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 2, 2024, Horizon Kinetics Asset Management LLC acquired 3 shares of Texas Pacific Land Corp common stock at a price of $560.5 per share.
• Following this transaction, Horizon Kinetics Asset Management LLC's direct ownership amounts to 1,084,971 shares.
• 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 as it simply reports a transaction. The increase in holdings could be seen as slightly positive, but it's a routine filing.

Positives

• Increased investment by Horizon Kinetics Asset Management LLC may signal confidence in Texas Pacific Land Corp's future prospects.

Management Comments

• Murray Stahl does not exercise investment discretion with respect to the securities of the issuer.

Industry Context

This filing indicates activity by a major shareholder in Texas Pacific Land Corp, which operates in the land resource management sector. Such filings are closely watched by investors for insights into the perspectives of significant stakeholders.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and major shareholders, providing transparency to the market.
• The reported transaction is relatively small in volume compared to the overall holdings of Horizon Kinetics Asset Management LLC.

Stakeholder Impact

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

Key Dates