As Texas Pac Ld Tr (TPL) Market Value Rose, Horizon Kinetics LLC Has Increased Its Holding

May 18, 2018 - By David Engel

Texas Pacific Land Trust (NYSE:TPL) LogoInvestors sentiment increased to 1.19 in 2017 Q4. Its up 0.07, from 1.12 in 2017Q3. It is positive, as 5 investors sold TPL shares while 32 reduced holdings. 14 funds opened positions while 30 raised stakes. 2.86 million shares or 0.50% less from 2.87 million shares in 2017Q3 were reported. Sfmg Ltd accumulated 0.07% or 950 shares. Holt Capital Advisors Ltd Liability Dba Holt Capital L P, Texas-based fund reported 5,335 shares. Nelson Van Denburg & Campbell Wealth Mgmt Grp Limited Com reported 100 shares stake. Rr Advsrs Limited Liability Company has 16,000 shares. Acadian Asset Mngmt Ltd Liability Corp invested in 0% or 23 shares. Raymond James Assocs invested 0.01% of its portfolio in Texas Pacific Land Trust (NYSE:TPL). Pnc Services Inc holds 0% of its portfolio in Texas Pacific Land Trust (NYSE:TPL) for 9,952 shares. 534 are held by Employees Retirement Association Of Colorado. 635 were reported by Hightower Advsrs Limited Liability Corporation. Pacific Heights Asset Mngmt Ltd Com stated it has 100,000 shares. Morgan Stanley owns 35,584 shares or 0% of their US portfolio. Moors Cabot reported 0.8% in Texas Pacific Land Trust (NYSE:TPL). State Street has 0% invested in Texas Pacific Land Trust (NYSE:TPL) for 11,267 shares. United Capital Advisers Limited Liability Com owns 1,638 shares or 0.01% of their US portfolio. Millennium Management Limited Liability stated it has 1,980 shares.

Murray Stahl increased its stake in Texas Pac Ld Tr (TPL) by 1.14% based on its latest 2017Q4 regulatory filing with the SEC. Horizon Kinetics Llc bought 20,317 shares as the company’s stock rose 14.99% while stock markets declined. The hedge fund run by Murray Stahl held 1.80 million shares of the oil & gas production company at the end of 2017Q4, valued at $804.94 million, up from 1.78M at the end of the previous reported quarter. Horizon Kinetics Llc who had been investing in Texas Pac Ld Tr for a number of months, seems to be bullish on the $5.47B market cap company. The stock increased 1.37% or $9.49 during the last trading session, reaching $699.58. About 8,059 shares traded. Texas Pacific Land Trust (NYSE:TPL) has risen 76.38% since May 18, 2017 and is uptrending. It has outperformed by 64.83% the S&P500.

Horizon Kinetics Llc, which manages about $5.39B and $3.41 billion US Long portfolio, decreased its stake in Icahn Enterprises Lp (NASDAQ:IEP) by 115,919 shares to 2.49M shares, valued at $131.81M in 2017Q4, according to the filing. It also reduced its holding in Liberty Media Corp Delaware by 124,881 shares in the quarter, leaving it with 3.10 million shares, and cut its stake in Wendys Company (NASDAQ:WEN).

More recent Texas Pacific Land Trust (NYSE:TPL) news were published by: Seekingalpha.com which released: “Horizon Kinetics Q1 Commentary April 2018” on April 22, 2018. Also Nasdaq.com published the news titled: “Investor Expectations to Drive Momentum within Banc of California, Alarm, Consolidated Edison, Summit Midstream …” on April 23, 2018. Businesswire.com‘s news article titled: “Texas Pacific Land Trust Announces First Quarter 2018 Financial Results” with publication date: April 30, 2018 was also an interesting one.

Texas Pacific Land Trust (NYSE:TPL) Institutional Positions Chart

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