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 ($6.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $883.13. Options: 4 managers hold calls ($5.0m notional), 4 hold puts ($1.2m).
Trends to Q3 2024
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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 203 | 191 |
| Q1 2023 | 197 | 210 |
| Q2 2023 | 190 | 206 |
| Q3 2023 | 211 | 181 |
| Q4 2023 | 189 | 199 |
| Q1 2024 | 213 | 206 |
| Q2 2024 | 305 | 206 |
| Q3 2024 | 255 | 249 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $0 | $0 | — |
| Q1 2024 | $0 | $2.6m | — |
| Q2 2024 | $0 | $0 | — |
| Q3 2024 | $5.0m | $1.2m | 0.25 |
Biggest buyers
| VANGUARD GROUP INC | Added | +86.2k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +82.0k |
| Invesco Ltd. | Added | +61.2k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | New | +51.3k |
| AQR CAPITAL MANAGEMENT LLC | Added | +36.9k |
| MORGAN STANLEY | Added | +32.9k |
| STATE STREET CORP | Added | +27.9k |
| Sequoia Financial Advisors, LLC | New | +16.9k |
| Janney Montgomery Scott LLC | New | +14.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | Added | +11.8k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -84.3k |
| HSBC HOLDINGS PLC | Reduced | -20.2k |
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -18.2k |
| GOLDMAN SACHS GROUP INC | Reduced | -16.8k |
| CRAWFORD INVESTMENT COUNSEL INC | Reduced | -15.2k |
| Quadrature Capital Ltd | Reduced | -15.2k |
| TEACHER RETIREMENT SYSTEM OF TEXAS | Sold out | -12.8k |
| Bank of New York Mellon Corp | Reduced | -12.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -11.3k |
| SCOUT INVESTMENTS, INC. | Sold out | -11.1k |
Biggest calls
| D. E. Shaw & Co., Inc. | New | $4.4m5.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $442.4k500 shares |
| SIMPLEX TRADING, LLC | New | $176.0k200 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | New | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $796.3k900 shares |
| WOLVERINE TRADING, LLC | New | $354.8k400 shares |
| SIMPLEX TRADING, LLC | New | $88.0k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | New | $00 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 in Q3 2024
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 2022 | 1 | $2.5m | 0 | — | — |
| Q1 2023 | 1 | $1.3m | 0 | — | — |
| Q2 2023 | 1 | $246.2k | 0 | — | — |
| Q3 2023 | 2 | $1.7m | 1 | $185.2k | — |
| Q4 2023 | 3 | $326.7k | 0 | — | — |
| Q1 2024 | 3 | $2.5m | 0 | — | — |
| Q2 2024 | 2 | $83.9k | 0 | — | — |
| Q3 2024 | 1 | $327.1k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-09-30 | STAHL MURRAY +1 Director | Bought plan | $2.7k3 shares |
| 2024-09-30 | STAHL MURRAY +1 Director | Bought plan | $2.7k3 shares |
| 2024-09-30 | STAHL MURRAY +1 Director · Polestar Offshore Fund Ltd | Bought plan | $1.8k2 shares |
| 2024-09-30 | STAHL MURRAY +1 Director · Horizon Kinetics Hard Assets LLC | Bought plan | $1.8k2 shares |
| 2024-09-30 | STAHL MURRAY +1 Director · Horizon Credit Opportunity Fund LP | Bought plan | $8881 share |
| 2024-09-30 | STAHL MURRAY +1 Director · Horizon Kinetics Asset Management LLC | Bought plan | $8881 share |
| 2024-09-27 | STAHL MURRAY +1 Director | Bought plan | $2.7k3 shares |
| 2024-09-27 | STAHL MURRAY +1 Director | Bought plan | $2.6k3 shares |
| 2024-09-27 | STAHL MURRAY +1 Director · Horizon Kinetics Hard Assets LLC | Bought plan | $1.8k2 shares |
| 2024-09-27 | STAHL MURRAY +1 Director · Polestar Offshore Fund Ltd | Bought plan | $1.8k2 shares |
