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.

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 on November 22, 2024.
• The shares were purchased at a price of $1,645.51 per share.
• Following this transaction, HKAM's total beneficial ownership of TPL shares is 1,138,472.
• This 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.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and does not contain any information that would indicate a positive or negative sentiment. It is a neutral disclosure of 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 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 reported transaction is small in volume compared 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 in similar companies would also be expected to file similar forms when their ownership changes.

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, Horizon Kinetics Asset Management, TPL, Form 4, Beneficial Ownership, Share Purchase, SEC Filing