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Texas Pacific Land

595 hedge funds and large institutions have $13.5B invested in Texas Pacific Land in 2024 Q3 according to their latest regulatory filings, with 77 funds opening new positions, 186 increasing their positions, 201 reducing their positions, and 48 closing their positions.

New
Increased
Maintained
Reduced
Closed

307% more call options, than puts

Call options by funds: $5.04M | Put options by funds: $1.24M

60% more first-time investments, than exits

New positions opened: 77 | Existing positions closed: 48

22% more capital invested

Capital invested by funds: $11B → $13.5B (+$2.47B)

15% more funds holding in top 10

Funds holding in top 10: 2630 (+4)

4% more funds holding

Funds holding: 570595 (+25)

3.8% more ownership

Funds ownership: 195.44%199.24% (+3.8%)

7% less repeat investments, than reductions

Existing positions increased: 186 | Existing positions reduced: 201

Holders
595
Holders Change
+25
Holders Change %
+4.39%
% of All Funds
8.54%
Holding in Top 10
30
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+15.38%
% of All Funds
0.43%
New
77
Increased
186
Reduced
201
Closed
48
Calls
$5.04M
Puts
$1.24M
Net Calls
+$3.8M
Net Calls Change
+$3.8M
Name Holding Trade Value Shares
Change
Change in
Stake
HKAM
1
Horizon Kinetics Asset Management
New York
$3.27B -$51.1K -186 -0%
BlackRock
2
BlackRock
New York
$2.02B +$33.3M +121,332 +2%
Vanguard Group
3
Vanguard Group
Pennsylvania
$1.85B +$71M +258,627 +4%
State Street
4
State Street
Massachusetts
$675M +$23M +83,652 +4%
Geode Capital Management
5
Geode Capital Management
Massachusetts
$412M +$67.5M +245,922 +22%
SA
6
SoftVest Advisors
Texas
$348M
First Manhattan
7
First Manhattan
New York
$299M -$124K -450 -0%
Morgan Stanley
8
Morgan Stanley
New York
$207M +$27.1M +98,823 +16%
Bank of New York Mellon
9
Bank of New York Mellon
New York
$170M -$10.3M -37,473 -6%
SIC
10
Schwartz Investment Counsel
Michigan
$164M -$2.67M -9,741 -2%
Northern Trust
11
Northern Trust
Illinois
$163M +$492K +1,791 +0.3%
PHAM
12
Pacific Heights Asset Management
California
$146M
Dimensional Fund Advisors
13
Dimensional Fund Advisors
Texas
$121M +$8.65M +31,494 +8%
Charles Schwab
14
Charles Schwab
California
$121M +$1.63M +5,952 +1%
Legal & General Group
15
Legal & General Group
United Kingdom
$99.6M +$694K +2,526 +0.8%
DWA
16
Douglass Winthrop Advisors
New York
$87.8M +$2.77M +10,089 +4%
Invesco
17
Invesco
Georgia
$87.4M +$50.4M +183,645 +163%
MRI
18
Mad River Investors
Massachusetts
$86.5M -$1.26M -4,596 -2%
California State Teachers Retirement System (CalSTRS)
19
California State Teachers Retirement System (CalSTRS)
California
$77.7M +$9.72M +35,391 +16%
Neuberger Berman Group
20
Neuberger Berman Group
New York
$76.2M -$258K -939 -0.4%
First Trust Advisors
21
First Trust Advisors
Illinois
$72.2M +$8.19M +29,826 +14%
Amundi
22
Amundi
France
$68.2M +$13.2K +48 +0%
MC
23
Moors & Cabot
Massachusetts
$66.5M -$2.88M -10,473 -4%
UBS Group
24
UBS Group
Switzerland
$65.6M -$1.67M -6,096 -3%
AQR Capital Management
25
AQR Capital Management
Connecticut
$64.3M +$30.4M +110,784 +103%

TPL Hedge Fund Activity: Q3 2024 in Review

595 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q3 2024, worth a combined $13.5B — up 22% from $11B a quarter earlier.

Buyers outnumbered sellers: 77 funds opened new TPL positions and 48 closed out — a net gain of 29 holders — while 186 added to existing stakes and 201 trimmed.

The largest buyer was Vanguard Group, adding an estimated $71M. The largest seller was JP Morgan Chase, cutting an estimated $34.7M.

  • 595 institutional investors held Texas Pacific Land (TPL) as of Q3 2024, up from 570 in Q2 2024.
  • Funds reported $13.5B of Texas Pacific Land stock for Q3 2024, up 22% quarter-over-quarter.
  • 77 funds opened new Texas Pacific Land positions in Q3 2024 and 48 closed out, a net change of +29 holders.
  • The largest Texas Pacific Land buyer in Q3 2024 was Vanguard Group, an estimated $71M added.
  • The largest Texas Pacific Land seller in Q3 2024 was JP Morgan Chase, an estimated $34.7M sold.

Based on aggregated 13F filings for Q3 2024.