| 2024-09-27 | STAHL MURRAY +1 Director · Horizon Credit Opportunity Fund LP | Bought plan | $8811 share |
| 2024-09-27 | STAHL MURRAY +1 Director · Horizon Kinetics Asset Management LLC | Bought plan | $8811 share |
| 2024-09-26 | STAHL MURRAY +1 Director | Bought plan | $2.7k3 shares |
| 2024-09-26 | STAHL MURRAY +1 Director | Bought plan | $2.7k3 shares |
| 2024-09-26 | STAHL MURRAY +1 Director · Horizon Kinetics Hard Assets LLC | Bought plan | $1.8k2 shares |
| 2024-09-26 | STAHL MURRAY +1 Director · Polestar Offshore Fund Ltd | Bought plan | $1.8k2 shares |
| 2024-09-26 | STAHL MURRAY +1 Director · Horizon Kinetics Asset Management LLC | Bought plan | $9141 share |
| 2024-09-26 | STAHL MURRAY +1 Director · Horizon Credit Opportunity Fund LP | Bought plan | $9141 share |
| 2024-09-25 | STAHL MURRAY +1 Director | Bought plan | $2.8k3 shares |
| 2024-09-25 | STAHL MURRAY +1 Director | Bought plan | $2.8k3 shares |
| 2024-09-25 | STAHL MURRAY +1 Director · Polestar Offshore Fund Ltd | Bought plan | $1.9k2 shares |
| 2024-09-25 | STAHL MURRAY +1 Director · Horizon Kinetics Hard Assets LLC | Bought plan | $1.9k2 shares |
| 2024-09-25 | STAHL MURRAY +1 Director · Horizon Credit Opportunity Fund LP | Bought plan | $9381 share |
| 2024-09-25 | STAHL MURRAY +1 Director · Horizon Kinetics Asset Management LLC | Bought plan | $9381 share |
| 2024-09-24 | STAHL MURRAY +1 Director | Bought plan | $2.9k3 shares |
| 2024-09-24 | STAHL MURRAY +1 Director | Bought plan | $2.8k3 shares |
| 2024-09-24 | STAHL MURRAY +1 Director · Horizon Kinetics Hard Assets LLC | Bought plan | $1.9k2 shares |
| 2024-09-24 | STAHL MURRAY +1 Director · Polestar Offshore Fund Ltd | Bought plan | $1.9k2 shares |
| 2024-09-24 | STAHL MURRAY +1 Director · Horizon Credit Opportunity Fund LP | Bought plan | $9591 share |
| 2024-09-24 | STAHL MURRAY +1 Director · Horizon Kinetics Asset Management LLC | Bought plan | $9591 share |
The latest 30 of 219 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, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| HORIZON KINETICS ASSET MANAGEMENT LLC 48.92% of their portfolio | 3.7m $3.3bn | Reduced -62 |
| BlackRock, Inc. 0.04% of their portfolio | 2.3m $2.0bn | First filing |
| VANGUARD GROUP INC 0.03% of their portfolio | 2.1m $1.8bn | Added +86.2k |
| STATE STREET CORP 0.03% of their portfolio | 762.6k $674.7m | Added +27.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 462.5k $411.9m | Added +82.0k |
| SoftVest Advisors, LLC 86.63% of their portfolio | 393.3k $348.0m | Unchanged |
| FIRST MANHATTAN CO. LLC. 0.89% of their portfolio | 338.0k $299.1m | Reduced -150 |
| MORGAN STANLEY 0.01% of their portfolio | 233.7k $206.8m | Added +32.9k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 191.7k $169.6m | Reduced -12.5k |
| SCHWARTZ INVESTMENT COUNSEL INC 5.83% of their portfolio | 185.2k $163.9m | Reduced -3.2k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 184.6k $163.3m | Added +597 |
| Pacific Heights Asset Management LLC 10.84% of their portfolio | 165.0k $146.0m | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 136.7k $120.9m | Added +10.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 136.4k $120.7m | Added +2.0k |
| Legal & General Group Plc 0.03% of their portfolio | 112.6k $99.6m | Added +842 |
| Douglass Winthrop Advisors, LLC 1.67% of their portfolio | 99.2k $87.8m | Added +3.4k |
| Invesco Ltd. 0.02% of their portfolio | 98.7k $87.4m | Added +61.2k |
