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Were Hedge Funds Right About Texas Pacific Land Trust (TPL)?


Were Hedge Funds Right About Texas Pacific Land Trust (TPL)?
With the first-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the second quarter of 2021. One of these stocks was Texas Pacific Land Trust (NYSE:TPL).
Is
Texas Pacific Land Trust (NYSE:TPL) going to take off soon? Prominent investors were turning bullish. The number of bullish hedge fund positions advanced by 6 in recent months. Texas Pacific Land Trust (NYSE:TPL) was in 17 hedge funds’ portfolios at the end of March. The all time high for this statistic is 17. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. Our calculations also showed that TPL isn’t among the 30 most popular stocks among hedge funds (click for Q1 rankings). ....

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