Texas Pacific Land
734 hedge funds and large institutions have $14.3B invested in Texas Pacific Land in 2025 Q4 according to their latest regulatory filings, with 98 funds opening new positions, 259 increasing their positions, 251 reducing their positions, and 67 closing their positions.
46% more first-time investments, than exits
New positions opened: 98 | Existing positions closed: 67
3% more funds holding
Funds holding: 715 → 734 (+19)
2.45% more ownership
Funds ownership: 214.06% → 216.5% (+2.4%)
3% more repeat investments, than reductions
Existing positions increased: 259 | Existing positions reduced: 251
6% less call options, than puts
Call options by funds: $72M | Put options by funds: $76.6M
4% less funds holding in top 10
Funds holding in top 10: 25 → 24 (-1)
6% less capital invested
Capital invested by funds: $15.3B → $14.3B (-$980M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$144M |
| 2 |
Goldman Sachs
New York
|
+$40.8M |
| 3 |
State Street
Boston,
Massachusetts
|
+$24.2M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$23.4M |
| 5 |
SEI Investments
Oaks,
Pennsylvania
|
+$19.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$57M |
| 2 |
HKAM
Horizon Kinetics Asset Management
New York
|
-$55.1M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$30.8M |
| 4 |
Renaissance Technologies
New York
|
-$27.9M |
| 5 |
Focus Partners Wealth
Boston,
Massachusetts
|
-$25.1M |
TPL Hedge Fund Activity: Q4 2025 in Review
734 of the 8,264 institutional investors tracked by Wall St. Rank reported a position in Texas Pacific Land (TPL) for Q4 2025, worth a combined $14.3B — down 6.4% from $15.3B a quarter earlier.
Buyers outnumbered sellers: 98 funds opened new TPL positions and 67 closed out — a net gain of 31 holders — while 259 added to existing stakes and 251 trimmed.
The largest buyer was BlackRock, adding an estimated $144M. The largest seller was Vanguard Group, cutting an estimated $57M.
- 734 institutional investors held Texas Pacific Land (TPL) as of Q4 2025, up from 715 in Q3 2025.
- Funds reported $14.3B of Texas Pacific Land stock for Q4 2025, down 6.4% quarter-over-quarter.
- 98 funds opened new Texas Pacific Land positions in Q4 2025 and 67 closed out, a net change of +31 holders.
- The largest Texas Pacific Land buyer in Q4 2025 was BlackRock, an estimated $144M added.
- The largest Texas Pacific Land seller in Q4 2025 was Vanguard Group, an estimated $57M sold.
Based on aggregated 13F filings for Q4 2025.