Texas Pacific Land
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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HK
Horizon Kinetics
New York
|
+$4.02M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$536K |
| 3 |
Swiss National Bank
Zurich,
Switzerland
|
+$453K |
| 4 |
BCM
Beddow Capital Management
Jackson,
Wyoming
|
+$322K |
| 5 |
SGAM
Steinberg Global Asset Management
Boca Raton,
Florida
|
+$322K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Hodges Capital Management
Dallas,
Texas
|
-$5.42M |
| 2 |
TP
Truvvo Partners
New York
|
-$2.56M |
| 3 |
DRZID
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$740K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$507K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$506K |
TPL Hedge Fund Activity: Q1 2016 in Review
79 of the 3,767 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.