| MAD RIVER INVESTORS 47.99% of their portfolio | 97.8k $86.5m | Reduced -1.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.09% of their portfolio | 87.8k $77.7m | Added +11.8k |
| NEUBERGER BERMAN GROUP LLC 0.06% of their portfolio | 86.2k $76.2m | Reduced -313 |
| FIRST TRUST ADVISORS LP 0.07% of their portfolio | 81.6k $72.2m | Added +9.9k |
| Moors & Cabot, Inc. 3.30% of their portfolio | 75.2k $66.5m | Reduced -3.5k |
| UBS Group AG 0.02% of their portfolio | 74.2k $65.6m | Reduced -2.0k |
| AQR CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 72.7k $64.3m | Added +36.9k |
| Hodges Capital Management Inc. 4.15% of their portfolio | 72.4k $64.0m | Reduced -3.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 70.8k $62.7m | Added +6.6k |
| Amundi 0.03% of their portfolio | 70.3k $68.2m | Added +16 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 67.8k $60.0m | Reduced -84.3k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 58.8k $52.0m | Reduced -2.7k |
| Swiss National Bank 0.03% of their portfolio | 58.0k $51.3m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 55.8k $49.3m | Reduced -16.8k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 51.3k $58 | New |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 50.2k $44.4m | Reduced -33 |
| LAWSON KROEKER INVESTMENT MANAGEMENT INC/NE 8.01% of their portfolio | 49.7k $44.0m | Reduced -2.7k |
| EagleClaw Capital Managment, LLC 7.04% of their portfolio | 47.6k $42.1m | Reduced -553 |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 46.8k $41.4m | Added +3.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 46.1k $40.8m | Reduced -18.2k |
| PNC Financial Services Group, Inc. 0.03% of their portfolio | 45.5k $40.2m | Reduced -212 |
| CORTLAND ASSOCIATES INC/MO 4.43% of their portfolio | 41.3k $36.5m | Reduced -840 |
| National Pension Service 0.03% of their portfolio | 40.2k $35.6m | Added +6.4k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 39.9k $35.3m | Added +11 |
| Lagoda Investment Management, L.P. 19.97% of their portfolio | 39.3k $34.8m | Reduced -9.6k |
| California Public Employees Retirement System 0.02% of their portfolio | 39.0k $34.5m | Added +963 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 35.5k $31.4m | Added +3.6k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.47% of their portfolio | 33.7k $29.9m | Added +3.0k |
| HighTower Advisors, LLC 0.04% of their portfolio | 32.2k $28.5m | Reduced -262 |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 31.9k $28.2m | Added +1.7k |
| RAYMOND JAMES & ASSOCIATES 0.02% of their portfolio | 30.1k $26.7m | Reduced -409 |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 28.6k $25.3m | Added +2.9k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 26.9k $23.8m | Added +2.3k |
| First Dallas Securities Inc. 9.74% of their portfolio | 26.3k $23.3m | Reduced -2.2k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 25.5k $22.6m | Added +1.1k |
| Fernwood Investment Management, LLC 7.04% of their portfolio | 24.4k $21.6m | Reduced -219 |
| CITIGROUP INC 0.02% of their portfolio | 24.3k $21.5m | Added +3.7k |
| One Charles Private Wealth Services, LLC 8.10% of their portfolio | 24.1k $21.3m | Added +559 |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 23.9k $21.2m | Reduced -2.9k |
| Focus Partners Wealth 0.07% of their portfolio | 23.5k $20.8m | Reduced -1.1k |
| Retirement Systems of Alabama 0.08% of their portfolio | 22.9k $20.3m | Reduced -91 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 22.6k $20.0m | Added +783 |
