Tejon Ranch
TRC
109 hedge funds and large institutions have $294M invested in Tejon Ranch in 2025 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 43 increasing their positions, 23 reducing their positions, and 13 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
87% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 23
13% more capital invested
Capital invested by funds: $261M → $294M (+$33.8M)
3.38% more ownership
Funds ownership: 61.21% → 64.59% (+3.4%)
4% less funds holding
Funds holding: 114 → 109 (-5)
31% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HKAM
Horizon Kinetics Asset Management
New York
|
+$13.6M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$4.29M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.13M |
| 4 |
Morgan Stanley
New York
|
+$930K |
| 5 |
Millennium Management
New York
|
+$912K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$4.05M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$2.28M |
| 3 |
AI
Acuitas Investments
Seattle,
Washington
|
-$1.51M |
| 4 |
OIAM
OFI Invest Asset Management
Paris,
France
|
-$604K |
| 5 |
Jane Street
New York
|
-$595K |
TRC Hedge Fund Activity: Q2 2025 in Review
109 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in Tejon Ranch (TRC) for Q2 2025, worth a combined $294M — up 13% from $261M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of TRC and 9 opened new positions — a net loss of 4 holders — while 23 trimmed existing stakes and 43 added.
The largest buyer was Horizon Kinetics Asset Management, adding an estimated $13.6M. The largest seller was Bank of New York Mellon, cutting an estimated $4.05M.
- 109 institutional investors held Tejon Ranch (TRC) as of Q2 2025, down from 114 in Q1 2025.
- Funds reported $294M of Tejon Ranch stock for Q2 2025, up 13% quarter-over-quarter.
- 9 funds opened new Tejon Ranch positions in Q2 2025 and 13 closed out, a net change of -4 holders.
- The largest Tejon Ranch buyer in Q2 2025 was Horizon Kinetics Asset Management, an estimated $13.6M added.
- The largest Tejon Ranch seller in Q2 2025 was Bank of New York Mellon, an estimated $4.05M sold.
Based on aggregated 13F filings for Q2 2025.