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

Horizon Kinetics Asset Management LLC reported the purchase of 1 share of Texas Pacific Land Corp stock on December 26, 2024.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) filed a Form 4 disclosing a transaction in Texas Pacific Land Corp (TPL) stock.
• On December 26, 2024, HKAM purchased 1 share of TPL common stock at a price of $1,150.34.
• Following this transaction, HKAM's direct ownership of TPL stock is 1,138,398 shares.
• This filing also references a previous Schedule 13D amendment from December 18, 2024, which noted HKAM's beneficial ownership of 3,578,173 shares, Murray Stahl's direct interest in 7,848 shares, and his indirect interest in approximately 156,083 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.

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 a publicly traded company. It is typical for investment firms to report changes in their holdings.

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 small in the context of the total shares owned by HKAM, suggesting it is not a major shift in their investment strategy.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders due to the small size of the purchase.

Key Dates

Keywords

Texas Pacific Land Corp, TPL, Horizon Kinetics Asset Management, HKAM, stock purchase, beneficial ownership, Form 4, SEC filing