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, maintaining a significant ownership position.

Summary

• On April 29, 2024, Horizon Kinetics Asset Management LLC (HKAM) acquired 3 shares of Texas Pacific Land Corp (TPL) at a price of $602.4 per share.
• Following this transaction, HKAM beneficially owns 1,084,962 shares of TPL.
• HKAM's pecuniary interest in these shares is disclosed in the report.
• Murray Stahl, associated with HKAM, does not exercise investment discretion over TPL's securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a routine transaction and disclosure. There's no indication of significant positive or negative sentiment, just standard reporting.

Positives

• Horizon Kinetics Asset Management LLC maintains a significant ownership position in Texas Pacific Land Corp, indicating confidence in the company.

Industry Context

This filing reflects ongoing investment activity in Texas Pacific Land Corp, a company often followed for its unique land ownership and royalty interests in the Permian Basin. Monitoring such filings provides insights into investor sentiment and potential shifts in ownership structure.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder confidence due to the increased stake by a major holder.

Key Dates