TPLNYSEOil Royalty TradersFiscal year ends December 31
Texas Pacific Land Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$344.61−6.31 (-1.80%)
Close on Oct 19, 2026
- Market cap
- $23.79B
- P/E (TTM)
- 43.9
- Dividend yield
- 0.62%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
72.8%
50M of 69M shares
Institutional holders
871
95 new, 73 sold out
Net institutional buying
0M
In Q2 2026
Insider trades, 12 months
237 buys · 5 sales
Net sold $2.29M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Andrew Dakos 2. CHECK THE BOX IF | 4,502 | – | 13D (active) | Jan 17, 2024 |
| Vanguard Capital Management | 4,348,379 | 6.30% | 13G (passive) | Mar 31, 2026 |
| Horizon Kinetics Asset Management LLC | 3,578,173 | 15.60% | 13D (active) amendment | Dec 16, 2024 |
| BlackRock, Inc. | 1,815,331 | 7.90% | 13G (passive) amendment | Dec 31, 2024 |
| State Street Corporation | 1,169,372 | 5.10% | 13G (passive) | Sep 30, 2025 |
| Horizon Kinetics Holding Corp | 10,109,933 | 14.70% | 13D (active) amendment | May 5, 2026 |
| Stahl Murray | 10,050,070 | 14.60% | 13D (active) amendment | Mar 24, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of TPL | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Horizon Kinetics Asset Management LLC | 9,802,899 | 14.21% | $4.29B | −212,480 | 48.64% |
| BlackRock, Inc. | 5,296,254 | 7.68% | $2.32B | −656,261 | 0.03% |
| State Street Corp | 3,964,748 | 5.75% | $1.74B | +179,791 | 0.05% |
| Vanguard Capital Management LLC | 3,808,863 | 5.52% | $1.67B | +25,178 | 0.04% |
| Vanguard Portfolio Management LLC | 3,184,079 | 4.62% | $1.39B | +41,227 | 0.06% |
| Geode Capital Management, LLC | 1,646,584 | 2.39% | $717.94M | +13,188 | 0.04% |
| First Manhattan Co. LLC. | 1,064,741 | 1.54% | $465.97M | +1,972 | 1.19% |
| SoftVest Advisors, LLC | 1,062,099 | 1.54% | $464.82M | – | 50.47% |
| Morgan Stanley | 972,321 | 1.41% | $425.53M | +7,845 | 0.02% |
| Invesco Ltd. | 715,743 | 1.04% | $313.24M | +93,568 | 0.02% |
| Charles Schwab Investment Management Inc | 647,812 | 0.94% | $283.51M | +34,438 | 0.04% |
| Pacific Heights Asset Management LLC | 590,000 | 0.86% | $258.21M | −30,000 | 8.18% |
| Northern Trust Corp | 540,628 | 0.78% | $236.60M | −4,255 | 0.03% |
| UBS Asset Management Americas Inc | 477,430 | 0.69% | $208.94M | +30,911 | 0.04% |
| UBS Group AG | 445,744 | 0.65% | $195.08M | −27,863 | 0.02% |
| Dimensional Fund Advisors LP | 442,988 | 0.64% | $193.80M | +11,898 | 0.04% |
| Schwartz Investment Counsel Inc | 413,457 | 0.60% | $180.95M | +2,531 | 6.00% |
| Legal & General Group Plc | 350,454 | 0.51% | $153.37M | −52,120 | 0.03% |
| Bank of New York Mellon Corp | 340,777 | 0.49% | $149.14M | −16,602 | 0.02% |
| Vanguard Fiduciary Trust Co | 333,823 | 0.48% | $146.09M | −750 | 0.03% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 871 | 50M | 72.8% | 95 / 348 | 279 / 73 | 2M | 2M |
| Q1 2026 | 863 | 50M | 72.9% | 191 / 282 | 259 / 48 | 10M | 2M |
| Q4 2025 | 731 | 50M | 72.0% | 97 / 259 | 250 / 67 | 2M | 2M |
| Q3 2025 | 713 | 49M | 71.2% | 76 / 236 | 248 / 88 | 2M | 2M |
| Q2 2025 | 732 | 49M | 71.3% | 81 / 250 | 251 / 90 | 3M | 2M |
| Q1 2025 | 749 | 49M | 70.4% | 117 / 241 | 247 / 44 | 2M | 2M |
| Q4 2024 | 685 | 48M | 70.3% | 142 / 204 | 223 / 45 | 7M | 4M |
| Q3 2024 | 595 | 46M | 66.2% | 79 / 184 | 201 / 48 | 9M | 1M |
