TPL Texas Pacific Land Corporation Common Stock

NYSE · Energy · View on SEC EDGAR ↗
$374.98
Price · Aug 19, 2026
Fundamentals as of Aug 5, 2026
52W Range
$269–$547
38% of range
Analyst Rating
BUY
8 analysts
Price Target
$444
+18% upside
P/E (TTM)
53.8
ROE
35.0%
Net Profit Margin
60.3%

TPL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$374.98
Market Cap
$25.85B
P/E (TTM)
53.8
EPS (TTM)
$6.97
Revenue (TTM)
$798M
Div Yield
0.57%
ROE
35.0%
Debt/Equity
—
52W Range
$269 – $547

TPL Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $798M
8-point trend, +165.9%
2018-12-31 → 2025-12-31
EPS $6.97
7-point trend, -83.0%
2019-12-31 → 2025-12-31
Free Cash Flow —
3-point trend, +112.0%
2020-12-31 → 2022-12-31
Margins 60.3%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
TPL
Peer Median
P/E (TTM)
5-point trend, +934.3%
53.8
18.5
P/S (TTM)
5-point trend, +940.9%
32.4
3.1
P/B
5-point trend, +723.1%
17.7
1.4

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
TPL
Peer Median
Operating Margin
5-point trend, -7.7%
74.2%
—
Net Profit Margin
5-point trend, +0.7%
60.3%
15.9%
ROA
5-point trend, -17.1%
33.5%
6.6%
ROE
5-point trend, -18.7%
35.0%
14.4%
ROIC
5-point trend, -22.6%
32.0%
—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
TPL
Peer Median
Current Ratio
5-point trend, -57.5%
4.4
1.0
Quick Ratio
5-point trend, -76.3%
2.0
—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
TPL
Peer Median
Revenue YoY
5-point trend, +77.0%
13.1%
—
Revenue CAGR 3Y
5-point trend, +77.0%
6.2%
—
Revenue CAGR 5Y
5-point trend, +77.0%
21.4%
—
EPS YoY
5-point trend, -80.0%
6.1%
—
Net Income YoY
5-point trend, +78.3%
6.0%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
TPL
Peer Median
EPS (Diluted)
5-point trend, -80.0%
$6.97
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
TPL
Peer Median
Payout Ratio
5-point trend, -2.8%
30.7%
—

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
0.57%
Payout Ratio
30.7%
5Y Div CAGR
—
Ex-dateAmount
June 1, 2026$0.6000
March 2, 2026$0.6000
Dec. 1, 2025$0.5333
Sept. 2, 2025$0.5333
June 2, 2025$0.5333
March 3, 2025$0.5333
Dec. 2, 2024$0.5333
Sept. 3, 2024$0.3900
July 1, 2024$3.3333
June 3, 2024$0.3900
Feb. 29, 2024$0.3889
Nov. 30, 2023$0.3611
Aug. 31, 2023$0.3611
June 7, 2023$0.3611
March 7, 2023$0.3611
Dec. 7, 2022$0.3333
Sept. 7, 2022$0.3333
June 7, 2022$2.5556
March 7, 2022$0.3333
Dec. 7, 2021$0.3056

TPL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 8 analysts
  • Strong Buy 2 25.0%
  • Buy 4 50.0%
  • Hold 1 12.5%
  • Sell 0 0.0%
  • Strong Sell 1 12.5%

12-Month Price Target

2 analysts · 2026-08-13
Median target $443.50 +18.3%
Mean target $443.50 +18.3%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-4.4%
Period EPS Actual EPS Est Surprise
June 30, 2026 $2.23 $2.21 0.02%
