Horizon Kinetics Asset Management Files Form 144 to Sell $33.3M of Texas Pacific Land Corp
Texas Pacific Land Corp
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Filing Summary
Proposed sale of 95,318 shares ($33,320,659) of Texas Pacific Land Corp by 10% Stockholder Horizon Kinetics Asset Management LLC on 2026-09-17.
Comprehensive Analysis
Form 144 Filing Overview
Filer: Horizon Kinetics Asset Management LLC
Issuer: Texas Pacific Land Corp (NYSE: TPL)
Filer Relationship: 10% Stockholder
Filing Date: September 17, 2026
Approximate Date of Sale: September 17, 2026
Proposed Transaction Details
- Security: Common Stock
- Total Shares to Be Sold: 95,318 shares across multiple broker allocations
- Aggregate Market Value: $33,320,659.00
- Implied Average Price Per Share: ~$349.57
- Brokers Utilized: ITGI Virtu, Piper Sandler & Co, Fidelity Brokerage Services
- Total Shares Outstanding: 68,974,683 shares (~0.14% of outstanding equity)
Context & Remarks
According to the remarks in the filing, Horizon Kinetics Asset Management LLC ("HKAM") serves as investment advisor to various managed accounts and funds holding issuer securities. The sales are stated to be non-discretionary, executed in response to client directions and/or regulatory limitations rather than discretionary divestment by HKAM.
Past 3 Months Selling Activity
HKAM has maintained an ongoing schedule of sales over the past three months, executing numerous small-to-mid-size daily transactions between June and September 2026.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.