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

Horizon Kinetics Asset Management LLC, a 10% owner of Texas Pacific Land Corp, purchased 3 shares of common stock at $610.08 per share on May 22, 2024.

Summary

• On May 22, 2024, Horizon Kinetics Asset Management LLC acquired 3 shares of Texas Pacific Land Corp common stock.
• The purchase price was $610.08 per share.
• Following the transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,085,013 shares.
• Murray Stahl does not exercise investment discretion with respect to the securities of the issuer.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a routine transaction. The purchase of shares could be seen as slightly positive, but it's a small transaction relative to the overall holdings.

Positives

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

Management Comments

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

Industry Context

This filing reflects ongoing transactions by significant shareholders in publicly traded companies, providing insights into investor sentiment and potential future activity.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder confidence due to the continued investment by a major shareholder.

Key Dates