Horizon Kinetics adds to Texas Pacific Land stake
Horizon Kinetics Asset Management LLC, a more than ten percent owner of Texas Pacific Land Corp, reported an open-market purchase of 1 share of common stock at $454.04 per share.
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 ten percent owner of Texas Pacific Land Corp, reported an open-market purchase of 1 share of common stock at $454.04 per share. Following this small addition, it directly holds 3,461,343 shares of Texas Pacific Land common stock.
Insider Trade Summary
Net Buyer: 1 shares
Net Buy
1 txn
Insider
HORIZON KINETICS ASSET MANAGEMENT LLC
Role
10% Owner
Bought
1 shs ($454.04)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1 | $454.04 | $454.04 |
Holdings After Transaction:
Common Stock — 3,461,343 shares (Direct)
Footnotes (2)
- F1. On March 26, 2026, Horizon Kinetics Asset Management LLC ("HKAM") filed an amendment to its Schedule 13D wherein it reported beneficial ownership of 10,050,070 shares, including Murray Stahl's direct ownership of approximately 24,728 shares and his indirect ownership of approximately 277,326 shares. The extent of HKAM's pecuniary interest in the shares reported in the Schedule 13D are disclosed herein. Mr. Stahl, who serves as a director of the Issuer, does not exercise investment discretion with respect to the securities of the Issuer.
- F2. The change represents a reduction of 6,595 shares delivered without consideration as part of a client in-kind redemption.
Key Figures
Shares purchased: 1 share
Purchase price: $454.04 per share
Direct holdings after trade: 3,461,343 shares
+4 more
7 metrics
Shares purchased
1 share
Open-market purchase of Texas Pacific Land common stock
Purchase price
$454.04 per share
Price paid for the 1 share of common stock
Direct holdings after trade
3,461,343 shares
Texas Pacific Land common stock directly held post-transaction
Beneficial ownership reported
10,050,070 shares
Shares reported in amended Schedule 13D
Murray Stahl direct ownership
approximately 24,728 shares
Included within the 10,050,070 beneficially owned shares
Murray Stahl indirect ownership
approximately 277,326 shares
Included within the 10,050,070 beneficially owned shares
In-kind redemption reduction
6,595 shares
Shares delivered without consideration in client in-kind redemption
Key Terms
Schedule 13D, beneficial ownership, pecuniary interest, in-kind redemption, +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
"wherein it reported beneficial ownership of 10,050,070 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"
in-kind redemption financial
"delivered without consideration as part of a client in-kind redemption"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Horizon Kinetics report for TPL?
Horizon Kinetics Asset Management LLC reported buying 1 share of Texas Pacific Land common stock in an open-market transaction at $454.04 per share. This is a very small change relative to its existing multi-million-share position.
Was the TPL insider transaction a buy or a sell?
The Form 4 shows a buy. Horizon Kinetics Asset Management LLC executed an open-market purchase of 1 share of Texas Pacific Land common stock at $454.04, increasing its direct holdings and resulting in a net-buy share change in the transaction summary.
How much Texas Pacific Land stock does Horizon Kinetics report beneficially owning?
A related disclosure notes Horizon Kinetics Asset Management LLC reported beneficial ownership of 10,050,070 Texas Pacific Land shares on an amended Schedule 13D. This includes Murray Stahl’s direct ownership of about 24,728 shares and indirect ownership of about 277,326 shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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