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 stock at $1,313.11, increasing its beneficial ownership to 1,167,966 shares.

Summary

• On January 14, 2025, Horizon Kinetics Asset Management LLC (HKAM) acquired one share of Texas Pacific Land Corp (TPL) common stock.
• The purchase price was $1,313.11 per share.
• Following the transaction, HKAM's beneficial ownership in TPL increased to 1,167,966 shares.
• The filing also references an amendment to HKAM's Schedule 13D filed on December 18, 2024, which noted 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 sentiment is neutral as it simply reports a transaction. The purchase of a single share is not a strong signal.

Positives

• The increased stake by a significant shareholder like Horizon Kinetics Asset Management LLC could be interpreted positively by the market.

Future Outlook

The document does not contain specific forward-looking statements regarding Texas Pacific Land Corp's future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell shares. This filing indicates a change in ownership by a major shareholder, Horizon Kinetics Asset Management LLC, in Texas Pacific Land Corp, which operates in the land resource management industry.

Stakeholder Impact

• The increased stake by Horizon Kinetics Asset Management LLC could potentially increase investor confidence.

Key Dates