Form 4: Horizon Kinetics Asset Management LLC Buys Additional Shares of Texas Pacific Land Corp

Horizon Kinetics Asset Management LLC reports purchasing 3 shares of Texas Pacific Land Corp at $758.83 per share, increasing their holdings to 1,085,049 shares.

Summary

• On July 10, 2024, Horizon Kinetics Asset Management LLC acquired 3 shares of Texas Pacific Land Corp (TPL) common stock.
• The purchase price was $758.83 per share.
• Following the transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,085,049 shares of TPL.
• The filing also references a previous Schedule 13D amendment filed on February 28, 2024, noting beneficial ownership of 1,271,975 shares and Murray Stahl's direct and indirect interests.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a share purchase. The size of the purchase is very small relative to the overall holdings.

Positives

• The purchase indicates continued investment by Horizon Kinetics Asset Management LLC in Texas Pacific Land Corp.

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. This filing indicates a change in ownership by a major shareholder, Horizon Kinetics Asset Management LLC.

Stakeholder Impact

• The purchase could have a minor positive impact on shareholder confidence, though the small size of the transaction limits its significance.

Key Dates