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 $591.06 per share, resulting in a total holding of 1,085,043 shares.

Summary

• On June 6, 2024, Horizon Kinetics Asset Management LLC (HKAM) purchased 3 shares of Texas Pacific Land Corp (TPL) common stock.
• The purchase price was $591.06 per share.
• Following the transaction, HKAM directly owns 1,085,043 shares of TPL.
• Murray Stahl's direct interest is 2,474 shares and his indirect interest is approximately 53,550 shares.
• Mr. Stahl does not exercise investment discretion with respect to the securities of the issuer.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The purchase indicates continued investment by Horizon Kinetics Asset Management LLC in Texas Pacific Land Corp.

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 insiders and significant shareholders, providing transparency to the market.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure of Texas Pacific Land Corp.

Key Dates