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

Horizon Kinetics Asset Management LLC reports purchasing 3 shares of Texas Pacific Land Corp at $830.44 per share, bringing their total beneficial ownership to 1,085,059 shares.

Summary

• On July 16, 2024, Horizon Kinetics Asset Management LLC (HKAM) purchased 3 shares of Texas Pacific Land Corp (TPL) at a price of $830.44 per share.
• Following this transaction, HKAM's beneficial ownership of TPL shares increased to 1,085,059 shares.
• The filing also references a previous amendment to Schedule 13D on February 28, 2024, where HKAM reported beneficial ownership of 1,271,975 shares.
• Murray Stahl's direct interest in 2,474 shares and his indirect interest in approximately 53,550 shares was also noted in the previous filing.
• Mr. Stahl does not exercise investment discretion with respect to the securities of the issuer.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction, so the sentiment is neutral.

Management Comments

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

Industry Context

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

Stakeholder Impact

• The transaction provides information to shareholders regarding the investment activity of a major shareholder.

Key Dates