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

Horizon Kinetics Asset Management LLC has reported the acquisition of 1 share of Texas Pacific Land Corp common stock.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) has filed a Form 4 disclosing a transaction in Texas Pacific Land Corp (TPL) stock.
• On January 24, 2025, HKAM acquired 1 share of TPL common stock at a price of $1,383.33 per share.
• Following this transaction, HKAM's total direct holdings in TPL amount to 1,167,929 shares.
• The filing also references a previous Schedule 13D amendment from December 18, 2024, which detailed HKAM's beneficial ownership of 3,578,173 shares, Murray Stahl's direct interest in 7,848 shares, and his indirect interest in approximately 156,083 shares.
• Murray Stahl does not have investment discretion over the securities of the Issuer.

Sentiment

Score: 5

Explanation: The document is a neutral transaction disclosure, with no indication of positive or negative sentiment.

Positives

• The acquisition of additional shares indicates continued investment by Horizon Kinetics Asset Management LLC in Texas Pacific Land Corp.

Management Comments

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

Industry Context

This filing is a routine disclosure of a transaction by a major shareholder and does not indicate any specific industry trend.

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 small in the context of the total shares owned by Horizon Kinetics Asset Management LLC.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders due to the small size of the transaction.

Key Dates

Keywords

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