Horizon Kinetics Asset Management LLC, which is reported to own roughly ten percent of Texas Pacific Land Corp (NYSE: TPL), recorded a nominal insider purchase on February 12, 2026, acquiring one share of common stock at a price of $413.24. The disclosed price implies a total outlay of $413 for the transaction. Following that filing, Horizon Kinetics directly holds 3,479,372 shares of Texas Pacific Land Corp.
The small-sized purchase leaves Horizon Kinetics as a significant shareholder by stake percentage, and its updated direct holding is now recorded at the figure above. The filing does not provide further detail on any broader change to the firm’s position beyond the single-share acquisition.
In complementary corporate developments, Texas Pacific Land has announced a strategic partnership with Bolt Data & Energy aimed at developing large-scale data center campuses across its West Texas land holdings. Under the terms disclosed, Bolt - co-founded by former Google CEO Eric Schmidt - is set to raise $150 million in capital, while Texas Pacific Land will invest $50 million.
As part of the arrangement, Texas Pacific Land will receive an equity interest in Bolt, warrants, and a contractual right of first refusal to provide water services to projects affiliated with Bolt. The announcement frames the partnership as an effort to leverage Texas Pacific Land’s land and water rights to support data center development on its acreage.
Separately from the transaction announcements, two broker-dealer actions were reported. Texas Capital Securities reiterated a Buy rating on Texas Pacific Land with a $390.00 price target, citing potential data center developments in collaboration with Alphabet’s Google. In addition, KeyBanc has initiated coverage on Texas Pacific Land Trust with an Overweight rating and a $1,050.00 price target, highlighting the company’s substantial land and royalty interests in Texas and noting revenue streams from oil, natural gas, and water royalties among other sources.
Texas Pacific Land also confirmed a three-for-one stock split, to take effect on December 22, 2025, with a shareholder record date of December 12. The company stated the split will increase the number of outstanding shares while not changing the aggregate market value of the company.
The filings and corporate disclosures described above were presented without additional commentary or forward-looking projections in the source documents.