Form 4: Horizon Kinetics Asset Management LLC Reports Changes in Texas Pacific Land Corp Holdings

Horizon Kinetics Asset Management LLC has reported changes in its beneficial ownership of Texas Pacific Land Corp shares, including a purchase and a distribution of shares.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) reported a change in their holdings of Texas Pacific Land Corp (TPL) stock.
• On January 10, 2025, HKAM acquired 1 share of TPL common stock at a price of $1,300.78.
• Also on January 10, 2025, HKAM distributed 62 shares of TPL common stock to beneficial owners without consideration.
• Following these transactions, HKAM's direct ownership of TPL shares is 1,167,964.
• HKAM's previous filing on December 18, 2024, noted beneficial ownership of 3,578,173 shares, with Murray Stahl having a direct interest in 7,848 shares and an indirect interest in approximately 156,083 shares.

Sentiment

Score: 5

Explanation: The document is a routine filing of stock transactions, with no indication of positive or negative sentiment.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a major shareholder, which is common in the financial industry.

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 transactions reported are typical for investment management firms adjusting their holdings.

Stakeholder Impact

• The transactions may have a minor impact on the share price of Texas Pacific Land Corp, but are not expected to be significant.

Key Dates

Keywords

Texas Pacific Land Corp, TPL, Horizon Kinetics Asset Management, HKAM, Beneficial Ownership, Stock Transaction, SEC Form 4, Share Distribution