Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in TPL held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | HORIZON KINETICS ASSET MANAGEMENT LLC | 10.0M | $4.75B | -3.1% | 14.520% | 51.49% |
| 2 | BlackRock, Inc. | 6.0M | $2.82B | -0.0% | 8.630% | 0.05% |
| 3 | STATE STREET CORP | 3.8M | $1.80B | +5.5% | 5.487% | 0.06% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 3.8M | $1.80B | — | 5.486% | 0.04% |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | 3.1M | $1.49B | — | 4.556% | 0.08% |
| 6 | GEODE CAPITAL MANAGEMENT, LLC | 1.6M | $772.4M | -7.1% | 2.368% | 0.05% |
| 7 | SoftVest Advisors, LLC | 1.5M | $698.2M | +24.6% | 2.133% | 83.18% |
| 8 | FIRST MANHATTAN CO | 1.1M | $504.3M | +4.9% | 1.541% | 1.40% |
| 9 | MORGAN STANLEY | 964K | $457.7M | +32.5% | 1.398% | 0.03% |
| 10 | Invesco Ltd. | 622K | $295.3M | -27.3% | 0.902% | 0.05% |
| 11 | PACIFIC HEIGHTS ASSET MANAGEMENT LLC | 620K | $294.2M | 0.0% | 0.899% | 9.85% |
| 12 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 613K | $291.1M | +3.5% | 0.889% | 0.04% |
| 13 | NORTHERN TRUST CORP | 545K | $258.6M | -1.6% | 0.790% | 0.03% |
| 14 | UBS Group AG | 474K | $225.0M | +4.0% | 0.688% | 0.03% |
| 15 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 461K | $219.0M | +28.0% | 0.669% | 0.02% |
| 16 | UBS ASSET MANAGEMENT AMERICAS INC | 447K | $211.9M | +18.4% | 0.647% | 0.04% |
| 17 | DIMENSIONAL FUND ADVISORS LP | 431K | $204.5M | -3.2% | 0.625% | 0.04% |
| 18 | SCHWARTZ INVESTMENT COUNSEL INC | 411K | $195.0M | -13.5% | 0.596% | 6.93% |
| 19 | Legal & General Group Plc | 403K | $191.0M | +0.7% | 0.584% | 0.04% |
| 20 | TD ASSET MANAGEMENT INC | 379K | $179.7M | -7.8% | 0.549% | 0.15% |
| 21 | GOLDMAN SACHS GROUP INC | 374K | $177.5M | +18.6% | 0.542% | 0.02% |
| 22 | Bank of New York Mellon Corp | 357K | $169.6M | +1.3% | 0.518% | 0.03% |
| 23 | VANGUARD FIDUCIARY TRUST CO | 335K | $158.8M | — | 0.485% | 0.04% |
| 24 | Epoch Investment Partners, Inc. | 331K | $157.1M | -13.2% | 0.480% | 0.95% |
| 25 | MAD RIVER INVESTORS | 285K | $135.3M | -0.3% | 0.413% | 52.52% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in TPL — a direct measure of their conviction.
Filings activity in TPL during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 836 | +17% | 90.62% | +36.96 pp | $23.68B | +69% |
| Q4 2025 | 712 | +3.8% | 53.66% | 3.94 pp | $14.02B | 6.8% |
| Q3 2025 | 686 | 4.1% | 57.60% | 6.95 pp | $15.06B | 11% |
| Q2 2025 | 715 | 1.8% | 64.55% | 16.66 pp | $16.87B | 21% |
| Q1 2025 | 728 | +9.6% | 81.21% | 9.18 pp | $21.22B | 10% |
| Q4 2024 | 664 | +15% | 90.39% | +40.39 pp | $23.62B | +81% |
| Q3 2024 | 578 | +5.3% | 50.00% | +9.08 pp | $13.07B | +22% |
| Q2 2024 | 549 | — | 40.92% | — | $10.69B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying TPL stock.
Based on Q1 2026 13F filings, institutional ownership of Texas Pacific Land Corporation stands at 90.6%, held across 836 reporting institutions.
HORIZON KINETICS ASSET MANAGEMENT LLC is the largest reported institutional holder of TPL, with approximately 10,015,379 shares worth $4.75B as of Q1 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of TPL, including SUSQUEHANNA INTERNATIONAL GROUP, LLP.
Our composite Smart Money Score for TPL is 74 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
196 institutions opened new positions in TPL during Q1 2026, while 72 fully exited. 600 added to existing positions and 37 trimmed.
TPL institutional ownership rose by 36.96 percentage points quarter-over-quarter, with a net change of +124 holders.
The top 10 institutions account for 65.0% of all reported 13F value in TPL, and the top 25 account for 77.9%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Texas Pacific Land Corporation (TPL) Institutional Ownership