Horizon Kinetics Asset Management LLC filed a statement of changes in beneficial ownership with the SEC on August 4, 2026, reporting a purchase of 1 share of Texas Pacific Land Corp (NYSE: TPL) common stock on August 3, 2026, alongside a separate reduction of 19,688 shares delivered as part of a client in-kind redemption.

Key Highlights

  • Purchase transaction: Horizon Kinetics Asset Management LLC acquired 1 share of Texas Pacific Land Corp common stock on August 3, 2026, at a price of $392.66.
  • In-kind redemption: According to the filing, 19,688 shares were delivered without consideration as part of a client in-kind redemption, reducing the reported position.
  • Resulting ownership: Following the reported transactions, Horizon Kinetics Asset Management LLC beneficially owned 3,244,001 shares of common stock directly.
  • Prior 13D disclosure: The filing notes that on May 7, 2026, Horizon Kinetics Asset Management LLC filed an amendment reporting beneficial ownership of 10,109,933 shares, with the current filing disclosing the extent of its pecuniary interest in those shares.
  • Reporting person role: Horizon Kinetics Asset Management LLC is identified in the filing as a 10% owner of Texas Pacific Land Corp.

Ownership Change Details for Horizon Kinetics in Texas Pacific Land Corp

According to the filing, Horizon Kinetics Asset Management LLC, a New York-based investment manager located at 470 Park Avenue South, 4th Floor South, New York, New York 10016, reported a transaction code "P" purchase of 1 share of Texas Pacific Land Corp common stock on August 3, 2026, at a per-share price of $392.66. Texas Pacific Land Corp, which trades on the New York Stock Exchange under the ticker TPL, is a land and resource company with operations tied to the Permian Basin in West Texas.

The filing also discloses that 19,688 shares were delivered without consideration as part of a client in-kind redemption, which the filing describes as the nature of the ownership change beyond the single-share purchase. Following both reported transactions, Horizon Kinetics Asset Management LLC held 3,244,001 shares of TPL common stock on a direct ownership basis, according to the filing.

The filing further explains that on May 7, 2026, Horizon Kinetics Asset Management LLC filed an amendment to a prior disclosure in which it reported beneficial ownership of 10,109,933 shares, and that the pecuniary interest in those shares is disclosed in the current filing. The form was signed by Jay Kesslen, attorney-in-fact, and dated August 4, 2026. No derivative securities transactions were reported.

What Was Disclosed

The filing reported a single-share purchase of Texas Pacific Land Corp common stock at $392.66 on August 3, 2026, and a reduction of 19,688 shares via client in-kind redemption, leaving Horizon Kinetics Asset Management LLC with 3,244,001 shares beneficially owned directly.