Texas Pacific Land
94 hedge funds and large institutions have $796M invested in Texas Pacific Land in 2016 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 15 increasing their positions, 28 reducing their positions, and 5 closing their positions.
220% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 5
40% more capital invested
Capital invested by funds: $571M → $796M (+$226M)
12% more funds holding
Funds holding: 84 → 94 (+10)
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
1.05% less ownership
Funds ownership: 375.07% → 374.02% (-1%)
46% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
APCM
Arbiter Partners Capital Management
New York
|
+$6.11M |
| 2 |
HK
Horizon Kinetics
New York
|
+$5.18M |
| 3 |
SIC
Schwartz Investment Counsel
Plymouth,
Michigan
|
+$2.89M |
| 4 |
PGCM
Prescott Group Capital Management
Tulsa,
Oklahoma
|
+$1.85M |
| 5 |
PC
Pecaut & Co
Sioux City,
Iowa
|
+$1.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Hodges Capital Management
Dallas,
Texas
|
-$20.6M |
| 2 |
TA
Teachers Advisors
New York
|
-$2.69M |
| 3 |
PHAM
Pacific Heights Asset Management
San Francisco,
California
|
-$1.84M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$1.24M |
| 5 |
FDS
First Dallas Securities
Dallas,
Texas
|
-$843K |
TPL Hedge Fund Activity: Q3 2016 in Review
94 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q3 2016, worth a combined $796M — up 40% from $571M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new TPL positions and 5 closed out — a net gain of 11 holders — while 15 added to existing stakes and 28 trimmed.
The largest buyer was Arbiter Partners Capital Management, adding an estimated $6.11M. The largest seller was Hodges Capital Management, cutting an estimated $20.6M.
- 94 institutional investors held Texas Pacific Land (TPL) as of Q3 2016, up from 84 in Q2 2016.
- Funds reported $796M of Texas Pacific Land stock for Q3 2016, up 40% quarter-over-quarter.
- 16 funds opened new Texas Pacific Land positions in Q3 2016 and 5 closed out, a net change of +11 holders.
- The largest Texas Pacific Land buyer in Q3 2016 was Arbiter Partners Capital Management, an estimated $6.11M added.
- The largest Texas Pacific Land seller in Q3 2016 was Hodges Capital Management, an estimated $20.6M sold.
Based on aggregated 13F filings for Q3 2016.