Form 4: Horizon Kinetics Asset Management LLC Reports Share Purchase in Texas Pacific Land Corp
SEC Form 4 Filing
Horizon Kinetics Asset Management LLC has reported the purchase of 1 share of Texas Pacific Land Corp common stock.
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 27, 2025, at a price of $1,230.35 per share.
- Following this transaction, HKAM's direct ownership of TPL shares is 1,167,930.
- The 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 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 and is typical for companies with significant institutional ownership. It provides transparency into the trading activities of major stakeholders.
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 level of detail provided in this filing is consistent with SEC requirements for Form 4 disclosures.
- The transaction is small relative to 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
| Date | Description |
|---|---|
| 2024-12-18 | Horizon Kinetics Asset Management LLC filed an amendment to its Schedule 13D noting beneficial ownership of 3,578,173 shares. |
| 2025-01-27 | Date of the reported purchase of 1 share of Texas Pacific Land Corp common stock. |
| 2025-01-28 | Date of the signature on the Form 4 filing. |
Keywords
Texas Pacific Land Corp, Horizon Kinetics Asset Management, TPL, share purchase, beneficial ownership, Form 4, SEC filing
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