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 20, 2024.

Summary

• Horizon Kinetics Asset Management LLC (HKAM) filed a Form 4 disclosing a transaction in Texas Pacific Land Corp (TPL) stock.
• On December 20, 2024, HKAM purchased 1 share of TPL common stock at a price of $1,118.98.
• Following this transaction, HKAM's total beneficial ownership of TPL shares is 1,138,395.
• This filing also references an amendment to HKAM's Schedule 13D filed on December 18, 2024, which noted beneficial ownership of 3,578,173 shares and Murray Stahl's direct and indirect interests.

Sentiment

Score: 5

Explanation: The document is a neutral report of a share transaction, with no indication of positive or negative sentiment. It is a standard regulatory filing.

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 a publicly traded company. It is typical for investment firms to adjust their holdings and report these changes to the SEC.

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 transaction is small in the context of the overall holdings of Horizon Kinetics Asset Management LLC, which reported beneficial ownership of 3,578,173 shares in a previous filing.
• The price of $1,118.98 per share is consistent with the market price of TPL stock at the time of the transaction.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders due to the small size of the purchase.

Key Dates

Keywords

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