Texas Pacific Land Corp
TPL- Exchange
- NYSE
- Industry
- Oil Royalty Traders
- SEC CIK
- 0001811074
In the last 90 days, Texas Pacific Land Corp insiders filed 35 open-market purchases and 0 sales; 879 institutions reported holding it in 13F filings for Q2 2026, worth $22.0B in total; no superinvestor holds it.
Key figures
- Market capClose on Nov 10, 2026
- $18.9B
- Insider buysLast 90 days, $15.2K in total
- 35
- Insider sellsOpen market, last 90 days
- 0
- 13F holdersQ2 2026, +23 vs. previous quarter
- 879
- 13F valueReported value at the end of Q2 2026
- $22.0B
- Superinvestors holdingAt the end of Q2 2026
- 0
Price chart
Financials
See financial statementsFrom SEC filings, in USD.
- Revenue, FY2025
- $798.2M
- +13.1% year over year
- Net income, FY2025
- $481.4M
- +6.0% year over year
- Free cash flow, FY2025
- –
- No comparable prior period
- Revenue, Q3 FY2026
- $273.4M
- +34.6% year over year
Revenue flow, FY2025
Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue.
Short interest
See short dataFrom FINRA, settlement date Oct 15, 2026.
- Short interest
- 4.23M
- Shares sold short
- Change
- +6.03K
- +0.1% vs. previous
- Days to cover
- 14.95
- At average daily volume
Superinvestors holding TPL, Q2 2026
Go to the superinvestors tabNo superinvestor reported holding TPL at the end of Q2 2026.
Latest insider trades
See all insider tradesOpen-market purchases and sales by Texas Pacific Land Corp insiders from Form 4, newest first.
| Filed (ET) | Trade date | Filing delay | Insider | Transaction | Shares | Avg price | Value | Holding change | Flags |
|---|---|---|---|---|---|---|---|---|---|
| Oct 1, 2026 (view filing)3:34 PM ET | Sep 29 | 2 days | Horizon Kinetics Asset Management LLC10% Owner | PPurchase | +4 | $340.96 | +$1.36K | 0.0%3.36M after | |
| Sep 29, 2026 (view filing)1:36 PM ET | Sep 28 | 1 day | Horizon Kinetics Asset Management LLC10% Owner | PPurchase | +1 | $340.12 | +$340.12 | 0.0%3.39M after | |
| Sep 29, 2026 (view filing)9:28 AM ET | Sep 25 | 4 days | Horizon Kinetics Asset Management LLC10% Owner | PPurchase | +1 | $339.72 | +$339.72 | 0.0%3.39M after | |
| Sep 25, 2026 (view filing)11:29 AM ET | Sep 24 | 1 day | Horizon Kinetics Asset Management LLC10% Owner | PPurchase | +1 | $340.28 | +$340.28 | 0.0%3.39M after | |
| Sep 24, 2026 (view filing)10:57 AM ET | Sep 23 | 1 day | Horizon Kinetics Asset Management LLC10% Owner | PPurchase | +1 | $352.95 | +$352.95 | 0.0%3.39M after | |
| Sep 23, 2026 (view filing)11:41 AM ET | Sep 22 | 1 day | Horizon Kinetics Asset Management LLC10% Owner | PPurchase | +1 | $361.36 | +$361.36 | 0.0%3.39M after | |
| Sep 22, 2026 (view filing)9:45 AM ET | Sep 21 | 1 day | Horizon Kinetics Asset Management LLC10% Owner | PPurchase | +1 | $348.98 | +$348.98 | 0.0%3.39M after | |
| Sep 21, 2026 (view filing)12:56 PM ET | Sep 18 | 3 days | Horizon Kinetics Asset Management LLC10% Owner | PPurchase | +1 | $351.34 | +$351.34 | 0.0%3.39M after | |
| Sep 18, 2026 (view filing)11:50 AM ET | Sep 17 | 1 day | Horizon Kinetics Asset Management LLC10% Owner | PPurchase | +1 | $349.35 | +$349.35 | 0.0%3.39M after | |
| Sep 17, 2026 (view filing)4:22 PM ET | Sep 15 | 2 days | Doyle PeterDirector | PPurchase | +5 | $371.64 | +$1.86K | 0.0%146.9K after |
Top 10 13F holders, Q2 2026
See all 879 holdersThe largest institutional positions in Texas Pacific Land Corp at the end of Q2 2026; share changes are against Q1 2026.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Horizon Kinetics Asset Management LLC | 9,802,899 | $4.29B | 48.64% | −212,480−2.1% | Reduced |
| BlackRock, Inc. | 5,296,254 | $2.32B | 0.03% | −656,261−11.0% | Reduced |
| State Street Corp | 3,964,748 | $1.74B | 0.05% | +179,791+4.8% | Added |
| Vanguard Capital Management LLC | 3,808,863 | $1.67B | 0.04% | +25,178+0.7% | Added |
| Vanguard Portfolio Management LLC | 3,184,079 | $1.39B | 0.06% | +41,227+1.3% | Added |
| Geode Capital Management, LLC | 1,646,584 | $717.9M | 0.04% | +13,188+0.8% | Added |
| First Manhattan Co | 1,064,741 | $466.0M | 1.19% | +1,972+0.2% | Added |
| SoftVest Advisors, LLC | 1,062,099 | $464.8M | 73.91% | 00.0% | Unchanged |
| Morgan Stanley | 972,321 | $425.5M | 0.02% | +7,845+0.8% | Added |
| Invesco Ltd. | 715,743 | $313.2M | 0.02% | +93,568+15.0% | Added |
Holders of 5% or more of TPL
See all 5 holders and filingsHolders whose latest Schedule 13D or 13G filing reports 5% or more of Texas Pacific Land Corp.
| Holder | Latest form | Stake | Change | First filed | Latest filing | Filing |
|---|---|---|---|---|---|---|
| Horizon Kinetics Asset Management LLC | 13D/A | 14.70%10.1M shares | +0.20 ppfrom 14.50% | Jan 12, 202112 filings | May 7, 2026 | SEC |
| BlackRock, Inc. | 13G/A | 7.90%1.82M shares | – | Oct 21, 20243 filings | Feb 5, 2025 | SEC |
| Vanguard Capital Management LLC | 13G | 6.30%4.35M shares | New | Apr 30, 20261 filing | Apr 30, 2026 | SEC |
| Vanguard Portfolio Management LLC | 13G | 5.11%3.53M shares | New | Oct 30, 20261 filing | Oct 30, 2026 | SEC |
| State Street Corp | 13G | 5.10%1.17M shares | +0.10 ppfrom 5.00% | Feb 5, 20253 filings | Nov 10, 2025 | SEC |
Politician trades
All politician trades in TPL2 members of Congress reported 3 trades in Texas Pacific Land Corp since 2020. Newest filings:
| Filed | Politician | Type | Amount |
|---|---|---|---|
| Sep 12, 2025 |  Lisa C. McClain House · MI | Sell | $1K-$15K |
| Aug 13, 2025 | Lisa C. McClain House · MI | Buy | $1K-$15K |
| May 8, 2025 |  Robert P. Bresnahan, Jr. House · PA | Buy | $1K-$15K |
House · MI · Sep 12, 2025
Sell$1K-$15K
House · MI · Aug 13, 2025
Buy$1K-$15K
House · PA · May 8, 2025
Buy$1K-$15K