HORIZON KINETICS ASSET MANAGEMENT LLC 4
4 · Texas Pacific Land Corp · Filed Mar 24, 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 (reported as a 10% owner) purchased 1 share of Texas Pacific Land Corp (TPL) on 2026-03-23 at $529.07 per share, a total outlay of $529.07. The transaction is reported as a purchase (code P) — an open-market/private purchase type — and represents a very small, incremental buy rather than a large-scale accumulation.
Key Details
- Transaction date and price: 2026-03-23, 1 share at $529.07 (total ~$529).
- Shares owned after transaction: reported beneficial ownership was 3,578,173 shares (per HKAM’s prior Schedule 13D) — after this 1-share purchase that would be 3,578,174 shares. Ownership figures reflect a 3-for-1 stock split effective 12/22/2025.
- Footnote: HKAM’s Schedule 13D (amended 12/18/2024) discloses beneficial ownership and notes Murray Stahl’s direct and indirect interests; Mr. Stahl does not exercise investment discretion for the issuer’s securities.
- Filing timeliness: Form 4 was filed 2026-03-24 for a 2026-03-23 transaction, which is within the typical two-business-day reporting window (i.e., timely).
Context This filing comes from an institutional 10% owner, not a company executive. The purchase size (1 share) is immaterial relative to HKAM’s disclosed stake and is unlikely by itself to signal a meaningful change in insider sentiment. The Schedule 13D footnote and the reported split provide context for the larger ownership picture.
Insider Transaction Report
- Purchase
Common Stock
[F1]2026-03-23$529.07/sh+1$529→ 3,467,931 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.