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BEDDOW CAPITAL MANAGEMENT INC
> TPL
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2023 | TEXAS PACIFIC LAND TRUST | TPL | 11,338 | 273 | 14,926,000 | -3,896,000 | $1,316.46 |
| 03/31/2023 | TEXAS PACIFIC LAND TRUST | TPL | 11,065 | -202 | 18,822,000 | -7,590,000 | $1,701.04 |
| 12/31/2022 | TEXAS PACIFIC LAND TRUST | TPL | 11,267 | -501 | 26,412,000 | 5,498,000 | $2,344.19 |
| 09/30/2022 | TEXAS PACIFIC LAND TRUST | TPL | 11,768 | -231 | 20,914,000 | 3,059,000 | $1,777.19 |
| 06/30/2022 | TEXAS PACIFIC LAND TRUST | TPL | 11,999 | 30 | 17,855,000 | 1,672,000 | $1,488.04 |
| 03/31/2022 | TEXAS PACIFIC LAND TRUST | TPL | 11,969 | 675 | 16,183,000 | 2,078,000 | $1,352.08 |
| 12/31/2021 | TEXAS PACIFIC LAND TRUST | TPL | 11,294 | 44 | 14,105,000 | 500,000 | $1,248.89 |
| 09/30/2021 | TEXAS PACIFIC LAND TRUST | TPL | 11,250 | 286 | 13,605,000 | -3,935,000 | $1,209.33 |
| 06/30/2021 | TEXAS PACIFIC LAND TRUST | TPL | 10,964 | -571 | 17,540,000 | 9,154,000 | $1,599.78 |
| 12/31/2020 | TEXAS PACIFIC LAND TRUST | TPL | 11,535 | 1,070 | 8,386,000 | 3,660,000 | $727.00 |
| 09/30/2020 | TEXAS PACIFIC LAND TRUST | TPL | 10,465 | 321 | 4,726,000 | -1,307,000 | $451.60 |
| 06/30/2020 | TEXAS PACIFIC LAND TRUST | TPL | 10,144 | -1,365 | 6,033,000 | 1,659,000 | $594.74 |
| 03/31/2020 | TEXAS PACIFIC LAND TRUST | TPL | 11,509 | 474 | 4,374,000 | -4,247,000 | $380.05 |
| 12/31/2019 | TEXAS PACIFIC LAND TRUST | TPL | 11,035 | 365 | 8,621,000 | 1,690,000 | $781.24 |
| 09/30/2019 | TEXAS PACIFIC LAND TRUST | TPL | 10,670 | 472 | 6,931,000 | -1,095,000 | $649.58 |
| 06/30/2019 | TEXAS PACIFIC LAND TRUST | TPL | 10,198 | 1,060 | 8,026,000 | 956,000 | $787.02 |
| 03/31/2019 | TEXAS PACIFIC LAND TRUST | TPL | 9,138 | -77 | 7,070,000 | 2,079,000 | $773.69 |
| 12/31/2018 | TEXAS PACIFIC LAND TRUST | TPL | 9,215 | 339 | 4,991,000 | -2,665,000 | $541.62 |
| 09/30/2018 | TEXAS PACIFIC LAND TRUST | TPL | 8,876 | -1,424 | 7,656,000 | 494,000 | $862.55 |
| 06/30/2018 | TEXAS PACIFIC LAND TRUST | TPL | 10,300 | -876 | 7,162,000 | 1,513,000 | $695.34 |
| 03/31/2018 | TEXAS PACIFIC LAND TRUST | TPL | 11,176 | -149 | 5,649,000 | 591,000 | $505.46 |
| 12/31/2017 | TEXAS PACIFIC LAND TRUST | TPL | 11,325 | 1,269 | 5,058,000 | 2,651,000 | $446.62 |
| 09/30/2017 | TEXAS PACIFIC LAND TRUST | TPL | 11,400 | -850 | 4,607,000 | 1,008,000 | $404.12 |
| 06/30/2017 | TEXAS PACIFIC LAND TRUST | TPL | 12,250 | 175 | 3,599,000 | 221,000 | $293.80 |
| 03/31/2017 | TEXAS PACIFIC LAND TRUST | TPL | 12,075 | 700 | 3,378,000 | 2,000 | $279.75 |
| 12/31/2016 | TEXAS PACIFIC LAND TRUST | TPL | 11,375 | 644 | 3,376,000 | 808,000 | $296.79 |
| 09/30/2016 | TEXAS PACIFIC LAND TRUST | TPL | 10,731 | 1,996 | 2,568,000 | 1,095,000 | $239.31 |
| 06/30/2016 | TEXAS PACIFIC LAND TRUST | TPL | 8,735 | 8,735 | 1,473,000 | 1,473,000 | $168.63 |
| 03/31/2016 | TEXAS PACIFIC LAND TRUST | TPL | 8,350 | 5,236 | 1,215,000 | 778,000 | $145.51 |
| 12/31/2015 | TEXAS PACIFIC LAND TRUST | TPL | 5,910 | 2,796 | 774,000 | 337,000 | $130.96 |
| 09/30/2015 | TEXAS PACIFIC LAND TRUST | TPL | 3,114 | 3,114 | 437,000 | 437,000 | $140.33 |
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