Texas Pacific Land (TPL) 10% Owner Horizon Kinetics Buys 4 Shares

What Happened Horizon Kinetics Asset Management LLC, reported as a 10% owner of Texas Pacific Land Corp (TPL), made an open-market purchase of 4 TPL shares on September 29, 2026 at $340.96 per share, for a total cost of $1,364. This was a purchase (a net acquisition), a small-sized transaction relative to its overall reported stake.

Key Details

• Transaction date and price: 2026-09-29 — Purchase (P) of 4 shares at $340.96 each.
• Total value: $1,364.
• Shares owned: HKAM reported beneficial ownership of 10,109,933 shares on its Schedule 13D filed May 7, 2026; this purchase adds 4 shares (to 10,109,937 based on that prior report).
• Footnotes of note:
  • F1: The May 7, 2026 Schedule 13D amendment reported HKAM’s beneficial ownership of 10,109,933 shares; the filing here discloses the extent of HKAM’s pecuniary interest.
  • F2: A separate change noted a reduction of 26,657 shares delivered without consideration as part of a client in‑kind redemption (movement related to client accounts, not this small open-market buy).
• Filing timeliness: Transaction occurred 2026-09-29; Form 4 was filed 2026-10-01 (within typical two-business-day window), so not marked late.

Context This filing is from an institutional 10% owner, not an individual executive. Small open‑market purchases like this can reflect portfolio adjustments or allocations on behalf of clients rather than a direct executive signal about company prospects. The footnoted in‑kind redemption indicates some client-level share movements unrelated to the tiny purchase reported here.