HORIZON KINETICS ASSET MANAGEMENT LLC 4
4 · Texas Pacific Land Corp · Filed Mar 3, 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 10% owner of Texas Pacific Land Corp, ticker TPL) purchased 1 share in an open-market transaction on March 2, 2026 at $524.01 per share (total ≈ $524). This filing (Form 4) reports a purchase (code P), which is a straightforward buy rather than a sale or derivative transaction.
Key Details
- Transaction date: 2026-03-02; Price: $524.01; Shares bought: 1; Total value ≈ $524.01.
- Filing date: 2026-03-03 (period of report 2026-03-02) — appears timely.
- Prior disclosure (Schedule 13D, amended Dec 18, 2024) showed HKAM beneficially owned 3,578,173 shares; after this 1-share purchase that would be ~3,578,174 shares (per F1, holdings reflect a 3-for-1 split effective Dec 22, 2025).
- Footnote F1 clarifies the Schedule 13D holdings and notes Murray Stahl’s reported direct and indirect interests; F2 notes a separate reduction of 10,277 shares delivered without consideration as part of a client in‑kind redemption.
- Transaction code: P = Purchase (open market/private purchase).
Context
Horizon Kinetics is an institutional 10% owner, not an executive — institutional buys can reflect portfolio adjustments rather than individual insider conviction. A single-share purchase of this size is immaterial on its own but is still reported because of the filer’s status. There’s no indication this was an option exercise, gift, or tax-withholding event, and the filing shows no lateness flag.
Insider Transaction Report
- Purchase
Common Stock
[F1][F2]2026-03-02$524.01/sh+1$524→ 3,469,106 total
Footnotes (2)
- [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.
- [F2]The change represents a reduction of 10,277 shares delivered without consideration as part of a client in-kind redemption.