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Texas Pacific Land
TPL

108 hedge funds and large institutions have $916M invested in Texas Pacific Land in 2017 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 27 increasing their positions, 27 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 8

4% more funds holding

Funds holding: 104 → 108 (+4)

3% more capital invested

Capital invested by funds: $889M → $916M (+$26.7M)

0% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 27

5.16% less ownership

Funds ownership: 360.64% → 355.49% (-5.2%)

25% less funds holding in top 10

Funds holding in top 10: 8 → 6 (-2)

Holders
108
Holders Change
+4
Holders Change %
+3.85%
% of All Funds
2.69%
Holding in Top 10
6
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-25%
% of All Funds
0.15%
New
13
Increased
27
Reduced
27
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Deutsche Bank
Deutsche Bank
Germany
+$6.2M
2
Renaissance Technologies
Renaissance Technologies
New York
+$5.9M
3
RA
RR Advisors
Texas
+$4.65M
4
KCM
Kennedy Capital Management
Missouri
+$2.91M
5
Morgan Stanley
Morgan Stanley
New York
+$1.94M

Top Sellers

1
APCM
Arbiter Partners Capital Management
New York
-$18.6M
2
HCM
Hodges Capital Management
Texas
-$13.4M
3
Wells Fargo
Wells Fargo
California
-$2.05M
4
GCP
GSA Capital Partners
United Kingdom
-$1.39M
5
Two Sigma Investments
Two Sigma Investments
New York
-$1.13M
Name Holding Trade Value Shares
Change 		Change in
Stake
HK
1
Horizon Kinetics
New York
$510M -$265K -8,199 -0.1%
UBS Group
2
UBS Group
Switzerland
$63.9M +$1.36M +42,183 +2%
HCM
3
Hodges Capital Management
Texas
$54.2M -$13.4M -413,478 -20%
First Manhattan
4
First Manhattan
New York
$46.9M – – –
PHAM
5
Pacific Heights Asset Management
California
$36.7M – – –
LKIM
6
Lawson Kroeker Investment Management
Nebraska
$22.1M +$10.8K +333 +0%
MRI
7
Mad River Investors
Massachusetts
$13.1M +$853K +26,415 +7%
Morgan Stanley
8
Morgan Stanley
New York
$10.4M +$1.94M +60,048 +23%
FDS
9
First Dallas Securities
Texas
$9.78M -$755K -23,382 -7%
Wells Fargo
10
Wells Fargo
California
$9.69M -$2.05M -63,468 -18%
Deutsche Bank
11
Deutsche Bank
Germany
$8.76M +$6.2M +191,862 +251%
Renaissance Technologies
12
Renaissance Technologies
New York
$7.67M +$5.9M +182,727 +350%
SIC
13
Schwartz Investment Counsel
Michigan
$7.09M – – –
KL
14
KGH Ltd
Bahamas
$7.04M -$317K -9,828 -4%
APCM
15
Arbiter Partners Capital Management
New York
$6.28M -$18.6M -576,072 -75%
US Bancorp
16
US Bancorp
Minnesota
$6.16M – – –
California Public Employees Retirement System
17
California Public Employees Retirement System
California
$5.88M +$58.1K +1,800 +1%
TP
18
Truvvo Partners
New York
$5.71M – – –
RA
19
RR Advisors
Texas
$4.61M +$4.65M +144,000 New
Millennium Management
20
Millennium Management
New York
$4.57M +$350K +10,836 +8%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$4.01M -$545K -16,875 -12%
Vanguard Group
22
Vanguard Group
Pennsylvania
$3.92M -$899K -27,837 -19%
PGCM
23
Prescott Group Capital Management
Oklahoma
$3.83M – – –
SGAM
24
Steinberg Global Asset Management
Florida
$3.75M +$772K +23,895 +26%
BCM
25
Beddow Capital Management
Wyoming
$3.6M +$50.9K +1,575 +1%
1
2 3 4 5

TPL Hedge Fund Activity: Q2 2017 in Review

108 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q2 2017, worth a combined $916M — up 3% from $889M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new TPL positions and 8 closed out — a net gain of 5 holders — while 27 added to existing stakes and 27 trimmed.

The largest buyer was Deutsche Bank, adding an estimated $6.2M. The largest seller was Arbiter Partners Capital Management, cutting an estimated $18.6M.

  • 108 institutional investors held Texas Pacific Land (TPL) as of Q2 2017, up from 104 in Q1 2017.
  • Funds reported $916M of Texas Pacific Land stock for Q2 2017, up 3% quarter-over-quarter.
  • 13 funds opened new Texas Pacific Land positions in Q2 2017 and 8 closed out, a net change of +5 holders.
  • The largest Texas Pacific Land buyer in Q2 2017 was Deutsche Bank, an estimated $6.2M added.
  • The largest Texas Pacific Land seller in Q2 2017 was Arbiter Partners Capital Management, an estimated $18.6M sold.

Based on aggregated 13F filings for Q2 2017.