$TPL

$330.43 -$3.03 (0.91%) Close

$TPL Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 69.0M shares outstanding

Who owns TPL?

By type of holder

Institutions 72.3% Insiders 27.7% Everyone else 0.0%

Concentration Top 10 holders own 63.1%

Horizon Kinetics Holding Corp 14.7% · Horizon Kinetics Asset Management LLC 14.2%

Institutional ownership

72.3%

-0.2 pts vs last qtr

Institutional holders

867

+4 vs last qtr

Net shares bought

−111.6K

by institutions in Q2 2026

New / sold out

93 / 89

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Aqr Capital Management LLC +216.9K
State Street Corp +179.8K

Biggest sellers in Q2 2026

BlackRock, Inc. −656.3K
Horizon Kinetics Asset Management LLC −212.5K

Who is planning to sell?

Notices of proposed sale, last 12 months

$2.18M

4 notices from 4 people

Shares covered

5.2K

0.01% of the company

Arranged in advance

75%

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

Chris Steddum Affiliate 10b5-1 $1.63M
Donna Epps Director $459K

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2018–FY2025

−1.5%

−0.22% a year

Each share's claim on the business

+1.5%

grew without buying or selling a share

Spent on buybacks vs paid in stock

$230M vs $46.4M

over 8 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years84% 3–5 years6% 1–3 years7% Under 1 year4%

Quarterly turnover

4.8%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting TPL on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
HK Horizon Kinetics Asset Management LLC 13D · 14.7%	9.8M	14.21%	−212.5K (−2.1%)	≤2021	48.6%
Shares held by quarter Peak holding10.3M (Q4'25) Change over 8 quarters+6.1M Share of the company14.210% Disclosed stake13D · 14.7% Horizon Kinetics Asset Management LLC's full portfolio →
B BlackRock, Inc.	5.3M	7.68%	−656.3K (−11.0%)	≤2021	0.0%
Shares held by quarter Peak holding6.0M (Q4'25) Change over 8 quarters+3.0M Share of the company7.680% BlackRock, Inc.'s full portfolio →

Horizon Kinetics Asset Management LLC

13D · 14.7%

9.8M

% of company

14.21%

Change vs last qtr

−212.5K (−2.1%)

Held since

≤2021

BlackRock, Inc.

5.3M

% of company

7.68%

Change vs last qtr

−656.3K (−11.0%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding Texas Pacific Land Corporation, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting TPL on Form N-PORT; together they hold 32.2% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
KP Kinetics Paradigm Portfolio Kinetics Portfolios Trust	$824M	1.9M	2.73%	69.43%	June 30, 2026
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$815M	1.9M	2.70%	0.04%	June 30, 2026

Kinetics Paradigm Portfolio

Kinetics Portfolios Trust

Position value

$824M

% of company

2.73%

% of the fund

69.43%

As of

June 30, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$815M

% of company

2.70%

% of the fund

0.04%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Texas Pacific Land Corporation and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
HK Horizon Kinetics Holding Corp 5%+ holder 13D · 14.7%	10.1M	14.66%	—	—	—	—
This holder reports through Schedule 13D/G, not a quarterly 13F. Share of the company14.660% Disclosed stake13D · 14.7% View the 13D/G filing →
DP Doyle Peter Insider	3.5M	5.14%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company5.140% Doyle Peter's insider activity →

Horizon Kinetics Holding Corp

5%+ holder13D · 14.7%

10.1M

% of company

14.66%

Change vs last qtr

—

Held since

—

Doyle Peter

Insider

3.5M

% of company

5.14%

Change vs last qtr

—

Held since

—

12 more holders behind a free account

See every insider and 5%+ holder of Texas Pacific Land Corporation.

Comments