TEXAS PACIFIC LAND CORPORATI

Ticker: TPL CUSIP: 88262P102 Class: COMMON STOCK

V-Square Quantitative Management LLC's Holding History (CIK: 0001943239)

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

Q4 2025

Shares 1,126 Value ($000) $323 Avg Close $305.03 Range $269.23 - $348.98

Q2 2025

Shares 296 Value ($000) $313 Avg Close $407.01 Range $327.33 - $475.01

Q1 2025

Shares 135 Value ($000) $179 Avg Close $443.26 Range $370.80 - $485.16

Q4 2024

Shares 176 Value ($000) $195 Avg Close $405.98 Range $287.42 - $585.53

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,126	$323	$305.03	$269.23 - $348.98
Q2 2025	296	$313	$407.01	$327.33 - $475.01
Q1 2025	135	$179	$443.26	$370.80 - $485.16
Q4 2024	176	$195	$405.98	$287.42 - $585.53