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 3 shares of Texas Pacific Land Corp common stock at a price of $1,726.14 per share.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) filed a Form 4 disclosing a purchase of 3 shares of Texas Pacific Land Corp (TPL) common stock.
• The transaction occurred on November 25, 2024, at a price of $1,726.14 per share.
• Following this transaction, HKAM's direct ownership of TPL shares is 1,138,475.
• The filing also references a previous Schedule 13D amendment from February 28, 2024, which noted 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 regulatory filing, not indicative of positive or negative sentiment. It simply reports a transaction.

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 the ownership structure of publicly traded companies.

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 reported transaction is relatively small in terms of the number of shares purchased, but it is significant due to the high value per share of TPL.
• Other major shareholders of TPL would also be expected to file similar forms when they make transactions.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it represents a small change in ownership by a major shareholder.

Key Dates

Keywords

Texas Pacific Land Corp, Horizon Kinetics Asset Management, TPL, share purchase, Form 4, beneficial ownership, equity securities