March 31, 2026 $2.07 $2.04 0.03%
Dec. 31, 2025 $1.80 $1.75 0.05%
Sept. 30, 2025 $1.76 $1.94 -0.19%
June 30, 2025 $5.05 $18.51 -13.5%
March 31, 2025 $5.24 $17.84 -12.6%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
TPL $19.80B 41.2 13.1% 60.3% 35.0% —
FANG $42.78B 26.2 35.8% 11.1% 4.5% —
DVN — 8.8 7.8% — — —
EQT $33.45B 16.2 63.9% 23.6% 9.2% —
VG — 7.9 176.9% 19.9% 56.7% —
EXE $26.40B 14.6 186.3% 15.0% 10.0% —
PR $10.55B 11.0 1.3% 18.5% 9.6% —
OVV $9.93B 8.2 -2.7% 13.9% 11.5% —
VNOM — -80.5 62.0% -4.9% -2.2% —
COP — 14.7 7.7% 13.6% 12.3% —

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 13
Annual Income Statement data for TPL
Metric Trend 2025202420232022202120202019
Revenue 7-point trend, +62.7% $798M $706M $632M $667M $451M $303M $490M
SG&A Expense 7-point trend, +149.3% $24M $34M $46M $22M $12M $10M $10M
Operating Expenses 7-point trend, +126.6% $206M $167M $146M $105M $89M $85M $91M
Operating Income 7-point trend, +48.2% $592M $539M $486M $562M $362M $217M $400M
Other Non-op 7-point trend, -99.4% $15.0K $2M $2M $-22.0K $433.0K $2M $3M
Pretax Income 7-point trend, +51.7% $610M $579M $518M $569M $363M $220M $402M
Income Tax 7-point trend, +54.4% $129M $125M $112M $122M $93M $44M $84M
Net Income 7-point trend, +51.0% $481M $454M $406M $446M $270M $176M $319M
EPS (Basic) 7-point trend, -83.0% $6.98 $6.58 $5.87 $19.27 $34.83 $22.70 $41.09
EPS (Diluted) 7-point trend, -83.0% $6.97 $6.57 $5.86 $19.26 $34.83 $22.70 $41.09
Shares (Basic) 7-point trend, +788.9% 68,949,240 68,958,591 69,132,915 23,165,871 7,752,027 7,756,156 7,756,437
Shares (Diluted) 7-point trend, +789.9% 69,027,492 69,059,252 69,179,535 23,180,427 7,752,054 7,756,156 7,756,437
EBITDA 6-point trend, +182.6% $655M $564M $501M $578M $379M $232M ·
Balance Sheet 22
Annual Balance Sheet data for TPL
Metric Trend 2025202420232022202120202019
Cash & Equivalents 7-point trend, -52.3% $145M $370M $725M $511M $428M $281M $304M
Receivables $165M · · · · · ·
Prepaid Expense 6-point trend, +310.5% $5M $5M $3M $7M $3M $1M ·
Current Assets 6-point trend, -4.0% $319M $503M $862M $633M $527M $333M ·
PP&E (Net) 7-point trend, +86.3% $165M $123M $90M $85M $80M $79M $88M
PP&E (Gross) 7-point trend, +132.2% $231M $178M $147M $135M $118M $104M $100M
Accum. Depreciation 7-point trend, +490.5% $67M $56M $57M $50M $39M $25M $11M
Intangibles 4-point trend, +32846000.00 $33M $35M $21M $0 · · ·
Total Assets 7-point trend, +171.4% $1.62B $1.25B $1.16B $877M $764M $572M $598M
Accounts Payable 7-point trend, +106.2% $40M $27M $23M $23M $18M $13M $19M
Current Liabilities 6-point trend, +239.7% $73M $47M $44M $40M $51M $21M ·
Capital Leases 6-point trend, +698.4% $16M $453.0K $1M $2M $1M $2M ·
Deferred Tax 7-point trend, +32.5% $54M $47M $42M $41M $39M $39M $41M
