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

Horizon Kinetics Asset Management LLC reports purchasing one share of Texas Pacific Land Corp common stock at $1,379.39, increasing their holdings to 1,166,995 shares.

Summary

• On February 10, 2025, Horizon Kinetics Asset Management LLC (HKAM) acquired one share of Texas Pacific Land Corp (TPL) common stock.
• The purchase price was $1,379.39 per share.
• Following the transaction, HKAM's direct holdings in TPL amount to 1,166,995 shares.
• Murray Stahl, associated with HKAM, has a direct interest in 7,848 shares and an indirect interest in approximately 156,083 shares as of December 18, 2024.
• Mr. Stahl does not exercise investment discretion with respect to the securities of the Issuer.

Sentiment

Score: 5

Explanation: The document is a routine filing related to a minor transaction. It doesn't contain information that would significantly shift sentiment positively or negatively.

Positives

• The increased stake by a significant shareholder like Horizon Kinetics Asset Management LLC could be interpreted positively by the market.

Management Comments

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

Industry Context

Texas Pacific Land Corp is involved in land ownership and resource management, primarily related to oil and gas activities in Texas. Monitoring changes in ownership by major investment firms like Horizon Kinetics Asset Management provides insights into investor sentiment regarding the company's prospects and the broader energy sector.

Comparison to Industry Standards

• It is difficult to compare this specific transaction to industry standards without knowing the broader context of Horizon Kinetics' investment strategy.
• However, monitoring ownership changes in companies like Texas Pacific Land Corp is a common practice among investors to gauge confidence in the company's future performance compared to peers like Viper Energy Partners or mineral rights companies.

Stakeholder Impact

• The transaction is unlikely to have a significant immediate impact on stakeholders.

Key Dates

Keywords

Texas Pacific Land Corp, Horizon Kinetics Asset Management, Shareholding, TPL, HKAM, Investment, Beneficial Ownership