Horizon Kinetics Quietly Accumulates Texas Pacific Land Shares Amid Data‑Center Expansion Speculation

Insider Buying Hot‑Spot: Horizon Kinetics Adds to Texas Pacific Land

A single share purchase by Horizon Kinetics Asset Management (HKAM) on February 19, 2026—at $498.30—continues a pattern of steady accumulation that began at the end of January. Over the past month HKAM has bought 20 shares, steadily increasing its stake from roughly 3.48 million to 3.50 million shares. The trades, all executed at a price hovering around $425–$470, reflect a disciplined buying rhythm rather than a frantic scramble for the stock.

What the Numbers Say for Investors

HKAM’s cumulative purchase price averages $432 per share, slightly below the current market price but still above the 12‑month low of $269. In a sector where a 52‑week high of $491.4 is still within reach, the investor’s incremental exposure suggests confidence in Texas Pacific Land’s shift toward data‑center and desalination projects. The company’s recent quarterly results—boosted by record water‑sales volumes—paired with a $0.60 dividend, provide a compelling blend of growth and income that may justify the modest out‑of‑the‑money purchase price.

HKAM’s Historical Trade Profile

HKAM’s historic buying activity shows a consistent, low‑volume approach. Since early January, the firm has executed a series of one‑share purchases at incremental price levels, typically between $310 and $470. This pattern indicates a long‑term accumulation strategy rather than a short‑term speculative play. The firm’s holdings have grown steadily, suggesting a belief that Texas Pacific Land’s valuation will eventually converge with its underlying asset base, particularly as the company expands into high‑margin data‑center projects.

Implications for Texas Pacific Land’s Future

The steady insider buying—combined with a positive sentiment score (+1) and high social media buzz (132 %)—signals growing market interest. Analysts will watch whether this trend translates into broader institutional participation. If the company can sustain its earnings momentum and successfully deploy capital into its new projects, the share price may climb, rewarding long‑term holders like HKAM. Conversely, any missteps in the data‑center or desalination ventures could dampen investor enthusiasm, prompting a reassessment of the company’s valuation.

Takeaway for Investors

For investors eyeing Texas Pacific Land, the insider activity is a subtle but encouraging cue. HKAM’s disciplined buying spree, aligned with the company’s strategic shift and dividend policy, points to a potential upside if the new initiatives perform as projected. Keeping an eye on future filings and quarterly reports will help gauge whether this incremental stake will turn into a larger, more influential position—and whether the stock will follow suit in the coming months.