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

Horizon Kinetics Asset Management LLC has reported acquiring one share of Texas Pacific Land Corp common stock at a price of $1,400.25.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) has filed a Form 4 indicating a change in beneficial ownership of Texas Pacific Land Corp (TPL) stock.
• The transaction involved the purchase of 1 share of common stock at a price of $1,400.25 on January 15, 2025.
• Following this transaction, HKAM's total direct ownership is 1,167,967 shares.
• 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.
• Murray Stahl does not exercise investment discretion with respect to the securities of the Issuer.

Sentiment

Score: 5

Explanation: The document is a routine filing and does not indicate any significant positive or negative sentiment. It simply reports a transaction.

Management Comments

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

Industry Context

This filing is a routine disclosure of a change in beneficial ownership by a major shareholder, which is common in the investment management industry. It indicates continued interest in Texas Pacific Land Corp by Horizon Kinetics Asset Management LLC.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and major shareholders in publicly traded companies.
• The transaction is relatively small in terms of share volume, but the high price per share reflects the value of TPL stock.
• Other major shareholders of TPL would also be required to file similar forms when their ownership changes.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it represents a small change in ownership by a major shareholder.

Key Dates

Keywords

Texas Pacific Land Corp, Horizon Kinetics Asset Management LLC, TPL, Beneficial Ownership, Form 4, Stock Purchase, Share Acquisition, Investment