Horizon Kinetics Asset Management LLC Acquires Additional Shares in Texas Pacific Land Corp

On October 27, 2025, Horizon Kinetics Asset Management LLC (HKAM) acquired 1 additional share of Texas Pacific Land Corp (TPL) common stock at a price of $933.51 per share. This transaction increased HKAM's total holdings to 1,162,552 shares. HKAM is a 10% owner of TPL and holds these shares directly. The filing also references a previous amendment to HKAM's Schedule 13D from December 18, 2024, which detailed HKAM's beneficial ownership of 3,578,173 shares and Murray Stahl's direct and indirect interests in TPL shares. Mr. Stahl does not exercise investment discretion over these securities.