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

Horizon Kinetics Asset Management LLC reports purchasing one share of Texas Pacific Land Corp stock at $1,422.27, increasing their holdings to 1,167,001 shares.

Summary

• On February 19, 2025, Horizon Kinetics Asset Management LLC (HKAM) acquired one share of Texas Pacific Land Corp (TPL) common stock.
• The purchase price was $1,422.27 per share.
• Following the transaction, HKAM's direct holdings in TPL amount to 1,167,001 shares.
• Murray Stahl, associated with HKAM, has a direct interest in 7,848 shares and an indirect interest in approximately 156,083 shares as of December 18, 2024.
• Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction by a major shareholder. The purchase of a single share is not a strong indicator of positive or negative sentiment.

Positives

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

Management Comments

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

Industry Context

This filing indicates continued investment interest in Texas Pacific Land Corp by a significant shareholder. Monitoring similar filings from other major shareholders can provide insights into overall investor sentiment towards the company.

Stakeholder Impact

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

Key Dates

Keywords

Texas Pacific Land Corp, Horizon Kinetics Asset Management, TPL, share purchase, beneficial ownership, Form 4, investment