| Q2 2024 | 569 | 45M | 65.1% | 137 / 173 | 169 / 38 | 6M | 4M |
| Q1 2024 | 474 | 42M | 61.2% | 56 / 167 | 163 / 43 | 2M | 2M |
| Q4 2023 | 469 | 42M | 61.6% | 57 / 152 | 155 / 42 | 3M | 1M |
| Q3 2023 | 461 | 41M | 59.9% | 71 / 145 | 149 / 33 | 1M | 2M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of TPL | Value | % of fund | As of |
|---|---|---|---|---|---|
| Kinetics Paradigm Portfolio | 1,881,818 | 2.73% | $823.56M | 69.43% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 1,861,750 | 2.70% | $814.78M | 0.04% | Jun 30, 2026 |
| Vanguard 500 Index Fund | 1,501,950 | 2.18% | $657.31M | 0.04% | Jun 30, 2026 |
| State Street(R) Energy Select Sector SPDR(R) ETF | 1,242,061 | 1.80% | $543.58M | 1.52% | Jun 30, 2026 |
| iShares Core S&P 500 ETF | 797,389 | 1.16% | $348.97M | 0.04% | Jun 30, 2026 |
| Fidelity 500 Index Fund | 741,050 | 1.07% | $291.23M | 0.03% | May 31, 2026 |
| Vanguard Small-Cap Index Fund | 672,061 | 0.97% | $294.12M | 0.16% | Jun 30, 2026 |
| Kinetics Small Cap Opportunities Portfolio | 669,896 | 0.97% | $293.17M | 55.39% | Jun 30, 2026 |
| Vanguard Mid-Cap Index Fund | 635,174 | 0.92% | $277.98M | 0.12% | Jun 30, 2026 |
| Permanent Portfolio | 570,000 | 0.83% | $229.47M | 3.22% | Jul 31, 2026 |
| Invesco S&P 500 Equal Weight ETF | 496,785 | 0.72% | $200.00M | 0.21% | Jul 31, 2026 |
| Vanguard Growth Index Fund | 492,762 | 0.71% | $215.65M | 0.06% | Jun 30, 2026 |
| Vanguard Small-Cap Growth Index Fund | 387,520 | 0.56% | $169.59M | 0.36% | Jun 30, 2026 |
| iShares Russell Mid-Cap Growth ETF | 347,174 | 0.50% | $151.94M | 0.70% | Jun 30, 2026 |
| Vanguard Dividend Appreciation Index Fund | 327,812 | 0.48% | $131.97M | 0.10% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Tyler Glover | President & CEO, Director | 44,171 | 0.06% | Feb 18, 2026 |
| Chris Steddum | Chief Financial Officer | 12,140 | 0.02% | Jun 9, 2026 |
| Stephanie Buffington | Chief Accounting Officer | 2,133 | 0.00% | Feb 25, 2026 |
| Micheal W. Dobbs | Senior VP, Secretary and GC | 7,845 | 0.01% | Feb 18, 2026 |
| Peter Doyle | Director | 148,746 | 0.22% | Sep 17, 2026 |
| Donna E. Epps | Director | 2,921 | 0.00% | Feb 27, 2026 |
| Marguerite Woung-Chapman | Director | 1,769 | 0.00% | Jan 7, 2026 |
| Karl F. Kurz | Director | 2,624 | 0.00% | Jan 7, 2026 |
| Donald G. Cook | Director | 3,086 | 0.00% | Jan 7, 2026 |
| Rhys J. Best | Director | 3,299 | 0.00% | Jan 7, 2026 |
| Robert M. Roosa | Director | 3,119 | 0.00% | Jan 7, 2026 |
| Barbara J. Duganier | Director | 2,921 | 0.00% | Jan 7, 2026 |
| Eric L. Oliver | Director | 395,739 | 0.57% | Aug 22, 2025 |
| Kinetics Asset Management Llc Horizon | 10% owner | 4,548,840 | 6.59% | Sep 29, 2026 |
| Murray Stahl | – | 1,166,251 | 1.69% | Jan 8, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Kinetics Asset Management Llc Horizon 10% owner | Sep 28, 2026 | Buy | +1 | $340.12 | $340 | 3,390,856 |
| Kinetics Asset Management Llc Horizon 10% owner | Sep 25, 2026 | Buy | +1 | $339.72 | $340 | 3,390,855 |
| Kinetics Asset Management Llc Horizon 10% owner | Sep 24, 2026 | Buy | +1 | $340.28 | $340 | 3,390,854 |
| Kinetics Asset Management Llc Horizon 10% owner | Sep 23, 2026 | Buy | +1 | $352.95 | $353 | 3,390,853 |
| Kinetics Asset Management Llc Horizon 10% owner | Sep 22, 2026 | Buy | +1 | $361.36 | $361 | 3,390,852 |
| Kinetics Asset Management Llc Horizon 10% owner | Sep 21, 2026 | Buy | +1 | $348.98 | $349 | 3,390,851 |
