TEXAS PACIFIC LAND CORPORATI

Ticker: TPL CUSIP: 88262P102 Class: COMMON STOCK

MAI Capital Management's Holding History (CIK: 0001040197)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 1,797 Value ($000) $516 Avg Close $305.03 Range $269.23 - $348.98

Q3 2025

Shares 598 Value ($000) $558 Avg Close $313.93 Range $280.85 - $358.87

Q2 2025

Shares 614 Value ($000) $649 Avg Close $407.01 Range $327.33 - $475.01

Q1 2025

Shares 543 Value ($000) $719 Avg Close $443.26 Range $370.80 - $485.16

Q4 2024

Shares 543 Value ($000) $601 Avg Close $405.98 Range $287.42 - $585.53

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,797	$516	$305.03	$269.23 - $348.98
Q3 2025	598	$558	$313.93	$280.85 - $358.87
Q2 2025	614	$649	$407.01	$327.33 - $475.01
Q1 2025	543	$719	$443.26	$370.80 - $485.16
Q4 2024	543	$601	$405.98	$287.42 - $585.53