Vanguard disaggregates TPL holdings after realignment (TPL)

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Vanguard has filed a Schedule 13G/A report for Texas Pacific Land (TPL), indicating zero beneficial ownership after an internal realignment on January 12, 2026. This change disaggregates reporting among Vanguard subsidiaries and is an administrative update rather than a market transaction. Vanguard entities retain rights to dividends or proceeds for managed accounts and investment companies.

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