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

Horizon Kinetics Asset Management LLC has reported the acquisition of 3 shares of Texas Pacific Land Corp common stock, increasing their total holdings.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) has filed a Form 4 disclosing a recent transaction in Texas Pacific Land Corp (TPL) stock.
• On December 6, 2024, HKAM acquired 3 shares of TPL common stock at a price of $1,319.52 per share.
• Following this transaction, HKAM's total direct holdings in TPL are 1,138,499 shares.
• This filing also references a previous Schedule 13D amendment from February 28, 2024, which detailed HKAM's beneficial ownership of 1,271,975 shares, and Murray Stahl's direct and indirect holdings.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a continued investment by a major shareholder. There are no negative implications in the filing.

Positives

• The purchase indicates a continued investment and confidence in Texas Pacific Land Corp by Horizon Kinetics Asset Management LLC.

Industry Context

This filing is a routine disclosure of a transaction by a major shareholder in Texas Pacific Land Corp, a company in the land and resource management sector. Such filings are common and provide transparency into ownership changes.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and major shareholders of publicly traded companies.
• The transaction is relatively small in terms of share volume, but the high share price reflects the value of Texas Pacific Land Corp stock.
• Other major shareholders in similar companies would also be required to file similar forms when their ownership changes.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder confidence due to the continued investment by a major shareholder.

Key Dates

Keywords

Texas Pacific Land Corp, Horizon Kinetics Asset Management, TPL, stock acquisition, beneficial ownership, Form 4, SEC filing