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 $602.07 per share on May 15, 2024.

Summary

• On May 15, 2024, Horizon Kinetics Asset Management LLC (HKAM) purchased 3 shares of Texas Pacific Land Corp (TPL) at a price of $602.07 per share.
• Following this transaction, HKAM's direct ownership of TPL common stock amounts to 1,084,998 shares.
• The filing references an amendment to Schedule 13D filed on February 28, 2024, which noted beneficial ownership of 1,271,975 shares by HKAM and Murray Stahl's direct and indirect interests.
• Murray 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 filing indicates continued investment activity by Horizon Kinetics Asset Management LLC in Texas Pacific Land Corp.

Management Comments

• Murray 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 significant shareholders, providing transparency to the market.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for individuals or entities owning more than 10% of a company's shares, similar to filings made by other major shareholders in publicly traded companies.
• The level of detail provided in the filing is consistent with SEC guidelines and industry norms for reporting beneficial ownership.

Stakeholder Impact

• The filing provides transparency to shareholders regarding changes in ownership by major stakeholders.

Key Dates