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 May 24, 2024, Horizon Kinetics Asset Management LLC acquired additional shares of Texas Pacific Land Corp.
• The transaction involved the purchase of shares at a price of $611.48 per share.
• Following the transaction, Horizon Kinetics Asset Management LLC beneficially owns 1,085,019 shares of Texas Pacific Land Corp.
• Murray Stahl's direct interest is 2,474 shares and his indirect interest is approximately 53,550 shares.
• Horizon Kinetics Asset Management LLC filed an amendment to its Schedule 13D on February 28, 2024, noting beneficial ownership of 1,271,975 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The purchase indicates confidence from a major shareholder, but it's a routine transaction.

Positives

• Increased investment by a significant shareholder like Horizon Kinetics Asset Management LLC can be seen as a positive signal for Texas Pacific Land Corp.

Industry Context

This filing reflects ongoing investment activity in Texas Pacific Land Corp, which operates in the land and resource management sector. Monitoring such filings provides insights into investor sentiment and potential shifts in ownership structure within the industry.

Stakeholder Impact

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

Key Dates