Horizon Kinetics buys 1 Texas Pacific Land share
Horizon Kinetics Asset Management LLC, a more-than-10% holder of Texas Pacific Land Corp, reported an open-market purchase of 1 share of common stock at $414.88 on April 13, 2026.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Horizon Kinetics Asset Management LLC, a more-than-10% holder of Texas Pacific Land Corp, reported an open-market purchase of 1 share of common stock at $414.88 on April 13, 2026. Following this transaction, it directly holds 3,435,495 shares of common stock.
A related amendment to its Schedule 13D reported beneficial ownership of 9,974,556 shares, with the extent of its pecuniary interest in those shares described in the Schedule 13D disclosure.
Insider Trade Summary
Net Buyer: 1 shares
Net Buy
1 txn
Insider
HORIZON KINETICS ASSET MANAGEMENT LLC
Role
10% Owner
Bought
1 shs ($414.88)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1 | $414.88 | $414.88 |
Holdings After Transaction:
Common Stock — 3,435,495 shares (Direct)
Footnotes (1)
- F1. On April 13, 2026, Horizon Kinetics Asset Management LLC ("HKAM") filed an amendment to its Schedule 13D wherein it reported beneficial ownership of 9,974,556 shares. The extent of HKAM's pecuniary interest in the shares reported in the Schedule 13D are disclosed herein.
Key Figures
Shares purchased: 1 share
Purchase price: $414.88 per share
Direct holdings after trade: 3,435,495 shares
+2 more
5 metrics
Shares purchased
1 share
Open-market purchase on April 13, 2026
Purchase price
$414.88 per share
Price for the 1 share of common stock bought
Direct holdings after trade
3,435,495 shares
Total Texas Pacific Land common shares held directly after transaction
Beneficial ownership
9,974,556 shares
Shares reported as beneficially owned in amended Schedule 13D
Net share change
1 share net buy
Form 4 transactionSummary netBuySellShares
Key Terms
Schedule 13D, beneficial ownership, pecuniary interest, open-market purchase, +1 more
5 terms
Schedule 13D regulatory
"filed an amendment to its Schedule 13D wherein it reported beneficial ownership"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
beneficial ownership financial
"reported beneficial ownership of 9,974,556 shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"The extent of HKAM's pecuniary interest in the shares reported"
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
ten percent owner regulatory
"is_ten_percent_owner": 1"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Horizon Kinetics report for Texas Pacific Land (TPL)?
Horizon Kinetics Asset Management LLC reported buying 1 share of Texas Pacific Land common stock in an open-market transaction. The purchase occurred on April 13, 2026 at a price of $414.88 per share, according to the Form 4 filing and accompanying footnote.
What does Horizon Kinetics’ amended Schedule 13D say about its TPL stake?
The amended Schedule 13D reports Horizon Kinetics Asset Management LLC’s beneficial ownership of 9,974,556 Texas Pacific Land shares. The filing notes that the extent of HKAM’s pecuniary interest in those Schedule 13D shares is described in the Schedule 13D, providing detail on its economic exposure.
Is the latest Horizon Kinetics trade in TPL a buy or sell transaction?
The latest reported transaction is a buy. Horizon Kinetics Asset Management LLC executed an open-market purchase of 1 share of Texas Pacific Land common stock at $414.88, increasing its direct holdings slightly while maintaining an already large beneficial position reported on Schedule 13D.
How large is Horizon Kinetics’ beneficial ownership in Texas Pacific Land (TPL)?
Horizon Kinetics Asset Management LLC’s amended Schedule 13D reports beneficial ownership of 9,974,556 Texas Pacific Land shares. This figure includes shares over which HKAM has a pecuniary interest, with specific details about that interest disclosed within the Schedule 13D amendment referenced in the Form 4 footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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