TEXAS PACIFIC LAND CORPORATI TPL
COM · Common Stock · CUSIP 88262P102 · ISIN US88262P1021
- SectorFinancials
- IndustryOil Royalty Traders
- HeadquartersDallas, TX
- Websitetexaspacific.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($42.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $437.83. Options: 19 managers hold calls ($739.8m notional), 19 hold puts ($438.6m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 429 |
| Q4 2022 | 481 |
| Q1 2023 | 462 |
| Q2 2023 | 428 |
| Q3 2023 | 464 |
| Q4 2023 | 470 |
| Q1 2024 | 475 |
| Q2 2024 | 570 |
| Q3 2024 | 596 |
| Q4 2024 | 686 |
| Q1 2025 | 752 |
| Q2 2025 | 733 |
| Q3 2025 | 713 |
| Q4 2025 | 730 |
| Q1 2026 | 863 |
| Q2 2026 | 873 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 255 | 249 |
| Q4 2024 | 316 | 267 |
| Q1 2025 | 348 | 291 |
| Q2 2025 | 320 | 342 |
| Q3 2025 | 305 | 335 |
| Q4 2025 | 318 | 318 |
| Q1 2026 | 456 | 306 |
| Q2 2026 | 437 | 351 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $132.3m | $80.7m | 0.61 |
| Q4 2025 | $72.0m | $76.6m | 1.06 |
| Q1 2026 | $530.2m | $335.2m | 0.63 |
| Q2 2026 | $739.8m | $438.6m | 0.59 |
Biggest buyers
| AQR CAPITAL MANAGEMENT LLC | Added | +216.9k |
| STATE STREET CORP | Added | +179.8k |
| CITADEL ADVISORS LLC | Added | +110.3k |
| Invesco Ltd. | Added | +93.6k |
| FIRST TRUST ADVISORS LP | Added | +88.2k |
| AMERICAN CENTURY COMPANIES INC | Added | +84.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +84.3k |
| Annex Advisory Services, LLC | Added | +78.4k |
| RAYMOND JAMES FINANCIAL INC | Added | +78.1k |
| Janney Montgomery Scott LLC | New | +62.4k |
Biggest sellers
| BlackRock, Inc. | Reduced | -656.3k |
| HORIZON KINETICS ASSET MANAGEMENT LLC | Reduced | -212.5k |
| Champlain Investment Partners, LLC | Reduced | -153.4k |
| TD Asset Management Inc | Reduced | -74.7k |
| JANE STREET GROUP, LLC | Reduced | -66.1k |
| GOLDMAN SACHS GROUP INC | Reduced | -55.4k |
| Epoch Investment Partners, Inc. | Reduced | -52.8k |
| Legal & General Group Plc | Reduced | -52.1k |
| JPMORGAN CHASE & CO | Reduced | -51.7k |
| SEI INVESTMENTS CO | Reduced | -49.5k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $210.6m481.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $144.5m330.1k shares |
| CITADEL ADVISORS LLC | Added | $128.1m292.6k shares |
| IMC-Chicago, LLC | Added | $99.6m227.6k shares |
| Walleye Trading LLC | Added | $52.2m119.3k shares |
| PEAK6 LLC | Added | $29.8m68.0k shares |
| D. E. Shaw & Co., Inc. | Added | $22.0m50.2k shares |
| SIMPLEX TRADING, LLC | Added | $16.8m38.5k shares |
| Squarepoint Ops LLC | Reduced | $8.4m19.3k shares |
| GROUP ONE TRADING LLC | Added | $7.2m16.4k shares |
Biggest puts
| SoftVest Advisors, LLC | Added | $210.2m480.2k shares |
| JANE STREET GROUP, LLC | Added | $61.0m139.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $60.4m138.1k shares |
| GROUP ONE TRADING LLC | New | $31.7m72.5k shares |
| IMC-Chicago, LLC | Reduced | $22.5m51.5k shares |
| CITADEL ADVISORS LLC | Reduced | $17.3m39.5k shares |
| Walleye Trading LLC | Added | $14.1m32.3k shares |
| D. E. Shaw & Co., Inc. | Added | $4.0m9.2k shares |
| Point72 Asset Management, L.P. | Added | $3.7m8.5k shares |
| Squarepoint Ops LLC | Reduced | $2.7m6.1k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
HORIZON KINETICS ASSET MANAGEMENT LLC
13D · may seek influence
+0.2 pts · filed 2026-05-07
