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

Horizon Kinetics Asset Management LLC reports acquiring one share of Texas Pacific Land Corp common stock at $1,344.87, increasing its beneficial ownership to 1,166,998 shares.

Summary

• On February 13, 2025, Horizon Kinetics Asset Management LLC (HKAM) acquired one share of Texas Pacific Land Corp (TPL) common stock.
• The purchase price was $1,344.87 per share.
• Following the transaction, HKAM's beneficial ownership in TPL increased to 1,166,998 shares.
• Murray Stahl, associated with HKAM, has a direct interest in 7,848 shares and an indirect interest in approximately 156,083 shares, but does not exercise investment discretion.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. The increased stake could be seen as slightly positive, but it's a single share purchase.

Positives

• The increased stake indicates continued confidence in Texas Pacific Land Corp by Horizon Kinetics Asset Management LLC.

Management Comments

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

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and significant shareholders, providing transparency to the market.

Stakeholder Impact

• The increased stake may have a minor positive impact on shareholder confidence.

Key Dates

Keywords

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