Vanguard Capital Management Acquires 6.3% Stake in Texas Pacific Land Corp (TPL)

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G with the SEC, reporting a new 6.3% ownership stake in Texas Pacific Land Corp (TPL). The filing indicates that Vanguard beneficially owns 4,348,379 shares of common stock as of the event date on March 31, 2026. According to the document, Vanguard holds sole dispositive power over all 4,348,379 shares, while maintaining sole voting power over 564,694 shares. The filing includes holdings from various affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. Vanguard certified that the shares were acquired in the ordinary course of business and were not intended to influence or change the control of the issuer. This position represents a significant increase from a previous 0.0% ownership level, establishing Vanguard as a major institutional shareholder in the Dallas-based land and resource management company.