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

Horizon Kinetics Asset Management LLC reported a purchase of 1 share of Texas Pacific Land Corp common stock on December 18, 2024, while also disclosing their total beneficial ownership.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) filed a Form 4 on December 19, 2024, reporting a transaction in Texas Pacific Land Corp (TPL) stock.
• The transaction involved the purchase of 1 share of TPL common stock at a price of $1,204.77 on December 18, 2024.
• HKAM's total beneficial ownership of TPL shares is 1,138,393 shares.
• The filing also references an amendment to their Schedule 13D, which noted beneficial ownership of 3,578,173 shares.
• Murray Stahl's direct interest is 7,848 shares and his indirect interest is approximately 156,083 shares.
• Mr. 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

• Mr. 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 provides transparency into the ownership structure of Texas Pacific Land Corp.

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 level of detail provided in this filing is consistent with SEC requirements for Form 4 disclosures.
• The disclosure of both direct and indirect ownership is typical for filings involving investment management firms.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership of Texas Pacific Land Corp.

Key Dates

Keywords

Texas Pacific Land Corp, Horizon Kinetics Asset Management, TPL, share purchase, beneficial ownership, Form 4, Schedule 13D, investment