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Texas Pacific Land

205 hedge funds and large institutions have $1.99B invested in Texas Pacific Land in 2019 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 61 increasing their positions, 51 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 17

20% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 51

5.11% more ownership

Funds ownership: 350.34%355.44% (+5.1%)

1% more funds holding

Funds holding: 203205 (+2)

0% more funds holding in top 10

Funds holding in top 10: 1717 (0)

16% less capital invested

Capital invested by funds: $2.38B → $1.99B (-$387M)

Holders
205
Holders Change
+2
Holders Change %
+0.99%
% of All Funds
4.5%
Holding in Top 10
17
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.37%
New
21
Increased
61
Reduced
51
Closed
17
Calls
$264K
Puts
Net Calls
+$264K
Net Calls Change
+$264K
Name Holding Trade Value Shares
Change
Change in
Stake
HKAM
1
Horizon Kinetics Asset Management
New York
$1.16B -$5.67M -72,711 -0.5%
First Manhattan
2
First Manhattan
New York
$101M
Fidelity International
3
Fidelity International
Bermuda
$52.2M +$4.97M +63,729 +10%
PHAM
4
Pacific Heights Asset Management
California
$50.3M
HCM
5
Hodges Capital Management
Texas
$45.2M +$719K +9,225 +1%
UBS Group
6
UBS Group
Switzerland
$40.8M -$669K -8,586 -1%
PC
7
Polar Capital
United Kingdom
$38.9M +$564K +7,236 +1%
MRI
8
Mad River Investors
Massachusetts
$36.9M -$186K -2,385 -0.5%
LKIM
9
Lawson Kroeker Investment Management
Nebraska
$28.2M -$1.72M -22,050 -5%
SIC
10
Schwartz Investment Counsel
Michigan
$23.5M +$70.1K +900 +0.3%
WEC
11
White Elm Capital
Connecticut
$17.6M +$1.77M +22,752 +10%
Vanguard Group
12
Vanguard Group
Pennsylvania
$14.3M +$281K +3,609 +2%
Morgan Stanley
13
Morgan Stanley
New York
$13.8M +$537K +6,894 +4%
PNC Financial Services Group
14
PNC Financial Services Group
Pennsylvania
$13.8M -$525K -6,732 -3%
FDS
15
First Dallas Securities
Texas
$13.5M -$77.9K -999 -0.5%
MC
16
Moors & Cabot
Massachusetts
$13.2M +$1.53M +19,683 +12%
Wells Fargo
17
Wells Fargo
California
$12.9M -$424K -5,445 -3%
Man Group
18
Man Group
United Kingdom
$12.4M +$7.78M +99,810 +138%
SMP
19
Santa Monica Partners
Florida
$12.4M +$14K +180 +0.1%
EIP
20
Epoch Investment Partners
New York
$12.2M +$13.2M +169,578 New
Ninety One (UK)
21
Ninety One (UK)
United Kingdom
$12.1M +$6.3M +80,829 +93%
Arrowstreet Capital
22
Arrowstreet Capital
Massachusetts
$10.4M -$1.12M -14,400 -9%
California Public Employees Retirement System
23
California Public Employees Retirement System
California
$9.55M +$1.32M +16,884 +15%
Fidelity Investments
24
Fidelity Investments
Massachusetts
$9.49M -$1.44M -18,513 -12%
ECM
25
EagleClaw Capital Management
Massachusetts
$8.93M +$644K +8,262 +7%

TPL Hedge Fund Activity: Q3 2019 in Review

205 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q3 2019, worth a combined $1.99B — down 16% from $2.38B a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new TPL positions and 17 closed out — a net gain of 4 holders — while 61 added to existing stakes and 51 trimmed.

The largest buyer was Epoch Investment Partners, opening a new position worth an estimated $13.2M. The largest seller was Horizon Kinetics Asset Management, cutting an estimated $5.67M.

  • 205 institutional investors held Texas Pacific Land (TPL) as of Q3 2019, up from 203 in Q2 2019.
  • Funds reported $1.99B of Texas Pacific Land stock for Q3 2019, down 16% quarter-over-quarter.
  • 21 funds opened new Texas Pacific Land positions in Q3 2019 and 17 closed out, a net change of +4 holders.
  • The largest Texas Pacific Land buyer in Q3 2019 was Epoch Investment Partners, an estimated $13.2M added.
  • The largest Texas Pacific Land seller in Q3 2019 was Horizon Kinetics Asset Management, an estimated $5.67M sold.

Based on aggregated 13F filings for Q3 2019.