Horizon Kinetics (NYSE: TPL) marginally adds to Texas Pacific stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Horizon Kinetics Asset Management LLC, a more than 10% owner of Texas Pacific Land Corp, reported a small open-market purchase of 1 share of common stock at $397.47 per share. After this trade, its directly held position recorded in this filing is 3,263,671 shares. A recent Schedule 13D amendment reported 10,109,933 shares as beneficially owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1 shares ($397)
Net Buy
1 txn
Insider
HORIZON KINETICS ASSET MANAGEMENT LLC
Role
null
Bought
1 shs ($397.47)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1 | $397.47 | $397.47 |
Holdings After Transaction:
Common Stock — 3,263,671 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares purchased: 1 share
Purchase price: $397.47 per share
Direct holdings after trade: 3,263,671 shares
+1 more
4 metrics
Shares purchased
1 share
Open-market purchase of Texas Pacific Land common stock
Purchase price
$397.47 per share
Price paid for the 1 share bought on July 8, 2026
Direct holdings after trade
3,263,671 shares
Texas Pacific Land common stock directly held after the transaction
Beneficial ownership
10,109,933 shares
Shares reported as beneficially owned in Schedule 13D amendment on May 7, 2026
Key Terms
open-market purchase, Schedule 13D, beneficial ownership, more than 10% owner
4 terms
open-market purchase financial
"reported a small open-market purchase of 1 share of common stock"
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.
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
"it reported beneficial ownership of 10,109,933 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.
more than 10% owner regulatory
"Horizon Kinetics Asset Management LLC, a more than 10% owner of Texas Pacific Land Corp"
FAQ
What did Horizon Kinetics do in this Texas Pacific Land (TPL) Form 4?
Horizon Kinetics Asset Management LLC reported buying 1 share of Texas Pacific Land common stock in an open-market transaction at $397.47 per share, slightly increasing its directly held position disclosed in this insider filing.
What is the difference between direct holdings and beneficial ownership for TPL?
Direct holdings in the Form 4 show 3,263,671 Texas Pacific Land shares owned by Horizon Kinetics. The Schedule 13D amendment separately reports 10,109,933 shares as beneficially owned, which can include additional shares held through other accounts or entities.