10% owner Horizon Kinetics buys Texas Pacific Land stock for $1,363

Horizon Kinetics Asset Management LLC, a 10% owner and director of Texas Pacific Land Corp (NYSE:TPL), recently purchased 4 shares of the company's common stock on September 29, 2026, at a price of $340.96 per share, totaling $1,363. This brings their direct holdings to 3,364,203 shares, with a current market capitalization of $24.2 billion.

The firm had previously reported beneficial ownership of 10,109,933 shares, with a recent reduction of 26,657 shares due to an in-kind redemption. Texas Pacific Land Corp maintains impressive gross profit margins of 93% and holds more cash than debt on its balance sheet, but the stock is currently overvalued based on InvestingPro’s Fair Value assessment, trading at a P/E ratio of 44.3.

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