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 at $1,359.18, increasing its holdings to 1,166,994 shares.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) filed a Form 4 disclosing a change in beneficial ownership of Texas Pacific Land Corp (TPL) shares.
• On February 7, 2025, HKAM acquired one share of TPL common stock at a price of $1,359.18.
• Following this transaction, HKAM's total beneficial ownership of TPL shares increased to 1,166,994.
• The filing also references a previous Schedule 13D amendment from December 18, 2024, where HKAM reported 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 document is a standard regulatory filing, so the sentiment is neutral. It simply reports a transaction.

Positives

• Increased investment by a major shareholder could be seen as a positive signal.

Management Comments

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

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of significant shareholders and insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership as mandated by the SEC.
• The reported transaction is relatively small in volume (one share) compared to the overall holdings of Horizon Kinetics Asset Management LLC.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders due to the small number of shares involved.

Key Dates

Keywords

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