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

Horizon Kinetics Asset Management LLC has reported the acquisition of 1 share of Texas Pacific Land Corp common stock.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) filed a Form 4 disclosing a transaction in Texas Pacific Land Corp (TPL) stock.
• On December 13, 2024, HKAM purchased 1 share of TPL common stock at a price of $1,180.67.
• Following this transaction, HKAM's total direct holdings in TPL are 1,138,511 shares.
• The filing also references a previous Schedule 13D amendment from February 28, 2024, which detailed HKAM's 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.
• Murray Stahl does not exercise investment discretion with respect to the securities of the issuer.

Sentiment

Score: 5

Explanation: The document is a neutral transaction report, with no indication of positive or negative sentiment. It is a routine filing.

Management Comments

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

Industry Context

This filing is a routine disclosure of a transaction by a major shareholder in Texas Pacific Land Corp, a company in the land and resource management sector. Such filings are common and provide transparency into ownership changes.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and major shareholders of publicly traded companies.
• The transaction is relatively small, involving only 1 share, which suggests it is not a major shift in ownership strategy for Horizon Kinetics Asset Management LLC.
• The previous Schedule 13D amendment indicates a larger ownership stake, which is more typical for a significant shareholder.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders 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, Stock Purchase, SEC Filing