Monitor for actual sales via subsequent Form 4 filings to gauge whether HKAM is reducing its position meaningfully. The stated client-directed nature limits the signal value of this notice.
Price Chart
Executive Summary
Horizon Kinetics Asset Management LLC, a 10% stockholder of Texas Pacific Land Corp, filed a Form 144 notice of intent to sell up to 95,318 shares of common stock across multiple brokers on September 17, 2026. The filing is a routine administrative step by an investment advisor executing client-directed sales and does not reflect a discretionary insider decision to reduce a personal position.
Key Facts
- Horizon Kinetics Asset Management LLC, a 10% stockholder, filed Form 144 to sell up to 95,318 shares of TPL common stock.
- Sales are to be executed through multiple brokers including ITGI Virtu, Piper Sandler & Co, and Fidelity Brokerage Services.
- The filing states HKAM has no intention of making discretionary sales and is acting on client direction and regulatory limitations.
- The shares proposed for sale represent a small fraction of HKAM's total holdings; the filing covers shares acquired between 2009 and 2025 via open-market purchases.
- The filing date is September 17, 2026, with the proposed sale date also listed as September 17, 2026.
Financial Impact
Up to 95,318 shares proposed for sale; approximate market value at filing date not calculable from filing data alone.
Risk Factors
- If actual sales exceed the stated amount or are followed by additional 144 filings, it could signal a broader reduction by a major holder.
- The 10% stockholder status means any material reduction could be perceived negatively by the market.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001437749-26-030608 |
| Document: 0001437749-26-030608-index.html | 0001437749-26-030608 |
| Document: 0001437749-26-030608.txt | 0001437749-26-030608 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | DEFA14A | $333.46 | awaiting T+60 | — | $330.43 (−0.91%) |
Oct 16, 2026 10d ago | Institutional Cluster | $344.61 | awaiting T+60 | — | $330.43 (−4.11%) |
Oct 8, 2026 19d ago | DEFA14A | $360.98 | awaiting T+60 | — | $330.43 (−8.46%) |
Sep 25, 2026 4w ago | 8-K | $338.15 | awaiting T+60 | — | $330.43 (−2.28%) |
Sep 25, 2026 4w ago | DEFA14A | $338.15 | awaiting T+60 | — | $330.43 (−2.28%) |
Sep 25, 2026 4w ago | DEFA14A | $338.15 | awaiting T+60 | — | $330.43 (−2.28%) |
Sep 25, 2026 4w ago | DEF 14A | $338.15 | awaiting T+60 | — | $330.43 (−2.28%) |
Sep 17, 2026 5w ago | 144 | $347.20 | awaiting T+60 | — | $330.43 (−4.83%) |
Jun 23, 2026 18w ago | 8-K | $377.56 $347.20 | ▼ −8.04% | ▼ −10.88% | $330.43 (−12.48%) |
Jun 18, 2026 18w ago | Insider Cluster | $355.11 $365.27 | ▲ +2.86% | ▲ +0.97% | $330.43 (−6.95%) |
US Market Status
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