Texas Pacific Land (TPL) 10% Owner Horizon Kinetics Buys 1 Share

What Happened Horizon Kinetics Asset Management LLC, reported as a 10% owner of Texas Pacific Land Corp (TPL), made a purchase of 1 share on 2026-09-23. The transaction was an open-market/private purchase at $352.95 per share (total ≈ $353). This is a purchase (rather than a sale), but the size is de minimis and unlikely to signal a material change in sentiment.

Key Details

• Transaction date and type: 2026-09-23 — open market/private purchase (code P).
• Price and amount: 1 share at $352.95; total value ≈ $353.
• Shares owned (prior disclosure): HKAM reported beneficial ownership of 10,109,933 shares in a Schedule 13D filed May 7, 2026; this 1-share purchase would raise that count by one share. (See footnote F1.)
• Filing: Form 4 filed 2026-09-24 (next day); no late-filing flag indicated in the submitted data.
• Footnote: F1 references the May 7, 2026 Schedule 13D and clarifies the extent of HKAM’s pecuniary interest.

Context Horizon Kinetics is an institutional 10% holder, not a company executive. Institutional purchases can be informative, but a single-share buy is negligible in economic and signaling terms. The Schedule 13D filing earlier in May indicates HKAM is a significant holder; this Form 4 simply reports a one-share acquisition tied to that reported interest.