HORIZON KINETICS ASSET MANAGEMENT LLC 4
4 · Texas Pacific Land Corp · Filed Apr 2, 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% beneficial owner of Texas Pacific Land Corporation (TPL), purchased 1 share of TPL on April 1, 2026, at $454.04 per share (total ~$454). This transaction was a purchase (a small, likely routine buy) reported on a Form 4 filed April 2, 2026.
Key Details
- Transaction date and price: 2026-04-01; open-market/private purchase (Code P) of 1 share at $454.04.
- Transaction value: approximately $454.
- Beneficial ownership context: HKAM reported holding 10,050,070 shares in an amended Schedule 13D filed March 26, 2026 (per footnote F1); this purchase would increase that total by 1 share.
- Additional note (F2): the filing also notes a reduction of 6,595 shares delivered without consideration as part of a client in‑kind redemption.
- Related party note (F1): the Schedule 13D disclosure includes holdings attributable to Murray Stahl (a TPL director) but states Mr. Stahl does not exercise investment discretion over HKAM’s holdings.
- Filing timeliness: Form 4 was filed the business day after the transaction (filed 2026-04-02 for 2026-04-01), which is within normal reporting deadlines.
Context
This is an institutional purchase by a 10% owner, not an executive or director trading on personal discretion. A 1-share buy is immaterial in dollar and percentage terms and typically carries limited informational weight for investors. The Schedule 13D notes and the in-kind redemption detail provide additional background on HKAM’s broader position and client activity.
Insider Transaction Report
- Purchase
Common Stock
[F1][F2]2026-04-01$454.04/sh+1$454→ 3,461,343 total
Footnotes (2)
- [F1]On March 26, 2026, Horizon Kinetics Asset Management LLC ("HKAM") filed an amendment to its Schedule 13D wherein it reported beneficial ownership of 10,050,070 shares, including Murray Stahl's direct ownership of approximately 24,728 shares and his indirect ownership of approximately 277,326 shares. The extent of HKAM's pecuniary interest in the shares reported in the Schedule 13D are disclosed herein. Mr. Stahl, who serves as a director of the Issuer, does not exercise investment discretion with respect to the securities of the Issuer.
- [F2]The change represents a reduction of 6,595 shares delivered without consideration as part of a client in-kind redemption.