Texas Pacific Land
464 hedge funds and large institutions have $8.42B invested in Texas Pacific Land in 2023 Q3 according to their latest regulatory filings, with 71 funds opening new positions, 147 increasing their positions, 149 reducing their positions, and 33 closing their positions.
115% more first-time investments, than exits
New positions opened: 71 | Existing positions closed: 33
37% more capital invested
Capital invested by funds: $6.16B → $8.42B (+$2.27B)
8% more funds holding
Funds holding: 430 → 464 (+34)
8% more funds holding in top 10
Funds holding in top 10: 26 → 28 (+2)
1% less repeat investments, than reductions
Existing positions increased: 147 | Existing positions reduced: 149
3.55% less ownership
Funds ownership: 544.78% → 541.23% (-3.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$41M |
| 2 |
DWA
Douglass Winthrop Advisors
New York
|
+$36.3M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$12.9M |
| 4 |
Los Angeles Capital Management
Los Angeles,
California
|
+$10M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$9.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HKAM
Horizon Kinetics Asset Management
New York
|
-$39.7M |
| 2 |
State Street
Boston,
Massachusetts
|
-$24.9M |
| 3 |
Renaissance Technologies
New York
|
-$14.6M |
| 4 |
HCM
Hodges Capital Management
Dallas,
Texas
|
-$13.5M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$11.4M |
TPL Hedge Fund Activity: Q3 2023 in Review
464 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q3 2023, worth a combined $8.42B — up 37% from $6.16B a quarter earlier.
Buyers outnumbered sellers: 71 funds opened new TPL positions and 33 closed out — a net gain of 38 holders — while 147 added to existing stakes and 149 trimmed.
The largest buyer was Millennium Management, adding an estimated $41M. The largest seller was Horizon Kinetics Asset Management, cutting an estimated $39.7M.
- 464 institutional investors held Texas Pacific Land (TPL) as of Q3 2023, up from 430 in Q2 2023.
- Funds reported $8.42B of Texas Pacific Land stock for Q3 2023, up 37% quarter-over-quarter.
- 71 funds opened new Texas Pacific Land positions in Q3 2023 and 33 closed out, a net change of +38 holders.
- The largest Texas Pacific Land buyer in Q3 2023 was Millennium Management, an estimated $41M added.
- The largest Texas Pacific Land seller in Q3 2023 was Horizon Kinetics Asset Management, an estimated $39.7M sold.
Based on aggregated 13F filings for Q3 2023.