Total Liabilities 7-point trend, +91.0% $164M $116M $113M $105M $112M $86M $86M
Common Stock 7-point trend, +691000.00 $691.0K $231.0K $78.0K $78.0K $78.0K $0 $0
Paid-in Capital 6-point trend, +9906000.00 $10M $20M $15M $8M $28.0K $0 ·
Retained Earnings 6-point trend, +227.0% $1.60B $1.28B $1.17B $866M $668M $488M ·
Treasury Stock 6-point trend, +151242000.00 $151M $169M $145M $104M $15M $0 ·
AOCI 7-point trend, +384.1% $4M $4M $2M $3M $-1M $-3M $-1M
Stockholders' Equity 7-point trend, +184.9% $1.46B $1.13B $1.04B $773M $652M $485M $512M
Liabilities + Equity 7-point trend, +171.4% $1.62B $1.25B $1.16B $877M $764M $572M $598M
Shares Outstanding 7-point trend, +788.8% 68,938,230 68,915,409 69,023,043 69,261,111 23,234,085 7,756,156 7,756,156
Cash Flow 15
Annual Cash Flow data for TPL
Metric Trend 2025202420232022202120202019
D&A 7-point trend, +602.1% $63M $25M $15M $15M $16M $14M $9M
Stock-based Comp 7-point trend, +15131000.00 $15M $12M $10M $8M $28.0K $0 $0
Deferred Tax 7-point trend, -74.8% $7M $5M $1M $1M $-228.0K $-2M $26M
Amort. of Intangibles 4-point trend, +2300000.00 $2M $2M $400.0K $0 · · ·
Other Non-cash 6-point trend, -203.7% $-20M $-6M $-14M $-24M $-21M $19M ·
Operating Cash Flow 7-point trend, +59.3% $546M $491M $418M $447M $265M $207M $343M
CapEx 4-point trend, -41.1% · · · $19M $16M $5M $32M
Investing Cash Flow 7-point trend, -433.5% $-596M $-472M $-60M $-21M $-15M $-26M $-112M
Stock Repurchased 7-point trend, +92.5% $8M $29M $43M $88M $20M $0 $4M
Net Stock Activity 5-point trend, -8380000.00 $-8M $-29M $-43M $-88M · $0 ·
Dividends Paid 7-point trend, +217.5% $148M $347M $100M $247M $85M $202M $47M
Financing Cash Flow 7-point trend, -245.9% $-176M $-378M $-145M $-337M $-105M $-202M $-51M
Net Change in Cash 7-point trend, -225.4% $-226M $-359M $213M $89M $145M $-21M $180M
Taxes Paid 7-point trend, +185.7% $127M $121M $104M $152M $68M $47M $44M
Free Cash Flow 3-point trend, +112.0% · · · $428M $249M $202M ·
Profitability 7
Annual Profitability data for TPL
Metric Trend 2025202420232022202120202019
Operating Margin 6-point trend, +3.3% 74.2% 76.4% 77.0% 84.2% 80.4% 71.8% ·
Net Margin 6-point trend, +3.6% 60.3% 64.3% 64.2% 66.9% 59.9% 58.2% ·
Pretax Margin 6-point trend, +5.3% 76.5% 82.0% 82.0% 85.2% 80.5% 72.6% ·
EBITDA Margin 6-point trend, +7.1% 82.0% 80.0% 79.3% 86.6% 84.0% 76.6% ·
ROA 6-point trend, +11.4% 33.5% 37.8% 39.9% 54.4% 40.4% 30.1% ·
ROE 6-point trend, -0.1% 35.0% 41.6% 40.4% 59.8% 43.1% 35.1% ·
ROIC 6-point trend, -10.8% 32.0% 37.3% 36.5% 57.1% 41.4% 35.9% ·
Liquidity & Solvency 2
Annual Liquidity & Solvency data for TPL
Metric Trend 2025202420232022202120202019
Current Ratio 5-point trend, -57.5% 4.4 10.8 19.4 16.0 10.3 · ·
Quick Ratio 5-point trend, -76.3% 2.0 7.9 16.3 12.9 8.4 · ·
Efficiency 1
Annual Efficiency data for TPL
