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Texas Pacific Land
TPL

292 hedge funds and large institutions have $6.83B invested in Texas Pacific Land in 2021 Q1 according to their latest regulatory filings, with 95 funds opening new positions, 53 increasing their positions, 99 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

164% more first-time investments, than exits

New positions opened: 95 | Existing positions closed: 36

162% more capital invested

Capital invested by funds: $2.61B → $6.83B (+$4.23B)

81.51% more ownership

Funds ownership: 417.61% → 499.12% (+82%)

24% more funds holding

Funds holding: 236 → 292 (+56)

16% more funds holding in top 10

Funds holding in top 10: 19 → 22 (+3)

46% less repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 99

Holders
292
Holders Change
+56
Holders Change %
+23.73%
% of All Funds
5.13%
Holding in Top 10
22
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+15.79%
% of All Funds
0.39%
New
95
Increased
53
Reduced
99
Closed
36
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Vanguard Group
Vanguard Group
Pennsylvania
+$598M
2
BlackRock
BlackRock
New York
+$167M
3
Morgan Stanley
Morgan Stanley
New York
+$146M
4
Geode Capital Management
Geode Capital Management
Massachusetts
+$68M
5
Charles Schwab
Charles Schwab
California
+$36M

Top Sellers

1
HKAM
Horizon Kinetics Asset Management
New York
-$54.2M
2
EIP
Epoch Investment Partners
New York
-$46.4M
3
Fidelity International
Fidelity International
Bermuda
-$43.1M
4
HF
HRT Financial
New York
-$43M
5
HCM
Hodges Capital Management
Texas
-$29.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
HKAM
1
Horizon Kinetics Asset Management
New York
$2.48B -$54.2M -435,231 -3%
Vanguard Group
2
Vanguard Group
Pennsylvania
$905M +$598M +4,807,287 +1,515%
Morgan Stanley
3
Morgan Stanley
New York
$607M +$146M +1,175,922 +52%
BlackRock
4
BlackRock
New York
$255M +$167M +1,339,614 +1,300%
First Manhattan
5
First Manhattan
New York
$238M +$541K +4,347 +0.3%
SA
6
SoftVest Advisors
Texas
$207M – – –
T. Rowe Price Associates
7
T. Rowe Price Associates
Maryland
$136M +$318K +2,556 +0.3%
SIC
8
Schwartz Investment Counsel
Michigan
$118M +$3.61M +28,962 +5%
EIP
9
Epoch Investment Partners
New York
$117M -$46.4M -372,726 -36%
PHAM
10
Pacific Heights Asset Management
California
$111M -$11.2M -90,000 -13%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$96.5M +$68M +546,273 New
UBS Group
12
UBS Group
Switzerland
$94.3M -$1.98M -15,894 -3%
MRI
13
Mad River Investors
Massachusetts
$86.6M -$515K -4,140 -0.8%
Wells Fargo
14
Wells Fargo
California
$52.7M -$3.65M -29,304 -9%
Charles Schwab
15
Charles Schwab
California
$51.1M +$36M +289,557 New
Northern Trust
16
Northern Trust
Illinois
$47.3M +$29.1M +234,054 +698%
Fidelity International
17
Fidelity International
Bermuda
$46.1M -$43.1M -345,843 -57%
ACA
18
Anchor Capital Advisors
Massachusetts
$42.7M -$2.91M -23,337 -9%
MC
19
Moors & Cabot
Massachusetts
$41M -$1.16M -9,297 -4%
LIM
20
Lagoda Investment Management
New York
$40.8M +$688K +5,526 +2%
LKIM
21
Lawson Kroeker Investment Management
Nebraska
$40.3M -$18.9M -151,812 -40%
Bank of New York Mellon
22
Bank of New York Mellon
New York
$31.2M +$1.18M +9,459 +6%
State Street
23
State Street
Massachusetts
$31.2M +$7.28M +58,455 +50%
SMP
24
Santa Monica Partners
Florida
$29M +$179K +1,440 +0.9%
PNC Financial Services Group
25
PNC Financial Services Group
Pennsylvania
$28.9M -$589K -4,734 -3%
1
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TPL Hedge Fund Activity: Q1 2021 in Review

292 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q1 2021, worth a combined $6.83B — up 162% from $2.61B a quarter earlier.

Buyers outnumbered sellers: 95 funds opened new TPL positions and 36 closed out — a net gain of 59 holders — while 53 added to existing stakes and 99 trimmed.

The largest buyer was Vanguard Group, adding an estimated $598M. The largest seller was Horizon Kinetics Asset Management, cutting an estimated $54.2M.

  • 292 institutional investors held Texas Pacific Land (TPL) as of Q1 2021, up from 236 in Q4 2020.
  • Funds reported $6.83B of Texas Pacific Land stock for Q1 2021, up 162% quarter-over-quarter.
  • 95 funds opened new Texas Pacific Land positions in Q1 2021 and 36 closed out, a net change of +59 holders.
  • The largest Texas Pacific Land buyer in Q1 2021 was Vanguard Group, an estimated $598M added.
  • The largest Texas Pacific Land seller in Q1 2021 was Horizon Kinetics Asset Management, an estimated $54.2M sold.

Based on aggregated 13F filings for Q1 2021.