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Texas Pacific Land

66 hedge funds and large institutions have $487M invested in Texas Pacific Land in 2015 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 5

12.64% more ownership

Funds ownership: 367.75%380.39% (+13%)

6% more funds holding

Funds holding: 6266 (+4)

7% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 14

0% more funds holding in top 10

Funds holding in top 10: 66 (0)

5% less capital invested

Capital invested by funds: $515M → $487M (-$28M)

Holders
66
Holders Change
+4
Holders Change %
+6.45%
% of All Funds
1.84%
Holding in Top 10
6
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.17%
New
9
Increased
15
Reduced
14
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
HK
1
Horizon Kinetics
New York
$225M +$6.76M +455,184 +3%
HCM
2
Hodges Capital Management
Texas
$76.2M -$515K -34,677 -0.7%
UBS Group
3
UBS Group
Switzerland
$45M +$253K +17,037 +0.6%
First Manhattan
4
First Manhattan
New York
$22.7M
PHAM
5
Pacific Heights Asset Management
California
$21M
LKIM
6
Lawson Kroeker Investment Management
Nebraska
$18.2M -$402K -27,090 -2%
APCM
7
Arbiter Partners Capital Management
New York
$16.1M
DRZID
8
DePrince Race & Zollo Inc (DRZ)
Florida
$9.98M -$1.98M -133,569 -17%
FDS
9
First Dallas Securities
Texas
$7.53M -$299K -20,124 -4%
Wells Fargo
10
Wells Fargo
California
$5.93M +$1.82M +122,490 +48%
MRI
11
Mad River Investors
Massachusetts
$5.6M -$10K -675 -0.2%
US Bancorp
12
US Bancorp
Minnesota
$5.15M
California Public Employees Retirement System
13
California Public Employees Retirement System
California
$2.79M -$93.6K -6,300 -3%
TA
14
Teachers Advisors
New York
$2.42M +$349K +23,481 +18%
CC
15
Cambrian Capital
California
$1.96M -$919K -61,893 -33%
PNC Financial Services Group
16
PNC Financial Services Group
Pennsylvania
$1.9M +$484K +32,553 +36%
Bank of New York Mellon
17
Bank of New York Mellon
New York
$1.88M +$73.4K +4,941 +4%
Morgan Stanley
18
Morgan Stanley
New York
$1.74M -$65.1K -4,383 -4%
JP Morgan Chase
19
JP Morgan Chase
New York
$1.4M
ACM
20
Argentus Capital Management
Texas
$1.15M +$1.1M +73,980 New
Brown Advisory
21
Brown Advisory
Maryland
$1.1M +$149K +10,026 +16%
HCP
22
Holt Capital Partners
Texas
$892K -$412K -27,765 -33%
SGAM
23
Steinberg Global Asset Management
Florida
$814K +$149K +10,035 +24%
BG
24
Bahl & Gaynor
Ohio
$673K
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$668K +$16K +1,080 +3%

TPL Hedge Fund Activity: Q3 2015 in Review

66 of the 3,581 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q3 2015, worth a combined $487M — down 5.4% from $515M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new TPL positions and 5 closed out — a net gain of 4 holders — while 15 added to existing stakes and 14 trimmed.

The largest buyer was Horizon Kinetics, adding an estimated $6.76M. The largest seller was DePrince Race & Zollo Inc (DRZ), cutting an estimated $1.98M.

  • 66 institutional investors held Texas Pacific Land (TPL) as of Q3 2015, up from 62 in Q2 2015.
  • Funds reported $487M of Texas Pacific Land stock for Q3 2015, down 5.4% quarter-over-quarter.
  • 9 funds opened new Texas Pacific Land positions in Q3 2015 and 5 closed out, a net change of +4 holders.
  • The largest Texas Pacific Land buyer in Q3 2015 was Horizon Kinetics, an estimated $6.76M added.
  • The largest Texas Pacific Land seller in Q3 2015 was DePrince Race & Zollo Inc (DRZ), an estimated $1.98M sold.

Based on aggregated 13F filings for Q3 2015.