Metric Trend 2025202420232022202120202019
Asset Turnover 6-point trend, +7.5% 0.6 0.6 0.6 0.8 0.7 0.5 ·
Per Share 7
Annual Per Share data for TPL
Metric Trend 2025202420232022202120202019
Book Value / Share 6-point trend, -66.2% $21.16 $49.30 $136.02 $100.43 $84.15 $62.55 ·
Revenue / Share 6-point trend, -70.4% $11.56 $30.66 $82.17 $86.38 $58.17 $39.01 ·
Cash Flow / Share 6-point trend, -70.4% $7.91 $21.32 $54.42 $57.87 $34.21 $26.69 ·
Cash / Share 6-point trend, -94.2% $2.10 $16.10 $94.56 $66.38 $55.29 $36.24 ·
Dividend / Share · · $4 · · · ·
Dividend Paid / Share 5-point trend, +21.7% $2 · $1 · $11 $10 $2
EPS (TTM) 6-point trend, -69.3% $6.97 $6.57 $5.86 $19.26 $34.83 $22.70 ·
Growth Rates 10
Annual Growth Rates data for TPL
Metric Trend 2025202420232022202120202019
Revenue YoY 5-point trend, -73.3% 13.1% 11.8% -5.4% 48.0% 49.0% · ·
Revenue CAGR 3Y 3-point trend, -77.9% 6.2% 16.1% 27.8% · · · ·
Revenue CAGR 5Y 21.4% · · · · · ·
EPS YoY 5-point trend, -88.6% 6.1% 12.1% -69.6% -44.7% 53.4% · ·
EPS CAGR 3Y 3-point trend, +20.9% -28.7% -42.6% -36.3% · · · ·
EPS CAGR 5Y -21.0% · · · · · ·
Net Income YoY 5-point trend, -88.7% 6.0% 11.9% -9.1% 65.3% 53.4% · ·
Net Income CAGR 3Y 3-point trend, -92.1% 2.5% 18.9% 32.1% · · · ·
Net Income CAGR 5Y 22.3% · · · · · ·
Dividend CAGR 5Y -6.0% · · · · · ·
Valuation (TTM) 13
Annual Valuation (TTM) data for TPL
Metric Trend 2025202420232022202120202019
Revenue TTM 6-point trend, +163.8% $798M $706M $632M $667M $451M $303M ·
Net Income TTM 6-point trend, +173.4% $481M $454M $406M $446M $270M $176M ·
Market Cap 6-point trend, +3060.4% $19.80B $8.47B $1.34B $2.00B $1.07B $627M ·
P/E 6-point trend, +1058.0% 41.2 56.1 29.8 13.5 4.0 3.6 ·
P/S 6-point trend, +1098.0% 24.8 12.0 2.1 3.0 2.4 2.1 ·
P/B 6-point trend, +951.0% 13.6 7.5 1.3 2.6 1.6 1.3 ·
P / Tangible Book 6-point trend, +975.2% 13.9 7.7 1.3 2.6 1.6 1.3 ·
P / Cash Flow 6-point trend, +1098.5% 36.3 17.3 3.2 4.5 4.1 3.0 ·
P / FCF 3-point trend, +50.9% · · · 4.7 4.3 3.1 ·
Dividend Yield 6-point trend, -97.7% 0.75% 4.1% 7.5% 12.3% 7.9% 32.2% ·
Earnings Yield 6-point trend, -91.4% 2.4% 1.8% 3.4% 7.4% 25.1% 28.1% ·
Payout Ratio 6-point trend, -73.2% 30.7% 76.5% 24.6% 55.4% 31.6% 114.5% ·
Annual Payout 6-point trend, -26.7% $148M $347M $100M $247M $85M $202M ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $798M$706M$632M$667M$451M
Operating Margin % 74.2%76.4%77.0%84.2%80.4%
Net Income $481M$454M$406M$446M$270M
Diluted EPS $6.97$6.57$5.86$19.26$34.83
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Current Ratio 4.410.819.416.010.3
Quick Ratio 2.07.916.312.98.4
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow ———$428M$249M

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Institutional owners (13F) 937 filers · $17.4B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
