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 December 19, 2024.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) filed a Form 4 disclosing a transaction in Texas Pacific Land Corp (TPL) stock.
• On December 19, 2024, HKAM purchased 1 share of TPL common stock at a price of $1,109.
• Following this transaction, HKAM directly owns 1,138,394 shares of TPL.
• The filing also references an amendment to HKAM's Schedule 13D filed on December 18, 2024, which noted beneficial ownership of 3,578,173 shares by HKAM, a direct interest of 7,848 shares by Murray Stahl, and an indirect interest of approximately 156,083 shares by Murray Stahl.
• Murray Stahl does not exercise investment discretion with respect to the securities of the Issuer.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a share transaction, 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, 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 beneficial ownership and indirect interests is consistent with SEC regulations and industry norms.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares.

Key Dates

Keywords

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