Horizon Kinetics Asset Management LLC, a more-than-10% owner of Texas Pacific Land Corp (NYSE: TPL), reported an open-market purchase of one common share at $343.02 on August 11, 2026, according to a Form 4 filing with the SEC. The transaction lifted the firm's directly held position to 3,244,009 shares.
The filing also references a Schedule 13D amendment dated May 7, 2026, in which Horizon Kinetics disclosed beneficial ownership of 10,109,933 shares. The extent of its pecuniary interest in those shares is described in that earlier filing.
This latest purchase continues a pattern of single-share acquisitions by Horizon Kinetics over the summer. On August 6, the firm bought one share at $355.62, bringing direct holdings to 3,244,004 shares. Three days earlier, on August 3, it purchased one share at $392.66, taking the direct count to 3,244,001 shares. That August 3 filing noted a reduction of 19,688 shares delivered without consideration as part of a client in-kind redemption. In late July, Horizon Kinetics acquired one share at $409.31, when direct holdings stood at 3,263,684 shares.
Texas Pacific Land owns approximately 880,000 surface acres and 450,000 perpetual non-participating royalty interests in West Texas, primarily in the Delaware and Midland basins of the Permian. Revenue is derived from oil and gas royalties, land easements, and water services. The company completed its reorganization from a land trust to a C corporation in January 2020.