94 (-112 vs prior Q) 67 (+23 vs prior Q) 345 (+70 vs prior Q) 269 (+10 vs prior Q) +8.3M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
HORIZON KINETICS ASSET MANAGEMENT LLC $4,290,140,539 9,802,899 24.63% Shares
STATE STREET CORP $1,735,132,315 3,964,748 9.96% Shares
VANGUARD CAPITAL MANAGEMENT LLC $1,666,910,803 3,808,863 9.57% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $1,393,480,334 3,184,079 8.00% Shares
GEODE CAPITAL MANAGEMENT, LLC $637,135,141 1,461,954 3.66% Shares
FIRST MANHATTAN CO. LLC. $465,973,064 1,064,741 2.68% Shares
SoftVest Advisors, LLC $464,817,006 1,062,099 2.67% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $283,504,505 647,803 1.63% Shares
Pacific Heights Asset Management LLC $258,207,600 590,000 1.48% Shares
SoftVest Advisors, LLC $210,154,728 480,200 1.21% Put option
JANE STREET GROUP, LLC $186,609,696 426,400 1.07% Call option
SCHWARTZ INVESTMENT COUNSEL INC $180,945,321 413,457 1.04% Shares
DIMENSIONAL FUND ADVISORS LP $165,260,000 377,616 0.95% Shares
VANGUARD FIDUCIARY TRUST CO $146,094,298 333,823 0.84% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $144,464,964 330,100 0.83% Call option
TD Asset Management Inc $133,002,297 303,908 0.76% Shares
CITADEL ADVISORS LLC $128,053,464 292,600 0.74% Call option
MAD RIVER INVESTORS $124,871,767 285,330 0.72% Shares
Epoch Investment Partners, Inc. $120,204,391 274,665 0.69% Shares
York GP, Ltd. $117,550,104 268,600 0.67% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $112,590,309 237,252 0.65% Shares
FIRST TRUST ADVISORS LP $106,782,425 243,996 0.61% Shares
VANGUARD GROUP INC $95,818,603 333,607 0.55% Shares
Focus Partners Wealth $82,288,994 188,029 0.47% Shares
Moors & Cabot, Inc. $75,454,915 172,413 0.43% Shares
Swiss National Bank $72,321,323 165,253 0.42% Shares
MSRH, LLC $70,926,788 149,458 0.41% Shares
MORGAN STANLEY $68,822,444 157,258 0.40% Shares
UBS Group AG $67,603,564 154,473 0.39% Shares
EagleClaw Capital Managment, LLC $67,234,196 153,629 0.39% Shares
BANK OF AMERICA CORP /DE/ $66,456,947 151,853 0.38% Shares
BlackRock, Inc. $61,958,008 141,573 0.36% Shares
BNP PARIBAS FINANCIAL MARKETS $61,838,970 141,301 0.36% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $61,607,020 140,771 0.35% Shares
JANE STREET GROUP, LLC $61,007,016 139,400 0.35% Put option
SUSQUEHANNA INTERNATIONAL GROUP, LLP $60,438,084 138,100 0.35% Put option
AMERICAN CENTURY COMPANIES INC $59,270,898 135,433 0.34% Shares
CITADEL ADVISORS LLC $58,659,515 134,036 0.34% Shares
California Public Employees Retirement System $55,975,031 127,902 0.32% Shares
CWA Asset Management Group, LLC $55,854,562 127,627 0.32% Shares
Sumitomo Mitsui Trust Group, Inc. $54,958,394 125,579 0.32% Shares
