Horizon Kinetics buys TPL shares in small trade
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 on June 11, 2026 at $370.47 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 10% owner of Texas Pacific Land Corp, reported a small open-market purchase of 1 share of common stock on June 11, 2026 at $370.47 per share. Following this trade, its directly reported holdings in this Form 4 total 3,393,551 shares. A footnote notes that an amended Schedule 13D filed on May 7, 2026 reported beneficial ownership of 10,109,933 shares, with the extent of pecuniary interest described there.
Insider Trade Summary
Net Buyer: 1 shares
Net Buy
1 txn
Insider
HORIZON KINETICS ASSET MANAGEMENT LLC
Role
10% Owner
Bought
1 shs ($370.47)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1 | $370.47 | $370.47 |
Holdings After Transaction:
Common Stock — 3,393,551 shares (Direct)
Footnotes (1)
- F1. On May 7, 2026, Horizon Kinetics Asset Management LLC ("HKAM") filed an amendment to its Schedule 13D wherein it reported beneficial ownership of 10,109,933 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: $370.47 per share
Direct holdings after trade: 3,393,551 shares
+1 more
4 metrics
Shares purchased
1 share
Open-market purchase on June 11, 2026
Purchase price
$370.47 per share
Price for the 1 share bought
Direct holdings after trade
3,393,551 shares
Common stock held following transaction
Beneficial ownership (Schedule 13D)
10,109,933 shares
Reported in amended Schedule 13D on May 7, 2026
Key Terms
Form 4, Schedule 13D, beneficial ownership, pecuniary interest, +1 more
5 terms
Form 4 regulatory
"After the reported trade, Horizon Kinetics Asset Management LLC directly holds 3,393,551 shares of Texas Pacific Land Corp common stock in this Form 4."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Schedule 13D regulatory
"A footnote states that on May 7, 2026 Horizon Kinetics Asset Management LLC filed an amended Schedule 13D reporting 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 Texas Pacific Land Corp shares in the amended Schedule 13D."
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 filing notes that the extent of Horizon Kinetics’ pecuniary interest in those shares is described within that Schedule 13D."
open-market purchase financial
"The filing identifies this as an open-market purchase, meaning the trade was executed at prevailing market prices."
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 Texas Pacific Land Corp (TPL)?
Horizon Kinetics Asset Management LLC reported buying 1 share of Texas Pacific Land Corp common stock in an open-market transaction. The purchase occurred on June 11, 2026 at a price of $370.47 per share, reflecting a very small incremental increase in its position.
What does Horizon Kinetics’ Schedule 13D say about its Texas Pacific Land Corp (TPL) ownership?
A footnote states that on May 7, 2026 Horizon Kinetics Asset Management LLC filed an amended Schedule 13D reporting beneficial ownership of 10,109,933 Texas Pacific Land Corp shares. The filing notes that the extent of Horizon Kinetics’ pecuniary interest in those shares is described within that Schedule 13D.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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