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 July 25, 2024, Horizon Kinetics Asset Management LLC (HKAM) acquired 3 shares of Texas Pacific Land Corp (TPL) common stock at a price of $800.99 per share.
• Following this transaction, HKAM's beneficial ownership in TPL increased to 1,085,080 shares.
• HKAM had previously disclosed beneficial ownership of 1,271,975 shares in an amendment to its Schedule 13D filed on February 28, 2024.
• Murray Stahl has a direct interest in 2,474 shares and an indirect interest in approximately 53,550 shares.
• Mr. Stahl does not exercise investment discretion with respect to the securities of the issuer.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about a change in ownership.

Positives

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

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders and major shareholders. This filing indicates a change in ownership by a significant holder, Horizon Kinetics Asset Management LLC.

Stakeholder Impact

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

Key Dates