HORIZON KINETICS ASSET MANAGEMENT LLC 4
4 · Texas Pacific Land Corp · Filed Mar 25, 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, a reported 10% owner of Texas Pacific Land Corporation (TPL), made an open-market purchase of 1 share on March 24, 2026 at $534.94 per share (total ≈ $534.94). This was a purchase rather than a sale.
Key Details
- Transaction date and price: 2026-03-24, open-market purchase at $534.94 per share.
- Shares acquired: 1 share (total value ≈ $535).
- Shares owned after transaction: beneficial ownership reported as 3,578,174 shares (reflects prior reported 3,578,173 shares plus this 1-share purchase; ownership figures reflect a 3-for-1 stock split effective Dec 22, 2025 per footnote).
- Filing timeliness: Form 4 filed 2026-03-25 (one day after the trade), indicating a timely filing.
- Notable footnote: A Dec 18, 2024 Schedule 13D amendment reported HKAM’s beneficial ownership and noted Murray Stahl’s direct/indirect interests; the footnote states Mr. Stahl does not exercise investment discretion over the issuer’s securities.
Context
- This was an institutional purchase by a 10% owner, not a company executive. The acquired amount (1 share, ~$535) is negligible relative to HKAM’s multi-million-share position, so the trade should be viewed as routine rather than a material change in holdings.
Insider Transaction Report
Form 4
Transactions
- Purchase
Common Stock
[F1]2026-03-24$534.94/sh+1$535→ 3,467,932 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.
Signature
/s/ Jay Kesslen, attorney-in-fact|2026-03-25