Horizon Kinetics buys TPL share in open trade
Texas Pacific Land Corp disclosed that Horizon Kinetics Asset Management LLC, a more than 10% owner, made an open-market purchase of 1 share of Common Stock on July 6, 2026 at $408.89 per share.
Rhea-AI Filing Summary
Texas Pacific Land Corp disclosed that Horizon Kinetics Asset Management LLC, a more than 10% owner, made an open-market purchase of 1 share of Common Stock on July 6, 2026 at $408.89 per share. Following this small incremental buy, Horizon Kinetics directly holds 3,263,669 shares of Texas Pacific Land common stock. A footnote notes that on May 7, 2026, Horizon Kinetics reported beneficial ownership of 10,109,933 shares on an amended Schedule 13D, with its pecuniary interest in those shares further described in that filing.
Positive
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Negative
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Insider Trade Summary
Net Buyer: 1 shares
Net Buy
1 txn
Insider
HORIZON KINETICS ASSET MANAGEMENT LLC
Role
10% Owner
Bought
1 shs ($408.89)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1 | $408.89 | $408.89 |
Holdings After Transaction:
Common Stock — 3,263,669 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: $408.89 per share
Direct holdings after trade: 3,263,669 shares
+1 more
4 metrics
Shares purchased
1 share
Open-market buy on July 6, 2026
Purchase price
$408.89 per share
Price for the 1 share of Common Stock
Direct holdings after trade
3,263,669 shares
Total Texas Pacific Land common shares directly held post-transaction
Beneficial ownership reported
10,109,933 shares
Shares beneficially owned per amended Schedule 13D filed May 7, 2026
Key Terms
Form 4, Schedule 13D, beneficial ownership, pecuniary interest, +1 more
5 terms
Form 4 regulatory
"Please analyze the following financial content according to the instructions above. 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.
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"
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
What did Horizon Kinetics report in this Form 4 for Texas Pacific Land (TPL)?
The Form 4 reports that Horizon Kinetics Asset Management LLC bought 1 share of Texas Pacific Land common stock. The open-market purchase occurred on July 6, 2026 at a price of $408.89 per share, slightly increasing its direct holdings.
Is Horizon Kinetics considered a major owner of Texas Pacific Land (TPL)?
Yes. The filing identifies Horizon Kinetics Asset Management LLC as a more than 10% owner of Texas Pacific Land. In addition, a referenced Schedule 13D amendment reported beneficial ownership of 10,109,933 shares, underscoring its status as a significant shareholder.
What does the footnote about the Schedule 13D say regarding Texas Pacific Land (TPL)?
The footnote states that on May 7, 2026, Horizon Kinetics Asset Management LLC filed an amendment to its Schedule 13D reporting beneficial ownership of 10,109,933 shares. It notes that the extent of its pecuniary interest in those shares is disclosed in that Schedule 13D.
Was this Texas Pacific Land (TPL) Form 4 a buy or a sell by Horizon Kinetics?
The Form 4 reports a buy transaction. Horizon Kinetics Asset Management LLC executed an open-market purchase of 1 share of Texas Pacific Land common stock at $408.89, increasing its directly held position to 3,263,669 shares after the transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
