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

Horizon Kinetics Asset Management LLC reports acquiring one share of Texas Pacific Land Corp common stock at $1,361.19, increasing its beneficial ownership to 1,166,991 shares.

Summary

• On February 4, 2025, Horizon Kinetics Asset Management LLC (HKAM) acquired one share of Texas Pacific Land Corp (TPL) common stock at a price of $1,361.19.
• Following this transaction, HKAM's beneficial ownership in TPL increased to 1,166,991 shares.
• The filing also references a previous Schedule 13D amendment filed on December 18, 2024, which noted HKAM's beneficial ownership of 3,578,173 shares and Murray Stahl's direct and indirect interests.
• Murray Stahl does not exercise investment discretion with respect to the securities of the Issuer.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports a transaction and ownership details without expressing any positive or negative outlook.

Positives

• The increased stake indicates continued confidence in Texas Pacific Land Corp by Horizon Kinetics Asset Management LLC.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders, providing transparency to the market.

Stakeholder Impact

• The increased stake by Horizon Kinetics Asset Management LLC could be viewed positively by shareholders, potentially signaling confidence in the company's future prospects.

Key Dates

Keywords

Texas Pacific Land Corp, Horizon Kinetics Asset Management LLC, Beneficial Ownership, TPL, Share Acquisition, Form 4, Investment