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Texas Pacific Land

62 hedge funds and large institutions have $515M invested in Texas Pacific Land in 2015 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 20 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 4

3% more funds holding

Funds holding: 6062 (+2)

1% more capital invested

Capital invested by funds: $508M → $515M (+$6.48M)

0% more funds holding in top 10

Funds holding in top 10: 66 (0)

9.6% less ownership

Funds ownership: 377.35%367.75% (-9.6%)

70% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 20

Holders
62
Holders Change
+2
Holders Change %
+3.33%
% of All Funds
1.67%
Holding in Top 10
6
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.16%
New
6
Increased
6
Reduced
20
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
HK
1
Horizon Kinetics
New York
$233M +$1.2M +70,803 +0.5%
HCM
2
Hodges Capital Management
Texas
$82.3M -$2.09M -123,147 -2%
UBS Group
3
UBS Group
Switzerland
$48M -$940K -55,404 -2%
First Manhattan
4
First Manhattan
New York
$24.3M
PHAM
5
Pacific Heights Asset Management
California
$22.6M -$7.64M -450,000 -25%
LKIM
6
Lawson Kroeker Investment Management
Nebraska
$20M +$411K +24,210 +2%
APCM
7
Arbiter Partners Capital Management
New York
$17.2M
DRZID
8
DePrince Race & Zollo Inc (DRZ)
Florida
$12.9M -$4.72M -277,929 -26%
FDS
9
First Dallas Securities
Texas
$8.42M -$516K -30,375 -6%
MRI
10
Mad River Investors
Massachusetts
$6.02M -$11.5K -675 -0.2%
US Bancorp
11
US Bancorp
Minnesota
$5.53M
Wells Fargo
12
Wells Fargo
California
$4.31M +$16.2K +954 +0.4%
CC
13
Cambrian Capital
California
$3.14M
California Public Employees Retirement System
14
California Public Employees Retirement System
California
$3.1M -$596K -35,100 -16%
TA
15
Teachers Advisors
New York
$2.2M +$2.23M +131,643 New
Morgan Stanley
16
Morgan Stanley
New York
$1.94M -$553K -32,580 -22%
Bank of New York Mellon
17
Bank of New York Mellon
New York
$1.93M
Citadel Advisors
18
Citadel Advisors
Florida
$1.69M -$298K -17,586 -15%
JP Morgan Chase
19
JP Morgan Chase
New York
$1.5M
PNC Financial Services Group
20
PNC Financial Services Group
Pennsylvania
$1.5M -$128K -7,569 -8%
HCP
21
Holt Capital Partners
Texas
$1.42M
Brown Advisory
22
Brown Advisory
Maryland
$1.02M -$178K -10,476 -15%
BG
23
Bahl & Gaynor
Ohio
$722K
SGAM
24
Steinberg Global Asset Management
Florida
$706K +$396K +23,310 +123%
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$699K +$9.93K +585 +1%

TPL Hedge Fund Activity: Q2 2015 in Review

62 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q2 2015, worth a combined $515M — up 1.3% from $508M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new TPL positions and 4 closed out — a net gain of 2 holders — while 6 added to existing stakes and 20 trimmed.

The largest buyer was Teachers Advisors, opening a new position worth an estimated $2.23M. The largest seller was Pacific Heights Asset Management, cutting an estimated $7.64M.

  • 62 institutional investors held Texas Pacific Land (TPL) as of Q2 2015, up from 60 in Q1 2015.
  • Funds reported $515M of Texas Pacific Land stock for Q2 2015, up 1.3% quarter-over-quarter.
  • 6 funds opened new Texas Pacific Land positions in Q2 2015 and 4 closed out, a net change of +2 holders.
  • The largest Texas Pacific Land buyer in Q2 2015 was Teachers Advisors, an estimated $2.23M added.
  • The largest Texas Pacific Land seller in Q2 2015 was Pacific Heights Asset Management, an estimated $7.64M sold.

Based on aggregated 13F filings for Q2 2015.