Form 4: Horizon Kinetics Asset Management LLC Adjusts Stake in Texas Pacific Land Corp

Horizon Kinetics Asset Management LLC reports a change in beneficial ownership of Texas Pacific Land Corp shares, decreasing its holdings after a recent transaction.

Summary

• On May 10, 2024, Horizon Kinetics Asset Management LLC (HKAM) acquired 3 shares of Texas Pacific Land Corp (TPL) at a price of $622.31 per share.
• Following this transaction, HKAM's direct ownership of TPL common stock is reported as 1,084,989 shares.
• The filing also references a previous Schedule 13D amendment from February 28, 2024, where HKAM noted beneficial ownership of 1,271,975 shares, Murray Stahl's direct interest in 2,474 shares, and his indirect interest in approximately 53,550 shares.
• Murray Stahl does not exercise investment discretion with respect to the securities of the issuer.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a change in ownership. It is neutral in tone and factual in nature.

Management Comments

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

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell shares, providing transparency to the market.

Stakeholder Impact

• The change in ownership may be of interest to shareholders of Texas Pacific Land Corp as it reflects the investment decisions of a major shareholder.

Key Dates