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Texas Pacific Land

168 hedge funds and large institutions have $1.69B invested in Texas Pacific Land in 2018 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 46 increasing their positions, 49 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

5.96% more ownership

Funds ownership: 356.04%362.01% (+6%)

6% less repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 49

6% less funds holding

Funds holding: 179168 (-11)

6% less funds holding in top 10

Funds holding in top 10: 1615 (-1)

31% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 32

36% less capital invested

Capital invested by funds: $2.66B → $1.69B (-$966M)

Holders
168
Holders Change
-11
Holders Change %
-6.15%
% of All Funds
3.74%
Holding in Top 10
15
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-6.25%
% of All Funds
0.33%
New
22
Increased
46
Reduced
49
Closed
32
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
HK
1
Horizon Kinetics
New York
$979M -$14M -194,688 -1%
First Manhattan
2
First Manhattan
New York
$84.1M -$1.13M -15,687 -1%
UBS Group
3
UBS Group
Switzerland
$78M -$5.19M -72,018 -5%
HCM
4
Hodges Capital Management
Texas
$54M -$1.74M -24,138 -3%
PHAM
5
Pacific Heights Asset Management
California
$43.3M
MRI
6
Mad River Investors
Massachusetts
$31.2M -$122K -1,692 -0.3%
LKIM
7
Lawson Kroeker Investment Management
Nebraska
$26.4M -$250K -3,465 -0.8%
Fidelity International
8
Fidelity International
Bermuda
$26.4M +$6.74M +93,564 +27%
Morgan Stanley
9
Morgan Stanley
New York
$24M +$9.74M +135,108 +51%
Bank of New York Mellon
10
Bank of New York Mellon
New York
$21.3M +$1.41M +19,575 +6%
PC
11
Polar Capital
United Kingdom
$20.2M +$5.59M +77,553 +30%
SIC
12
Schwartz Investment Counsel
Michigan
$19.2M +$32.4K +450 +0.1%
FDS
13
First Dallas Securities
Texas
$12.6M -$493K -6,840 -3%
WEC
14
White Elm Capital
Connecticut
$11.8M +$4.79M +66,492 +51%
Vanguard Group
15
Vanguard Group
Pennsylvania
$11.5M +$2.63M +36,531 +24%
Wells Fargo
16
Wells Fargo
California
$11.3M -$586K -8,136 -4%
SMP
17
Santa Monica Partners
Florida
$9.63M
MC
18
Moors & Cabot
Massachusetts
$9.37M -$73.3K -1,017 -0.6%
California Public Employees Retirement System
19
California Public Employees Retirement System
California
$9.08M -$369K -5,121 -3%
US Bancorp
20
US Bancorp
Minnesota
$7.51M +$1.3K +18 +0%
Arrowstreet Capital
21
Arrowstreet Capital
Massachusetts
$7.36M -$2.94M -40,743 -25%
SGAM
22
Steinberg Global Asset Management
Florida
$7.17M +$117K +1,620 +1%
PNC Financial Services Group
23
PNC Financial Services Group
Pennsylvania
$6.34M +$1.02M +14,085 +15%
FM
24
Family Management
New York
$6.3M +$649K +9,000 +9%
ECM
25
EagleClaw Capital Management
Massachusetts
$6.03M +$941K +13,050 +15%

TPL Hedge Fund Activity: Q4 2018 in Review

168 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q4 2018, worth a combined $1.69B — down 36% from $2.66B a quarter earlier.

Sellers outnumbered buyers: 32 funds closed out of TPL and 22 opened new positions — a net loss of 10 holders — while 49 trimmed existing stakes and 46 added.

The largest buyer was Morgan Stanley, adding an estimated $9.74M. The largest seller was Horizon Kinetics, cutting an estimated $14M.

  • 168 institutional investors held Texas Pacific Land (TPL) as of Q4 2018, down from 179 in Q3 2018.
  • Funds reported $1.69B of Texas Pacific Land stock for Q4 2018, down 36% quarter-over-quarter.
  • 22 funds opened new Texas Pacific Land positions in Q4 2018 and 32 closed out, a net change of -10 holders.
  • The largest Texas Pacific Land buyer in Q4 2018 was Morgan Stanley, an estimated $9.74M added.
  • The largest Texas Pacific Land seller in Q4 2018 was Horizon Kinetics, an estimated $14M sold.

Based on aggregated 13F filings for Q4 2018.