| Kinetics Asset Management Llc Horizon 10% owner | Sep 18, 2026 | Buy | +1 | $351.34 | $351 | 3,390,850 |
| Kinetics Asset Management Llc Horizon 10% owner | Sep 17, 2026 | Buy | +1 | $349.35 | $349 | 3,390,849 |
| Kinetics Asset Management Llc Horizon 10% owner | Sep 16, 2026 | Buy | +1 | $352.36 | $352 | 3,390,848 |
| Peter Doyle Director | Sep 15, 2026 | Buy | +5 | $371.64 | $1.86K | 146,941 |
| Kinetics Asset Management Llc Horizon 10% owner | Sep 15, 2026 | Buy | +1 | $370.59 | $371 | 3,390,847 |
| Kinetics Asset Management Llc Horizon 10% owner | Sep 14, 2026 | Buy | +1 | $371.73 | $372 | 3,390,846 |
| Kinetics Asset Management Llc Horizon 10% owner | Sep 11, 2026 | Buy | +1 | $367.88 | $368 | 3,390,845 |
| Kinetics Asset Management Llc Horizon 10% owner | Sep 10, 2026 | Buy | +1 | $366.18 | $366 | 3,390,844 |
| Kinetics Asset Management Llc Horizon 10% owner | Sep 9, 2026 | Buy | +1 | $378.57 | $379 | 3,390,843 |
| Kinetics Asset Management Llc Horizon 10% owner | Sep 8, 2026 | Buy | +1 | $375.10 | $375 | 3,390,842 |
| Kinetics Asset Management Llc Horizon 10% owner | Sep 4, 2026 | Buy | +1 | $360.03 | $360 | 3,390,841 |
| Kinetics Asset Management Llc Horizon 10% owner | Sep 3, 2026 | Buy | +1 | $367.61 | $368 | 3,390,840 |
| Kinetics Asset Management Llc Horizon 10% owner | Sep 2, 2026 | Buy | +1 | $363.20 | $363 | 3,242,744 |
| Kinetics Asset Management Llc Horizon 10% owner | Sep 1, 2026 | Buy | +1 | $369.10 | $369 | 3,242,743 |
| Kinetics Asset Management Llc Horizon 10% owner | Aug 31, 2026 | Buy | +1 | $369.47 | $369 | 3,244,021 |
| Kinetics Asset Management Llc Horizon 10% owner | Aug 28, 2026 | Buy | +1 | $364.42 | $364 | 3,244,020 |
| Kinetics Asset Management Llc Horizon 10% owner | Aug 27, 2026 | Buy | +1 | $365.74 | $366 | 3,244,019 |
| Kinetics Asset Management Llc Horizon 10% owner | Aug 26, 2026 | Buy | +1 | $375.00 | $375 | 3,244,018 |
| Kinetics Asset Management Llc Horizon 10% owner | Aug 25, 2026 | Buy | +1 | $372.58 | $373 | 3,244,017 |
| Kinetics Asset Management Llc Horizon 10% owner | Aug 24, 2026 | Buy | +1 | $377.39 | $377 | 3,244,016 |
| Kinetics Asset Management Llc Horizon 10% owner | Aug 21, 2026 | Buy | +1 | $381.51 | $382 | 3,244,015 |
| Kinetics Asset Management Llc Horizon 10% owner | Aug 20, 2026 | Buy | +1 | $377.85 | $378 | 3,244,014 |
| Kinetics Asset Management Llc Horizon 10% owner | Aug 19, 2026 | Buy | +1 | $372.10 | $372 | 3,244,013 |
| Kinetics Asset Management Llc Horizon 10% owner | Aug 18, 2026 | Buy | +1 | $361.16 | $361 | 3,244,012 |
| Kinetics Asset Management Llc Horizon 10% owner | Aug 17, 2026 | Buy | +1 | $357.32 | $357 | 3,244,011 |
| Kinetics Asset Management Llc Horizon 10% owner | Aug 14, 2026 | Buy | +1 | $357.56 | $358 | 3,244,010 |
| Kinetics Asset Management Llc Horizon 10% owner | Aug 13, 2026 | Buy | +1 | $343.02 | $343 | 3,244,009 |
| Kinetics Asset Management Llc Horizon 10% owner | Aug 12, 2026 | Buy | +1 | $353.15 | $353 | 3,244,008 |
| Kinetics Asset Management Llc Horizon 10% owner | Aug 11, 2026 | Buy | +1 | $352.62 | $353 | 3,244,007 |
| Kinetics Asset Management Llc Horizon 10% owner | Aug 10, 2026 | Buy | +1 | $345.10 | $345 | 3,244,006 |
| Kinetics Asset Management Llc Horizon 10% owner | Aug 7, 2026 | Buy | +1 | $353.28 | $353 | 3,244,005 |
