Horizon Kinetics buys $352 in Texas Pacific Land (TPL) stock
On September 23, 2026, Horizon Kinetics Asset Management LLC, a director and 10% owner of Texas Pacific Land Corp (TPL), made a stock purchase. The asset manager bought 1 share of TPL common stock at $352.95 per share, spending a total of $352. TPL traded at $341.10, resulting in a market capitalization of $23.33 billion for the company.
InvestingPro analysis classified the stock as overvalued relative to its Fair Value. After this acquisition, Horizon Kinetics Asset Management LLC now owns 3,390,853 shares of TPL’s common stock. The company had previously reported beneficial ownership of 10,109,933 shares in an amended Schedule 13D filing on May 7, 2026.
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