Vanguard Global Advisers, LLC $54,660,361 124,898 0.31% Shares
Legal & General Group Plc $53,208,707 121,581 0.31% Shares
RHUMBLINE ADVISERS $52,859,794 120,784 0.30% Shares
Walleye Trading LLC $52,210,452 119,300 0.30% Call option
LAWSON KROEKER INVESTMENT MANAGEMENT INC/NE $48,190,291 110,114 0.28% Shares
VANGUARD ASSET MANAGEMENT, Ltd $45,831,849 104,725 0.26% Shares
HighTower Advisors, LLC $44,269,959 101,156 0.25% Shares
Hodges Capital Management Inc. $44,254,457 101,121 0.25% Shares
Champlain Investment Partners, LLC $43,588,944 99,600 0.25% Shares
Lagoda Investment Management, L.P. $37,475,551 85,631 0.22% Shares
RAYMOND JAMES FINANCIAL INC $36,093,800 82,474 0.21% Shares
Annex Advisory Services, LLC $35,611,058 75,040 0.20% Shares
TOCQUEVILLE ASSET MANAGEMENT L.P. $35,502,670 81,123 0.20% Shares
NEUBERGER BERMAN GROUP LLC $34,090,244 77,896 0.20% Shares
One Charles Private Wealth Services, LLC $30,940,234 70,698 0.18% Shares
PRINCIPAL FINANCIAL GROUP INC $30,901,323 70,609 0.18% Shares
PEAK6 LLC $29,759,520 68,000 0.17% Call option
GOLDMAN SACHS GROUP INC $28,066,291 64,131 0.16% Shares
Fernwood Investment Management, LLC $27,104,673 24,508 0.16% Shares
LPL Financial LLC $26,605,548 60,793 0.15% Shares
RWA WEALTH PARTNERS, LLC $26,148,328 59,748 0.15% Shares
Congress Wealth Management LLC / DE / $25,827,085 24,448 0.15% Shares
First Dallas Securities Inc. $25,004,375 57,135 0.14% Shares
ALLIANCEBERNSTEIN L.P. $24,911,553 52,494 0.14% Shares
BLI - Banque de Luxembourg Investments $24,334,183 57,800 0.14% Shares
US BANCORP \DE\ $24,224,687 55,353 0.14% Shares
AVIVA PLC $23,652,254 54,045 0.14% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $23,459,692 53,605 0.13% Shares
D. E. Shaw & Co., Inc. $21,969,528 50,200 0.13% Call option
HOWLAND CAPITAL MANAGEMENT LLC $21,776,967 49,760 0.13% Shares
COMMONWEALTH EQUITY SERVICES, LLC $21,773,444 49,752 0.12% Shares
BARCLAYS PLC $21,258,800 48,576 0.12% Shares
CRAWFORD INVESTMENT COUNSEL INC $21,205,078 48,453 0.12% Shares
Aberdeen Group plc $21,001,031 47,987 0.12% Shares
SAPIENT CAPITAL LLC $20,982,855 47,945 0.12% Shares
Essex Financial Services, Inc. $20,735,025 47,379 0.12% Shares
MGO ONE SEVEN LLC $19,985,171 45,666 0.11% Shares
WELLS FARGO & COMPANY/MN $19,872,662 45,409 0.11% Shares
SPROTT INC. $18,930,845 43,257 0.11% Shares
TUDOR INVESTMENT CORP ET AL $18,875,413 43,130 0.11% Shares
NewEdge Advisors, LLC $17,901,141 40,904 0.10% Shares
Atlas Wealth Partners, LLC $17,435,688 39,840 0.10% Shares
CITADEL ADVISORS LLC $17,286,780 39,500 0.10% Put option
Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. $17,225,073 39,359 0.10% Shares
Quantinno Capital Management LP $16,632,504 38,004 0.10% Shares
Lido Advisors, LLC $15,777,824 36,051 0.09% Shares
Gotham Asset Management, LLC $15,723,092 35,927 0.09% Shares
