Texas Pacific Land
751 hedge funds and large institutions have $21.4B invested in Texas Pacific Land in 2025 Q1 according to their latest regulatory filings, with 116 funds opening new positions, 242 increasing their positions, 247 reducing their positions, and 44 closing their positions.
164% more first-time investments, than exits
New positions opened: 116 | Existing positions closed: 44
58% more call options, than puts
Call options by funds: $217M | Put options by funds: $137M
19% more capital invested
Capital invested by funds: $17.9B → $21.4B (+$3.48B)
9% more funds holding
Funds holding: 687 → 751 (+64)
0.12% more ownership
Funds ownership: 70.52% → 70.65% (+0.12%)
2% less repeat investments, than reductions
Existing positions increased: 242 | Existing positions reduced: 247
3% less funds holding in top 10
Funds holding in top 10: 33 → 32 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$155M |
| 2 |
ANRF
Adams Natural Resources Fund
Baltimore,
Maryland
|
+$97.3M |
| 3 |
BlackRock
New York
|
+$37.6M |
| 4 |
CWM
Congress Wealth Management
Boston,
Massachusetts
|
+$32.2M |
| 5 |
UBS AM
Chicago,
Illinois
|
+$22.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Geode Capital Management
Boston,
Massachusetts
|
-$52.4M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$40.4M |
| 3 |
Neuberger Berman Group
New York
|
-$36.5M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$30.6M |
| 5 |
Morgan Stanley
New York
|
-$28.8M |
TPL Hedge Fund Activity: Q1 2025 in Review
751 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q1 2025, worth a combined $21.4B — up 19% from $17.9B a quarter earlier.
Buyers outnumbered sellers: 116 funds opened new TPL positions and 44 closed out — a net gain of 72 holders — while 242 added to existing stakes and 247 trimmed.
The largest buyer was Vanguard Group, adding an estimated $155M. The largest seller was Geode Capital Management, cutting an estimated $52.4M.
- 751 institutional investors held Texas Pacific Land (TPL) as of Q1 2025, up from 687 in Q4 2024.
- Funds reported $21.4B of Texas Pacific Land stock for Q1 2025, up 19% quarter-over-quarter.
- 116 funds opened new Texas Pacific Land positions in Q1 2025 and 44 closed out, a net change of +72 holders.
- The largest Texas Pacific Land buyer in Q1 2025 was Vanguard Group, an estimated $155M added.
- The largest Texas Pacific Land seller in Q1 2025 was Geode Capital Management, an estimated $52.4M sold.
Based on aggregated 13F filings for Q1 2025.