Form 4: Horizon Kinetics Asset Management Acquires Additional Shares in Texas Pacific Land Corp

Horizon Kinetics Asset Management LLC has reported the acquisition of one additional share of Texas Pacific Land Corp common stock at a price of $1,159.10.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) has filed a Form 4 disclosing a purchase of 1 share of Texas Pacific Land Corp (TPL) common stock.
• The transaction occurred on December 27, 2024, at a price of $1,159.10 per share.
• Following this transaction, HKAM directly owns 1,138,399 shares of TPL.
• This filing also references an amendment to HKAM's Schedule 13D filed on December 18, 2024, which noted beneficial ownership of 3,578,173 shares by HKAM, a direct interest of 7,848 shares by Murray Stahl, and an indirect interest of approximately 156,083 shares by Murray Stahl.
• Murray Stahl does not exercise investment discretion with respect to the securities of the Issuer.

Sentiment

Score: 5

Explanation: The document is a routine filing of a share purchase, with no indication of positive or negative sentiment. It is a neutral event.

Management Comments

• Murray Stahl does not exercise investment discretion with respect to the securities of the Issuer.

Industry Context

This filing reflects ongoing trading activity by a major shareholder in Texas Pacific Land Corp, a company in the land and resource management sector.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by significant shareholders in publicly traded companies.
• The reported transaction is a relatively small purchase of 1 share, which is not unusual for large institutional investors who may be adjusting their positions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a single share purchase.

Key Dates

Keywords

Texas Pacific Land Corp, Horizon Kinetics Asset Management, TPL, Form 4, Beneficial Ownership, Share Acquisition, Stock Purchase, Investment