Stated purposeItem 4 is hereby amended and restated in its entirety to read as follows: HKAM acquired the securities reported herein on behalf of the Managed Accounts for investment purposes. In the ordinary course of its business, HKAM intends to regularly review its equity interest in the Issuer and may, from time to time, acquire additional shares or other securities of the Issuer. While HKAM has no present intention to dispose of all or any portion of the shares beneficially owned by Managed Accounts, it may sell shares from time to time for a number of reasons, not limited to client requests, regulatory or investment limitations or other reasons. Any such sales of securities of the Issuer may be in the open market, privately negotiated transactions or otherwise. On May 5, 2026, Peter Doyle, who s… Full filing |
14.7% |
| BlackRock, Inc. 13G · institution filed 2025-02-05 | 7.9% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 6.3% |
| STATE STREET CORP 13G · institution +0.1 pts · filed 2025-11-10 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 1 | $458.7k | 2 | $760.6k | — |
| Q1 2025 | 2 | $700.1k | 3 | $2.8m | $978.6k |
| Q2 2025 | 1 | $767.8k | 0 | — | — |
| Q3 2025 | 1 | $269.1k | 1 | $150.1k | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 2 | $457.1k | 2 | $1.3m | — |
| Q2 2026 | 1 | $1.5k | 1 | $1.6m | $1.6m |
| Q3 2026 | 1 | $1.9k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-28 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3401 share |
| 2026-09-25 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3401 share |
| 2026-09-24 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3401 share |
| 2026-09-23 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3531 share |
| 2026-09-22 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3611 share |
| 2026-09-21 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3491 share |
| 2026-09-18 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3511 share |
| 2026-09-17 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3491 share |
| 2026-09-16 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3521 share |
| 2026-09-15 | DOYLE PETER Director | Bought | $1.9k5 shares |
| 2026-09-15 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3711 share |
| 2026-09-14 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3721 share |
| 2026-09-11 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3681 share |
| 2026-09-10 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3661 share |
| 2026-09-09 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3791 share |
| 2026-09-08 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3751 share |
| 2026-09-04 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3601 share |
| 2026-09-03 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3681 share |
| 2026-09-02 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3631 share |
| 2026-09-01 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3691 share |
| 2026-08-31 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3691 share |
| 2026-08-28 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3641 share |
| 2026-08-27 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3661 share |
| 2026-08-26 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3751 share |
| 2026-08-25 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3731 share |
| 2026-08-24 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3771 share |
| 2026-08-21 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3821 share |
| 2026-08-20 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3781 share |
| 2026-08-19 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3721 share |
| 2026-08-18 | HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner | Bought | $3611 share |
The latest 30 of 126 trades.
