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 $804.95 per share, increasing their total holdings to 1,085,074 shares.

Summary

• On July 23, 2024, Horizon Kinetics Asset Management LLC acquired 3 shares of Texas Pacific Land Corp common stock.
• The purchase price was $804.95 per share.
• Following the transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,085,074 shares of Texas Pacific Land Corp.
• The filing indicates that Horizon Kinetics Asset Management LLC is a 10% owner of Texas Pacific Land Corp.
• Murray Stahl's direct interest is in 2,474 shares and his indirect interest is in approximately 53,550 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. It's neither overwhelmingly positive nor negative.

Positives

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

Industry Context

Form 4 filings are routine 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 by a significant shareholder, Horizon Kinetics Asset Management LLC.

Stakeholder Impact

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

Key Dates