Texas Pacific Land (TPL) 10% Owner Horizon Kinetics Buys Stock

What Happened

• Horizon Kinetics Asset Management LLC (reported as a 10% beneficial owner) purchased 1 share of Texas Pacific Land Corp (TPL) in an open-market transaction on September 14, 2026. The reported price was $371.73 per share, for a total value of roughly $372. This transaction is coded P (purchase).

Key Details

• Transaction date and price: 2026-09-14, 1 share at $371.73.
• Total value: ~$372.
• Shares owned after transaction: reported beneficial ownership per prior Schedule 13D was 10,109,933 shares (per footnote); after this purchase the beneficial total would be 10,109,934 shares.
• Footnote: F1 notes Horizon Kinetics filed an amendment to its Schedule 13D on May 7, 2026 reporting ownership of 10,109,933 shares and discloses the extent of its pecuniary interest.
• Filing timing: Form 4 was filed on 2026-09-15 reporting the 2026-09-14 purchase; no late-filing flag is indicated in this report.

Context

• This is an institutional purchase by a reported 10% owner, not an officer/director trade. A single-share open-market buy of this size is likely administrative/rounding in nature and is not a material change to Horizon Kinetics’ large reported stake. Purchases can be interpreted as positive, but larger or repeated buys are generally more informative for retail investors.