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

Horizon Kinetics Asset Management LLC reports purchasing additional shares of Texas Pacific Land Corp, increasing its beneficial ownership.

Summary

• On February 12, 2025, Horizon Kinetics Asset Management LLC acquired 1 share of Texas Pacific Land Corp common stock at a price of $1,356.89.
• Following this transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,166,997 shares of Texas Pacific Land Corp.
• The reporting person, Horizon Kinetics Asset Management LLC, is a 10% owner of Texas Pacific Land Corp.
• 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 filing indicating a change in ownership, with no explicit positive or negative implications.

Positives

• Horizon Kinetics Asset Management LLC increasing its stake in Texas Pacific Land Corp could be seen as a positive signal.

Management Comments

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

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of significant shareholders and insiders.

Stakeholder Impact

• Shareholders may view the increased stake by Horizon Kinetics Asset Management LLC as a sign of confidence in Texas Pacific Land Corp.

Key Dates

Keywords

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