HORIZON KINETICS ASSET MANAGEMENT LLC 4
4 · Texas Pacific Land Corp · Filed Feb 23, 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, ticker TPL) purchased 1 share of TPL in an open-market/private transaction on February 20, 2026. The reported price was $504.28 per share, with the filing reporting a transaction value of $504. This was a purchase (not a sale).
Key Details
- Transaction date: 2026-02-20; reported on Form 4 filed 2026-02-23.
- Price and size: 1 share at $504.28 (reported value $504).
- Shares owned after transaction: reported beneficial ownership increases from 3,578,173 to 3,578,174 shares.
- Footnote: HKAM previously reported beneficial ownership of 3,578,173 shares (Schedule 13D amendment dated Dec 18, 2024); that figure reflects a 3-for-1 split effective Dec 22, 2025. The footnote also notes Murray Stahl’s direct and indirect interests and that he does not exercise investment discretion.
- Timeliness: Filed within the required period (Form 4 filed 2026-02-23 for a 2026-02-20 transaction).
Context
This is an institutional (10% owner) purchase of a single share—financially de minimis relative to the firm’s reported stake. Purchases by large holders can be notable, but a one-share buy is likely administrative or immaterial to the holder’s overall position; the filing is factual and does not indicate motivation.
Insider Transaction Report
- Purchase
Common Stock
[F1]2026-02-20$504.28/sh+1$504→ 3,479,377 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.