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 $1,377.87, increasing its holdings to 1,167,003 shares.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) filed a Form 4 disclosing a change in beneficial ownership of Texas Pacific Land Corp (TPL) stock.
• On February 21, 2025, HKAM purchased 1 share of TPL common stock at a price of $1,377.87.
• Following this transaction, HKAM's direct ownership of TPL stock increased to 1,167,003 shares.
• The filing also references a previous Schedule 13D amendment from December 18, 2024, which noted HKAM's beneficial ownership of 3,578,173 shares and Murray Stahl's direct and indirect interests.
• 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 related to a change in ownership. The sentiment is neutral as it simply reports a transaction.

Positives

• The increased stake could be interpreted as a sign of confidence in Texas Pacific Land Corp's future prospects.

Industry Context

Institutional investors like Horizon Kinetics Asset Management often adjust their holdings in publicly traded companies based on their investment strategies and outlook on the company's performance and the broader market conditions.

Stakeholder Impact

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

Key Dates

Keywords

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