An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.
read at $389.79
Texas Pacific Land Corporation holds its Markdown at $389.79.
Each arm is one independent read. Conviction is not a single call, it is how many edges converge.
The investor read · the season, not the day
| Phase | Markdown · caution |
| Quantitative state | The statistical read favours the buyers, held for 12 days |
| Price | $389.79 |
| Valuation | 52.95 trailing · 5.29 forward price to earnings |
| Values screen | PASS · score 88.1 |
| Beta | 0.68 |
The trader read · the latest dated commentary
The dated journal · newest first, never edited
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials (88). The risk-adjusted return profile shows good risk-adjusted returns.
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Ethical screening: PASS with strong ethical credentials (88). The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
The insider ledger · Form 4 filings, as filed
| Date | Insider | Title | Type | Shares | Value |
|---|---|---|---|---|---|
| 2026-05-19 | HORIZON KINETICS ASSET MANAGEMENT L.L.C. | Beneficial Owner of more than 10% of a Class of Security | 2 | $780 | |
| 2026-05-18 | HORIZON KINETICS ASSET MANAGEMENT L.L.C. | Beneficial Owner of more than 10% of a Class of Security | 1 | $385 | |
| 2026-05-15 | HORIZON KINETICS ASSET MANAGEMENT L.L.C. | Beneficial Owner of more than 10% of a Class of Security | 1 | $388 | |
| 2026-05-14 | HORIZON KINETICS ASSET MANAGEMENT L.L.C. | Beneficial Owner of more than 10% of a Class of Security | 1 | $385 | |
| 2026-05-12 | HORIZON KINETICS ASSET MANAGEMENT L.L.C. | Beneficial Owner of more than 10% of a Class of Security | 1 | $394 | |
| 2026-05-11 | HORIZON KINETICS ASSET MANAGEMENT L.L.C. | Beneficial Owner of more than 10% of a Class of Security | 2 | $803 | |
| 2026-05-08 | DOYLE PETER BRENDAN | Director | 254 | · | |
| 2026-05-07 | HORIZON KINETICS ASSET MANAGEMENT L.L.C. | Beneficial Owner of more than 10% of a Class of Security | 1 | $401 | |
| 2026-05-06 | HORIZON KINETICS ASSET MANAGEMENT L.L.C. | Beneficial Owner of more than 10% of a Class of Security | 1 | $419 | |
| 2026-05-05 | HORIZON KINETICS ASSET MANAGEMENT L.L.C. | Beneficial Owner of more than 10% of a Class of Security | 1 | $433 |
Public filings, recorded as found. The full tape lives at Insider Intelligence.
What holding actually paid · price plus dividends
| Period | Price then | Price return | Divs per share | $1,000 became | Total return |
|---|---|---|---|---|---|
| 1 month | $402.02 | -6.7% | $0.60 | $935 | -6.5% |
| 2 months | $409.34 | -8.4% | $0.60 | $918 | -8.2% |
| 3 months | $528.16 | -29.0% | $0.60 | $711 | -28.9% |
| 6 months | $295.97 | +26.7% | $1.20 | $1,271 | +27.1% |
| 1 year | $364.25 | +3.0% | $2.27 | $1,036 | +3.6% |
| 2 years | $235.17 | +59.5% | $7.59 | $1,627 | +62.7% |
| 3 years | $149.79 | +150.4% | $9.09 | $2,565 | +156.5% |
| 5 years | $160.09 | +134.3% | $13.98 | $2,430 | +143.0% |
Historical returns from market close data. Past performance does not guarantee future results.
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