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

Horizon Kinetics Asset Management LLC has reported the acquisition of one additional share of Texas Pacific Land Corp common stock.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) acquired one share of Texas Pacific Land Corp (TPL) common stock on December 30, 2024, at a price of $1,134.87 per share.
• Following this transaction, HKAM's direct holdings in TPL amount to 1,138,400 shares.
• This transaction was reported in a Form 4 filing with the SEC.
• The filing also references a previous Schedule 13D amendment from December 18, 2024, which detailed HKAM's beneficial ownership of 3,578,173 shares, as well as Murray Stahl's direct and indirect interests.

Sentiment

Score: 5

Explanation: The document is a routine filing of a share purchase, and does not indicate any positive or negative sentiment.

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 insiders and major shareholders in publicly traded companies.
• The transaction is relatively small in the context of the total shares owned by Horizon Kinetics Asset Management LLC, suggesting it is not a major shift in their investment strategy.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small purchase by a major shareholder.

Key Dates

Keywords

Texas Pacific Land Corp, Horizon Kinetics Asset Management, TPL, Share Acquisition, Form 4, Beneficial Ownership, SEC Filing