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

Horizon Kinetics Asset Management LLC purchased 3 shares of Texas Pacific Land Corp on August 5, 2024, increasing its beneficial ownership to 1,085,101 shares.

Summary

• On August 5, 2024, Horizon Kinetics Asset Management LLC (HKAM) acquired 3 shares of Texas Pacific Land Corp (TPL) at a price of $749.78 per share.
• Following this transaction, HKAM's direct ownership in TPL amounts to 1,085,101 shares.
• The filing also references an amendment to Schedule 13D filed on February 28, 2024, which noted HKAM's 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 as it simply reports a transaction. The increased holding could be seen as slightly positive, but it's a small transaction.

Positives

• The increased stake indicates continued confidence in Texas Pacific Land Corp by Horizon Kinetics Asset Management LLC.

Industry Context

Form 4 filings are standard 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.

Stakeholder Impact

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

Key Dates