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 $614.62 on May 20, 2024, increasing its holdings to 1,085,007 shares.

Summary

• On May 20, 2024, Horizon Kinetics Asset Management LLC acquired 3 shares of Texas Pacific Land Corp at a price of $614.62 per share.
• Following this transaction, Horizon Kinetics Asset Management LLC's direct ownership in Texas Pacific Land Corp amounts to 1,085,007 shares.
• The filing also references a previous Schedule 13D amendment from February 28, 2024, where Horizon Kinetics Asset Management LLC reported beneficial ownership of 1,271,975 shares.
• Murray Stahl's direct interest is 2,474 shares and his indirect interest is approximately 53,550 shares.
• Murray Stahl does not exercise investment discretion with respect to the securities of the issuer.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a share purchase, indicating a slightly positive sentiment from Horizon Kinetics Asset Management LLC towards Texas Pacific Land Corp.

Positives

• Horizon Kinetics Asset Management LLC increased its stake in Texas Pacific Land Corp, signaling confidence in the company.

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. This filing indicates changes in ownership and can be used by investors to gauge sentiment.

Stakeholder Impact

• The increased stake by Horizon Kinetics Asset Management LLC could be viewed positively by shareholders.

Key Dates