Mariner, LLC $15,530,156 35,488 0.09% Shares
BAR HARBOR WEALTH MANAGEMENT $15,438,626 35,277 0.09% Shares
Hosking Partners LLP $15,203,176 34,739 0.09% Shares
Fielder Capital Group LLC $15,121,862 34,553 0.09% Shares
STATE OF WISCONSIN INVESTMENT BOARD $14,985,669 34,242 0.09% Shares
Summit Street Capital Management, LLC $14,843,873 33,918 0.09% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $14,663,904 30,900 0.08% Shares
Bulldog Investors, LLP $14,442,120 33,000 0.08% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $14,421,551 32,953 0.08% Shares
American Money Management, LLC $14,314,736 32,709 0.08% Shares
Walleye Trading LLC $14,135,772 32,300 0.08% Put option
PKS Advisory Services, LLC $13,628,759 31,141 0.08% Shares

Company insiders 17 insiders · 4 officers · 13 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Tyler Glover President & CEO Feb. 13, 2024 A 1,623 0 0 $0
Chris Steddum Chief Financial Officer June 8, 2026 S 12,040 0 3 $-1,601,063
Stephanie Buffington Chief Accounting Officer Sept. 1, 2025 M 950 0 1 $-150,093
Micheal W. Dobbs Senior VP, Secretary and GC March 13, 2025 S 1,393 0 0 $0
Peter Doyle Director June 15, 2026 P 146,936 1 0 $1,528
Donna E Epps Director Feb. 25, 2026 P 2,921 1 1 $331
Robert M. Roosa Director Jan. 5, 2026 A 1,769 0 0 $0
Barbara J Duganier Director Jan. 5, 2026 A 2,921 0 0 $0
Marguerite Woung-Chapman Director Jan. 5, 2026 A 1,769 0 0 $0
Donald G Cook Director Jan. 5, 2026 A 3,086 0 0 $0
Karl F Kurz Director Jan. 5, 2026 A 2,624 0 0 $0
Rhys J Best Director Jan. 5, 2026 A 3,299 0 0 $0
Eric L. Oliver Director Aug. 21, 2025 P 393,600 1 0 $88,127
David E. Barry Director Jan. 1, 2023 A 442 0 0 $0
John R Norris III Director Jan. 1, 2023 A 1,139 0 0 $0
Dana F. Mcginnis Director March 7, 2022 S 1,085 0 0 $0
HORIZON KINETICS ASSET MANAGEMENT LLC 10% owner Aug. 17, 2026 P 3,244,011 48 0 $18,675

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 2 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
HORIZON KINETICS ASSET MANAGEMENT LLC, Horizon Kinetics Holding Corp ×12 filings May 7, 2026 14.70% Amendment Passive investment SEC
Bulldog Investors, LLP, Phillip Goldstein, Andrew Dakos Jan. 22, 2024 — Initial filing — SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 152 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
RNTY · Tidal Trust II 4.98% 572 NS April 30, 2026 N-PORT
RSPG · Invesco Exchange-Traded Fund Trust 4.18% 69,126 SH Aug. 8, 2026 Daily
IEO · iShares Trust 3.55% 54,364 SH Aug. 8, 2026 Daily
FXN · First Trust Exchange-Traded AlphaDE… 2.33% 63,707 NS April 30, 2026 N-PORT
COWG · Pacer Funds Trust 1.83% 89,686 NS April 30, 2026 N-PORT
GUSH · Direxion Shares ETF Trust 1.45% 9,725 NS April 30, 2026 N-PORT
GXPE · Global X Funds 1.10% 55 NS May 31, 2026 N-PORT
