Ranked by reported Q2 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 | 9.8M | $4.29B | -2.1% | 14.212% | 48.64% |
| 2 | BlackRock, Inc. | 5.3M | $2.32B | -11.0% | 7.679% | 0.03% |
| 3 | STATE STREET CORP | 4.0M | $1.74B | +4.8% | 5.748% | 0.03% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 3.8M | $1.67B | +0.7% | 5.522% | 0.04% |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | 3.2M | $1.39B | +1.3% | 4.616% | 0.06% |
| 6 | GEODE CAPITAL MANAGEMENT, LLC | 1.6M | $717.9M | +0.8% | 2.387% | 0.04% |
| 7 | SoftVest Advisors, LLC | 1.5M | $675.0M | +4.8% | 2.236% | 73.28% |
| 8 | FIRST MANHATTAN CO. LLC. | 1.1M | $466.0M | +0.2% | 1.544% | 1.19% |
| 9 | MORGAN STANLEY | 972K | $425.5M | +0.8% | 1.410% | 0.02% |
| 10 | Invesco Ltd. | 716K | $313.2M | +15.0% | 1.038% | 0.02% |
| 11 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 648K | $283.5M | +5.6% | 0.939% | 0.04% |
| 12 | JANE STREET GROUP, LLC | 624K | $272.9M | +118.3% | 0.904% | 0.02% |
| 13 | PACIFIC HEIGHTS ASSET MANAGEMENT LLC | 590K | $258.2M | -4.8% | 0.855% | 8.18% |
| 14 | NORTHERN TRUST CORP | 541K | $236.6M | -0.8% | 0.784% | 0.03% |
| 15 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 501K | $219.3M | +8.6% | 0.727% | 0.02% |
| 16 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME | 477K | $208.9M | +6.9% | 0.692% | 0.04% |
| 17 | CITADEL ADVISORS LLC | 468K | $204.7M | +77.1% | 0.678% | 0.01% |
| 18 | UBS Group AG | 450K | $196.9M | -5.1% | 0.652% | 0.03% |
| 19 | DIMENSIONAL FUND ADVISORS LP | 443K | $193.8M | +2.8% | 0.642% | 0.04% |
| 20 | SCHWARTZ INVESTMENT COUNSEL INC | 413K | $180.9M | +0.6% | 0.599% | 6.00% |
| 21 | Legal & General Group Plc | 350K | $153.4M | -13.0% | 0.508% | 0.03% |
| 22 | Bank of New York Mellon Corp | 341K | $149.1M | -4.7% | 0.494% | 0.02% |
| 23 | VANGUARD FIDUCIARY TRUST CO | 334K | $146.1M | -0.2% | 0.484% | 0.03% |
| 24 | GOLDMAN SACHS GROUP INC | 319K | $139.4M | -14.8% | 0.462% | 0.01% |
| 25 | TD ASSET MANAGEMENT INC | 304K | $133.0M | -19.7% | 0.441% | 0.12% |
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 Q2 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 |
|---|---|---|---|---|---|---|
| Q2 2026 | 873 | +1.7% | 78.57% | +1.03 pp | $22.40B | 6.6% |
| Q1 2026 | 858 | +20% | 77.54% | +5.63 pp | $23.99B | +71% |
| Q4 2025 | 717 | +3.9% | 71.91% | +1.62 pp | $14.06B | 6.8% |
| Q3 2025 | 690 | 3.5% | 70.29% | +0.84 pp | $15.09B | 11% |
| Q2 2025 | 715 | 1.8% | 69.45% | 0.22 pp | $16.87B | 21% |
| Q1 2025 | 728 | +9.6% | 69.67% | 23.23 pp | $21.22B | 10% |
| Q4 2024 | 664 | +15% | 92.90% | +28.66 pp | $23.62B | +81% |
| Q3 2024 | 578 | — | 64.24% | — | $13.07B | — |
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 Q2 2026 13F filings, institutional ownership of Texas Pacific Land Corporation stands at 78.6%, held across 873 reporting institutions.
HORIZON KINETICS ASSET MANAGEMENT LLC is the largest reported institutional holder of TPL, with approximately 9,802,899 shares worth $4.29B as of Q2 2026.
Yes — 3 widely-followed marquee investors appear among the top 25 institutional holders of TPL, including JANE STREET GROUP, LLC, SUSQUEHANNA INTERNATIONAL GROUP, LLP, CITADEL ADVISORS LLC.
Our composite Smart Money Score for TPL is 72 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
83 institutions opened new positions in TPL during Q2 2026, while 69 fully exited. 199 added to existing positions and 568 trimmed.
TPL institutional ownership rose by 1.03 percentage points quarter-over-quarter, with a net change of +15 holders.
The top 10 institutions account for 62.5% of all reported 13F value in TPL, and the top 25 account for 75.8%.
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