| Kinetics Asset Management Llc Horizon 10% owner | Aug 6, 2026 | Buy | +1 | $355.62 | $356 | 3,244,004 |
| Kinetics Asset Management Llc Horizon 10% owner | Aug 5, 2026 | Buy | +1 | $385.95 | $386 | 3,244,003 |
| Kinetics Asset Management Llc Horizon 10% owner | Aug 4, 2026 | Buy | +1 | $403.53 | $404 | 3,244,002 |
| Kinetics Asset Management Llc Horizon 10% owner | Aug 3, 2026 | Buy | +1 | $392.66 | $393 | 3,244,001 |
| Kinetics Asset Management Llc Horizon 10% owner | Jul 31, 2026 | Buy | +1 | $400.09 | $400 | 3,263,688 |
| Kinetics Asset Management Llc Horizon 10% owner | Jul 30, 2026 | Buy | +1 | $389.14 | $389 | 3,263,687 |
| Kinetics Asset Management Llc Horizon 10% owner | Jul 29, 2026 | Buy | +1 | $394.14 | $394 | 3,263,686 |
| Kinetics Asset Management Llc Horizon 10% owner | Jul 28, 2026 | Buy | +1 | $393.09 | $393 | 3,263,685 |
| Kinetics Asset Management Llc Horizon 10% owner | Jul 27, 2026 | Buy | +1 | $409.31 | $409 | 3,263,684 |
| Kinetics Asset Management Llc Horizon 10% owner | Jul 24, 2026 | Buy | +1 | $423.94 | $424 | 3,263,683 |
| Kinetics Asset Management Llc Horizon 10% owner | Jul 23, 2026 | Buy | +1 | $429.51 | $430 | 3,263,682 |
| Kinetics Asset Management Llc Horizon 10% owner | Jul 22, 2026 | Buy | +1 | $427.42 | $427 | 3,263,681 |
| Kinetics Asset Management Llc Horizon 10% owner | Jul 21, 2026 | Buy | +1 | $413.48 | $413 | 3,263,680 |
| Kinetics Asset Management Llc Horizon 10% owner | Jul 20, 2026 | Buy | +1 | $416.47 | $416 | 3,263,679 |
| Kinetics Asset Management Llc Horizon 10% owner | Jul 17, 2026 | Buy | +1 | $420.15 | $420 | 3,263,678 |
| Kinetics Asset Management Llc Horizon 10% owner | Jul 16, 2026 | Buy | +1 | $416.05 | $416 | 3,263,677 |
| Kinetics Asset Management Llc Horizon 10% owner | Jul 15, 2026 | Buy | +1 | $414.13 | $414 | 3,263,676 |
| Kinetics Asset Management Llc Horizon 10% owner | Jul 14, 2026 | Buy | +1 | $408.37 | $408 | 3,263,675 |
| Kinetics Asset Management Llc Horizon 10% owner | Jul 13, 2026 | Buy | +1 | $411.10 | $411 | 3,263,674 |
| Kinetics Asset Management Llc Horizon 10% owner | Jul 10, 2026 | Buy | +1 | $385.84 | $386 | 3,263,673 |
| Kinetics Asset Management Llc Horizon 10% owner | Jul 9, 2026 | Buy | +1 | $400.13 | $400 | 3,263,672 |
| Kinetics Asset Management Llc Horizon 10% owner | Jul 8, 2026 | Buy | +1 | $397.47 | $397 | 3,263,671 |
| Kinetics Asset Management Llc Horizon 10% owner | Jul 7, 2026 | Buy | +1 | $400.67 | $401 | 3,263,670 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Kinetics Asset Management LLC Horizon 10% Stockholder | Sep 17, 2026 | 95,318 | $33.32M | Sep 17, 2026 | Purchase |
| Kinetics Asset Management Llc Horizon 10% Stockholder | Jun 12, 2026 | 148,820 | $55.00M | Jun 15, 2026 | Purchase |
| Steddum Chris Affiliate | Jun 5, 2026 | 4,000 | $1.63M | Jun 5, 2026 | Stock award |
| Epps Donna Director | Feb 26, 2026 | 895 | $458.72K | Feb 25, 2026 | Receipt of stock portion of annual retainer for the year of board service commencing January 1, 2023. |
| Steddum Chris Affiliate | Mar 14, 2025 | 1,000 | $1.25M | Mar 12, 2025 | Stock award |
| W. Dobbs Micheal Senior VP, Secretary and GC | Mar 13, 2025 | 1,150 | $1.55M | Mar 13, 2025 | Compensation |
| E. Epps Donna Director | Feb 25, 2025 | 275 | $355.83K | Feb 25, 2025 | Receipt of stock portion of annual retainer for the year of board service commencing January 1, 2022. |