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| HORIZON KINETICS ASSET MANAGEMENT LLC 48.64% of their portfolio | 9.8m $4.3bn | Reduced -212.5k |
| BlackRock, Inc. 0.03% of their portfolio | 5.3m $2.3bn | Reduced -656.3k |
| STATE STREET CORP 0.05% of their portfolio | 4.0m $1.7bn | Added +179.8k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 3.8m $1.7bn | Added +25.2k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.06% of their portfolio | 3.2m $1.4bn | Added +41.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 1.6m $717.9m | Added +13.2k |
| FIRST MANHATTAN CO. LLC. 1.19% of their portfolio | 1.1m $466.0m | Added +2.0k |
| SoftVest Advisors, LLC 73.91% of their portfolio | 1.1m $464.8m | Unchanged |
| MORGAN STANLEY 0.02% of their portfolio | 972.3k $425.5m | Added +7.8k |
| Invesco Ltd. 0.02% of their portfolio | 715.7k $313.2m | Added +93.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 647.8k $283.5m | Added +34.4k |
| Pacific Heights Asset Management LLC 8.18% of their portfolio | 590.0k $258.2m | Reduced -30.0k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 540.6k $236.6m | Reduced -4.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 477.4k $208.9m | Added +30.9k |
| UBS Group AG 0.03% of their portfolio | 445.7k $195.1m | Reduced -27.9k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 443.0k $193.8m | Added +11.9k |
| SCHWARTZ INVESTMENT COUNSEL INC 6.00% of their portfolio | 413.5k $180.9m | Added +2.5k |
| Legal & General Group Plc 0.03% of their portfolio | 350.5k $153.4m | Reduced -52.1k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 340.8k $149.1m | Reduced -16.6k |
| VANGUARD FIDUCIARY TRUST CO 0.03% of their portfolio | 333.8k $146.1m | Reduced -750 |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 318.6k $139.4m | Reduced -55.4k |
| Tidal Investments LLC 0.33% of their portfolio | 310.6k $135.9m | Added +44.3k |
| TD Asset Management Inc 0.12% of their portfolio | 303.9k $133.0m | Reduced -74.7k |
| Amundi 0.03% of their portfolio | 290.2k $127.0m | Added +10.4k |
| MAD RIVER INVESTORS 46.69% of their portfolio | 285.3k $124.9m | Added +210 |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 282.6k $123.7m | Added +216.9k |
| Epoch Investment Partners, Inc. 0.69% of their portfolio | 278.3k $121.8m | Reduced -52.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 275.2k $120.5m | Added +84.3k |
| York GP, Ltd. 93.04% of their portfolio | 268.6k $117.6m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 263.3k $115.2m | Reduced -1.5k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 249.2k $109.1m | Added +46.7k |
| FIRST TRUST ADVISORS LP 0.06% of their portfolio | 244.0k $106.8m | Added +88.2k |
| Douglass Winthrop Advisors, LLC 1.84% of their portfolio | 243.4k $106.5m | Reduced -25.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 215.8k $94.5m | Reduced -21.4k |
| Focus Partners Wealth 0.08% of their portfolio | 188.0k $82.3m | Reduced -864 |
| Nuveen, LLC 0.02% of their portfolio | 183.3k $80.2m | Added +21.9k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 180.1k $78.8m | Added +78.1k |
| Moors & Cabot, Inc. 2.93% of their portfolio | 172.4k $75.5m | Added +1.9k |
| Swiss National Bank 0.04% of their portfolio | 165.3k $72.3m | Reduced -6.7k |
| EagleClaw Capital Managment, LLC 9.02% of their portfolio | 153.6k $67.2m | Added +1.7k |
| Annex Advisory Services, LLC 1.15% of their portfolio | 153.5k $67.2m | Added +78.4k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 150.3k $65.8m | Added +12.7k |
| PNC Financial Services Group, Inc. 0.03% of their portfolio | 145.2k $63.6m | Reduced -1.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 141.3k $61.8m | Added +22.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 140.8k $61.6m | Added +9.7k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 135.6k $59.3m | Added +110.3k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 135.4k $59.3m | Added +84.8k |
| DANSKE BANK A/S 0.12% of their portfolio | 132.7k $58.1m | Added +37.5k |
| California Public Employees Retirement System 0.03% of their portfolio | 127.9k $56.0m | Added +26.3k |
