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Texas Pacific Land
TPL

79 hedge funds and large institutions have $495M invested in Texas Pacific Land in 2016 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 21 increasing their positions, 19 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 6

17% more funds holding in top 10

Funds holding in top 10: 6 → 7 (+1)

11% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 19

10% more capital invested

Capital invested by funds: $450M → $495M (+$45.2M)

4% more funds holding

Funds holding: 76 → 79 (+3)

0.55% more ownership

Funds ownership: 376.84% → 377.39% (+0.55%)

Holders
79
Holders Change
+3
Holders Change %
+3.95%
% of All Funds
2.1%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.19%
New
9
Increased
21
Reduced
19
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
HK
Horizon Kinetics
New York
+$4.02M
2
RJA
Raymond James & Associates
Florida
+$536K
3
Swiss National Bank
Swiss National Bank
Switzerland
+$453K
4
BCM
Beddow Capital Management
Wyoming
+$322K
5
SGAM
Steinberg Global Asset Management
Florida
+$322K

Top Sellers

1
HCM
Hodges Capital Management
Texas
-$5.42M
2
TP
Truvvo Partners
New York
-$2.56M
3
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$740K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$507K
5
VKH
Virtu KCG Holdings
New York
-$506K
Name Holding Trade Value Shares
Change 		Change in
Stake
HK
1
Horizon Kinetics
New York
$240M +$4.02M +273,969 +2%
HCM
2
Hodges Capital Management
Texas
$67.9M -$5.42M -369,099 -8%
UBS Group
3
UBS Group
Switzerland
$45.8M -$328K -22,347 -0.8%
First Manhattan
4
First Manhattan
New York
$23.4M -$70K -4,770 -0.3%
PHAM
5
Pacific Heights Asset Management
California
$21.8M – – –
LKIM
6
Lawson Kroeker Investment Management
Nebraska
$17.4M +$18.1K +1,233 +0.1%
APCM
7
Arbiter Partners Capital Management
New York
$16.7M – – –
FDS
8
First Dallas Securities
Texas
$7.14M -$394K -26,856 -6%
Wells Fargo
9
Wells Fargo
California
$6.4M +$274K +18,657 +5%
MRI
10
Mad River Investors
Massachusetts
$6.1M +$285K +19,422 +5%
US Bancorp
11
US Bancorp
Minnesota
$5.01M -$238K -16,200 -5%
TA
12
Teachers Advisors
New York
$2.81M – – –
California Public Employees Retirement System
13
California Public Employees Retirement System
California
$2.72M -$158K -10,800 -6%
Bank of New York Mellon
14
Bank of New York Mellon
New York
$2.18M – – –
Swiss National Bank
15
Swiss National Bank
Switzerland
$1.9M +$453K +30,870 +34%
PNC Financial Services Group
16
PNC Financial Services Group
Pennsylvania
$1.74M +$14.5K +990 +0.9%
CC
17
Cambrian Capital
California
$1.69M -$310K -21,150 -17%
Morgan Stanley
18
Morgan Stanley
New York
$1.6M +$165K +11,214 +13%
JP Morgan Chase
19
JP Morgan Chase
New York
$1.5M +$38.6K +2,628 +3%
Vanguard Group
20
Vanguard Group
Pennsylvania
$1.49M +$59.2K +4,032 +5%
SGAM
21
Steinberg Global Asset Management
Florida
$1.42M +$322K +21,960 +33%
BCM
22
Beddow Capital Management
Wyoming
$1.22M +$322K +21,960 +41%
Brown Advisory
23
Brown Advisory
Maryland
$1.09M -$46.2K -3,150 -4%
DRZID
24
DePrince Race & Zollo Inc (DRZ)
Florida
$1.09M -$740K -50,409 -43%
State Street
25
State Street
Massachusetts
$1M +$317K +21,600 +53%
1
2 3 4

TPL Hedge Fund Activity: Q1 2016 in Review

79 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q1 2016, worth a combined $495M — up 10% from $450M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new TPL positions and 6 closed out — a net gain of 3 holders — while 21 added to existing stakes and 19 trimmed.

The largest buyer was Horizon Kinetics, adding an estimated $4.02M. The largest seller was Hodges Capital Management, cutting an estimated $5.42M.

  • 79 institutional investors held Texas Pacific Land (TPL) as of Q1 2016, up from 76 in Q4 2015.
  • Funds reported $495M of Texas Pacific Land stock for Q1 2016, up 10% quarter-over-quarter.
  • 9 funds opened new Texas Pacific Land positions in Q1 2016 and 6 closed out, a net change of +3 holders.
  • The largest Texas Pacific Land buyer in Q1 2016 was Horizon Kinetics, an estimated $4.02M added.
  • The largest Texas Pacific Land seller in Q1 2016 was Hodges Capital Management, an estimated $5.42M sold.

Based on aggregated 13F filings for Q1 2016.