigma Investments
New York
|
-$1.61M |
| 4 |
PHAM
Pacific Heights Asset Management
San Francisco,
California
|
-$1.48M |
| 5 |
Two Sigma Advisers
New York
|
-$1.46M |
TPL Hedge Fund Activity: Q4 2014 in Review
60 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q4 2014, worth a combined $420M — down 38% from $679M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of TPL and 12 opened new positions — a net loss of 1 holder — while 12 trimmed existing stakes and 15 added.
The largest buyer was Hodges Capital Management, adding an estimated $6.59M. The largest seller was Select Equity Group, cutting an estimated $4.54M.
- 60 institutional investors held Texas Pacific Land (TPL) as of Q4 2014, down from 62 in Q3 2014.
- Funds reported $420M of Texas Pacific Land stock for Q4 2014, down 38% quarter-over-quarter.
- 12 funds opened new Texas Pacific Land positions in Q4 2014 and 13 closed out, a net change of -1 holder.
- The largest Texas Pacific Land buyer in Q4 2014 was Hodges Capital Management, an estimated $6.59M added.
- The largest Texas Pacific Land seller in Q4 2014 was Select Equity Group, an estimated $4.54M sold.
Based on aggregated 13F filings for Q4 2014.