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

Horizon Kinetics Asset Management LLC has reported the purchase of 1 share of Texas Pacific Land Corp stock on January 16, 2025.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) filed a Form 4 disclosing a transaction in Texas Pacific Land Corp stock.
• On January 16, 2025, HKAM purchased 1 share of common stock at a price of $1,386.27.
• Following this transaction, HKAM's total direct ownership is 1,167,968 shares.
• The filing also references a previous Schedule 13D amendment from December 18, 2024, which detailed 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 routine filing of a stock purchase, 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 Texas Pacific Land Corp, which is common in the financial industry.

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 relatively small in the context of the total shares owned by Horizon Kinetics Asset Management LLC.

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, Horizon Kinetics Asset Management, stock purchase, Form 4, beneficial ownership, equity securities