| CWA Asset Management Group, LLC 1.72% of their portfolio | 127.6k $55.9m | Added +43.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 125.6k $55.0m | Added +1.2k |
| Vanguard Global Advisers, LLC 0.03% of their portfolio | 124.9k $54.7m | Reduced -1.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 123.4k $51.8m | Reduced -51.7k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 120.8k $52.9m | Added +1.7k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 117.1k $51.1m | Added +17.7k |
| LAWSON KROEKER INVESTMENT MANAGEMENT INC/NE 13.36% of their portfolio | 110.1k $48.2m | Reduced -2.8k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.03% of their portfolio | 104.7k $45.8m | Added +13.0k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 101.6k $44.5m | Reduced -19.6k |
| HighTower Advisors, LLC 0.04% of their portfolio | 101.2k $44.3m | Added +1.1k |
| Hodges Capital Management Inc. 2.95% of their portfolio | 101.1k $44.3m | Reduced -4.2k |
| Champlain Investment Partners, LLC 1.12% of their portfolio | 99.6k $43.6m | Reduced -153.4k |
| OSAIC HOLDINGS, INC. 0.05% of their portfolio | 95.9k $42.0m | Added +1.8k |
| Blue Trust, Inc. 0.41% of their portfolio | 88.8k $38.9m | Reduced -45 |
| Pacer Advisors, Inc. 0.10% of their portfolio | 88.6k $38.8m | Reduced -7.6k |
| Lagoda Investment Management, L.P. 20.60% of their portfolio | 85.6k $37.5m | Reduced -594 |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 84.5k $37.0m | Added +9.3k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.47% of their portfolio | 81.1k $35.5m | Added +5.0k |
| CITIGROUP INC 0.02% of their portfolio | 81.0k $35.4m | Added +33.5k |
| BARCLAYS PLC 0.01% of their portfolio | 78.9k $34.5m | Reduced -23.2k |
| One Charles Private Wealth Services, LLC 7.13% of their portfolio | 70.7k $30.9m | Reduced -4.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 70.6k $30.9m | Reduced -734 |
| Advisory Services Network, LLC 0.34% of their portfolio | 68.4k $29.9m | Added +4 |
| SEI INVESTMENTS CO 0.03% of their portfolio | 65.0k $28.4m | Reduced -49.5k |
| Janney Montgomery Scott LLC 0.05% of their portfolio | 62.4k $27.3m | New |
| LPL Financial LLC 0.01% of their portfolio | 60.8k $26.6m | Reduced -734 |
| RWA WEALTH PARTNERS, LLC 0.25% of their portfolio | 59.7k $26.1m | Reduced -4.9k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 58.5k $25.6m | Added +13.6k |
| BLI - Banque de Luxembourg Investments 0.86% of their portfolio | 57.8k $24.3m | Added +11.9k |
| Aberdeen Group plc 0.04% of their portfolio | 57.3k $25.1m | Added +9.3k |
| First Dallas Securities Inc. 8.26% of their portfolio | 57.1k $25.0m | Reduced -2.4k |
| US BANCORP \DE\ 0.03% of their portfolio | 55.7k $24.4m | Added +1.4k |
| AVIVA PLC 0.03% of their portfolio | 54.0k $23.7m | Added +2.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 53.6k $23.5m | Reduced -335 |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 52.5k $24.9m | Reduced -102 |
| SG Americas Securities, LLC 0.01% of their portfolio | 50.5k $22.1m | Added +3.6k |
| HOWLAND CAPITAL MANAGEMENT LLC 0.79% of their portfolio | 49.8k $21.8m | Added +50 |
| COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio | 49.8k $21.8m | Added +5.6k |
| Crawford Fund Management, LLC 6.55% of their portfolio | 48.8k $21.3m | New |
| CRAWFORD INVESTMENT COUNSEL INC 0.35% of their portfolio | 48.5k $21.2m | Added +14.5k |
| SAPIENT CAPITAL LLC 0.27% of their portfolio | 47.9k $21.0m | Reduced -6 |
| Essex Financial Services, Inc. 1.03% of their portfolio | 47.4k $20.7m | Reduced -449 |
| MGO ONE SEVEN LLC 0.33% of their portfolio | 45.7k $20.0m | Added +1.1k |
| Hamilton Capital Partners Inc. 0.57% of their portfolio | 45.0k $19.7m | Added +11.5k |
| SPROTT INC. 0.63% of their portfolio | 43.3k $18.9m | New |
| TUDOR INVESTMENT CORP ET AL 0.08% of their portfolio | 43.1k $18.9m | New |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 42.3k $18.5m | Added +13.2k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 42.1k $18.4m | Reduced -765 |
| NewEdge Advisors, LLC 0.05% of their portfolio | 40.9k $17.9m | Added +12.2k |
| Atlas Wealth Partners, LLC 19.04% of their portfolio | 39.8k $17.4m | Reduced -9 |
| Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. 2.03% of their portfolio | 39.4k $17.2m | Added +50 |