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

Horizon Kinetics Asset Management LLC reports purchasing 3 shares of Texas Pacific Land Corp at $809.81 per share, increasing their holdings to 1,085,077 shares.

Summary

• Horizon Kinetics Asset Management LLC filed a Form 4 with the SEC on July 25, 2024, reporting a change in beneficial ownership of Texas Pacific Land Corp shares.
• On July 24, 2024, Horizon Kinetics acquired 3 shares of common stock at a price of $809.81 per share.
• Following the transaction, Horizon Kinetics beneficially owns 1,085,077 shares of Texas Pacific Land Corp.
• The filing also references a previous Schedule 13D amendment filed on February 28, 2024, noting 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: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports a transaction.

Positives

• Horizon Kinetics increasing its stake in Texas Pacific Land Corp could be seen as a positive signal.

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 trading activities of significant shareholders.

Comparison to Industry Standards

• It's difficult to compare this specific transaction to industry standards without knowing the broader investment strategy of Horizon Kinetics and the typical trading patterns of major shareholders in similar companies.
• However, the filing is consistent with the regulatory requirements for disclosing changes in beneficial ownership.

Stakeholder Impact

• The transaction could have a minor impact on shareholder confidence.

Key Dates