Texas Pacific Land Trust (TPL): Murray Stahl Adds More Shares to Texas-Sized Position

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Page 7 of 12 SEC Filing

Horizon Asset
Management LLC
1/5/2016 Buy 367 $124.85
Horizon Asset Management LLC 1/5/2016 Sale 161 $123.39
Horizon Asset Management LLC 1/6/2016 Buy 230 $125.50
Horizon Asset Management LLC 1/6/2016 Sale 150 $124.50
Horizon Asset Management LLC 1/7/2016 Buy 142 $124.40
Horizon Asset Management LLC 1/7/2016 Sale 316 $123.61
Horizon Asset Management LLC 1/8/2016 Buy 268 $127.02
Horizon Asset Management LLC 1/8/2016 Sale 300 $126.98
Horizon Asset Management LLC 1/11/2016 Buy 543 $123.79
Horizon Asset Management LLC 1/11/2016 Sale 872 $123.14
Horizon Asset Management LLC 1/12/2016 Buy 344 $120.33
Horizon Asset Management LLC 1/12/2016 Sale 300 $120.85
Horizon Asset Management LLC 1/13/2016 Buy 282 $115.09
Horizon Asset Management LLC 1/13/2016 Sale 702 $114.55
Horizon Asset Management LLC 1/14/2016 Buy 1172 $115.67
Horizon Asset Management LLC 1/14/2016 Sale 348 $116.07
Horizon Asset Management LLC 1/15/2016 Buy 306 $114.72
Horizon Asset Management LLC 1/15/2016 Sale 300 $114.50
Kinetics Asset Management LLC 1/15/2016 Sale 478 $114.05
Kinetics Asset Management LLC 1/19/2016 Buy 1,000 $109.65
Horizon Asset Management LLC 1/19/2016 Buy 645 $110.59
Horizon Asset Management LLC 1/19/2016 Sale 1,440 $109.80
Horizon Asset Management LLC 1/20/2016 Buy 300 $109.36
Kinetics Asset Management LLC 1/20/2016 Buy 960 $109.52
Horizon Asset Management LLC 1/20/2016 Sale 3,225 $109.29
Horizon Asset Management LLC 1/21/2016 Buy 2,388 $123.25
Horizon Asset Management LLC 1/21/2016 Sale 1,582 $122.37
Horizon Asset Management LLC 1/22/2016 Buy 1,312 $126.43

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