Texas Pacific Land
472 hedge funds and large institutions have $7.43B invested in Texas Pacific Land in 2023 Q4 according to their latest regulatory filings, with 57 funds opening new positions, 151 increasing their positions, 157 reducing their positions, and 42 closing their positions.
36% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 42
12.13% more ownership
Funds ownership: 541.23% → 553.36% (+12%)
2% more funds holding
Funds holding: 464 → 472 (+8)
4% less repeat investments, than reductions
Existing positions increased: 151 | Existing positions reduced: 157
4% less funds holding in top 10
Funds holding in top 10: 28 → 27 (-1)
12% less capital invested
Capital invested by funds: $8.42B → $7.43B (-$997M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$78.1M |
| 2 |
BlackRock
New York
|
+$29.1M |
| 3 |
HCM
Hodges Capital Management
Dallas,
Texas
|
+$27.9M |
| 4 |
State Street
Boston,
Massachusetts
|
+$26M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$17.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HKAM
Horizon Kinetics Asset Management
New York
|
-$71.3M |
| 2 |
Millennium Management
New York
|
-$26M |
| 3 |
MRI
Mad River Investors
Boston,
Massachusetts
|
-$11.9M |
| 4 |
Morgan Stanley
New York
|
-$10.6M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$10.1M |
TPL Hedge Fund Activity: Q4 2023 in Review
472 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q4 2023, worth a combined $7.43B — down 12% from $8.42B a quarter earlier.
Buyers outnumbered sellers: 57 funds opened new TPL positions and 42 closed out — a net gain of 15 holders — while 151 added to existing stakes and 157 trimmed.
The largest buyer was Neuberger Berman Group, adding an estimated $78.1M. The largest seller was Horizon Kinetics Asset Management, cutting an estimated $71.3M.
- 472 institutional investors held Texas Pacific Land (TPL) as of Q4 2023, up from 464 in Q3 2023.
- Funds reported $7.43B of Texas Pacific Land stock for Q4 2023, down 12% quarter-over-quarter.
- 57 funds opened new Texas Pacific Land positions in Q4 2023 and 42 closed out, a net change of +15 holders.
- The largest Texas Pacific Land buyer in Q4 2023 was Neuberger Berman Group, an estimated $78.1M added.
- The largest Texas Pacific Land seller in Q4 2023 was Horizon Kinetics Asset Management, an estimated $71.3M sold.
Based on aggregated 13F filings for Q4 2023.