Form 4: Horizon Kinetics Asset Management LLC Reports Share Purchase in Texas Pacific Land Corp

Horizon Kinetics Asset Management LLC reported the purchase of 1 share of Texas Pacific Land Corp common stock on January 23, 2025.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) filed a Form 4 disclosing a purchase of 1 share of Texas Pacific Land Corp (TPL) common stock.
• The transaction occurred on January 23, 2025, at a price of $1,425.45 per share.
• Following this transaction, HKAM's direct beneficial ownership of TPL shares is 1,167,928.
• This 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 regulatory filing and does not indicate any positive or negative sentiment. It is a factual report 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 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 a small purchase of 1 share, which is not unusual for large institutional investors who may be adjusting their positions.
• The disclosure of previous holdings in the Schedule 13D amendment is also a standard practice for investors with significant stakes in a company.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders, as it is a small purchase by a major shareholder.

Key Dates

Keywords

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