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

Horizon Kinetics Asset Management LLC has reported the acquisition 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 on December 16, 2024.
• The purchase was made at a price of $1,231.5 per share.
• Following this transaction, HKAM's total direct ownership of TPL shares is 1,138,512.
• This filing also references a previous Schedule 13D amendment from February 28, 2024, which noted HKAM's beneficial ownership of 1,271,975 shares and Murray Stahl's direct and indirect interests.

Sentiment

Score: 5

Explanation: The document is a neutral transaction report, 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, 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 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

Keywords

Texas Pacific Land Corp, Horizon Kinetics Asset Management, TPL, share purchase, beneficial ownership, Form 4, SEC filing