HORIZON KINETICS ASSET MANAGEMENT LLC 4
4 · Texas Pacific Land Corp · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Texas Pacific Land (TPL) 10% Owner Horizon Kinetics Buys 1 Share
What Happened
Horizon Kinetics Asset Management LLC, reported as a >10% holder of Texas Pacific Land Corp (TPL), made an open-market/private purchase of 1 share on March 19, 2026 at $527.28 per share (total ≈ $527). This was a purchase (transaction code P), not a sale.
Key Details
- Transaction date and price: 2026-03-19, 1 share at $527.28 (open-market/private purchase, code P).
- Total value: approximately $527.28.
- Shares owned after transaction: reported beneficial ownership was 3,578,173 shares per the Schedule 13D amendment; after this 1-share purchase the total is 3,578,174 shares (reflects a 3-for-1 split effective Dec 22, 2025 as noted in filing).
- Notable footnote: A Dec 18, 2024 Schedule 13D amendment (adjusted for the 2025 split) reported HKAM’s beneficial ownership and disclosed Murray Stahl’s direct and indirect interests; the filing states Mr. Stahl does not exercise investment discretion.
- Timeliness: The Form 4 was filed on 2026-03-20 for a 2026-03-19 transaction (filed promptly).
Context
This was an institutional 10% owner making a single-share purchase; the size is de minimis and generally not a strong signal of changed sentiment by itself. The filing and footnote clarify this is an institutional holder (HKAM) and note related disclosures about beneficial ownership and a prior Schedule 13D; no options, gifts, or tax-withholding events were involved.
Insider Transaction Report
- Purchase
Common Stock
[F1]2026-03-19$527.28/sh+1$527→ 3,467,929 total
Footnotes (1)
- [F1]On December 18, 2024, Horizon Kinetics Asset Management LLC (HKAM) filed an amendment to its Schedule 13D, in which it noted beneficial ownership of 3,578,173 shares and Murray Stahl's direct interest in 7,848 shares and his indirect interest in approximately 156,083 shares. The extent of HKAM's pecuniary interest in the shares beneficially owned is disclosed herein and reflects a three-for-one stock split effective December 22, 2025. Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer.