Form 4: Horizon Kinetics Asset Management LLC Reports Purchase of Texas Pacific Land Corp Shares

Horizon Kinetics Asset Management LLC has reported the purchase of 3 shares of Texas Pacific Land Corp common stock.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) filed a Form 4 indicating a purchase of 3 shares of Texas Pacific Land Corp (TPL) common stock on December 2, 2024.
• The purchase price was $1,517.57 per share.
• Following this transaction, HKAM's total direct ownership of TPL shares is 1,138,487.
• This filing also references a previous Schedule 13D amendment from February 28, 2024, which detailed HKAM's beneficial ownership of 1,271,975 shares, and Murray Stahl's direct and indirect interests.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a small transaction. It does not indicate any significant positive or negative sentiment.

Industry Context

This filing is a routine disclosure of a transaction by a major shareholder and is typical for companies with significant institutional ownership. It provides transparency into the trading activities of major stakeholders.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and major shareholders in publicly traded companies.
• The reported transaction is small in volume compared to the total shares owned by Horizon Kinetics Asset Management LLC, suggesting it is not a major shift in their investment strategy.
• Other major shareholders of TPL would also be required to file similar forms when they make transactions.

Stakeholder Impact

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

Key Dates

Keywords

Texas Pacific Land Corp, TPL, Horizon Kinetics Asset Management, HKAM, Form 4, Beneficial Ownership, Share Purchase, SEC Filing