FENY · FIDELITY COVINGTON TRUST 1.04% 47,297 NS April 30, 2026 N-PORT
VDE · VANGUARD WORLD FUND 0.98% 247,846 SH Aug. 8, 2026 Daily
ERX · Direxion Shares ETF Trust 0.95% 5,930 NS April 30, 2026 N-PORT
IYE · iShares Trust 0.94% 45,078 SH Aug. 8, 2026 Daily
DIG · ProShares Trust 0.86% 1,640 NS May 31, 2026 N-PORT
IWP · iShares Trust 0.60% 340,193 SH Aug. 8, 2026 Daily
IXC · iShares Trust 0.58% 43,284 SH Aug. 8, 2026 Daily
IGE · iShares Trust 0.55% 11,506 SH Aug. 8, 2026 Daily
HIBL · Direxion Shares ETF Trust 0.53% 934 NS April 30, 2026 N-PORT
LQAI · Exchange Listed Funds Trust 0.53% 25 NS April 30, 2026 N-PORT
SDVD · First Trust Exchange-Traded Fund IV 0.49% 9,191 NS April 30, 2026 N-PORT
SXQG · EXCHANGE TRADED CONCEPTS TRUST 0.49% 839 NS May 31, 2026 N-PORT
FLAG · Global X Funds 0.48% 18 NS April 30, 2026 N-PORT
LCOW · Pacer Funds Trust 0.45% 235 NS April 30, 2026 N-PORT
FTC · First Trust Exchange-Traded AlphaDE… 0.43% 12,427 NS April 30, 2026 N-PORT
SCHM · SCHWAB STRATEGIC TRUST 0.42% 156,586 NS May 31, 2026 N-PORT
SNPD · DBX ETF Trust 0.36% 24 NS May 29, 2026 N-PORT
TEXN · iShares Trust 0.36% 170 SH Aug. 8, 2026 Daily
VBK · VANGUARD INDEX FUNDS 0.35% 388,412 SH Aug. 8, 2026 Daily
AVIE · AMERICAN CENTURY ETF TRUST 0.33% 86 NS May 31, 2026 N-PORT
QGRO · AMERICAN CENTURY ETF TRUST 0.29% 16,180 NS May 31, 2026 N-PORT
AVMC · AMERICAN CENTURY ETF TRUST 0.29% 2,968 NS May 31, 2026 N-PORT
VOT · VANGUARD INDEX FUNDS 0.28% 224,586 SH Aug. 8, 2026 Daily
IMCG · iShares Trust 0.27% 31,405 SH Aug. 8, 2026 Daily
GUNR · FlexShares Trust 0.26% 43,696 NS April 30, 2026 N-PORT
HQGO · Lattice Strategies Trust 0.25% 274 NS April 30, 2026 N-PORT
FQAL · FIDELITY COVINGTON TRUST 0.25% 7,654 NS April 30, 2026 N-PORT
FEX · First Trust Exchange-Traded AlphaDE… 0.23% 7,766 NS April 30, 2026 N-PORT
FAD · First Trust Exchange-Traded AlphaDE… 0.22% 2,353 NS April 30, 2026 N-PORT
NBSM · Neuberger Berman ETF Trust 0.22% 1,246 NS May 31, 2026 N-PORT
EQAL · Invesco Exchange-Traded Fund Trust … 0.21% 5,186 SH Aug. 8, 2026 Daily
CRBN · iShares Trust 0.20% 6,593 SH Aug. 8, 2026 Daily
GARP · iShares Trust 0.19% 15,001 SH Aug. 8, 2026 Daily
GSEW · Goldman Sachs ETF Trust 0.18% 8,302 NS May 31, 2026 N-PORT
PRFZ · Invesco Exchange-Traded Fund Trust 0.18% 14,878 SH Aug. 8, 2026 Daily
RSP · Invesco Exchange-Traded Fund Trust 0.17% 494,343 SH Aug. 8, 2026 Daily
BFOR · ALPS ETF Trust 0.17% 930 NS May 31, 2026 N-PORT
SIZE · iShares Trust 0.16% 2,029 SH Aug. 8, 2026 Daily
EUSA · iShares, Inc. 0.16% 8,637 SH Aug. 8, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.15% 672,346 SH Aug. 8, 2026 Daily
IWR · iShares Trust 0.15% 239,640 SH Aug. 8, 2026 Daily
EGUS · iShares Trust 0.14% 112 SH Aug. 8, 2026 Daily
IMCB · iShares Trust 0.14% 6,632 SH Aug. 8, 2026 Daily