Major Investor Acquires Stake in Texas Landowner Worth 2 Trillion Won

According to recent U.S. Securities and Exchange Commission filings, major shareholder Horizon Kinetics Asset Management LLC has repeatedly acquired Texas Pacific Land Corporation (NYSE: TPL) common stock in the open market, increasing its direct stake to approximately 3.39 million shares following transactions on May 20, May 28 and June 3, 2026. Based on the reported per-share purchase prices of $395 to $406 and current market levels, these direct holdings are valued at roughly $1.38 billion to $1.39 billion—about KRW 2 trillion. In an amended Schedule 13D filing, Horizon Kinetics disclosed beneficial ownership in excess of 10.1 million TPL shares, underscoring its ongoing role as a long-term strategic major shareholder.

In its Q1 2026 earnings release, TPL reported record quarterly revenue and net income, and unveiled new business initiatives including a $42.5 million land transaction and a long-term water supply agreement with a power-plant developer to support data-center power infrastructure in Texas. On the same day, the company strengthened its governance and investor communications by appointing Peter Doyle to the board and announcing on-site visits for shareholders. ()

Texas Pacific Land Corporation is a publicly traded U.S. company owning extensive land, mineral rights and surface-water rights in the western Permian Basin of Texas. Its core businesses are oil and gas royalties and water services, while it is increasingly exploring opportunities in data centers and power infrastructure. Horizon Kinetics, an institutional investor that has steadily accumulated its stake since its trust days, remains one of the company’s largest shareholder groups and is frequently cited in discussions of governance and capital allocation. ()