HORIZON KINETICS ASSET MANAGEMENT LLC 4
4 · Texas Pacific Land Corp · Filed Jul 13, 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 (TPL), acquired 1 share on July 10, 2026 in an open-market purchase at $385.84 per share (total ≈ $386). This transaction is a purchase (code P), which is generally more informative than routine sales, though this single-share buy is immaterial in size.
Key Details
- Transaction date and price: 2026-07-10, open-market purchase at $385.84 per share (1 share, ≈ $386).
- Shares owned after transaction: HKAM reported 10,109,933 shares in a Schedule 13D amendment filed May 7, 2026; this purchase effectively increases that count by 1 to ~10,109,934. (See footnote F1.)
- Filing: Form 4 filed July 13, 2026 (timely filing).
- Footnote: F1 references a May 7, 2026 Schedule 13D amendment reporting the 10% ownership; the Form 4 discloses the pecuniary interest details.
Context
- This was an institutional purchase by a 10% holder (not an executive). Institutional trades can reflect portfolio adjustments or administrative activity; a single-share buy is likely not a material signal of conviction.
- No options, grants, gifts, or tax-withholding items were involved — just a straightforward open-market purchase.
Insider Transaction Report
Form 4
Transactions
- Purchase
Common Stock
[F1]2026-07-10$385.84/sh+1$386→ 3,263,673 total
Footnotes (1)
- [F1]On May 7, 2026, Horizon Kinetics Asset Management LLC ("HKAM") filed an amendment to its Schedule 13D wherein it reported beneficial ownership of 10,109,933 shares. The extent of HKAM's pecuniary interest in the shares reported in the Schedule 13D are disclosed herein.
Signature
/s/ Jay Kesslen, attorney-in-fact|2026-07-13