Horizon Kinetics Asset Management’s Texas Pacific Land TPL Stock Holding History

Horizon Kinetics Asset Management’s Portfolio TPL Stock Details TPL Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$4.29B	Sell	9,802,899 -212,480	-2%	-$86.1M	48.64%	1
2026 Q1	$4.75B	Sell	10,015,379 -318,383	-3%	-$137M	51.49%	1
2025 Q4	$2.97B	Sell	10,333,762 -180,314	-2%	-$55.1M	40.14%	1
2025 Q3	$3.27B	Sell	10,514,076 -218,517	-2%	-$68.8M	39.89%	1
2025 Q2	$3.78B	Sell	10,732,593 -52,677	-0.5%	-$21.5M	44.81%	1
2025 Q1	$4.76B	Sell	10,785,270 -34,467	-0.3%	-$15.4M	54.04%	1
2024 Q4	$3.99B	Sell	10,819,737 -263,358	-2%	-$108M	49.66%	1
2024 Q3	$3.27B	Sell	11,083,095 -186	-0%	-$51.1K	48.92%	1
2024 Q2	$2.71B	Sell	11,083,281 -245,868	-2%	-$51.5M	47.4%	1
2024 Q1	$2.18B	Sell	11,329,149 -719,646	-6%	-$123M	41.31%	1
2023 Q4	$2.11B	Sell	12,048,795 -375,444	-3%	-$71.3M	44.08%	1
2023 Q3	$2.52B	Sell	12,424,239 -210,564	-2%	-$39.7M	49.85%	1
2023 Q2	$1.85B	Sell	12,634,803 -137,385	-1%	-$22M	39.8%	1
2023 Q1	$2.41B	Sell	12,772,188 -127,314	-1%	-$26.5M	46.35%	1
2022 Q4	$3.36B	Sell	12,899,502 -506,799	-4%	-$134M	55.44%	1
2022 Q3	$2.65B	Sell	13,406,301 -144,774	-1%	-$27.9M	53.29%	1
2022 Q2	$2.24B	Sell	13,551,075 -97,443	-0.7%	-$15.9M	46.91%	1
2022 Q1	$2.05B	Sell	13,648,518 -8,577	-0.1%	-$1.13M	41.31%	1
2021 Q4	$1.9B	Sell	13,657,095 -194,832	-1%	-$27.2M	41.72%	1
2021 Q3	$1.86B	Sell	13,851,927 -73,944	-0.5%	-$11.5M	43.49%	1
2021 Q2	$2.48B	Sell	13,925,871 -95,535	-0.7%	-$16.6M	50.42%	1
2021 Q1	$2.48B	Sell	14,021,406 -435,231	-3%	-$54.2M	56.13%	1
2020 Q4	$1.17B	Sell	14,456,637 -336,726	-2%	-$21.4M	38.89%	1
2020 Q3	$742M	Sell	14,793,363 -520,641	-3%	-$31.1M	29.79%	1
2020 Q2	$1.01B	Sell	15,314,004 -342,873	-2%	-$21.1M	36.62%	1
2020 Q1	$661M	Sell	15,656,877 -317,043	-2%	-$23.2M	29.27%	1
2019 Q4	$1.39B	Sell	15,973,920 -71,397	-0.4%	-$5.22M	39.34%	1
2019 Q3	$1.16B	Sell	16,045,317 -72,711	-0.5%	-$5.67M	34.87%	1
2019 Q2	$1.41B	Sell	16,118,028 -84,807	-0.5%	-$7.61M	38.95%	1
2019 Q1	$1.39B	Buy	+16,202,835	New	+$1.27B	38.72%	1

Other funds holding TPL

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

First Manhattan New York $39.2B AUM 21.04% 1-Year Est. Return

SoftVest Advisors Abilene, Texas $921M AUM 45.28% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return

Charles Schwab San Francisco, California $751B AUM 38.74% 1-Year Est. Return

Horizon Kinetics Asset Management's TPL Position: Q2 2026 in Review

Horizon Kinetics Asset Management reduced its Texas Pacific Land (TPL) stake by 2.1% in Q2 2026, selling an estimated $86.1M and leaving 9,802,899 shares worth $4.29B. The position accounts for 48.64% of the portfolio, ranked #1.

Horizon Kinetics Asset Management first reported a position in TPL in Q1 2019 and has held it in 30 quarters since. The position peaked at $4.76B in Q1 2025. 872 funds tracked by Wall St. Rank hold TPL as of Q2 2026.

Horizon Kinetics Asset Management held 9,802,899 shares of Texas Pacific Land worth $4.29B as of Q2 2026.
Horizon Kinetics Asset Management sold 212,480 Texas Pacific Land shares in Q2 2026, an estimated $86.1M.
Texas Pacific Land made up 48.64% of Horizon Kinetics Asset Management's portfolio in Q2 2026, its #1 holding.
Horizon Kinetics Asset Management first reported a position in Texas Pacific Land in Q1 2019 and has held it in 30 quarters since.
Horizon Kinetics Asset Management's Texas Pacific Land position peaked at $4.76B in Q1 2025.
872 funds tracked by Wall St. Rank held Texas Pacific Land as of Q2 2026.

Based on Horizon Kinetics Asset Management's 13F filing for Q2 2026, filed 11 Aug 2026.