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

What Happened
Horizon Kinetics Asset Management LLC (reported 10% owner of Texas Pacific Land Corp., ticker TPL) purchased 1 share of TPL in an open-market/private purchase on 2026-09-28 at $340.12 per share, a total value of ~$340. This is a small purchase by an institutional 10% holder and represents a purchase (a generally bullish signal, though size is negligible relative to the position).

Key Details

• Transaction date: 2026-09-28; filing date: 2026-09-29 (timely filing).
• Transaction type/code: Purchase (P); 1 share acquired at $340.12 per share; total reported value ~$340.
• Shares owned after transaction: Previously reported beneficial ownership of 10,109,933 shares (Schedule 13D filed May 7, 2026); adding this 1-share purchase brings the total to 10,109,934 shares.
• Footnote: F1 references HKAM's May 7, 2026 Schedule 13D reporting beneficial ownership (10,109,933 shares); the filing discloses the extent of HKAM’s pecuniary interest.
• No indication of a 10b5-1 plan, option exercise, gift, or tax-withholding event in this filing.

Context
This purchase was made by a large institutional investor (10% owner) rather than an individual executive. Given the tiny size of this trade relative to Horizon Kinetics’ reported stake, it is unlikely to meaningfully change ownership or signal a material shift in stance—still, purchases by sizable holders can be of interest to retail investors tracking insider/institutional activity.