Bets on Texas Pacific

Best US equities funds in the third quarter were driven by wagers on Texas Pacific and St. Joe.

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While rising Treasury yields hurt the overall stock market, large stakes in a few equities helped a select few U.S. value and small-cap funds soar higher in the third quarter. Funds invested in Texas Pacific Land, which benefited from the more than 30% increase in the price of American West Texas Intermediate crude (WTI) since … Read more

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