Form 4: Horizon Kinetics Asset Management Adjusts Texas Pacific Land Corp Holdings

Horizon Kinetics Asset Management LLC reports a change in beneficial ownership of Texas Pacific Land Corp shares, involving both a purchase and a distribution of shares.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) reported a change in their beneficial ownership of Texas Pacific Land Corp (TPL) shares.
• On January 21, 2025, HKAM purchased 1 share of TPL common stock at a price of $1,395.68.
• Also on January 21, 2025, 44 shares were distributed to beneficial owners without consideration.
• Following these transactions, HKAM's direct ownership of TPL shares decreased from 1,167,970 to 1,167,926.
• The filing also references a previous Schedule 13D amendment from December 18, 2024, which detailed HKAM's beneficial ownership of 3,578,173 shares, Murray Stahl's direct interest in 7,848 shares, and his indirect interest in approximately 156,083 shares.

Sentiment

Score: 5

Explanation: The document is a neutral report of transactions, with no indication of positive or negative sentiment.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a major shareholder, which is common in the investment management industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and major shareholders of publicly traded companies.
• The transactions reported are relatively small in the context of the total shares owned by Horizon Kinetics Asset Management LLC.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on the share price or other stakeholders due to the small number of shares involved.

Key Dates

Keywords

Beneficial Ownership, Texas Pacific Land Corp, Horizon Kinetics Asset Management, Share Transaction, SEC Form 4, TPL, Stock Purchase, Share Distribution