| Corebridge Financial, Inc. 0.11% of their portfolio | 22.5k $19.9m | Reduced -1.3k |
| BAR HARBOR WEALTH MANAGEMENT 1.23% of their portfolio | 21.8k $19.3m | Reduced -560 |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 21.8k $19.3m | Reduced -1.4k |
| US BANCORP \DE\ 0.02% of their portfolio | 21.7k $19.2m | Added +10 |
| BARCLAYS PLC 0.01% of their portfolio | 19.9k $17.6m | Added +1.2k |
| Blue Trust, Inc. 0.18% of their portfolio | 19.2k $14.1m | Added +2.3k |
| SAPIENT CAPITAL LLC 0.34% of their portfolio | 19.0k $16.8m | Added +4.1k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.03% of their portfolio | 18.7k $16.5m | Added +526 |
| HOWLAND CAPITAL MANAGEMENT LLC 0.69% of their portfolio | 18.0k $15.9m | Unchanged |
| Sequoia Financial Advisors, LLC 0.16% of their portfolio | 16.9k $14.9m | New |
| NORTH POINT PORTFOLIO MANAGERS CORP/OH 2.32% of their portfolio | 16.3k $14.4m | Reduced -188 |
| Essex Financial Services, Inc. 1.25% of their portfolio | 15.9k $17.4m | Reduced -1.7k |
| Lido Advisors, LLC 0.10% of their portfolio | 15.6k $13.8m | Reduced -119 |
| PECAUT & CO. 4.86% of their portfolio | 15.5k $13.8m | Reduced -300 |
| FIL Ltd 0.01% of their portfolio | 15.5k $13.7m | Added +11.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 15.3k $13.5m | Reduced -353 |
| Janney Montgomery Scott LLC 0.04% of their portfolio | 14.6k $12.9m | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 14.5k $12.9m | Added +2.3k |
| Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. 1.95% of their portfolio | 14.5k $12.8m | Added +8.7k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 14.4k $15.3m | Added +6.1k |
| Concorde Financial Corp 7.48% of their portfolio | 14.4k $12.7m | Reduced -8.3k |
| W1M Investment Management Ltd 0.21% of their portfolio | 14.2k $12.5m | Added +2.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 13.8k $12.2m | Reduced -2.2k |
| MGO ONE SEVEN LLC 0.53% of their portfolio | 13.7k $12.2m | Reduced -581 |
| Mitsubishi UFJ Trust & Banking Corp 0.03% of their portfolio | 13.2k $11.7m | Reduced -1.2k |
| WEDGEWOOD PARTNERS INC 3.27% of their portfolio | 13.2k $18.0m | Reduced -172 |
| Summit Street Capital Management, LLC 4.14% of their portfolio | 13.1k $11.6m | Reduced -1.3k |
| Atlas Wealth Partners, LLC 17.61% of their portfolio | 13.1k $11.5m | Unchanged |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 13.0k $11.5m | Added +742 |
| Fielder Capital Group LLC 3.76% of their portfolio | 12.9k $11.4m | Reduced -18 |
| BRIDGES INVESTMENT MANAGEMENT INC 0.16% of their portfolio | 12.7k $11.3m | Reduced -391 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 12.7k $11.3m | Added +731 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 12.4k $11.0m | Reduced -4.0k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 12.3k $10.9m | Reduced -678 |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 12.3k $10.9m | Reduced -2.3k |
| LPL Financial LLC 0.00% of their portfolio | 12.1k $10.7m | Reduced -487 |
| American Money Management, LLC 2.13% of their portfolio | 12.0k $10.6m | Reduced -254 |
| TIAA TRUST, NATIONAL ASSOCIATION 0.03% of their portfolio | 12.0k $10.6m | Reduced -52 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio | 11.9k $10.5m | Reduced -2.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 11.6k $10.3m | Added +758 |
| Lunt Capital Management, Inc. 4.66% of their portfolio | 11.3k $10.0m | Reduced -4.8k |