HORIZON KINETICS ASSET MANAGEMENT LLC 4
4 · Texas Pacific Land Corp · Filed Mar 31, 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% beneficial owner of Texas Pacific Land Corporation (TPL), made an open-market/private purchase (code P) of 1 share on March 30, 2026, at $494.25 per share (filing reports total $494). This was a purchase (a bullish-type transaction in form), though the trade size is immaterial.
Key Details
- Transaction date and price: 2026-03-30 — 1 share at $494.25 (total reported $494).
- Transaction type: Purchase (code P), open market or private purchase per the Form 4.
- Shares owned after transaction: HKAM reported 10,050,070 beneficial shares in an amended Schedule 13D filed March 26, 2026; this 1-share purchase would increase that to ~10,050,071 beneficial shares.
- Footnote: The March 26, 2026 Schedule 13D amendment (referenced in the Form 4) reports HKAM’s beneficial ownership of 10,050,070 shares 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 for HKAM’s holdings.
- Filing timeliness: Form 4 filed 2026-03-31 for a 2026-03-30 transaction (no late filing indicated).
Context
This filing involves a 10% institutional holder rather than an individual executive. While purchases can be more informative than sales, the purchase of a single share is immaterial and should not be interpreted alone as a meaningful signal; retail investors should weigh this alongside the Schedule 13D details and other insider activity.
Insider Transaction Report
- Purchase
Common Stock
[F1]2026-03-30$494.25/sh+1$494→ 3,467,936 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.