HORIZON KINETICS ASSET MANAGEMENT LLC 4
4 · Texas Pacific Land Corp · Filed Apr 6, 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 Corp (TPL), purchased 1 share in an open-market/private purchase on April 2, 2026. The share was bought at $443.26, a total outlay of about $443.26. As a purchase, this is a buy (rather than a sale), though the size is immaterial relative to the holder’s total stake.
Key Details
- Transaction date and price: 2026-04-02, 1 share at $443.26 (purchase, code P).
- Shares owned after transaction: Schedule 13D (amended March 26, 2026) reports beneficial ownership of 10,050,070 shares; after this 1-share purchase the total would be 10,050,071 shares.
- Footnote: The March 26, 2026 Schedule 13D shows Horizon Kinetics’ reported position and discloses Murray Stahl’s direct (≈24,728) and indirect (≈277,326) holdings; Mr. Stahl is a TPL director but “does not exercise investment discretion” over Horizon Kinetics’ securities.
- Filing: Form filed April 6, 2026, reporting the April 2 transaction (the filing lists an open-market/private purchase).
Context
This was an institutional purchase by a large 10% holder and not a typical insider executive trade. The single-share size is negligible compared with Horizon Kinetics’ ~10M-share position and likely reflects a routine small open-market buy rather than a meaningful change in ownership or signal about company prospects.
Insider Transaction Report
- Purchase
Common Stock
[F1]2026-04-02$443.26/sh+1$443→ 3,461,344 total
Footnotes (1)
- [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.