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 August 9, 2024, Horizon Kinetics Asset Management LLC acquired 3 shares of Texas Pacific Land Corp common stock at a price of $817.92 per share.
• Following this transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,085,113 shares of Texas Pacific Land Corp.
• Murray Stahl's direct interest is 2,474 shares and his indirect interest is approximately 53,550 shares.
• Mr. Stahl does not exercise investment discretion with respect to the securities of the issuer.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard SEC filing reporting a change in beneficial ownership. The purchase itself could be interpreted as mildly positive, but the filing is primarily informational.

Positives

• Horizon Kinetics Asset Management LLC increasing its stake 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

Form 4 filings are standard disclosures required by the SEC when insiders or major shareholders of a publicly traded company buy or sell shares. This filing indicates a change in ownership for Texas Pacific Land Corp.

Stakeholder Impact

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

Key Dates