Horizon Kinetics Asset Management Purchases 1 Share of Texas Pacific Land Corp

Executive Summary

On September 1, 2026, Horizon Kinetics Asset Management LLC, a 10% beneficial owner of Texas Pacific Land Corp ($TPL), filed a Form 4 disclosing an open-market purchase of 1 share of Common Stock on August 31, 2026, at a price of $369.47 per share.

Transaction Details

• Security: Common Stock
• Transaction Type: Open Market Purchase (Code P)
• Shares Transacted: 1 share
• Price Per Share: $369.47
• Total Transaction Value: $369.47
• Ownership Nature: Direct
• Shares Held Following Transaction: 3,244,021 shares

Key Takeaways

• Materiality: The transaction volume and dollar amount ($369.47) are minimal and carry low trading significance on their own.
• Holdings Context: Horizon Kinetics remains one of the largest institutional/10% beneficial owners of TPL, with direct holdings reported at 3,244,021 shares and Schedule 13D aggregate beneficial ownership previously reported at over 10 million shares.