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 7, 2024, Horizon Kinetics Asset Management LLC (HKAM) acquired 3 shares of Texas Pacific Land Corp (TPL) at a price of $788.88 per share.
• Following this transaction, HKAM's direct beneficial ownership in TPL amounts to 1,085,107 shares.
• The filing also references a previous amendment to Schedule 13D on February 28, 2024, where HKAM reported beneficial ownership of 1,271,975 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: 6

Explanation: The sentiment is neutral. It's a routine transaction disclosure, with no inherently positive or negative implications.

Positives

• Increased investment by a major shareholder could be seen as a positive signal for the company.

Management Comments

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

Industry Context

Form 4 filings are a routine part of the regulatory landscape, providing transparency into the transactions of company insiders and major shareholders. This filing indicates continued investment interest from a significant shareholder.

Stakeholder Impact

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

Key Dates