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 2 shares of Texas Pacific Land Corp common stock.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) filed a Form 4 disclosing a purchase of 2 shares of Texas Pacific Land Corp (TPL) common stock on December 10, 2024.
• The purchase was made at a price of $1,319.54 per share.
• Following this transaction, HKAM's total direct beneficial ownership of TPL shares is 1,138,504.
• This filing also references a previous Schedule 13D amendment from February 28, 2024, which noted 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 disclosure of a transaction, with no indication of 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.

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 transaction is small in comparison 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 changes to their holdings.

Stakeholder Impact

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

Key Dates

Keywords

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