Texas Pacific Land Corp (TPL) major holder Horizon Kinetics reports open-market share buy
Rhea-AI Filing Summary
Horizon Kinetics Asset Management LLC, a more-than-10% owner of Texas Pacific Land Corp, reported purchasing 1 share of common stock at $345.10 on August 10, 2026. Following this transaction, it reported 3,244,006 shares held directly, with a footnote referencing prior Schedule 13D beneficial ownership of 10,109,933 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1 shares
Net Buy
1 txn
Insider
HORIZON KINETICS ASSET MANAGEMENT LLC
Role
10% Owner
Bought
1 shs ($345.10)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 1 | $345.10 | $345.10 |
Holdings After Transaction:
Common Stock — 3,244,006 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 is disclosed herein.
Key Figures
Shares purchased: 1 share
Purchase price: $345.10 per share
Direct holdings after transaction: 3,244,006 shares
+1 more
4 metrics
Shares purchased
1 share
Common stock purchased on August 10, 2026
Purchase price
$345.10 per share
Price for the 1 share of common stock acquired
Direct holdings after transaction
3,244,006 shares
Shares of Texas Pacific Land Corp common stock held directly after the trade
Beneficial ownership
10,109,933 shares
Reported in Horizon Kinetics’ amended Schedule 13D on May 7, 2026
Key Terms
Schedule 13D, beneficial ownership, pecuniary interest, Form 4
4 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 10,109,933 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.
pecuniary interest financial
"The extent of HKAM's pecuniary interest in the shares reported"
Form 4 regulatory
"INSIDER FILING DATA (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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Texas Pacific Land Corp (TPL) report?
Texas Pacific Land Corp reported that Horizon Kinetics Asset Management LLC purchased 1 share of its common stock on August 10, 2026 at a price of $345.10 per share, according to a Form 4 filing.
Was the Texas Pacific Land Corp (TPL) insider trade under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not marked as affirmative. There is no footnote stating that the August 10, 2026 purchase was made pursuant to a Rule 10b5-1 trading plan.