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Horizon Kinetics LLC
> TPL
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2018 | TEXAS PACIFIC LAND TRUST | TPL | 1,807,780 | -21,632 | 979,148,000 | -598,830,000 | $541.63 |
| 09/30/2018 | TEXAS PACIFIC LAND TRUST | TPL | 1,829,412 | 1,008 | 1,577,978,000 | 306,598,000 | $862.56 |
| 07/19/2018 | TEXAS PACIFIC LAND TRUST | TPL | 1,837,051 | 15,837 | 1,406,262,541 | 485,784,541 | $765.50 |
| 06/30/2018 | TEXAS PACIFIC LAND TRUST | TPL | 1,828,404 | 7,190 | 1,271,380,000 | 350,902,000 | $695.35 |
| 03/31/2018 | TEXAS PACIFIC LAND TRUST | TPL | 1,821,214 | 18,961 | 920,478,000 | 115,539,000 | $505.42 |
| 12/31/2017 | TEXAS PACIFIC LAND TRUST | TPL | 1,802,253 | 20,317 | 804,939,000 | 84,859,000 | $446.63 |
| 09/30/2017 | TEXAS PACIFIC LAND TRUST | TPL | 1,781,936 | 44,261 | 720,080,000 | 209,587,000 | $404.10 |
| 06/30/2017 | TEXAS PACIFIC LAND TRUST | TPL | 1,737,675 | -911 | 510,493,000 | 24,124,000 | $293.78 |
| 03/31/2017 | TEXAS PACIFIC LAND TRUST | TPL | 1,738,586 | 29,223 | 486,369,000 | -20,919,000 | $279.75 |
| 12/31/2016 | TEXAS PACIFIC LAND TRUST | TPL | 1,709,363 | 26,247 | 507,288,000 | 104,468,000 | $296.77 |
| 12/05/2016 | TEXAS PACIFIC LAND TRUST | TPL | 1,700,782 | 17,666 | 505,404,386 | 102,584,386 | $297.16 |
| 09/30/2016 | TEXAS PACIFIC LAND TRUST | TPL | 1,683,116 | 28,080 | 402,820,000 | 123,698,000 | $239.33 |
| 06/30/2016 | TEXAS PACIFIC LAND TRUST | TPL | 1,655,036 | 9,043 | 279,122,000 | 39,614,000 | $168.65 |
| 03/31/2016 | TEXAS PACIFIC LAND TRUST | TPL | 1,645,993 | 30,441 | 239,508,000 | 27,999,000 | $145.51 |
| 12/31/2015 | TEXAS PACIFIC LAND TRUST | TPL | 1,615,552 | 14,192 | 211,509,000 | -13,082,000 | $130.92 |
| 09/30/2015 | TEXAS PACIFIC LAND TRUST | TPL | 1,601,360 | 50,576 | 224,591,000 | -8,771,000 | $140.25 |
| 06/30/2015 | TEXAS PACIFIC LAND TRUST | TPL | 1,550,784 | 7,867 | 233,362,000 | 9,871,000 | $150.48 |
| 03/31/2015 | TEXAS PACIFIC LAND TRUST | TPL | 1,542,917 | -1,675 | 223,491,000 | 41,229,000 | $144.85 |
| 12/31/2014 | TEXAS PACIFIC LAND TRUST | TPL | 1,544,592 | -4,762 | 182,262,000 | -115,895,000 | $118.00 |
| 09/30/2014 | TEXAS PACIFIC LAND TRUST | TPL | 1,549,354 | 21,979 | 298,157,000 | 53,609,000 | $192.44 |
| 06/30/2014 | TEXAS PACIFIC LAND TRUST | TPL | 1,527,375 | 2,791 | 244,548,000 | 47,114,000 | $160.11 |
| 03/31/2014 | TEXAS PACIFIC LAND TRUST | TPL | 1,524,584 | 70,802 | 197,434,000 | 52,070,000 | $129.50 |
| 12/31/2013 | TEXAS PACIFIC LAND TRUST | TPL | 1,453,782 | 110,604 | 145,364,000 | 31,825,000 | $99.99 |
| 09/30/2013 | TEXAS PACIFIC LAND TRUST | TPL | 1,343,178 | 1,343,178 | 113,539,000 | 113,539,000 | $84.53 |
| 06/30/2013 | TEXAS PACIFIC LAND TRUST | TPL | 1,347,938 | 1,347,938 | 113,753,000 | 113,753,000 | $84.39 |
| 03/31/2013 | TEXAS PACIFIC LAND TRUST | TPL | 0 | -1,202,856 | 0 | -64,268,000 | |
| 12/31/2012 | TEXAS PACIFIC LAND TRUST | TPL | 1,202,856 | 36,605 | 64,268,000 | 241,000 | $53.43 |
| 09/30/2012 | TEXAS PACIFIC LAND TRUST | TPL | 1,166,251 | 88,219 | 64,027,000 | 2,493,000 | $54.90 |
| 06/30/2012 | TEXAS PACIFIC LAND TRUST | TPL | 1,078,032 | 5,126 | 61,534,000 | 10,957,000 | $57.08 |
| 03/31/2012 | TEXAS PACIFIC LAND TRUST | TPL | 1,072,906 | -109,955 | 50,577,000 | 2,447,000 | $47.14 |
| 12/31/2011 | TEXAS PACIFIC LAND TRUST | TPL | 1,182,861 | -30,617 | 48,130,000 | 4,032,000 | $40.69 |
| 09/30/2011 | TEXAS PACIFIC LAND TRUST | TPL | 1,213,478 | 124,875 | 44,098,000 | -5,118,000 | $36.34 |
| 06/30/2011 | TEXAS PACIFIC LAND TRUST | TPL | 1,172,173 | 1,172,173 | 52,994,000 | 52,994,000 | $45.21 |
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