VTSMX, NAESX, VEXMX, PRDSX, and FSMAX are all recent (as of 3/31) buyers of 30k+ shares (each) of TPL.
VTSMX alone bought 131,880 shares. That is 1.7% of total outstanding shares if you are keeping score at home.
Though not a recent buyer, PRPFX owns 70K. TPL is the second largest position in the portfolio.
VB, VTI, VDE, VXF, and INFL all hold greater than 10k shares
Some of the portfolios above are benchmarked to indicies maintained by CRSP, MSCI, S&P, Dow Jones, and Wilshire. Mostly extended market and complete market benchmarks.
PBSM (0.14%), OSCV (1.06%), IUSS (0.09%), MGMT (2.77%) all appear to have taken positions in Texas Pacific Land Corp as of late. OSCV, IUSS, and MGMT appear to be an actively managed funds. PBSM is a passive fund that tracks the MSCI USA Small Cap Index. The commonality amongst all of these funds is a focus on small cap stocks.
To be sure, these are tiny positions and are in no way responsible for the recent move in share price. That said, these ETFs report positioning daily so as to facilitate create/redeems. Traditional MFs (active and passive) and some active ETFs are not required to report as frequently. We’ll get more clarity after 3/31 filings roll in.
Fun fact: As of this writing, the market cap of TPL is $9.1B. There are currently 36 constituents in the S&P500 with market capitalizations smaller than that of TPL.