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 31, 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 31, 2025, at a price of $1,314.44 per share.
• Following this transaction, HKAM's direct ownership of TPL shares is 1,166,989.
• This filing also references a previous Schedule 13D amendment from December 18, 2024, which noted HKAM's beneficial ownership of 3,578,173 shares, and Murray Stahl's direct and indirect interests.

Sentiment

Score: 5

Explanation: The document is a routine filing and does not indicate any significant 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 and is typical for companies with significant institutional ownership.

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 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 its small size relative to the total shares owned by HKAM.

Key Dates

Keywords

Form 4, Texas Pacific Land Corp, Horizon Kinetics Asset Management, Share Purchase, Beneficial Ownership, TPL, HKAM