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Texas Pacific Land
TPL

60 hedge funds and large institutions have $508M invested in Texas Pacific Land in 2015 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 14 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more capital invested

Capital invested by funds: $420M → $508M (+$88.3M)

20% more funds holding in top 10

Funds holding in top 10: 5 → 6 (+1)

14% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 14

0% more funds holding

Funds holding: 60 → 60 (0)

0% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 7

4.94% less ownership

Funds ownership: 382.29% → 377.35% (-4.9%)

Holders
60
Holders Change
–
Holders Change %
0%
% of All Funds
1.6%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.16%
New
7
Increased
16
Reduced
14
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
+$4.31M
2
UBS Group
UBS Group
Switzerland
+$1.16M
3
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$732K
4
Citadel Advisors
Citadel Advisors
Florida
+$565K
5
LKIM
Lawson Kroeker Investment Management
Nebraska
+$543K

Top Sellers

1
PHAM
Pacific Heights Asset Management
California
-$5.18M
2
Select Equity Group
Select Equity Group
New York
-$4.68M
3
ACA
Apis Capital Advisors
New York
-$1.6M
4
FDS
First Dallas Securities
Texas
-$841K
5
VKH
Virtu KCG Holdings
New York
-$349K
Name Holding Trade Value Shares
Change 		Change in
Stake
HK
1
Horizon Kinetics
New York
$223M -$217K -15,075 -0.1%
HCM
2
Hodges Capital Management
Texas
$81.2M -$343K -23,805 -0.5%
UBS Group
3
UBS Group
Switzerland
$47.1M +$1.16M +80,649 +3%
PHAM
4
Pacific Heights Asset Management
California
$29M -$5.18M -360,000 -17%
First Manhattan
5
First Manhattan
New York
$23.4M – – –
LKIM
6
Lawson Kroeker Investment Management
Nebraska
$18.9M +$543K +37,710 +3%
DRZID
7
DePrince Race & Zollo Inc (DRZ)
Florida
$16.9M +$4.31M +299,196 +40%
APCM
8
Arbiter Partners Capital Management
New York
$16.6M – – –
FDS
9
First Dallas Securities
Texas
$8.59M -$841K -58,464 -10%
MRI
10
Mad River Investors
Massachusetts
$5.8M +$9.71K +675 +0.2%
US Bancorp
11
US Bancorp
Minnesota
$5.32M – – –
Wells Fargo
12
Wells Fargo
California
$4.13M +$9.32K +648 +0.3%
CC
13
Cambrian Capital
California
$3.02M – – –
California Public Employees Retirement System
14
California Public Employees Retirement System
California
$2.78M – – –
Morgan Stanley
15
Morgan Stanley
New York
$2.39M -$72.1K -5,013 -3%
Citadel Advisors
16
Citadel Advisors
Florida
$1.91M +$565K +39,249 +50%
Bank of New York Mellon
17
Bank of New York Mellon
New York
$1.86M -$77.6K -5,391 -4%
PNC Financial Services Group
18
PNC Financial Services Group
Pennsylvania
$1.56M +$732K +50,832 +110%
JP Morgan Chase
19
JP Morgan Chase
New York
$1.45M – – –
HCP
20
Holt Capital Partners
Texas
$1.37M +$61.5K +4,275 +5%
Brown Advisory
21
Brown Advisory
Maryland
$1.15M -$72.4K -5,031 -7%
BG
22
Bahl & Gaynor
Ohio
$695K -$130K -9,000 -17%
Royal Bank of Canada
23
Royal Bank of Canada
Ontario, Canada
$664K +$55.4K +3,852 +10%
CFA
24
CT Financial Advisors
Pennsylvania
$628K -$7.9K -549 -1%
Two Sigma Investments
25
Two Sigma Investments
New York
$625K +$119K +8,253 +27%
1
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TPL Hedge Fund Activity: Q1 2015 in Review

60 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q1 2015, worth a combined $508M — up 21% from $420M a quarter earlier.

Fund positioning in TPL was balanced in Q1 2015: 7 funds opened new positions, 7 closed out, 16 added to existing stakes and 14 trimmed.

The largest buyer was DePrince Race & Zollo Inc (DRZ), adding an estimated $4.31M. The largest seller was Pacific Heights Asset Management, cutting an estimated $5.18M.

  • 60 institutional investors held Texas Pacific Land (TPL) as of Q1 2015, unchanged from Q4 2014.
  • Funds reported $508M of Texas Pacific Land stock for Q1 2015, up 21% quarter-over-quarter.
  • 7 funds opened new Texas Pacific Land positions in Q1 2015 and 7 closed out, a net change of 0 holders.
  • The largest Texas Pacific Land buyer in Q1 2015 was DePrince Race & Zollo Inc (DRZ), an estimated $4.31M added.
  • The largest Texas Pacific Land seller in Q1 2015 was Pacific Heights Asset Management, an estimated $5.18M sold.

Based on aggregated 13F filings for Q1 2015.