Texas Pacific Land Corporation
A land and resource management company that owns roughly 880,000 acres across the Permian Basin, making it one of the largest private landowners in Texas. Rather than drilling itself, it acts as the region's "ultimate landlord," leasing surface land to energy companies and collecting royalties, easement fees, and water-service revenue. The company traces its roots to 1888, when it was created as a trust to manage the surplus land grants of the bankrupt Texas and Pacific Railway, and it converted from a trust to a corporation in 2021.
Item 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 serves as Co-Chief Executive Officer of HKAM, was elected to the Board of Directors of the Issuer. Additional details are disclosed in Item 6 below and are hereby incorporated by reference.
Item 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 serves as Co-Chief Executive Officer of HKAM, was elected to the Board of Directors of the Issuer. Additional details are disclosed in Item 6 below and are hereby incorporated by reference.
| Holder | Schedule | % of class | Shares | Filed |
|---|---|---|---|---|
| HORIZON KINETICS ASSET MANAGEMENT LLC | 13D/AActivist | 14.7% | 10.11M | May 7, 2026 |
Item 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 serves as Co-Chief Executive Officer of HKAM, was elected to the Board of Directors of the Issuer. Additional details are disclosed in Item 6 below and are hereby incorporated by reference. | ||||
| Horizon Kinetics Holding Corp | 13D/AActivist | 14.7% | 10.11M | May 7, 2026 |
Item 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 serves as Co-Chief Executive Officer of HKAM, was elected to the Board of Directors of the Issuer. Additional details are disclosed in Item 6 below and are hereby incorporated by reference. | ||||
| Vanguard Capital Management | 13GPassive | 6.3% | 4.35M | Apr 30, 2026 |
| The Vanguard Group | 13G/APassive | 0% | 0 | Mar 27, 2026 |
| STATE STREET CORPORATION | 13GPassive | 5.1% | 1.17M | Nov 10, 2025 |
| BlackRock, Inc. | 13G/APassive | 7.9% | 1.82M | Feb 5, 2025 |