Monitor for any future amendments that show a material increase or decrease in Vanguard's aggregate TPL position across its entities. The passive nature of this filing suggests no imminent activist activity, but continued accumulation by Vanguard entities could signal incremental conviction in the royalty business model.
Price Chart
Executive Summary
Vanguard Portfolio Management LLC disclosed a 5.11% passive stake in Texas Pacific Land Corp as of September 30, 2026, holding 3,530,140 shares. This is a new SC 13G filing by this Vanguard entity, though other Vanguard affiliates have previously filed 13Gs for TPL. The filing certifies passive intent with no control-related purpose.
Key Financial Metrics
Key Facts
- Vanguard Portfolio Management LLC filed a new SC 13G disclosing beneficial ownership of 3,530,140 shares of Texas Pacific Land Corp common stock.
- The stake represents 5.11% of shares outstanding as of September 30, 2026.
- The filing certifies passive investment intent under Rule 13d-1(b), with no purpose of changing or influencing control.
- Vanguard Portfolio Management LLC is a Pennsylvania-based investment adviser, part of the Vanguard group of entities.
- Prior SC 13G filings for TPL were made by Vanguard Capital Management LLC (April 2026) and Vanguard Group Inc (March 2026), indicating ongoing Vanguard ownership across related entities.
Financial Impact
Stake valued at approximately $1.17 billion based on $22.9B market cap and 5.11% ownership.
Risk Factors
- Passive filing; no indication of activist intent or catalyst for change.
- Multiple Vanguard entities filing separately may obscure total Vanguard group ownership; aggregate position may exceed 5.11% if other Vanguard affiliates hold additional shares not reported here.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0002100121-26-001131 |
| Document: 0002100121-26-001131-index.html | 0002100121-26-001131 |
| Document: 0002100121-26-001131.txt | 0002100121-26-001131 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | SC 13G | $326.15 | awaiting T+60 | awaiting T+60 | $331.68 (+1.70%) |
Oct 23, 2026 9d ago | DEFA14A | $333.46 | awaiting T+60 | awaiting T+60 | $331.68 (−0.53%) |
Oct 16, 2026 16d ago | Institutional Cluster | $344.61 | awaiting T+60 | awaiting T+60 | $331.68 (−3.75%) |
Oct 8, 2026 24d ago | DEFA14A | $360.98 | awaiting T+60 | awaiting T+60 | $331.68 (−8.12%) |
Sep 25, 2026 5w ago | 8-K | $338.15 | awaiting T+60 | awaiting T+60 | $331.68 (−1.91%) |
Sep 25, 2026 5w ago | DEFA14A | $338.15 | awaiting T+60 | awaiting T+60 | $331.68 (−1.91%) |
Sep 25, 2026 5w ago | DEFA14A | $338.15 | awaiting T+60 | awaiting T+60 | $331.68 (−1.91%) |
Sep 25, 2026 5w ago | DEF 14A | $338.15 | awaiting T+60 | awaiting T+60 | $331.68 (−1.91%) |
Sep 17, 2026 6w ago | 144 | $347.20 | awaiting T+60 | awaiting T+60 | $331.68 (−4.47%) |
Jun 23, 2026 18w ago | 8-K | $377.56 $347.20 | ▼ −8.04% | ▼ −10.88% | $331.68 (−12.15%) |
US Market Status
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