Texas Pacific Land Corp ($TPL) 10% Owner Reports Minor Stock Purchase

On August 28, 2026, Horizon Kinetics Asset Management LLC, a 10% owner of Texas Pacific Land Corp (TPL), reported the purchase of a single share of common stock at $364.42. This transaction increased their directly held shares to 3,244,020. Given the minuscule size of the purchase, the transaction holds no economic significance and is likely administrative or technical in nature. A footnote in the filing references a much larger beneficial ownership position of over 10 million shares reported on a Schedule 13D, underscoring that this specific Form 4 filing represents only a small fraction of the assets managed by the firm.